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Market
Will ElevenLabs become the most used AI music platform by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Industry reports and user statistics released by platforms
Story
ElevenLabs Launches AI Music Model to Rival Suno and Udio
May 9, 2024, 07:38 PM
ElevenLabs has introduced a new AI music model capable of generating songs from text prompts. The model, showcased in an early preview, demonstrates its ability to produce music across various styles including pop, rock, and country without any manual edits. This innovation places ElevenLabs in direct competition with other AI music platforms such as Suno and Udio. The company has invited users to submit their own song ideas and lyrics for personalized song generation, highlighting the interactive aspect of this technology.
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Similar markets
Positive Reviews • 50%
Negative Reviews • 50%
Expands into new genres • 50%
Does not expand into new genres • 50%
ElevenLabs leads • 33%
Suno leads • 33%
Udio leads • 33%
Content Creation • 25%
Video Game Development • 25%
Film Production • 25%
Other • 25%
Entertainment • 25%
Politics • 25%
News Media • 25%
Other • 25%
Multilingual capabilities • 33%
Real-time sound generation • 33%
Higher fidelity audio production • 33%
Pop • 25%
Hip-hop • 25%
Electronic • 25%
Rock • 25%
Increase • 50%
Decrease • 50%