ElevenLabs, an AI startup, is introducing a novel text-to-sound model to transform written descriptions into sound effects.

The new AI model aims to enrich AI-driven digital content and is not yet publicly available, though early access is offered through a signup page.

This technology builds on ElevenLabs' existing text-to-speech and speech-to-speech models, supporting various languages and potentially augmenting plain speech or videos with background audio.

The AI voice generation market is poised to grow to $5 billion by 2032, with ElevenLabs positioned as an early entrant into the emerging text-to-sound segment.

The text-to-sound model by ElevenLabs is anticipated to significantly influence the AI and content creation landscapes, offering creators advanced tools to elevate their digital experiences.