Music Ally reports: “The music industry is watching the swift evolution of generative/creative AI technologies with a mixture of fascination and concern. That evolution is being backed by increasingly-large funding rounds for the biggest firms in the space, as well as for emerging startups. There are now some figures on that, courtesy of data from investors’ database Pitchbook. It shows that generative AI startups raised $5.9bn of funding in 2022, up from $1.5bn in 2020.”

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