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Market
Will ElevenLabs release a major update to their AI music model by mid-2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Press releases or official announcements from ElevenLabs
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%
Multilingual capabilities • 33%
Real-time sound generation • 33%
Higher fidelity audio production • 33%
New competitors emerge • 50%
No new competitors • 50%
