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The feature is called ‘Stories’ and will generate summaries based on user tweets and not traditional news articles.

TECH NEWS : YouTube has begun widely rolling out its new AI-powered "Jump Ahead" feature to Premium subscribers. The feature, which was first tested in March, allows users to skip to the most popular parts of a video based on watch data and machine learning.

Daniel Ek, the co-founder of Spotify Technology SA (NYSE:SPOT), has recently sold 650,000 company shares through two transactions, marking a significant increase in stock sales compared to previous years. The series of sales, valued at about $179 million, represents Ek’s strategic financial planning despite still holding a 7% stake in Spotify, a significant component of his $4.4 billion net worth. Spotify’s stock has risen significantly, increasing by 267% since late 2022, according to Bloomberg

Spotify reported strong Q1 earnings with revenue of $3.95B, beating expectations. Analysts raise price target and predict growth in 2024.

First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.