Artificial intelligence is a gift to the world and the new application ChatGPT has taken the world by storm. This past Friday Music Licensing Inc (OTCMKTS:SONG) was in the news after it announced that it was looking to use the ChatGPT application so as to further boost its artificial intelligence project which already makes music for Pro Music Rights Inc, its fully owned subsidiary unit.
On Friday, SONG stock moved up 71.43% to $0.0480 with more than 820.60K shares traded, compared to volume of 56.23K shares. The stock moved within a range of $0.0347 – 0.1102 after opening trading at $0.0347.
Music Licensing, Inc. (OTC:SONG) to Enhance AI-Based Music with ChatGPT Technology
Pro Music Rights had been established back in 2018 and since its establishment it has been working on AI-powered music since then. As it happens, the company already owns a catalogue of AI-powered music, which has also been registered with the United States Copyright Office.
The company is looking to use ChatGTP for not only enhancing the quality of its music production but also to accelerate the expansion into other lines of products. Some of those product lines include synchronization rights, Master Rights, mechanical rights and other audio services for which a subscription fee can be charged. Music Licensing and its subsidiary Pro Music Rights are committed to the delivery of AI-powered high quality music and this is a step in that direction from the company. It remains to be seen if the stock moves today.