OpenAI Enters $2.8 Billion AI Music Market, Challenging Suno and Google
OpenAI is venturing into the AI music generation space with a new tool capable of creating original compositions from text and sound prompts. The initiative, developed in collaboration with Juilliard School students, focuses on labeling musical scores for training data. Users will be able to perform tasks like adding instruments to melodies or generating video background scores, with potential integration into OpenAI's existing products like ChatGPT and Sora.
The MOVE positions OpenAI in a rapidly growing market projected to reach $2.8 billion by 2030. Current players like Suno are already generating $150 million in annual revenue, while Google's Lyria RealTime demonstrates the tech giant's parallel ambitions in real-time genre blending through its Gemini API.
This expansion intensifies competition in AI-generated music and raises critical questions about intellectual property rights. Major music labels are watching closely as the technology disrupts traditional creative processes and revenue models.