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Ryu said, “I’m excited for LOVO’s synergies with Kakao Entertainment’s future endeavors in the entertainment vertical, especially with web novels and music,” Ryu also added, “AI technology is opening the doors to a new market for audio content, and we expect a future where an individual’s voice will be utilized effectively as an intellectual property and as an asset.”įounding partner at SkyDeck Fund Chon Tang said, “Audio is uniquely engaging as a form of information but also difficult to produce, especially at scale. VP of CEO Vision Office at Kakao Entertainment J.H. It is expected that LOVO will create additional synergies in the entertainment industry in the wake of the latest funding from a South Korean entertainment firm.
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#LG TTS VOICES MOVIE#
The movie “Spiral,” the latest film of the Saw Series, features LOVO’s voice in the film, he noted. LOVO’s four core markets are marketing, education, movies and games in entertainment and AR/VR, Lee said. Hunt, Bouncer, CPA Canada, LG CNS and South Korea’s Shinhan Bank, Lee mentioned. LOVO already secured 50,000 users and more than 50 enterprise customers, including the U.S.-based J.B. The Global TTS market is projected to increase $5.61 billion by 2028, from $1.94 billion in 2020, based on Research Interviewer’s report published in August 2021. The global text to speech (TTS) market is estimated at $3 billion, with the global voiceover market at around $10 billion, according to Lee. LOVO owns more than 200 voice skins that provide users with voices categorized by language, style and situation suited for their various needs. Users also can create their own AI voices by simply reading 15 minutes of script via LOVO’s DIY Voice Cloning service. Developers can utilize LOVO’s Voiceover API to turn text into speeches in real-time, integrated into their applications. LOVO launched its first product LOVO Studio last year, which provides an easy-to-use application for individuals and businesses to find the voice they want, produce and publish their voiceover content. “Since our launch a little over a year ago, users have created over 5 million voice content on our platform,” co-founder and CEO Choi said. WellSaid attracts $10M A round for higher quality synthetic speech