The Council of Europe (COE) has introduced a groundbreaking AI safety treaty, the Framework Convention on artificial intelligence and human rights, democracy, and the rule of law, which has been signed by the United States, United Kingdom, European Union, and other countries. This legally binding international agreement ensures AI systems adhere to human rights standards, with the treaty opening for signature in Vilnius, Lithuania. The treaty is the first of its kind and aims to guarantee that AI technologies align with ethical guidelines and uphold principles of democracy and the rule of law.
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Spotify slashed nearly €500M in marketing, R&D spending, and general administrative expenses in 2024, which helped the company swing to a net income of €1.1B (Financial Times)
Spotify reported a net income of €1.1B in 2024 after cutting €500M in marketing, R&D, and administrative expenses, solidifying its position as a market leader in music streaming. The company's strategic cost reductions have given it a significant competitive edge over its competitors, signaling a successful shift towards profitability and sustainability in the industry. Spotify's newfound financial stability reflects its ability to adapt and innovate, showcasing its resilience and market dominance. Full Article
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