Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
CJ ENM announced it has invested again to buy a stake in POZAlabs, a South Korean tech start-up firm involves in music composition using artificial intelligence or AI. The amount of its latest investment was not posted.
While the financial terms for the stake acquisition in POZAlabs were not disclosed, it was revealed that CJ ENM has become the second-largest stakeholder in the music tech company, next to POZAlabs’ chief executive officer, Huh Won Gil.
As per Korea Joongang Daily, the start-up was established in 2018, and within four years since its founding, it was able to create a music composing algorithm that composes music based on the desired mood, style, instrument, and atmosphere.
POZAlabs said that its AI music composer is not intended to replace or compete with human composers. Rather, its goal is to provide assistance to them by maximizing their efficiency through the use of the application.
The company has been getting huge attention in the digital music market because of what it can do. Most people are expressing interest in its cutting-edge AI technology that can create customized song pieces for each user.
POZAlabs also launched its subscription service called viodio. It gives users unlimited access to a copyright-free music catalog for only KRW12,900 or about $9, but this rate is for individuals only, and it charges KRW39,900 for corporate accounts.
“The creative infrastructure will be strengthened and new businesses will gain momentum through collaboration with Forza Labs, which possesses unrivaled technology so I will carry on,” a CJ ENM official said in a press release.
The company also stated, “Through this investment, it is possible to build CJ ENM's own AI music library by securing the copyright and ownership of the AI sound source created in collaboration with Forza Labs in the future.”
CJ ENM is planning to use the music created through POZAlabs AI music composer for its broadcast programs and content for global distribution. Having the AI sound library will also allow the company to save on time and cost, so the purchase of a stake in the company is a good investment. Lastly, the entertainment firm is also planning to expand the application of this music technology to future projects, including the creation of metaverse content.
