In today's ExchangeWire news digest: the EU warns X it must adhere to disinformation laws; Reddit reveals plans to pay top contributors; and Daniel Ek confirms Spotify will not ban all AI-generated music.
X warned by EU over disinformation
EU authorities have told X owner Elon Musk that the platform must adhere to new laws on fake news. The warning follows a report by the European Union which found X has a higher ratio of disinformation than any other large social media platform.
Reddit to pay users for popular posts
Reddit has announced plans to pay users for popular posts. The site will split its revenue with posters who are awarded “gold” by other users. The announcement is a marked change for Reddit, which experienced significant backlash in June for its controversial API changes.
Spotify won’t ban all AI-generated music, says Ek
The CEO of Spotify has said the site will not issue a widespread ban on all AI-generated music. Daniel Ek asserted that, although AI should not be used to impersonate artists, it does have some valid uses, such as autotune. Earlier this year, Spotify removed an AI-generated song which imitated the voices of The Weeknd and Drake.
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Fact of the Day
24,000 – the number of pieces of fake content removed from LinkedIn during the first half of 2023.