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Market Chatter: Spotify Co-Chief Executive Defends Expansion into AI-Generated Music

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Spotify Technology's (SPOT) Co-Chief Executive Alex Norstrom has defended the company's expansion into artificial intelligence-generated music, the Financial Times reported Tuesday.

Speaking at an interview, Norstrom said there have been "rogue attempts" at using AI tools to make music, adding that Spotify's "controlled" products offer a better alternative to the unregulated AI "slop" already spreading online, according to the report.

Norstrom's comments come after the company signed a deal with Universal Music to allow users to create AI-generated covers and remixes of songs from participating artists, the FT reported.

Spotify did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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