SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
IBM Nears $11 Billion Deal to Acquire Confluent in Major AI and Data Push 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Nvidia Develops New Location-Verification Technology for AI Chips 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Universal Music Group (UMG) has reached a settlement with artificial intelligence company Udio, marking the end of a major copyright infringement lawsuit and the beginning of a new partnership. The two companies announced plans to co-develop a generative AI music platform, set to debut next year, that will use authorized and licensed music to create innovative tools for artists and fans.
The collaboration represents a significant shift in the music industry’s relationship with AI technology. UMG Chairman Sir Lucian Grainge emphasized that the deal reflects the company’s dedication to protecting artists and songwriters while embracing innovation. “These agreements demonstrate our commitment to doing what’s right by our artists and songwriters, whether that means embracing new technologies, developing new business models, or diversifying revenue streams,” Grainge said.
Udio CEO Andrew Sanchez echoed this sentiment, noting that the partnership aims to shape the future of music creation and engagement. “We’re building the technological and business landscape that will fundamentally expand what’s possible in music creation,” he said.
The settlement follows a 2024 lawsuit in which major record labels—Universal Music Group, Sony Music, and Warner Records—accused Udio and another AI company, Suno, of using copyrighted recordings without permission to train music-generating AI models. The labels claimed the companies copied hundreds of songs from top artists, including Taylor Swift, BTS, Ariana Grande, Sabrina Carpenter, and Lady Gaga, potentially threatening human artistry. Both Udio and Suno defended their actions as “fair use” under U.S. copyright law, calling the suits an attempt to stifle independent innovation.
While Sony and Warner’s cases against Udio, and all three labels’ cases against Suno, remain ongoing, UMG’s partnership with Udio marks a pivotal moment in bridging music and artificial intelligence responsibly.
