Under Suno's leadership, it is expected to set off a new revolution in AI music generation. It is expected that AI music applications may usher in a period of rise
In the early morning of May 15, Google announced that it has collaborated with YouTube on the new music tool Music AI Sandbox. This AI music creation tool will compete with AI music apps such as Suno.
Tianfeng Securities released a research report saying that in April, there was a general increase in web traffic for AI audio tools, and the traffic leader Suno continued to gain strength, continuing the strong growth trend in the first quarter.
Under Suno's leadership, it is expected to set off a new revolution in AI music generation, and it is expected that AI music applications may usher in a period of rise.
It is recommended to focus on the development of artificial intelligence in the consumer market. It continues to penetrate the fields of chatbots, text, images, video and audio, and traffic continues to grow.
In the future, with the development of AI technology, product functions and user experience are expected to improve significantly. AI tools may become an important tool for reducing costs and increasing efficiency and improving productivity. It is expected that AI applications will expand into more fields, increasing traffic while accelerating commercialization.
AI music-related companies:
Tencent Music - SW (01698): First-quarter revenue and profit both beat expectations, mainly because online music services grew stronger than expected and the cost structure was favorable, driving up profitability. The Group's comprehensive content ecosystem and diverse user coverage have further boosted its share growth in China. In addition, structural changes in the cost of the music business and the optimization of the combination of authorized products and internal products have also provided upward space for its profit growth.
Cloud Music (09899): On May 13, NetEase Cloud Music announced an official copyright cooperation with Kakao Entertainment. Kakao Entertainment is a comprehensive entertainment company in Korea integrating entertainment, mass media, and publishing. Its subsidiary covers the works of various types of artists such as IU, FTISLAND, N.Flying, THE BOYZ, and Jannabi. Cloud Music's 2023 earnings improvement exceeded expectations. Online music revenue has accelerated, and the number of paying users is still growing rapidly, returning to the essence of music content in 24; social entertainment strategies have focused on adjustments; gross margin has increased dramatically, and profitability has improved significantly.