'We're AI', popular indie rock band Velvet Sundown admits
Velvet Sundown have more than a million monthly listeners on Spotify.
PARIS – An indie rock band with more than a million monthly listeners on Spotify have owned up to being an artificial intelligence (AI)-generated music project, following days of speculation about whether the group were real.
Named Velvet Sundown – seemingly a nod to late American musician Lou Reed's band The Velvet Underground – the digital group have become a viral hit, generating ferocious online discussion after racking up hundreds of thousands of listens.
An updated Spotify profile, consulted by AFP on July 8, admitted that the group were an 'ongoing artistic provocation'.
'All characters, stories, music, voices and lyrics are original creations generated with the assistance of artificial intelligence tools employed as creative instruments,' Velvet Sundown's profile added.
Recently created social media profiles, featuring photos of the group that look suspiciously fake, have teased readers about the group's origins, offering often contradictory information.
Experts have long warned about the dangers of AI image, video and music generators
blurring the lines between the real and fake.
A major study in December 2024 by the International Confederation of Societies of Authors and Composers, which represents more than five million creators worldwide, warned about the danger of AI-generated music.
Top stories
Swipe. Select. Stay informed.
Singapore Singapore to hire 1,000 new educators annually in the next few years, up from 700
Singapore COE prices rise for all categories
Business Temasek reports $45 billion rise in net portfolio value to $434 billion
Business S'pore must balance risks as it seeks to capture new wealth management opportunities: Chee Hong Tat
Singapore Pritam's appeal against conviction, sentence over lying to Parliament set for Nov 4
Singapore Female primary school teacher allegedly committed sex acts with underage male student
Singapore 2,000 EV chargers in condominiums co-funded under government grant
Business Malaysia makes first rate cut in five years after US announces 25% tariff
It forecast that artistes could see their incomes shrink by more than 20 per cent in the next four years as the market for AI-composed music grows.
Stockholm-based streamer Spotify declined to comment directly about Velvet Sundown when contacted by AFP.
Spokeswoman Geraldine Igou wrote that the platform does not 'prioritise or benefit financially from music created using AI tools'.
'All tracks are created, owned and uploaded by licensed third parties,' she said.
Rival music streaming service Deezer displayed a warning for 'AI-generated content' for Velvet Sundown.
'Some tracks on this album may have been created using artificial intelligence,' it said.
The Spotify rival has an AI-music detection tool that is able to identify songs generated using popular software models such as Suno and Udio.
Deezer said in April that it was receiving more than 20,000 fully AI-generated tracks on a daily basis, comprising 18 per cent of all uploaded content, an increase from the previously reported 10 per cent in January.
Reports on July 8 said an imposter posing as United States Secretary of State Marco Rubio had been using AI-generated voice and text messages to high-level officials and foreign ministers. AFP
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Times
3 hours ago
- Business Times
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
[NEW YORK] Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company. In addition, about US$300 million in capital was allocated to an options acquisition strategy for Bitcoin-related securities, the company said in a statement on Monday (Jul 21). Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin, depending on market conditions. In May, Trump Media joined the scores of companies emulating the crypto treasury strategy pioneered by Michael Saylor's Strategy. It's not the only company linked to the US President Donald Trump's family that has jumped to the Bitcoin treasury play. PSQ Holdings, a firm that counts Donald Trump Jr as a board member, also announced plans to explore a digital asset treasury strategy. 'These assets help ensure our company's financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere,' said Devin Nunes, chief executive officer and president of Trump Media, in the press release. The Sarasota, Florida-based company said it will also use its Bitcoin and Bitcoin-related securities to generate revenue and potentially 'acquire additional crypto assets.' Shares of Trump Media jumped more then 7 per cent in pre-market trading following the announcement. The stock has slumped around 45 per cent so far this year. BLOOMBERG
Business Times
5 hours ago
- Business Times
Money banked, promises broken: unsavoury side of Vietnam's PE and VC dealmaking
