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- 🎧 Spotify Paid $10 Billion To Music Industry
🎧 Spotify Paid $10 Billion To Music Industry
Bringing its total payouts to nearly $60 billion since its launch

Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.
Here’s what’s on the horizon today:
Spotify paid out $10 billion to the music industry in 2024
UPS to cut Amazon volume by more than 50%
OpenAI partners with US National Laboratories on research
DeepSeek could face trademark challenges in the US
Let’s dive in!
STORIES MAKING A SPLASH
BUSINESS
Spotify paid out $10 billion to the music industry in 2024

Spotify revealed it paid $10 billion to the music industry in 2024, bringing its total payouts to nearly $60 billion since its launch. This move aims to counter criticism that it doesn't properly compensate artists. The company emphasized that these payouts include money for various partners, like publishers, not just the artists themselves.
With over 500 million paying music streaming customers globally, Spotify holds 252 million subscribers, though 60% are on the free, ad-supported tier. Spotify’s VP of Music Business, David Kaefer, pointed out that the growth of the streaming industry is just beginning, with a potential future of 1 billion paying listeners worldwide.
The platform contributes significantly to global streaming revenue, with over 10,000 artists earning more than $100,000 annually through Spotify, a sharp increase from 2014 when just 10,000 artists made $10,000 per year.
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BUSINESS
UPS to cut Amazon volume by more than 50%

UPS is scaling back its business with Amazon, planning to reduce shipping volumes by over 50% by the second half of 2026. CEO Carol Tomé explained that while Amazon is UPS' largest customer, it isn’t the most profitable.
In 2024, Amazon accounted for about 11% of UPS' $91.1 billion revenue, down from 13.3% in 2020 during the pandemic. UPS had already hinted at a reduction in Amazon-related business in 2023 as revenue from the retailer continued to decline.
As Amazon grows its in-house delivery options, relationships with external partners like UPS have become more strained. This echoes FedEx’s 2019 decision to sever ties with Amazon, ending its ground-delivery contract, shortly before Amazon restricted third-party sellers from using FedEx for ground shipments.
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AI SPECIAL
AI SPECIAL
OpenAI partners with US National Laboratories on research

OpenAI is strengthening its ties with the US government, announcing it will provide 15,000 scientists at US National Laboratories access to its latest AI models. In partnership with Microsoft, OpenAI will deploy its o1 model on the Los Alamos National Laboratory’s Venado supercomputer.
The AI will assist researchers in areas like protecting the power grid from cyberattacks, advancing disease treatment, and exploring physics. OpenAI stressed that this collaboration continues the tradition of government-private sector partnerships to drive progress in healthcare, energy, and other critical fields.
Controversially, OpenAI’s AI will also support nuclear weapons-related work, including reducing nuclear war risks and securing nuclear materials. The company emphasized its commitment to national security, with use cases carefully reviewed by security-cleared researchers.
AI SPECIAL
DeepSeek could face trademark challenges in the US

Chinese AI company DeepSeek has found itself in a trademark dispute in the U.S. After applying to trademark its AI chatbot products, it discovered that Delson Group Inc., a Delaware-based firm, had already filed for the “DeepSeek” trademark just 36 hours earlier.
Delson Group claims to have been selling DeepSeek-branded AI products since 2020. Its CEO, Willie Lu, who shares a university background with DeepSeek’s founder, is a semi-retired Stanford consultant with a focus on wireless technology. He also offers a course on "AI Super-Intelligence" in Las Vegas, charging $800 per ticket.
With nearly 30 years of experience in ICT and AI, Lu’s background has made the trademark conflict more complex. His company’s use of the "DeepSeek" name could significantly impact DeepSeek’s U.S. branding efforts.
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