The music industry is preparing for a surge in AI-generated music in 2024, led by startups Suno and Udio. Udio, co-founded by former Google DeepMind employees, has raised $10 million in funding and created a buzz with over 600,000 users testing it out in two weeks. The platform's users are creating an astonishing 864,000 tracks daily, raising concerns about royalty distribution and copyright infringement. Despite legal battles, the industry is exploring collaborative approaches, such as Universal Music Group's partnership with YouTube to develop generative AI music tools.