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Major record labels like Universal, Warner, and Sony are engaging in talks with AI music platforms Udio and Suno regarding potential licensing agreements. These discussions, reported by Bloomberg, center on providing these AI companies access to extensive music catalogs. A key aspect of the proposed deals involves establishing a compensation system for artists whose work is leveraged in the training of AI models. The record labels are seeking to secure a portion of the revenue generated from AI-composed music that incorporates their licensed content, setting a precedent for fair compensation in the burgeoning AI music landscape.