ElevenLabs is widely recognized for its development of highly realistic AI-generated voices.
What began with two Polish engineers’ dissatisfaction with poor movie dubbing has blossomed into a lucrative company, now valued at an impressive $6.6 billion, effectively doubling its worth in just nine months. The firm recently announced a $100 million tender offer, led by Sequoia and ICONIQ with participation from a16z and other investors. Its advanced technology is now utilized in various applications, from powering Fortnite characters to enhancing customer service bots, and is strongly competing with OpenAI to become the dominant AI voice provider.
In today’s episode of TechCrunch’s Equity podcast, we present an interview with CEO Mati Staniszewski from this year’s Disrupt conference. Staniszewski made a notable prediction: he believes that voice models will become a commodity within a mere couple of years. This raises a critical question: what is ElevenLabs’ strategy for staying ahead as other companies catch up?
Tune into the full episode to discover insights on:
- The reasons behind ElevenLabs’ shift from focusing solely on voice models to establishing a conversational AI agent platform.
- How the company is addressing deepfakes through the implementation of watermarking, AI detection, and device authentication measures.
- Staniszewski’s belief that AI-generated content will soon outnumber human-created content.
- ElevenLabs’ expansion into music generation and its collaborations aimed at merging audio with video models.
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