ElevenLabs and Stability AI release new AI music model Odaily Planet Daily News: ElevenLabs, a voice AI company founded in Poland, has released Music v2. The model can switch between genres within the same track, generate songs based on intro, main track, chorus, and other segments, and support local redrawing of specified segments. Music v2 is now available on ElevenMusic and ElevenCreative, and access to the ElevenAPI is currently provided through early entry points provided by the sales team. Stability AI has released Stable Audio 3.0, which includes four models: Small SFX, Small, Medium, and Large, with three variants featuring open weights in Hugging Face. This series is trained on authorized data, with Medium supporting the generation of up to 6 minutes and 20 seconds of audio tracks, and Large only available through the Stability AI API. ElevenLabs has reached licensing agreements with Believe, Kobalt, and Merlin, while Stability AI has established partnerships with Warner Music Group and Universal Music Group. Suno is valued at $2.45 billion in November 2025, with annual recurring revenue exceeding $300 million, approximately 100 million users, and daily generation of around 7 million songs.