Spotify's Daniel Ek Steps Down as CEO Over AI Drone Investment
Spotify's founder Daniel Ek is stepping down as CEO, with Gustav Soderstrom and Alex Norstrom set to take over as co-chief executives next year. Ek's decision follows a wave of criticism over his investment in German AI drone company Helsing, which has led artists like Massive Attack to remove their music from the platform in protest.
Ek, who founded Spotify in 2008, has led the company's growth to over 276 million subscribers across 184 markets. However, his recent investment in Helsing, a company developing AI-controlled combat drones, has drawn criticism from artists and fans alike. The investment is part of Ek's broader focus on technology startups in defense, health, and AI sectors through his venture firm Prima Materia. In response, several artists, including Massive Attack, have pulled their music catalogues from Spotify in protest.
From January 1, 2023, Ek will transition to the role of executive chairman. Soderstrom, currently co-president and chief product and technology officer, and Norstrom, currently co-president and chief business officer, will become co-chief executives. This change aims to provide more focus and leadership as Spotify continues to grow and navigate industry challenges.
Daniel Ek's departure as CEO and the appointment of Soderstrom and Norstrom as co-chief executives mark a significant shift in Spotify's leadership. While Ek's investment in Helsing has sparked controversy, the company remains committed to its mission, with over 7,000 employees working to deliver music and podcasts to millions of users worldwide.
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