Universal Music Group N.V. (UMG.AS)
- Reuters
Music labels sue AI companies Suno, Udio for US copyright infringement
Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels' recordings to train music-generating AI systems. The companies copied music without permission to teach their systems to create music that will "directly compete with, cheapen, and ultimately drown out" human artists' work, according to federal lawsuits filed against Udio in New York and Suno in Massachusetts.
- Motley Fool
These are Some of the Top Holdings in Billionaire Investor Bill Ackman's Portfolio. Time to Buy?
Ackman had almost 25% of his firm's net assets in one of these stocks at the end of 2023.
- Reuters
PRESS DIGEST- New York Times business news - May 3
Following are the top stories on the New York Times business pages. - Sony Pictures Entertainment and the private equity giant Apollo Global Management have formally expressed interest in acquiring Paramount for roughly $26 billion. - TikTok and Universal Music Group have reached a new licensing deal where the companies said that they had agreed to a "multi-dimensional" new deal that included improved remuneration for Universal's roster of artists and songwriters.
