Core Viewpoint - NetEase Cloud Music has launched an "AI songwriting" feature on its NetEase Tianyin platform, aimed at lowering the barriers to music creation and providing a convenient experience for users to transform inspiration into songs [1]. Company Summary - NetEase Cloud Music's stock price increased by over 7% and is currently trading at 204.4 HKD, with a transaction volume of 1.87 million HKD [1]. - The "AI songwriting" feature is currently available to music creators and a select group of deep users, allowing them to generate complete songs by inputting inspirational phrases through the mobile app [1]. Industry Summary - According to a report by Research and Markets, the market value of generative AI in the global music industry is projected to reach 419.85 million USD in 2024, with a rapid annual growth rate of 53.34% [1]. - The report forecasts that the AI value in the global music market will soar to 4.3 billion USD by 2029 and reach 22.57 billion USD by 2034, indicating a promising market outlook [1].
港股异动 网易云音乐(09899)午前涨超7% 近日旗下网易天音平台正式开启“AI写歌“功能内测