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Spotify targets 1 billion listeners by 2030

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Spotify has its eyes on 1 billion listeners by 2030, as concerns grow about the brand’s profitability

Spotify investors are raising concerns about the audio market’s opporunities.

The company is seeking to expand globally, and is looking at audiobooks, education, sports and news.

The company is seeking to become a business 10 times its current size, and generate U.S. $100 billion in revenue with a 40 per cent gross margin annually.

Chief Executive Daniel Ek is seeking to combat the notion of Spotify being a “bad business”.

“That’s why we’re investing so aggressively in building not only a bigger but, we’re thinking, a much more profitable business.”

DANIEL EK, SPOTIFY CHEIF EXECUTIVE

The company says it will go after the audiobook market as it has pursued podcasts. Spotify has also previously sought to tackle false information, after the Joe Rogan scandal.

The stock’s price was up nearly 6 per cent in trading on Wednesday.

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Jamaal Bowman: TikTok gives free speech for 150 million people

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The Congressman says there is too much hysteria around the social media platform

U.S. Congressman Jamaal Bowman says there’s too much hysteria when it comes to social media platform, TikTok.

The Congressman argues the app has given a voice to millions of people, as well as empowering diverse communities.

“Our first Amendment right allows people to speak freely and communicate freely,” Bowman said outside the steps of Capitol Hill. “TikTok as a platform has created a community for free speech, for over 150 million people.”

TikTok is currently set to be banned on government-owned devices, due to concerns over the data it collects.

There are reported links between the app owner, ByteDance, and the Chinese Communist Party.

But Bowman argues all social media platforms have been ‘dishonest’ with the data of their users.

“Let’s not be dishonest with ourselves,” he continued. “Let’s not be racist and xenophobe towards China when it comes to TikTok.

“American companies have done tremendous harm towards American people.”

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What does the A.I. future look like?

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The pandemic has accelerated the need for integrated technology

Pretty soon, you’ll be able to ask a virtual assistant to transcribe meeting notes, summarise long email threads and even turn a Word document into a PowerPoint presentation in seconds.

Technology and the software development that comes along with it have revolutionised our world and daily life.

On top of all of this, the challenges of the global pandemic and its aftermath have accelerated the need for integrated technology solutions at a pace never seen before.

Over the past few weeks alone, a rapidly evolving artificial intelligence landscape has seemed to jump forward at a rate not seen before.

So what does an AI future look like?

Alex Iceman from Genium joined us to discuss.

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Building the framework for Apple’s App Store

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Where do you begin to create one of the most used phone programs in the world?

Imagine your boss comes to you with this great idea. A screen that’s a phone, that will change our entire lives.

The way we consume media, the way we connect. To do so, we have these tiny little things called Apps. Millions of them.

But you’re tasked with creating the framework that becomes the App store.

We speak to one of the former Apple employees who helped to build the App store – Phillip Shoemaker.

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