Euronext Paris-listed Deezer has announced that it was building a set of cutting-edge tools to help identify AI-generated music. The music streaming service said the initiative was designed "to ensure that the future of music streaming is transparent and fair."

"In a world where AI generated music is quickly taking off, Deezer expands its commitment to help artists monetise their music better, fight fraud, and create a better user experience for fans," said the platform in a blogpost.

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Spotify Technology is cutting down 200 jobs at its podcast division, representing about 2% of the music streaming company's total workforce, as part of restructuring of the division, following years of heavy investment.

Earlier this year, Spotify already lost 6% of its workforce, including Dawn Ostroff, who is credited for aggressively building the company's podcast business. Sahar Elhabashi, VP, Head of Podcast Business, said in a blogpost that Spotify is embarking on "the next phase" of i...

Atlantic Equities analyst Hamilton Faber has downgraded Warner Music Group to Neutral from Overweight, and in the process lowered the price target to $26 from $39 per share, due to concerns about the impact of artificial Intelligence (AI)-powered music and a slowing down of music streaming adoption.

In a note to investors, Faber explained: "Over the past six months, there have been two key developments 1) loss of streaming share means recorded music streaming revenues are growing slower than...