AI music faces legal threat as Shein picks London for its IPO

Top News

• AI music companies face lawsuit: The RIAA is challenging two music AI startups, Suno and Udio, alleging “copyright infringement involving unlicensed copying of sound recordings on a massive scale.” The two companies have reportedly been tight-lipped on their training data sources, which we reckon says quite a lot.

• Apple confronts new EU legal woes: Apple has changed how it allows apps to be distributed and monetized in the European Union. However, the EU is not content with Apple's changes. Given prior market reaction from European tech companies irked with Apple’s heavy-handed approach to platform moderation even after the modifications, we’re not shocked.

• Shein’s London listing is a go: After filing privately in the United States last year before seeing its IPO plans slow, Chinese fast-fashion giant Shein is moving ahead with a UK listing. It has now filed confidentially to list in London, CNBC reports. A small loss for American exchanges here is a coup for the British boards.

TWiST500

• This week on the podcast we’re looking at so-called ‘digital twin’ startups: companies that are building software copies of the real world, or portions thereof so that companies can test rapidly without having to build real systems. The gist is that testing costs a lot and can be very wasteful regarding resources. So, a move to a digital environment akin to what F1 uses today might work in many industries.

• And there are so very many eVTOL companies worth discussing. On the podcast today — live at 2 PM ET — we’ll sort out who we think will be the winners, and perhaps add one or two to our growing list of the private companies you need to track.

On Wednesday, we’ll list the new inductees and tomorrow we’ll dig into the latest news from existing TWiST500 members.

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This Week in Startups

E1970: Dan Senor, co-author of "Start-Up Nation,” joins guest host Mark Suster. They discuss the impact of military service on entrepreneurial skills, the role of immigration, and cultural aspects that foster innovation. They also cover the challenges and future prospects for Israel's tech scene.

E1969: Two talks from our recent Liquidity Summit. Here from Sky Daton all about how eVTOLs may revolutionize travel. His session was entitled “Aviation Safety, Air Taxis and the Future of Flight.” Then a chat with Science Inc’s Mike Jones, who shared a riff entitled “Lessons in Brand Building.” If you were curious how Liquid Death became so big, this is the talk for you!

E1968: Jason and Alex discuss Nvidia's ascent to becoming the most valuable company and insights into Eli Lilly and the GLP-1 phenomenon. The conversation shifts to the future of telehealth and its evolving landscape. They also cover the FTC's lawsuit against Adobe and introduce new companies in the TWIST500!

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