[HO CHI MINH CITY] A planned stake sale by shareholders of EQuest Education, one of Vietnam's biggest private education groups, is facing setbacks after a school acquisition in Hanoi collapsed, in a case highlighting the broader risks of doing business in the country's fast-growing, but often unpredictable, business sector. KKR, the largest shareholder with a 54.8 per cent stake in EQuest, held through its Singapore-based vehicle Equinox II, invested more than US$200 million into the Vietnamese group in two funding rounds in 2021 and 2023. The PE juggernaut and other shareholders of EQuest were eyeing a stake sale this year, in hopes of raising funds and paving the way for KKR's exit four to five years since its investment in EQuest, sources familiar with the matter told The Business Times. That plan now hangs in limbo. The dispute has delayed negotiations and the due diligence process, causing uncertainties, particularly over valuation-related matters, a source noted. KKR did not respond to BT's queries. In 2021, a member company of EQuest signed deals worth one trillion dong (S$49 million) to acquire 80 per cent stakes in two schools in Hanoi. At the time, EQuest had already consolidated some 20 education institutions in Vietnam. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The schools were part of the Ngoi Sao school system, a prominent private education network co-founded by Pham Bich Nga, a 66-year-old educator. The transaction for the second school, which was established in 2023, hit a deadlock. In a statement issued on Wednesday (Jul 16), EQuest alleged that Nga and her team withdrew funds from the first school and declined to transfer the agreed stake and management control of the second school. EQuest said it has lodged a police report on the matter, alleging embezzlement, misappropriation and fraud. In a Facebook post on Jul 16, Nguyen Quoc Toan, co-founder, chairman and chief executive of EQuest Education, alleged that the former partners claimed they 'did not understand' or had a 'different interpretation' of the contract, while retaining all the investor's funds over the past few years to develop the schools. A day earlier on Jul 15, Nga wrote on Facebook that she had proactively ended the partnership, citing major differences in educational direction and operational culture during their 2022 collaboration. 'Trying to forcibly maintain a partnership when the other party no longer wishes to continue – or attempting to claim what doesn't belong to them – cannot lead to a positive outcome for either side,' she wrote. Familiar red flags The case underscores the travails of doing business in Vietnam, which experts warn could weigh on investor confidence and undermine dealmaking in the long term. In fact, observers say disputes after deal closure between investors and Vietnamese target firms are fairly common, especially in private equity (PE) and venture capital (VC) circles; legal experts cite mismatched expectations and poor mutual understanding as key sources of friction. David Harrison, a partner for global law firm Hogan Lovells in Ho Chi Minh City, said: 'We do a lot of transactions with Vietnamese targets – family businesses in many cases – where there's no law firm on the other side to help them understand what they're signing.' They may be eager to close the deal and secure cash for their business by taking a pragmatic view, which, in the long run, may not serve their best interests, he added. Tran Duy Canh, managing partner at Dentons LuatViet in Ho Chi Minh City, said post-deal disputes often arise when critical conditions in sale agreements are not met. These do not always arise out of bad faith; more often, it comes from 'overconfidence' or misunderstanding, he said, adding that some local firms assume they can sort things out later or renegotiate if the deal veers off course. One notable case involved Vietnamese plastics firm Rang Dong and Japanese investor Sojitz Pla-Net, over a 2017 deal in which Sojitz bought five million shares in Rang Dong's Long An Plastic unit for more than 174 billion dong. Sojitz later alleged that Rang Dong failed to meet post-closing obligations. On its part, the Vietnamese firm claimed that there were 'unreasonable' terms in the contract, such as requiring it to sign employment contracts with 700 people that Sojitz appointed. Their conflict lasted about three years, from 2020 to 2023, including arbitration at the Singapore International Arbitration Centre in 2022 and subsequent onshore court proceedings in Vietnam. The ruling ultimately went Sojitz's way. However, it remains uncertain whether Rang Dong can fulfil its financial obligations to Sojitz, because the Vietnamese company is now facing bankruptcy proceedings. Lessons from soured deals Such cases worry investors, who often bear the bulk of financial losses and face lengthy investigations and legal battles. Legal counsel typically recommend mediation over taking the matter to court, especially when both sides genuinely want to resolve the misunderstanding. Another high-profile case was VinaCapital's Vietnam Opportunity Fund (VOF) investing US$32.5 million for a 34 per cent stake in Vietnamese egg and poultry giant Ba Huan in early 2018. The deal quickly unravelled after founder Pham Thi Huan publicly sought to cancel it, claiming the investor's terms risked eroding family control. She claimed VinaCapital imposed a 22 per cent annual return rate without consent, and that the Vietnamese contract included clauses missing from the English version, such as penalties for missed targets and a possible transfer of at least 51 per cent of the company's shares. VinaCapital maintained that all terms were lawful and in line with market norms, but later agreed to an amicable exit from the deal. Vu Nguyen Khanh, managing director and lead portfolio manager at VinaCapital's