Major music labels strike licensing deals with AI streaming startup Klay, Bloomberg News reports

Core Insights - Universal Music Group, Sony Music, and Warner Music Group have licensed their music catalogs to Klay, an AI-powered music streaming startup that enables users to remake songs using artificial intelligence [1] Group 1 - The collaboration signifies a growing trend of traditional music companies embracing AI technology to enhance user engagement and creativity [1] - Klay's platform allows users to interact with music in innovative ways, potentially reshaping the music consumption landscape [1] - This partnership may lead to new revenue streams for the music industry as AI-generated content becomes more mainstream [1]