Spotify acquires Podz to build the world’s best podcast discovery experience

Innovation Strategy

Spotify has purchased a startup called Podz that could make it easier to find new podcasts to listen to on the platform.

Podz chooses a clip using its machine learning model, which was trained on more than 100,000 hours of audio in consultation with journalists and audio editors.

This acquisition marks yet another sign of Spotify’s ambition to corner the podcasting market, and audio entertainment in general — just yesterday, Spotify debuted Greenroom, its live audio Clubhouse rival.

Spotify said it will integrate Podz’s technology into its service and that listeners will see elements of its technology before the year ends. 

Source: Engadget

Read more at https://engt.co/2S8Np2L