VOF, told BT: 'We may have a very clear view of what those terms mean, but at the same time, we want to make sure that the person on the other side of the table also understands that.' Founded in 2003 and managed by VinaCapital, VOF is a closed-ended investment trust listed on the London Stock Exchange with net assets exceeding US$970 million as at the end of June; it invests in listed equities and private companies in Vietnam. Khanh said the fund has invested in more than 200 companies in Vietnam over the past two decades. Harrison from Hogan Lovells stressed the importance of robust financial, legal and technical due diligence and forging direct ties with local partners, rather than relying on 30- to 40-page term sheets drafted for deals in other markets. He also highlighted the value of including downside protection mechanisms for investors – in the form of put rights, redemption rights, pull-back clauses, or earn-outs, for example – in case deals do not go as expected. 'The diligence, monitoring and the engagement process throughout the investment should pick up a lot of the flags,' VOF's Khanh added. He said if a situation calls for renegotiation, the first step should be to revisit the original agreements, which ought to include an avenue to resolve the issues before turning to the court. 'At the end of the day, our objective as investors is to create value and exit at a return. Disputes rarely create that kind of return,' he noted. Cultural gaps Hoang Minh Duc, special counsel at Duane Morris Vietnam, said investors are usually open to dialogue if founders stay transparent and actively work towards the best solutions for the businesses when obligations become difficult to meet. Drawing on his experience advising deals between foreign VCs and Vietnamese startups, he said many disputes stem from cultural gaps between Vietnamese business norms and those in more developed markets. He noted that Vietnamese startup founders often sign agreements without fully grasping the terms, sometimes without legal counsel or under guidance by inexperienced advisers. And when problems arise, some try to sidestep the investors. 'Vietnamese founders often value flexibility, while most VC investors, many of whom are from Singapore, prioritise transparency and an agreed structure,' he said, adding: 'This cultural gap can lead to painful partings, which may ultimately undermine dealmaking in Vietnam over the long term.'

Straits Times
9 hours ago
- Straits Times
India keen to strike trade deal with US, but wary about crossing red lines on agriculture, dairy
Find out what's new on ST website and app. Around 60 per cent of India's 1.4 billion people are engaged directly or indirectly in agriculture. – In the central Indian state of Madhya Pradesh, soya bean farmer Harnam Singh Lodhi lamented that he has enough difficulties without having to worry about competition from American farmers. 'This year, non-stop rains after sowing have hurt the crop,' said Mr Lodhi, who fears 70 per cent of his soya bean crop was washed out and ruined. 'I am also worried about getting good rates when the crop is harvested in October,' added the farmer, who has an 8.1ha farm in the biggest soya bean producing state in India, on which he also cultivates wheat. 'So how can I, on top of all that, compete with American soya bean farmers?' Soy farmers like Mr Lodhi are contending with a market glut due to a good November harvest, which has pushed average prices down by about 10 per cent since 2024 to around 4,000 rupees (S$59.60) for 100kg. Prices could fall further if the United States gets its way. Soy – along with dairy, wheat, rice and apples – is among the American produce Washington wants India to ease import restrictions on. The US is the world's second-largest producer of soya beans, while India is ranked the fifth. Top stories Swipe. Select. Stay informed. Singapore 2 workers stranded on gondola dangling outside Raffles City Tower rescued by SCDF Asia Japan PM Ishiba apologises to his party for election loss, vows to stay in office to deal with US tariff talks Business $1.1 billion allocated to three fund managers to boost Singapore stock market: MAS Singapore Proof & Company Spirits closes Singapore distribution business Life Travel Journal: Safari tourism with a side of moral crisis Singapore Mandai Wildlife Group group CEO Mike Barclay to retire; Bennett Neo named as successor Singapore Jail, caning for man who held metal rod to cashier's neck in failed robbery attempt Singapore Fresh charge for woman who harassed nurse during pandemic, created ruckus at lion dance competition The South Asian country is looking to reduce a 26 per cent 'reciprocal' tariff imposed by the Trump administration. But resistance from Indian farmers to the US push for greater market access in agriculture and dairy has been a major sticking point in the government's tariff negotiations. India's Finance Minister Nirmala Sitharaman said in a July 1 interview with The Financial Express that these sectors 'have been among the very big red lines, where a high degree of caution has been exercised'. Around 60 per cent of India's 1.4 billion people are engaged directly or indirectly in agriculture, a sector that accounts for about 18 per cent of the annual economic output of the world's fourth-largest economy by nominal GDP. Collectively, farmers wield enormous