News Summary

Voice AI company ElevenLabs has announced that authors can now create and publish AI-generated audiobooks on its Reader app. This initiative comes shortly after ElevenLabs partnered with Spotify for AI-narrated audiobooks. The company, which recently secured a $180 million funding round, aims to provide authors with affordable and accessible tools for audiobook creation, bypassing the higher costs associated with traditional studio production. Authors will be compensated when users engage with their audiobooks, and the service is currently available for English-language titles in the U.S., with plans to expand to other languages. ElevenLabs also intends to develop a marketplace for authors to sell their content and offers paid plans for generating audiobooks, ranging from $11 to $330 per month.