NVIDIA's Fugatto is a research preview of an AI model designed to revolutionize audio creation and manipulation by allowing users to generate, transform, and combine music, voices, and sounds using text and audio inputs. While Fugatto promises innovative capabilities like creating dynamic soundscapes, designing unique sound effects, and generating new speech samples, it remains in the research phase without a public release date. In contrast, ElevenLabs offers a production-grade audio AI solution already available, excelling in Text-to-Speech technology with support for over 70 languages, emotional intelligence, and high-quality, human-like speech. ElevenLabs also provides precise sound effect generation and is recognized for its reliability and professional-grade output, making it a leading choice for content creators. While Fugatto shows potential for experimental audio projects and game development, ElevenLabs currently stands out as the more practical and specialized option for voice and sound effect generation.