This week, two major AI music updates emerged from ElevenLabs and Stability AI, bypassing market leader Suno. ElevenLabs launched Music v2, capable of composing tracks that seamlessly switch genres (e.g., opera to heavy metal) and support inpainting for targeted section regeneration. The model powers three platforms: ElevenMusic, ElevenAPI, and ElevenCreative, with pricing cuts up to 50%. Stability AI released Stable Audio 3.0, a four-model family with open weights for three variants, generating tracks up to 6 minutes 20 seconds. The Small models run on-device with no GPU needed. Both companies emphasize licensed training data to avoid copyright litigation, as the RIAA sued Suno and Udio in 2024. ElevenLabs has deals with Believe, Kobalt, and Merlin; Stability partnered with Universal Music Group and Warner Music Group. Suno, valued at $2.45 billion, still dominates with ~100 million users and 7 million daily generated songs.

Key facts

• ElevenLabs Music v2 can switch genres mid-track and supports inpainting for section-level edits.
• Stable Audio 3.0 offers four models, three with open weights, generating tracks up to 6:20.
• Both companies emphasize licensed training data to avoid copyright lawsuits like those against Suno.
• Suno remains the dominant AI music platform with 100 million users and $2.45 billion valuation.
• ElevenLabs cut Music v1 and v2 pricing by up to 50% for API and 40% for Creative self-serve.