Spotify (NYSE: SPOT) has been dabbling with artificial intelligence for a long time, but investors got some confirmation recently about what it will be building. In a podcast last week, Bill Simmons said ad reads could get a local element from artificial voices like his own. In this video, Travis Hoium covers what Simmons said and what it could mean for the stock.
*Stock prices used were end-of-day prices of May 19, 2023. The video was published on May 22, 2023.
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Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends 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.
