Technology

58303 readers

12 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

298

Man Arrested for Creating Fake Bands With AI, Then Making $10 Million by Listening to Their Songs With Bots (futurism.com)

submitted 2 months ago by [email protected] to c/[email protected]

46 comments fedilink hide all child comments

An alleged scammer has been arrested under suspicion that he used AI to create a wild number of fake bands — and fake music to go with them — and faking untold streams with more bots to earn millions in ill-gotten revenue.

In a press release, the Department of Justice announced that investigators have arrested 52-year-old North Carolina man Michael Smith, who has been charged with a purportedly seven-year scheme that involved using his real-life music skills to make more than $10 million in royalties.

Indicted on three counts involving money laundering and wire fraud, the Charlotte-area man faces a maximum of 20 years per charge.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 months ago (1 children)

Not that it justifies what Spotify are doing, but the terms they have with the big record companies make it virtually impossible for them to increase their margins through other means. They lose $500m a year as it is.

[–] [email protected] 2 points 2 months ago

i understand entirely, it just felt like a good opportunity to say how spotify is trying to enlarge their size of the moneypie by eating out of hardworking musician's cut and simultaneously filling user's playlists with bloat