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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.

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.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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