Stability AI · U.S. · Decrypt
Voice AI firm ElevenLabs debuted a new version of its music-generation model, called Music v2
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The company hit $500 million in annual recurring revenue in April 2026.
Key facts
- Stable Audio 3.0 ships four models: Small SFX (on-device sound effects), Small (full music composition on-device), Medium (up to 6:20, stronger hardware), and Large (API-only)
- The Small models run at 459 million parameters each—no GPU needed. (Parameters are what measure an AI model’s capacity, essentially
- ElevenLabs, the Polish-founded voice AI company sitting at an $11 billion valuation after a $500 million Series D in February, launched Music v2
- Large, at 2.7 billion, is API-only for organizations with over $1 million in revenue
Summary
ElevenLabs launched Music v2, capable of switching genres mid-track, building songs section by section, and inpainting specific parts. Stability AI released Stable Audio 3.0, a four-model family with open weights for three variants, trained on licensed data, generating tracks up to six minutes and twenty seconds long. Both releases lean hard into licensed training data—but Suno, valued at $2.45 billion with roughly 100 million users, is still the platform most people reach for first. Two significant AI music updates landed this week, and neither came from Suno. ElevenLabs, the Polish-founded voice AI company sitting at an $11 billion valuation after a $500 million Series D in February, launched Music v2.