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Startup ElevenLabs Rises to Billions, But Risks of AI Misuse Loom

A small Warsaw-born startup called ElevenLabs has exploded into the global tech scene, turning breakthrough speech AI into a multi-billion-dollar business almost overnight and making its young founders billionaires in the process. That’s the kind of bootstrapped success story conservatives respect — bright minds, risk-taking, and real products that customers pay for — but the same sprint to market also created dangerous blind spots.

What ElevenLabs built is undeniable: human-sounding text-to-speech that can convey emotion, dub films, and produce audiobooks at scale, with corporate customers and profitable margins proving the market demand. This kind of American-friendly innovation — even when it originates overseas — fuels jobs and creativity, and it shows what disciplined engineers can do when left to compete.

Investors poured in accordingly, with a big Series C in early 2025 and valuations climbing into the billions as the company attracted high-profile partners and sizable contracts. Venture capitalists love winners, and when a tool solves real problems for media, gaming, and enterprise customers the money follows; conservatives should cheer productive capital allocation even as we ask tough questions about consequences.

But there is a darker side that can’t be waved away: the same tech that helps authors and game studios has been weaponized by scammers, political pranksters, and fraudsters who mimic loved ones or public figures to steal money and spread disinformation. Independent testing and watchdog reports have warned that safeguards were thin and misuse was not hypothetical; when technology can impersonate a parent or manipulate voters, regulators and companies must act before more families are harmed.

ElevenLabs has taken some remedial steps — settling lawsuits from voice narrators, building consent checks, instituting a “no-go” list for certain public figures, and rolling out moderation tools — but remedy after the fact is no substitute for safety by design. It’s welcome that the company moved to protect artists and consumers, yet conservatives should demand accountability: if entrepreneurs want the freedom to build, they must accept the responsibility to prevent criminal misuse.

The startup is now commercializing licensed celebrity voices through a marketplace and has inked deals with recognizable names, a reminder that intellectual property and performer rights must be respected if this industry is to mature. Licensing deals can be a model for protecting creators while letting markets innovate — but only if agreements are clear, enforceable, and backed by penalties for bad actors.

This is a moment for conservative lawmakers and state attorneys general to stop posturing and start legislating sensible rules that protect consumers without throttling innovation. That means criminal penalties for voice-cloning fraud, mandatory verification for financial and emergency use cases, stronger civil remedies for stolen likenesses, and liability for platforms that knowingly host malicious deepfakes. The rule of law must catch up to technology so hardworking Americans and their families aren’t left to pick up the pieces.

We should applaud the grit of founders who turn ideas into profitable companies, but patriotism requires vigilance: protect our citizens, defend honest creators, and ensure the market rewards responsibility as much as it rewards brilliance. If conservatives push for common-sense accountability and let entrepreneurs compete under clear rules, America — and free markets everywhere — will remain the winners.

Written by Keith Jacobs

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