Spotify

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Spotify CEO’s startup for AI-powered preventive healthcare raises €60M

Spotify founder and CEO Daniel Ek’s preventive healthcare startup just received a very strong vote of confidence from venture capitalists. Earlier today, Neko Health announced it had raised €60mn in a round led by Lakestar and backed by Atomico and General Catalyst.

The funds will be put towards expanding the concept outside of the company’s native Sweden, where it currently operates a private body-scan clinic. 

Neko Health, named after the Japanese word for cat, was founded in 2018 by Ek and Hjalmar Nilsonne. After much secrecy, its first clinic opened in February this year in Stockholm. Within two hours, it was fully booked out and 5,000 people were placed on a waiting list. 

“I’ve spent more than 10 years exploring the untapped potential of healthcare innovation,” Ek said in a statement. “We are dedicated to building a healthcare system that focuses on prevention and patient care, aiming to serve not just our generation, but those that follow.”

3D body scans

At the clinic, people go through a 3D full-body scan in a minimalist booth that would not look out of place in an episode of Star Trek, fitted with dozens of sensors and powered by, you guessed it, artificial intelligence. In particular, algorithms can immediately detect potential skin conditions and risk of cardiovascular disease. 

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Patients (are they still called that in preventative care?) also go through laser scans and an ECG, which, altogether, takes between 10 and 20 minutes. They may not be met by Bones himself after the examinations, but their results are looked over and explained by an actual, human, doctor. 

“We have our own nurses, doctors and specialists,” Nilsonne told Bloomberg. “We have dermatologists employed just to review the skin images. There is a doctor on site who can make qualified medical judgments for anything that comes up.”

The price for a Neko Health assessment is €250, and the company has performed over 1,000 scans since launch. Close to 80% of customers have reportedly prepaid for follow-up scans after a year. 

AI does indeed hold great potential for disease prevention and early detection — but only if the results are interpretable. It is unclear how much insight Neko Health physicians have into how the algorithm makes its predictions (as in, which factor contributes to the risk of cardiovascular disease so the patient/client can be better informed about what measures to take).

Purpose and ambition

One of the company’s backers is Skype co-founder and founder of Atomico, Niklas Zennström, who will also be taking a seat on the board. He sees enormous potential in the new venture from the man who essentially changed how we consume music. 

“Neko Health is exactly the type of mission that gets us excited at Atomico. It’s that rare combination of a firm with a purpose and outsized ambition, and founders with a world class track record,” Zennström said. “They’re solving a problem we can all relate to, with the potential to fundamentally transform global healthcare forever.” 

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Spotify cracks down on AI-generated music streaming fraud

Spotify cracks down on AI-generated music streaming fraud

Linnea Ahlgren

Story by

Linnea Ahlgren

According to Spotify founder Daniel Ek, the value of a company is “the sum of the problems you solve.”

The problem of bot farms playing the same tracks over and over to manipulate streaming data may not be entirely new. However, as generative AI tools become increasingly mainstream, it is taking on a new dimension for the music industry. 

This will require streaming service providers to vigilantly predict and plan ahead not to be left playing a game of reactive whac-a-mole, desperately beating down issues as they arise. Otherwise, apart from dealing with obvious copyright controversies, they may end up paying large sums of money for millions of bot-boosted “fake streams.” 

According to a report in the Financial Times, Universal Music Group (UMG), which controls about a third of the global music market, has been sending takedown requests “left and right.” Stockholm-headquartered Spotify has obliged – at least to some degree. 

Last week, the music streaming giant temporarily ousted hundreds of thousands of songs generated on the AI platform Boomy. The California-based startup’s tool lets users create tracks by picking from a selection of styles, such as Lo-Fi or EDM, and then customise them and either record or add vocals, before uploading them to streaming services. 

However, this is not a case of making Drake rap on your track – the vocals must belong to the user. As such, the tracks were not greyed out because of copyright infringement concerns, but due to the discovery of widespread “suspicious listening activity.” 

Meanwhile, this does not mean that Spotify has completely blocked Boomy users and forbidden them from uploading new tracks. Indeed, the AI platform announced this weekend that “Boomy artists” had their curated delivery to the streaming giant re-enabled.

We are pleased to share that curated delivery to Spotify of new releases by Boomy artists has been re-enabled.

Supporting our artists and creators who use the Boomy platform is our top priority, and we greatly appreciate your patience these past few days.

— Boomy – Create AI Music (@boomy) May 6, 2023

Reportedly, the two sides are still in negotiations over the reinstatement of the rest of Boomy’s catalogue. 

Fake stream farms an industry-wide issue

Spotify’s crackdown is part of an ongoing battle against bot streaming farms. Essentially, this is when a bunch of digital devices are logged in on various platforms, and simply play music 24 hours a day, often playing the same track over and over again. 

Obviously, this impacts the number of listens, directly generating revenue for the owner of the track. Meanwhile, it also affects data driven features such as charts and playlists. 

According to the streaming giant, “Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out across our service.”

Earlier this year, France’s Centre National de la Musique (CNM) released a study on music streaming fraud, in which Spotify participated. However, CNM called out other major streaming platforms Apple, Amazon, and YouTube as “unable or unwilling” to take part in the study.

The first-of-its-kind study established that, in France, in 2021, between one and three billion streams, at least, were false, i.e. between 1% and 3% of total listening. Of course, plenty has happened since.

The CNM says it will launch a new study into the matter in 2024, which may better reveal the implications of the recent revolution in access to generative AI  – and the ability of Spotify to mitigate it.

Grimes stands alone in the pro-AI camp

Over the past few months, the music streaming market has experienced a significant rise in AI-generated tracks. According to Boomy, its users have already “created” more than 14 million songs. 

Services such as those provided by Boomy, Aiva, and Soundful leverage machine learning to allow users to generate unlimited tracks and even monetise their creations on streaming platforms, to the chagrin of artists, producers, distributors, and other industry stakeholders. 

Grimes has launched an AI platform specifically for people to use her voice to make new music, stating that “Copyright sucks. Art is a conversation with everyone that has come before us. Intertwining it with the ego is a modern concept. The music industry has been defined by lawyers, and that strangles creativity.”

Needless to say, she is quite the exception in her pro-generative AI stance in the global artist community. 

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