Spotify boss Daniel Ek has urged the UK government to use its freedom outside the EU to introduce new rules that would reduce the dominance of big tech companies. In an interview with the Financial Times, Ek also said that development of artificial intelligence would be “super important” but raised concerns that regulations made now would quickly become obsolete because of the speed at which the technology was changing. The Spotify co-founder and chief executive has been in the UK to lobby ministers about the Digital Markets, Competition and Consumers Bill, which is being considered in parliament.
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Spotify, Wells Fargo , ResMed, and Agora.
The music industry has a long history of adapting quickly to new technology, Warner Music Group's CEO said.