But Ek in a statement announcing the investment touted Europe’s “tremendous opportunity to lead in building dynamic AI systems in an ethical, transparent, and responsible manner.”Įarlier this month, Spotify and Peloton expanded their partnership, and Spotify in its Q3 2021 earnings report revealed that it had cracked 172 million paid users worldwide – with 400 million monthly active users (MAUs) in sight. In this episode, I sit down with Prajit Nanu, CEO & Co-Founder of Nium, a billion dollar fintech building global payments infrastructure supporting 100 currencies across 190+ countries. Predictably, considering that this vocal criticism was directed towards a music-streaming service’s AI plans, some social-media users are expressing concerns about the potential pitfalls associated with selling AI defense systems to governments. Tech-focused non-profit Access Now, having previously come out against the “terrifying patent,” called on Spotify’s leading stakeholders to denounce the described system. Last week, Spotify faced renewed criticism over a different patent yet, which outlines technology that would analyze the “emotional state” of users’ voices (as well as background noises) and recommend music accordingly. (Despite its decidedly recent rollout, Helsing was valued at roughly €400 million/$460.52 million in the raise.)Īnd on this front, Spotify has secured a number of patents related to AI technology, including but not limited to a “spoken words analyzer” that automatically evaluates, tags, and classifies songs based upon their lyrics – besides a system designed to target listeners with “nostalgia metrics.” Needless to say, that Ek – who’s now part of the Helsing board – has dropped over $100 million on an artificial-intelligence company that debuted just months ago appears to reflect his strong interest and confidence in AI’s long-term potential.
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