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Episode: Sony, Warner, and Universal sign AI music licensing deals with startup Klay
Description: The world's biggest music labels have struck AI licensing deals with a little-known startup named Klay Vision, the companies said, the latest in a series of deals that underline how the technology is shaking up the music industry's business model.
Warner Music Group, Universal Music Group, and Sony Music Entertainment, and their publishing arms, all signed separate agreements with Klay, according to an announcement posted on Warner's website. It comes a day after Warner inked two other deals involving artificial intelligence, with startups Udio and Stability AI. There were few details released about the agreements or about Klay, which is...