Trevor Noah, Dax Shepard, Steven Bartlett Will Sound Natural In Spanish, French, German — Spotify Tests New AI Feature
Portfolio Pulse from Benzinga Neuro
Spotify Inc. (NYSE:SPOT) is testing an AI feature that translates and mimics podcast hosts’ voices into various languages. The feature is part of Spotify's continued investment in the podcasting sector, despite the company's struggle to attain profitability. The company's podcast ad sales rose by €22 million ($23.3 million) in the first half of this year, with the second quarter ad revenue increasing 30% year over year.
September 26, 2023 | 1:32 am
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Spotify's new AI feature could potentially drive growth in its podcasting business, despite the company's struggle to attain profitability.
Spotify's investment in AI technology for translating podcasts could potentially attract a wider audience and increase ad revenues, which could positively impact the company's stock in the short term.
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