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Spotify announced Thursday that it will be partnering with Sony Music Group, Universal Music Group , Warner Music Group , as well as independent licensing agency Merlin and digital music company Believe, to create "responsible" artificial intelligence products.

Although the company did not confirm any specific AI tools in development, Spotify said in a release that it is making "significant investments in AI research and product development," including a new AI research lab and product team.

"AI is the most consequential technology shift since the smartphone, and it's already reshaping how music is created and experienced," co-president Gustav Söderström said in

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