Spotify CEO Daniel Ek warns of ' obsolete' laws

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Spotify CEO Daniel Ek warns of ' obsolete' laws

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

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

Six months ago, Spotify's AI capabilities are not going to be the same as they are in a year or two years from now, Spotify co-founder said on the FT.

In the last 12 months, AI's capabilities have grown at an unprecedented pace, with DALL-E and ChatGPT leading the way with chatbots like DALL-E and ChatGPT.

Since becoming major tech competitors, like Google and Microsoft, major tech companies have entered the race to create generative AI models, building their own or investing in current chatbots.

Investors have also been inspired by the hype for AI-chip maker Nvidia's share price, which has surged by more than threefold since the start of 2023.

However, there are growing warnings that AI's unregulated growth could have severe consequences.

AGI, an AI technology with the ability to replicate human abilities and reasoning, is a top concern for researchers. The technology could be just a few years away, Google's chief executive, Larry D. Feldman, said in a statement.

More than 300 of the world's most prominent experts on AI, including OpenAI founder Sam Altman, called for immediate action to mitigate the risk of extinction from AI. The scientists said AI should be given the same priority as pandemics and nuclear war for its potential to wipe out humanity.

A couple of weeks before the release of that letter, former U.S. 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.

In addition to worries about AI's safety, there are other imminent dangers to the labor market. The technology, especially AGI, has the potential to make jobs in various industries obsolete.

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

regulatory authorities have responded to the widespread spread of the technology alongside these warnings.

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

In November, the U.K. will host the first global summit on AI with world leaders, announced a week after Altman and other experts expressed their concerns about the technology.

The contents of any laws governing artificial intelligence could soon become redundant, he said, adding that the content of any laws moving to rein in AI could soon become redundant.

The dovish side of AI's potential has landed on Ek. On a company earnings call in April, 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. He acknowledged there were new copyright concerns to be addressed following the release of the song titled Heart on My Sleeve by ghostwriter.

In September, he went on the issue with the BBC, saying that the platform would not ban artificially created music while accepting it would be 'tricky' to negotiate the new technology.

Spotify's representative told Fortune in September that the company was testing AI to translate podcasts into other languages. The technology will also mimic the voice of podcast participants like The Diary of a CEO's Steven Bartlett and Armchair Expert's Dax Shephard.