Salt awarded multi-million grant from Innovate UK
Summary
Salt is releasing new AI-enhanced capabilities that can be used across its entire product line.The grant will help unlock groundbreaking operational efficiencies within the industry, solidifying Salts position as a leader in AI-driven rightsholder-centric solutions for the music sector, said a statement.Innovate UK provides targeted sectors with expertise, facilities and funding to test, demonstrate and evolve their ideas.Salt partnered with Queen Mary Universitys Centre for Digial Music for this project, leveraging their expertise in AI and digital music.Salt CEO Doug Imrie said: "Salt is excited to be at the forefront of AI innovation and the evolution of next-generation tools for the music industrys creators and rights-holders. We are delighted to have the experts at Queen Mary University join our mission to ensure that creators contributions, rights, accreditation and remuneration are protected across the music industry and benefit from the latest technological advances. "Simon Dixon, director of the UKRI Centre for Doctoral Training in Artificial Intelligence and Music at Queen Mary University of London, said: Our Centre for Digital Music has grown into a world-leading, multidisciplinary research group, responsible for numerous spinout companies and business partnerships with companies large and small. Industry partnerships like these allow us to achieve more real-world impact from our research, and give companies access to researchers working at the very edge of whats possible.Dave Stewart, Eurythmics co-founder and Salt investor, said: "With Salts pioneering AI work and the added horsepower from this funding, our partnership with Queen Mary University becomes a game changer so badly needed in the labyrinthine system that exists today. Were poised to continue redefining the music industry landscape, empowering creators and protecting their rights with unmatched innovation.