political clout. Pressure from farmer groups was one key reason behind India's 2019 decision not to join the Regional Comprehensive Economic Partnership, a free trade agreement involving 15 Asia-Pacific countries. In 2021, following 11 months of massive farmer protests, the government was forced to repeal three farm laws which farmers believed to favour large companies. More on this topic India proposes retaliatory duties at WTO against US tariffs on vehicles Pushback to pressure Currently, US agricultural exports to India include nuts such as almonds and pistachios, pulses such as chick peas, and some fresh fruit. US President Donald Trump has said that 'India basically is working along that same line' of the deal struck with Indonesia, which has agreed to buy US$4.5 billion in US produce, among other measures, in exchange for a tariff rate of 19 per cent, down from the original 32 per cent. Agriculture accounts for about 18 per cent of the annual economic output of the world's fourth-largest economy by nominal GDP. PHOTO: AFP Indian Commerce and Industry Minister Piyush Goyal said on July 15 that the two countries are moving quickly to reach a 'win-win' agreement. But farmers' associations in India are against any tariff reduction deal giving American agricultural products unfettered access to the Indian market. They are also against the entry of genetically modified crops, such as corn from the US, which is among the key sticking points in the negotiations. India allows cultivation of genetically modified cotton but does not allow cultivation of any other genetically modified crops domestically. The Indian Coordination Committee of Farmers Movements (ICCFM), a network of farmers' organisations, has urged the government 'to protect the interests of Indian farmers, ensuring our food sovereignty and security' in the India-US trade deal. The Bharatiya Kisan Sangh (BKS) – a farmers' organisation affiliated with the Rashtriya Swayamsevak Sangh, the ideological parent of the ruling Bharatiya Janata Party – has made a similar call. 'We are not on a level playing field when it comes to American farmers. The landholding is smaller in India. How will we compete?' asked Mr Mohini Mohan Mishra, BKS All-India general secretary. 'It will be better to keep discussions on agriculture and dairy out of this deal,' he added. Small Indian farms cannot match the scale and efficiency of US farms, which average 188.5ha and often benefit from large-scale operations, advanced mechanisation, subsidies and better infrastructure. In comparison, India's farms are small, fragmented and hardly mechanised. Some 86 per cent of farmers operate from less than 2ha of land. The agriculture sector also struggles with low productivity, rising costs of items like fertilisers and seeds, poor irrigation infrastructure and an over-dependence on rain for water. While the government supports farmers with guarantees that it will buy certain agricultural products at pre-determined rates, farmers continue to struggle to make ends meet. A single crop failure or a drop in prices for produce could send Indian farmers, who are typically already weighed down by loans, spiralling into financial crisis. Cereals such as rice, wheat, maize and millet account for more than half of India's total agricultural production and two-thirds of agricultural crop area. Indian farmers fear that an influx of these cheaper produce from the US will further erode their earnings amid already difficult circumstances. 'There is no way, because of food security and livelihood issues, that we can expose our farmers to face competition from large agri businesses,' said Dr Biswajit Dhar, a trade expert at the Council for Social Development, a think-tank focusing on justice and equality in development. Dairy sensitivities India is the world's largest producer of milk, but it only has a 0.25 per cent share of global dairy trade due to high domestic consumption. This makes India an attractive market for US dairy. But if US milk were allowed into India, prices are likely to fall by about 15 per cent – spelling a potential annual loss of 103 billion rupees to dairy farmers, a State Bank of India report forecasts. There is also cultural and religious resistance to importing US dairy, due to the American practice of feeding cattle with animal by-products. Recent trade agreements that India inked with Australia and the United Kingdom could offer some ideas on resolving the impasse with the US. The India-Australia Economic Cooperation and Trade Agreement signed in 2022 exempted duties on Australian barley, oats and lobsters – but dairy and chickpeas were excluded. In the free-trade agreement with UK, India refused tariff reductions on UK dairy, apples, poultry and sugar to protect farmers. 'What could be done is that India could increase market access for the US in some areas like nuts and processed foods,' Dr Dhar said. 'The government will be worried about facing farmers' wrath. I don't think the government will test them.' BKS' Mr Mishra warned that if the government goes ahead with agriculture and dairy in the deal, 'we will also decide how to go ahead'. 'The government will have to think – there are so many elections coming one after the other,' he said, referring to state-level elections. He added: 'If they don't work for the welfare of farmers, farmers will also not cooperate.'