Spotify CEO Daniel Ek sounds alarm on AI regulation

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Spotify CEO Daniel Ek sounds alarm on AI regulation

Spotify's CEO, Daniel Ek, has consistently voiced his cautious tone on urgent demands for AI regulation, warning that any laws implemented now would quickly become obsolete.

Ek argued that the speed of change in AI's capabilities meant it was difficult to build laws that would stand the test of time.

In six months ago, Spotify's artificial intelligence capabilities are not going to be the same as they are in a year or two years from now, Spotify's co-founder told the FT.

The impact on AI's capabilities has been remarkable in the past 12 months, with DALL-E and ChatGPT being among the most successful chatbots that have been launched by OpenAI.

In an effort to create generative AI models, Google and Microsoft have entered the competition to create their own AI models, building their own or investing in current chatbots.

Investors have been enraged by the hype surrounding AI chipmaker Nvidia's share price, which has surged nearly threefold since the start of 2023.

However, there are growing warnings that the unregulated growth of AI could have severe consequences.

The advancement of AI, or AGI, has the potential to replicate human capabilities and reasoning. This technology may be just a few years away, the CEO of Google's Deepmind said.

In May, more than 300 world-leading experts on AI- including OpenAI founder Sam Altman called for urgent steps to mitigate the risk of extinction from AI. The experts also argued that AI should be given the same priority as pandemics and nuclear war for its potential to wipe out humanity.

A few 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.

Alongside worries about AI safety, more imminent threats have surfaced to the labor market, including fears about the safety of AI. The technology, particularly AGI, could have the potential to make jobs in different industries obsolete.

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

The technology's widespread spread with these warnings has resulted in a fierce response from regulatory authorities.

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 proposed regulation, which has been approved in June, will differ depending on the specific AI's perceived risk profile.

The UK will host the first global summit on AI with world leaders in November, Altman and other experts said in a statement.

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

Ek's abilities have landed him on the dovish side of AI's potential. On a company earnings call in April, Ek said the technology could be 'huge for creativity' after the viral song made from the AI-cloned voices of Drake and The Weeknd hit the platform. The release of the song, titled Heart on My Sleeve by ghostwriter, has raised new copyright issues to be addressed.

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

Spotify's representative said in September that Spotify is in the process of using AI to translate podcasts into other languages. The technology's aim is to imitate the voices of podcasters like The Diary of a CEO and Armchair Expert's Dax Shephard.