As podcasts change into a rage, Swedish music streaming firm Spotify has acquired a startup referred to as Podz for an undisclosed sum.

Spotify mentioned that it acquired Podz, a small, gifted staff of entrepreneurs, engineers and designers, to assist make the expertise even higher.



Powered by state-of-the-art machine studying expertise, Podz generates high-quality clips that give customers the chance to preview key moments from podcast episodes, encouraging them to find and take heed to new podcasts.
“This functionality, mixed with Spotify’s 2.6 million podcasts on the platform, learnings from our work in music discovery, and present investments in podcast advice, will take podcast discovery to the subsequent stage,” the corporate mentioned in an announcement on Thursday.

Podz just lately raised $2.5 million in pre-seed funding and celebrities like Katie Couric and Paris Hilton are additionally among the many traders.

Spotify mentioned it has had machine studying specialists centered on enhancing audio discovery for nearly a decade, however there may be extra work to be accomplished.

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“We consider that Podz’ expertise will complement and speed up Spotify’s centered efforts to drive discovery, ship listeners the appropriate content material on the proper time, and speed up progress of the class worldwide,” the corporate famous.

The corporate now plans to combine Podz’ expertise into the Spotify expertise, and listeners ought to begin seeing components of that work earlier than the top of the yr.

Spotify has additionally debuted Greenroom, its dwell audio Clubhouse rival.

Increasingly more firms at the moment are investing in Podcast streaming.

Apple Podcasts Subscriptions now permit creators to host bonus content material and ad-free variations of their exhibits, in alternate for a month-to-month subscription.

Apple Podcasts Subscriptions at the moment are obtainable for listeners in additional than 170 international locations and areas.

In accordance with reviews, Fb is planning to roll out its podcast product on June 22. The social media community can be probably so as to add a brand new characteristic that can permit listeners to create clips from their favorite exhibits.

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