Spotify is leveraging artificial intelligence, including integration with OpenAI's ChatGPT, to improve music and podcast discovery through natural language prompts. Features like the Interactive DJ and Prompted Playlists allow users to customize their listening experience beyond traditional feedback methods. These AI-driven innovations help Spotify maintain user engagement and create high switching costs, making it harder for subscribers to move to competitors like Apple or Amazon. The company also addresses AI-created music transparency by working with creators to include metadata on how tracks are made.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
