In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Gustav Söderström, Co-President, CPO, and CTO of Spotify, about Spotify's approach to innovation, particularly regarding AI, and its business strategies. Gustav discusses how Spotify is adapting to the age of generative AI by focusing on creating a more symmetric information exchange with users, as exemplified by their AI Playlist feature. He also details Spotify's structured "bets process" for allocating resources, the importance of synchronized team execution, and the company's unique position as the R&D department for the music industry. The conversation explores Spotify's business model evolution, its relationship with the music industry, and its expansion into podcasts and audiobooks, emphasizing the company's commitment to providing valuable and nutritious content to its users.
