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AI In The Music Industry: A Blessing Or A Curse?

Emdee Jabr, Senior Music Producer at Anghami believes the technology can improve workflows, but cautions the replacement of human creativity.

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ai in the music industry a blessing or a curse

During Riyadh’s recent XP Music Futures conference, delegates and industry thought leaders delved into some fascinating discussions surrounding the future of music production. Of particular interest was the topic of artificial intelligence and how AI tools could be integrated into the creative process of music production in new and innovative ways.

One notable attendee of XP Music Futures was Emdee Jabr, Senior Music Producer at Anghami. The industry professional has over a decade of experience and recently shared his thoughts on the emergence of artificial intelligence technology within the music industry.

Emdee believes that although AI can offer unique possibilities for musicians and producers, such as automated composition and intelligent sound processing, it lacks emotional depth. However, the Anghami producer does acknowledge that AI can significantly accelerate production workflows.

“[AI can help by] automating tasks, improving efficiency, and providing data-driven insights. However, it faces challenges in replicating human creativity, making it crucial to strike a balance between automation and human intuition to achieve a successful and innovative outcome”.

Although it’s clear that AI can work as a powerful production assistant, it seems to Emdee and other professionals that its full integration into the creative process is still very much a work in progress. The technology also raises several legitimate concerns.

Also Read: Best Music Streaming Services In The Middle East

“On the negative side of AI, concerns arise regarding job displacement, potential homogenization of artistic expression, and the risk of over-reliance on technology, potentially diluting the human touch and intuition in art. The key is finding a balance that maximizes the benefits while preserving the unique aspects of human creativity”.

As a music producer, it’s clear that Emdee Jabr sees AI as a tool still in its beginning stages. The producer is keen to emphasize the importance of utilizing human creativity and using AI for inspiration rather than entirely replacing songwriters, musicians, and producers.

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Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

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paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

Also Read: Zoho Expands Qatar Operations & Releases New Survey Data

The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.

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