Suno, the AI‑powered music platform that lets users generate songs from text prompts, announced a $250 million Series C financing that pushes its post‑money valuation to $2.45 billion. The round was led by Menlo Ventures and included Nvidia’s venture arm NVentures among others. Suno now reports $200 million in annual revenue and offers both free and paid subscription tiers for creators. At the same time, the company is fighting lawsuits from Sony Music, Universal Music and Warner Music, which allege the startup trained its models on copyrighted material without permission. The legal challenges highlight the broader uncertainty surrounding AI training data while investors remain bullish on Suno’s growth potential. Read more →

A German court has ruled that OpenAI’s ChatGPT breached national copyright law by training its language models on licensed musical works without permission. The lawsuit, filed by GEMA, the German music rights society, resulted in an order for OpenAI to pay undisclosed damages. OpenAI has expressed disagreement with the decision and is considering its next steps. GEMA hailed the ruling as a landmark precedent that reinforces authors' rights, while noting that OpenAI faces additional lawsuits from other creatives over similar concerns. Read more →