Breaking news

UAE Embarks On 2031 National Investment Strategy To Boost Annual Foreign Inflows

The UAE has set a bold vision with its National Investment Strategy 2031, targeting an elevation in annual foreign investment inflows from AED112 billion ($30.5 billion) in 2023 to AED240 billion ($65.4 billion) by 2031. His Highness Sheikh Mohammed bin Rashid Al Maktoum highlighted the strategy’s goal to transform the UAE into a premier global investment hub. Aiming to swell the foreign direct investment stock from AED800 billion to AED2.2 trillion, this strategy focuses on key sectors: industry, financial services, transport and logistics, renewable energy, and telecommunications.

Key Initiatives And Economic Contributions

The approved strategy includes 12 new programs and 30 distinct initiatives, such as the Financial Sector Development and the Investment Offices Promotion Incubator. Currently, foreign direct investment contributes significantly to the GDP, with predictions to increase its share to over 30% of the total investments by 2031.

Dive deeper into the global market shifts in Wall Street Tumbles Amid Trade Tensions.

Technological And Digital Advancements

The strategy outlines the UAE’s vision to become a digital economy powerhouse by 2031, intending to enhance the digital economy’s current contribution to GDP from 9.7% to 19.4%. The Industrial Technology Transformation Index (ITTI) will also play a pivotal role in gauging technological advances and sustainability practices.

The introduction of a remote work system and the launch of the National Green Certificates Program further highlight the UAE’s efforts to harness global talent and promote sustainable development.

Spotify To Label AI-Generated Artist Identities And Limit Their Reach

Spotify is introducing a new “AI Persona” label for artist profiles that appear to represent AI-generated identities, while limiting how music from those profiles is surfaced across the platform.

The new labels will begin appearing in September, as Spotify expands its efforts to distinguish between real artists, AI-generated identities and music created with AI tools.

What The AI Persona Label Means

Artists will be able to identify themselves as AI Personas through Spotify for Artists starting August 11. However, Spotify said it will not rely solely on self-disclosure.

The company will also review artist profiles where names and images appear to depict photorealistic AI-generated identities. The initial review will focus on profiles that have reached predefined audience thresholds, allowing Spotify to prioritise more widely heard artists.

Once applied, the “AI Persona” badge will be visible on artist profiles, in Search and alongside tracks in playlists.

AI Personas Will Be Excluded From Recommendations

By default, Spotify will not include labeled AI Personas in its editorial or algorithmic recommendations. Their music will also be excluded from personalised recommendations.

There is one exception: users who deliberately follow an AI Persona can still receive its music in their recommendations. Spotify considers following an artist an explicit indication that a listener wants to hear more from that profile.

The company will also introduce a reporting tool that allows users to flag profiles they believe represent AI Personas but have not yet been labeled.

The Label Applies To The Artist, Not The Music

Spotify stressed that the new designation concerns an artist’s public identity rather than whether their music was made using AI.

Artists can use AI in different ways as part of the creative process, and the company will continue providing information about how individual tracks were created through features such as AI Credits and SongDNA.

Artists will also be able to appeal an AI Persona label if they believe it has been applied incorrectly.

Spotify Tightens Its Approach To AI Music

The new policy builds on Spotify’s broader efforts to address AI-generated content. The company previously introduced systems to identify and label AI music using industry-standard techniques and banned unauthorised AI voice clones and deepfakes.

At the same time, Spotify continues to develop AI-powered products, including Prompted Playlists, AI DJ and its AI-powered music assistant.

The company is also preparing to introduce AI-generated remixes and covers following recent licensing agreements with UMG and Merlin. The new AI Persona labels are intended to help users distinguish those features from profiles that present themselves as AI-generated artists.

Spotify’s move comes as the music industry grapples with the rapid growth of AI-generated content and concerns about low-quality material flooding streaming platforms.

eCredo
Aretilaw firm
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter