[TL;DR] Tech news that you shouldn’t miss this 05/03

by bold-lichterman

Every evening, the best of Tech news is in the TL; DR of FrenchWeb.

TL; DR (invariable acronym) (21st century): initials of too long; didn’t read,
either literally too long ; not read
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.

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After its IPO, Spotify passes the mark of 75 million paying subscribers. Between January and March, Spotify’s operating loss reached 41 million euros, compared to 87 million euros in the fourth quarter of 2017.

Why this is important: After having incurred 1.24 billion euros in losses in 2017, Spotify is finally reducing its losses. There is still a long way to go to profitability for the music streaming service, however. The solution for Spotify would be to monetize the music it offers online. However, the Swedish platform depends on content that does not belong to it. At the same time, between January and March, Spotify won 4 million additional paying subscribers. At the same time, the service gained 9 million more subscribers for its free offering. This, which now has 99 million subscribers in total, will also evolve to offer a little more freedom on the platform to users. On a global scale, Spotify must notably face Apple Music, which currently has 40 million paying subscribers.

Summer Digest 2018 what happened in Tech this summer
Daniel Ek, CEO of Spotify. Credits: Spotify.

Telegram cancels its public ICO. The company has already raised 1.7 billion dollars from private investors.

Why this is important: Several reasons are put forward to explain the decision taken by Telegram. The first is that the company would have simply already raised enough money to carry out its project. In his white paper, Telegram plans to spend “only” $ 400 million over the next three years. The second reason could be that by not carrying out the public part of its ICO, Telegram is falling under the radar of the SEC, the US federal regulator of financial markets, which wants more control of these types of transactions.

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Faced with Alexa and Google Assistant, SoundHound raises $ 100 million from Orange and Tencent. The company will expand its international presence, opening new offices in China, France and Germany.

Why this is important: SoundHound is developing “Houndify”, a platform to inject conversational intelligence into products such as robots, household appliances or even cars, and thus control them from the voice. Houndify allows the company to broaden its reach to compete with Amazon Echo or Google Home smart speakers. To date, more than 60,000 partners have registered on the Houndify platform since its launch in December 2015 and more than 1,000 products are now powered by the solution.

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Credits: Shutterstock.

Samsung still dominates smartphone sales. Apple, however, managed to narrow the gap a little with a 2.8% increase in its market share.

Why this is important: Samsung remains the leader in the global smartphone market, taking 23.4% of the market, or 78.2 million smartphones shipped, despite a 2.4% drop in the first quarter of 2018 compared to the same period last year. Although its two flagships, the S9 and S9 +, started shipping late in the quarter, early sales helped contain Samsung’s overall annual decline. But the positive impact should above all be felt on the figures for the second quarter.

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Credit: Mahony Shutterstock