AUDIO USER BASE
Spotify India narrows net loss in FY23
Spotify India LLP's net loss declined 26% to ₹344 crore in FY23. Revenue rose 86% to ₹167 crore while expenses fell 9% to ₹504 crore. Subscriptions increased 66%, ad revenue 91%. Entered India 2019, contends with JioSaavn, Amazon Prime Music, and Apple Music. Globally, Spotify has 615 million users. Data from Tofler; FY24 unfiled.
In depth: AI builds a bridge to the last mile
Kishan Pal, a 43-year-old farmer from Bijnor district in Uttar Pradesh, uses AI-based voice payments to instantly send money to his mother, Savitri, in Ballia, UP.
How an Israeli firm tried to build anti-BJP narrative during polls
OpenAI claims to have disrupted an AI-based covert operation launched by an Israeli firm that allegedly peddled anti-BJP agenda. In 2021, the BJP government drew flak after Israeli spyware Pegasus was allegedly used to snoop on journalists, Opposition leaders and rights activists
Explainer: What's new in Copilot+ PC?
A new breed of PCs made for the AI era is set for launch on June 18.
Is that 'Her'? OpenAI pauses a ChatGPT voice after some say it sounds like Scarlett Johansson
In a post on the social media platform X Monday, OpenAI said it is "working to pause" Sky - the name of one of five voices that ChatGPT users can chose to speak with. The company said it had "heard questions" about how it selects the lifelike audio options available for its flagship artificial intelligence chatbot, particularly Sky, and wanted to address them.
UPI’s rural push; India as software IPO destination
Happy Wednesday! The country’s central bank wants more rural users to log into Unified Payments Interface (UPI). This and more in today’s ETtech Morning Dispatch.
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The rise of Airchat & growing debate over navigating Internet with voice: can it gain momentum?
Voice input technology faces challenges despite widespread adoption in internet products. Smart speaker shipments decline, while the voice recognition market is poised for significant growth. Users with visual disabilities encounter accuracy issues with voice commands.
Spotify says Apple has rejected its app update with price information for EU users
The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday.
ET Explainer: How Airchat works, and what its relaunch means for the social audio segment
Naval Ravikant and Brian Norgard have relaunched Airchat, a voice-centric social media app, which is quickly gaining popularity. The app focuses on audio recordings, and has currently opened access on an invite-only basis. Airchat aims to offer a unique user experience in the social audio segment.
Google unveils Arm-based chip in fight with rivals to make cloud computing more affordable
The new custom silicon chip processor, which is already powering YouTube ads, Google Earth Engine and other Google services, will become available for customers later in 2024.
WhatsApp outage shakes India: Users react with hilarious memes
The recent WhatsApp outage in India left users unable to access the app on both web and mobile platforms for over an hour. Social media platforms buzzed with humorous memes and jokes under the hashtag #WhatsAppdown. WhatsApp promptly responded, assuring users of restoration efforts, and acknowledged the global impact of the outage.
Pocket FM’s fresh fundraise likely to value audio streaming startup at $1.2 billion
ADIA and others in talks to join new round; secondary share sale also in the works, said people in the know. The latest funding round discussions come on the back of its $103 million raise announced by the company on Wednesday.
How India is using the Internet
India has over 820 million active internet users, with more coming from rural areas. The number of non-active internet users is declining. Women lag behind men in internet usage. Video and audio OTT consumption is popular. Non-traditional devices are being used. One in four online shoppers in urban India shop from social media apps.
OTT audio, video services driving internet usage in India: report
According to the Internet in India Report 2023, rural India is driving use cases across OTT, communications, social media, online gaming, net commerce, digital payments, and online learning, accounting for more than 50% of the user base for each.
Audio series user base in India projected to reach 540 million by 2027: Redseer report
The audio series user base in India is projected to reach 540 million by 2027. The growth is driven by the democratization of creator visibility and selection process, compelling storytelling, immersive user experience, and high user engagement. Monetization opportunities through advertising and subscriptions are significant, contributing to higher revenue.
Best-selling Headsets in India 2024 - Top 10 picks in headphones for an immersive audio experience
Embark on a journey of unparalleled audio excellence with the best-selling headsets in India for 2024. Immerse yourself in crystal-clear sound, cutting-edge technology, and ergonomic designs that redefine your audio experience. From gaming marathons to work calls and music bliss, these headsets have secured their spot at the top, offering a perfect blend of style, comfort and top-notch performance.
Vocal TikTok users navigate a quieter app
Because of a licensing rift between the platform and Universal Music Group, which releases music by Playboi Carti, Taylor Swift, Drake, Ariana Grande and others, TikTok confirmed Thursday that it had deleted music by Universal artists from its library and muted previously published videos that used those songs.
Byju’s losses at nearly $1 billion; Swiggy tests higher fee for users
The company is talking to investors to raise around $100 million through a rights issue, which may value the startup at anywhere between $500 million to $1 billion.
Rahul Tyagi on deepfakes and ways to avoid video and audio fraud
In our company we have told our finance team if they get a video call from me, there is a safe code word which I need to tell you, even if it is emergency or anything unless and until I will not give that safe code to you do not believe in the video also. As of now, this trick is working very well because whenever something will happen. The same thing applies in a family situation too."
23 going on 24: Making sense of a chaotic yet colourful year for India's tech sector
From 15.4 billion downloaded games to 138.08 crore people covered by Aadhar, India's tech sector had an eventful 2023. ET takes a look at the top 23 moments from 2023.
Pocket FM claims global listener base of 130 million
As per Pocket FM's 'Rewind2023: How India Got Entertained This Year' report, the platform had more than 100,000 hours of content, with users spending over 115 minutes daily.
WhatsApp working on new feature to let users share music during video calls
This upcoming feature, currently in development for both iOS and Android platforms, will allow participants in a video call to collectively enjoy music while screen sharing is active.
81% of people engage with audio entertainment daily: Pocket FM consumption survey
The survey found that one in three users expressed a distinct preference for storytelling owing to its engaging and immersive format. It added that the triggers driving this growth were convenience which influenced every fourth user.
Snap’s Evan Spiegel on growing beyond 200 million users in India; Banks woo fintechs to push gold loans
Snap CEO Evan Spiegel elaborated on his plans for India, his vision for artificial intelligence (AI) and augmented reality (AR) in the days ahead, and much else, in a free-wheeling talk with ET. This and more in today’s ETtech Morning Dispatch.
How Elon Musk changed the meaning of Twitter for users
It has been one year since Elon Musk bought Twitter. Since then, the meaning of the social media service has changed — sometimes drastically — for many of the people who use it.
The language revolution: How tech tools, audio content, and AI-powered models are shaping our communication skills
The heavy reliance on autocorrect and predictive typing tools like Autocomplete has led to a decline in people's spelling abilities, according to software engineer Sayani Bhattacharjee, podcaster Abbas Momin, and marketer Nona Uppal. Tech companies are now developing language learning models to adapt to this trend. The writing enhancement software market is valued at $351 million globally, with Grammarly being one of the leading tools.
ET Startup Awards 2023: Nominees for Bootstrap Champ
The Bootstrap Champ will have demonstrated the ability to win customers and earn revenue for at least a year. It should possess the potential to scale into a large enterprise.
Instagram working on feature to create audio notes
Meta had first introduced 'Notes' on Instagram in December last year which helped users to share their thoughts and see what their friends are up to.
Indian smartwatch brands turn to price cuts to gain market share
The price war between smartwatch makers is most evident in the lower end of the market, which is where most companies have been launching most of their new products over the last year.
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