TikTok Acquires AI Music Pioneer Jukedeck
TikTok parent Bytedance has acquired UK based music AI startup Jukedeck, according to multiple reports. The purchase, which could offer AI-created music to TikTok's 500 million global users even as the social video app continues contentious re-licensing with the major labels and battles performing right organizations.
The Jukedeck site is currently offline displaying the message, "We can’t tell you more just yet, but we’re looking forward to continuing to fuel creativity using musical AI!"
Details of the deal were not disclosed, but Jukedeck has raised $3.1 million to date.
Bytedance is also reported to be in talks to launch its own music streaming service.