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Artificial intelligence is all about efficiency for Spotify.
The advertising business is a future growth area for Spotify (SPOT 0.20%), which will get a surprising boost from artificial intelligence. In this video, Travis Hoium covers what you need to know.
*Stock prices used were end-of-day prices of July 25, 2023. The video was published on July 26, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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