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Aug. 2, 2023, 6:32 a.m.
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Meta Platforms, formerly known as Facebook, has unveiled its new open-source AI tool, called AudioCraft, aimed at assisting users in creating music and audio based on text prompts. The tool incorporates three models - AudioGen, EnCodec, and MusicGen - and offers functionality for music, sound, compression, and generation. Notably, MusicGen utilizes both Meta's proprietary music as well as licensed content.

This announcement follows Alphabet Inc's recent introduction of its experimental audio generating AI tool named MusicLM. Additionally, Japan's Ministry of Finance (MOF) issued a warning regarding a fake account impersonating its top currency diplomat, Masato Kanda, on the social media platform X (formerly known as Twitter). This development has raised concerns over potential currency intervention due to the yen's decline to a one-month-low.



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