📰 News: Spotify CEO Hints At New AI-Powered Features for Personalization and Ads

During Spotify's Q2 earnings call, CEO Daniel Ek suggested introducing AI-driven features to enhance the streaming service. He mentioned the potential for AI to create personalized experiences, summarize podcasts, and generate ads.

Earlier this year, Spotify rolled out a DJ feature offering curated music and AI-generated spoken commentary based on users' preferences. Spotify CEO, Daniel Ek, revealed that more AI-powered functionalities are in the pipeline to enhance personalization and contextuality throughout the streaming service.

Expanding on the potential applications of AI, Ek suggested its implementation in Spotify in the following ways.

1. Spotify plans to use generative AI in summarizing podcasts, boosting consumer engagement and creator growth.

2. AI-driven audio ads will be used to enhance Spotify's efficiency and reduce advertiser costs.

3. Spotify explores a patent for an emotional and intentional AI "text-to-speech synthesis" system.

4. Spotify seeks to expand beyond its current AI-powered DJ feature by adding a few AI-powered sentences between songs.

5. The AI-driven text-to-speech synthesis system can offer natural-sounding narration for audiobooks and more.

6. Additionally, Spotify disclosed a price increase for its premium plans in the US. The individual premium plan will now be $10.99 per month instead of $9.99. The duo plan will cost $14.99 instead of $12.99, and the family plan will be priced at $16.99 instead of $15.99.