ElevenLabs Launches ElevenMusic IOS App For AI-Generated Music

Expanding Beyond Voice AI

ElevenLabs launched ElevenMusic, an iOS app for AI-generated music, entering the consumer music creation market. The release expands the company’s product suite beyond voice synthesis and positions it against platforms such as Suno and Udio.

A Strategic Counter To Commoditization

ElevenMusic launched on April 1 and allows users to generate up to 7 songs per day using text prompts. The app includes controls for track length, lyrics and writing style. The launch reflects efforts to expand use cases for audio models as competition increases and similar tools become more widely available. Product diversification may support longer-term revenue growth.

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Innovative Features And User Engagement

The app includes features for music discovery and playback, alongside content-generation tools. Users can access live stations, curated albums and daily mixes across categories such as Focus, Energy and Chill. Interface elements include charts, trending tracks and new releases, similar to existing streaming platforms. These features aim to increase user retention within the app ecosystem.

Subscription Model And Professional Offerings

ElevenLabs offers a paid tier priced at $9.99 per month or $95.90 per year. Subscribers can generate up to 500 tracks per month and access expanded storage and content options. The pricing model introduces a recurring revenue stream tied to usage volume and feature access. Additional functionality may support professional and commercial use cases.

Consolidating A Market-Leading Vision

ElevenLabs raised $500 million in a Series C round at an $11 billion valuation, according to company disclosures. The company has since expanded its product portfolio across multiple audio formats. Recent initiatives include music generation tools, audiobook services and consumer applications such as ElevenReader. These developments indicate a broader strategy focused on audio-based AI products.

The Road Ahead

Further adoption of ElevenMusic will depend on user growth and engagement across both free and paid tiers. Competition in AI-generated music is increasing as new platforms enter the market. Product performance and monetization metrics will determine the role of music tools within ElevenLabs’ broader business model.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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