Spotify CEO Daniel Ek warns AI laws could become obsolete

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Spotify CEO Daniel Ek warns AI laws could become obsolete

Spotify's CEO, Daniel Ek, has issued a cautious tone on urgent calls for AI regulation, warning that any laws implemented now would quickly become obsolete.

Ek said that the sheer speed of change in artificial intelligence meant it was challenging to build laws that would stand the test of time.

Spotify co-founder, Daniel Ek, said AI capabilities are not going to be the same as they are in a year or two years from now.

The popularity of chatbots such as DALL-E and ChatGPT has led to a significant growth in AI's capabilities in the last 12 months.

Google and Microsoft have joined the race to create generative AI models, building their own or investing in current chatbots.

Investors have been pushing the stock market for Nvidia's share price, which has surged almost three times since the beginning of 2023, as a result of the hype.

However, there have been increasing warnings that the unregulated growth of AI could have severe consequences.

AGI, a technology that has the ability to mimic human ability and reasoning, is being developed by experts in the field of artificial generative intelligence. That technology may be just a few years away, said Google's CEO, Dr. John DeLiott.

More than 300 of the world's most respected experts on AI-- including OpenAI founder Sam Altman-- called for immediate moves to mitigate the risk of extinction from AI in May. In a statement, the experts said AI should be given the same priority as pandemics and nuclear war for its potential to wipe out humanity.

A few weeks before that letter, former US Secretary of State Henry Kissinger said AI had the same potential as nuclear weapons to start a new era of Cold War-style tensions between the US and China.

The labor market has been exposed to more imminent dangers, including worries about the safety of AI. The technology, particularly AGI's technology, has the potential to make jobs in various industries obsolete.

A new trend called 'fear of being obsolete' is being used to reflect a Gallup survey, which shows nearly one in four Americans fear having their jobs replaced by AI.

The technology's widespread use alongside these warnings has resulted in a swift response from the regulatory authorities.

The AI Act, a world first in technology, seeks to create barriers around the AI sector to ensure its safety and transparency. The regulation, enacted in June, will fluctuate based on the specific AI's perceived risk profile.

The United Kingdom will host the first global summit on AI in November, a week after Altman and other experts expressed their concerns about the technology.

Ek, however, said the contents of any laws moving to rein in AI could soon become redundant.

Ek, himself, has landed on the dovish side of AI's potential. Ek said the technology could be 'huge for creativity' after a viral song made from the AI-cloned voices of Drake and The Weeknd hit the platform in April. He also acknowledged there are new copyright concerns to be addressed following the release of the song titled Heart on My Sleeve by ghostwriter.

In September, he resigned and said the platform would not ban artificially created music while accepting it would be 'tricky' to negotiate the new technology.

Spotify's representative for Fortune said in September that the company was exploring the possibility of using AI to translate podcasts into other languages. The idea is that the technology could imitate the voice of podcast participants like The Diary of a CEO and Armchair Expert's Dax Shephard.