AI music maker Suno hits 2M paying subscribers with $300M in annual recurring revenue

the sun founder and CEO Mikey Shulman he shared on LinkedIn that the AI ​​music generator has gained 2 million paid subscribers and $300 million annually over and over again.

Just three months ago, Suno announced a $250 million round that the company was valued at $2.45 billion. At that time, Suno told The Wall Street Journal that the annual revenue has reached $200 million – which would indicate that the company has experienced significant growth in a short period of time.

Suno allows users to create music using natural languages, making it easy for people with no background knowledge to create music. This has caused concern for musicians and record labels, who have sued Suno for copyright infringement, as its AI model may have been trained on previously recorded music. But Warner Music Group soon dismissed his case and instead secured a deal that allowed Suno to launch brands that used licensed music from his band.

Suno has produced music that sounds real enough to top Spotify and Billboard. Telisha Jones, 31, from Mississippi, used Suno to turn her poetry into an R&B song.How Should I Know” and signed a recording contract with Hallwood Media for what he says is a significant fee $3 million.

However, many musicians do he spoke against the use of AI in music, including Billie Eilish, Chappell Roan, Katy Perry, and others.