An Azure service that integrates speech processing into apps and services.
Yep - AFAIK, you can use audio generated with Azure Speech Studio’s free tier for commercial purposes such as narrating a YouTube video, provided you comply with Microsoft’s license terms and usage policies.
The free tier (for example, the 500,000 characters per month for text-to-speech) is a pricing tier, not a separate non-commercial license. Microsoft does not restrict commercial usage based on whether you are using the free tier or a paid tier. What matters is that you are using the service in accordance with the Microsoft Product Terms and the Azure Cognitive Services terms of service. Those terms allow commercial use of the generated audio output.
You do not owe royalties to Microsoft for the audio you generate. However, you are responsible for ensuring that your content complies with applicable laws and platform rules (for example, YouTube’s policies), and that you respect any specific voice usage restrictions. Some voices, especially certain branded or limited-preview voices, may have additional use limitations, so you should verify that the specific voice you are using does not carry extra restrictions.
The relevant licensing terms are in Microsoft’s Product Terms for Azure. Azure Cognitive Services, which includes Speech Services, is covered here:
https://www.microsoft.com/licensing/terms/productoffering/MicrosoftAzure/MCA
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hth
Marcin