TNB Tech Minute: Spotify’s Expenses Jump On New AI Features
Summary
Spotify’s user base grew to 777 million, but operating expenses rose 19% due to marketing and AI investments. Wells Fargo plans to launch tokenized deposits for corporate clients this fall, enabling 24/7 blockchain-based fund transfers. Additionally, defense startup Anderil Industries is in advanced talks to build a drone boat production site at a Maryland port.
Topics discussed
Intro and TNB Tech Minute welcome
Spotify user growth and rising AI costs
Wells Fargo launches tokenized deposits
Anderil Industries drone boat production site
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