ElevenLabs has released its second-generation music AI model, ElevenLabs Music v2. This new version was trained on licensed data, aiming to improve its output quality and ethical considerations. The company is also reducing API pricing by up to 50%, positioning itself as a competitor to Suno AI. AI
IMPACT This release offers improved AI-generated music capabilities and potentially more accessible pricing, impacting creators and the music tech landscape.
RANK_REASON The cluster describes the release of a new AI model version and associated product updates. [lever_c_demoted from research: ic=1 ai=1.0]
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