Meta to Acquire Play AI: Voice Cloning Technology

Meta Pursues Acquisition of Voice-Cloning Startup Play AI

In addition to strengthening its team dedicated to artificial intelligence research, Meta is actively exploring opportunities to enhance its AI-driven features available to consumers.

According to a report from Bloomberg, citing sources who wish to remain unnamed, the company is currently engaged in negotiations to acquire Play AI, a startup specializing in voice cloning technology.

Play AI's Technology and Funding

The intention behind the potential acquisition is to integrate Play AI’s technology and incorporate key personnel into Meta’s existing workforce.

Play AI’s platform empowers users to replicate a diverse range of voices for application in AI-powered solutions, including customer support systems, as detailed on their official website.

To date, the startup has secured $23.5 million in funding. Notable investors include 500 Global, Kindred Ventures, Race Capital, and Soma Capital, according to data from Crunchbase.

Strategic Implications for Meta

Meta currently provides tools for creators on its social media platforms to develop their own chatbots.

Furthermore, the company has recently integrated video-editing functionalities into its Meta AI chatbot.

The acquisition of a voice technology company would enable Meta to seamlessly incorporate audio capabilities into its suite of creative tools.

Official Responses

Meta has declined to provide any official statement regarding the reported acquisition.

A request for comment directed to Play AI has not yet received a response.

This move signals Meta’s continued investment in expanding the capabilities of its AI offerings and providing more versatile tools for its users.