1. Suno, an AI music site allowing users to create songs through prompts, raised $250 million in Series C funding at a post-money valuation of $2.45 billion. The round was led by Menlo Ventures and includes participation from other investors like Nvidia’s venture arm NVentures, Hallwood Media, Lightspeed, and Matrix.

2. Despite ongoing legal challenges from major record labels and music rights organizations over the use of copyrighted materials in training AI models, the success and growth of Suno have not deterred investors due to its market potential for AI-generated music.

3. Suno has been at the forefront of lawsuits regarding unauthorized use of copyrighted materials but has reportedly hit $200 million in annual revenue, showing strong user adoption and demand for its service.