China's ByteDance is venturing into artificial-intelligence (AI) generated music, hiring the staff of a London-based start-up after buying some of its intellectual property assets, according to LinkedIn posts and a person with knowledge of the matter.
The move could give one of the world's most valuable start-ups more options for the music used on its video-streaming apps TikTok and its Chinese version Douyin. Many videos on the service use popular songs whose rights are controlled by large record companies.
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