①Time Domain Technology completed a $40 million Pre-B round of financing. Its core product, ACE Studio, has nearly 100,000 paid creators, with monthly revenues exceeding $2 million. ②Kunlun Wanwei and MiniMax launched new models. Australia banned pure AI-generated songs from being listed, and a German court ruled that Suno violated copyright laws.
# Generative AI Music Track: Financing, Model Releases, and Copyright Disputes ## Financing and Growth Beijing Shidong Technology Co., Ltd. completed a $40 million Pre-B round of financing, with investors including Chuangshi Partner Venture Capital, Shunwei Capital, Alphaist Partners, etc. This round of financing has a predicted probability of 35.35% for subsequent financings by Shidong Technology. Founded in 2018 and headquartered in Beijing, Shidong Technology is a professional music creation workstation research and development company focused on generative AI. The company’s core team combines musical expertise with AI technology skills. Founder Guo Jing was responsible for the growth of nationwide casual games at LeDou Games. CTO Zhao Wenxiao has experience in machine learning and speech synthesis architectures. CPO Sheng Conger was a signed lyricist and composer for Warner Music China. ## Product Progress Shidong Technology’s self-developed ACE Music Models and open-source ACE-Step series models are close to Suno v5.5 in terms of generation quality, track control, and local modification capabilities, with a generation cost of only 1/5 of Suno v5.5. Core algorithms…