![]() ![]() Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. ![]() Backtested performance is not an indicator of future actual results. Further, with an average share price of $132.35, it has 14.26% upside potential.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Analyst consensus calls Spotify stock a Moderate Buy. Though Spotify has to compete with YouTube, analysts are still behind it. Spotify seems determined to make a better-streaming music platform. In the same week that Spotify rolled out its AI DJ, Alphabet ( NASDAQ:GOOG) added a feature to YouTube Music that would allow users to make their own customized radio stations. It also offers commentary about each individual track in what Spotify assures is “…a stunningly realistic voice.” Perhaps most noteworthy, it can even select new songs and adjust its delivery based on what the user does and doesn’t like. It allows for ultimate user curation, learning the user’s taste in music and then developing playlists accordingly. On the surface, the new service-dubbed DJ-does what a lot of other services have been doing for years. How? By offering up a DJ on its platform that’s wholly AI-driven. In fact, there are signs that Spotify ( NASDAQ:SPOT), the music streaming service, is planning to make the move into being an AI stock as well. Users will also be able to listen to featured short commentary on the songs and artists that have been specifically picked for the user.If it’s starting to seem like AI is out to take over every facet of life, well, you’re probably not too far wrong. Once a user taps on the Play button the app will compute the user's listening preferences and music taste to curate a playlist that matches the same. The feature appears in the form of a card that carries the play on DJ button. ![]() ![]() The feature can be accessed via the Music Feed section on the Home page of Spotify's mobile app. The feature is currently available on beta versions of both Android and iOS Spotify apps.Īccording to an official announcement by the Swedish audio streaming and media services provider, a new AI DJ feature has been made available on Spotify's beta app for Android and iOS. The feature is currently rolling out in beta, and could soon be expected to make its way to wider audiences through a stable release. The newly introduced feature will allow users to receive automatically curated playlists that are based on the user's music listening preferences, taste, and history. Spotify has announced the addition of an artificial intelligence-powered DJ feature. ![]()
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