Not only is Spotify padding their library with AI-generated crap, they’re cashing out now before people find out and take action. According to the article and its sources, Daniel Ek sold shares worth ~$348.3 Million dollars in just this year alone. Remember he’s the CEO who caused a backlash earlier this year for saying the cost of producing music as an artist was almost zero. Now we know why - because he truly thinks using generative AI to make music produces just as good music as that of real artists - when it comes to lining his pocketbook, that is.
Not only is Spotify padding their library with AI-generated crap, they’re cashing out now before people find out and take action. According to the article and its sources, Daniel Ek sold shares worth ~$348.3 Million dollars in just this year alone. Remember he’s the CEO who caused a backlash earlier this year for saying the cost of producing music as an artist was almost zero. Now we know why - because he truly thinks using generative AI to make music produces just as good music as that of real artists - when it comes to lining his pocketbook, that is.