Major music labels strike licensing deals with AI streaming startup Klay, Bloomberg News reports
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Nov 19 (Reuters) - Universal Music Group (UMG.AS) , Sony Music (6758.T) and Warner Music Group (UMG.AS) have licensed their catalogs to Klay, an AI-powered music streaming startup that will let users remake songs using artificial intelligence, Bloomberg News reported on Wednesday, citing people familiar with the deals.Reuters could not immediately verify the report.
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