Spotify
While running pilot tests, Spotify worked closely with such podcasters as Dax Shepard, Monica Padman, Lex Fridman, Bill Simmons, and Steven Bartlett to generate AI-powered voice translations in several languages.
Adyen published its slowest growth for a half-year since 2018 and lost $20 billion of its market valuation as shares also fell 39%.
Spotify’s Q2 2023 figures shows a strong quarter as its revenue and monthly active users both beat the company’s guidance.
As TikTok expands its music offerings with the launch of its streaming service, it enters the highly competitive market currently dominated by established music streaming giants like Spotify and Apple Music.
In addition to the series of layoffs, Spotify was forced to cancel 11 original podcasts from its in-house studios including ‘How to Save a Planet’, ‘Crime Show’, and ‘Medical Murders’.
The integration of Spotify with NFT projects including Moonbirds has helped its stock rally more than 80 percent YTD.
A person familiar with the matter revealed that UMG has been sending out requests “left and right” to take out songs generated by AI.
Spotify carries out a series of tests like the new token-enabled music playlists to explore how to offer better user experience to customers.
For the fourth quarter of the last year, Spotify reported 3.17 billion euros ($3.43 billion) in revenue, which is 18% up from the year-earlier period.
Following its October headcount reduction, Swedish streaming giant Spotify looks to another layoff round to remain profitable.