According to ElevenLabs (@elevenlabsio), Eleven Music has launched as an AI-powered music generation platform developed in partnership with major labels, publishers, and artists, featuring built-in guardrails to protect rightsholders. The platform enables users to create any music track from a text prompt, streamlining music production while ensuring copyright compliance and fair compensation for content owners (source: @elevenlabsio). This development signals a significant advance in practical AI applications in the music industry, offering new business opportunities for content creators, rights holders, and AI developers looking to monetize generative audio technologies.