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☆ Only 2 in 5 teens are using ChatGPT, survey finds
▼ + stars: | 2023-10-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

40% of teenagers have used ChatGPT in the last six months, according to a Piper Sandler report. ChatGPT saw its traffic decline three months in a row until August, with summer break a possible cause. AdvertisementAdvertisementJust two in five teenagers have used ChatGPT in the last six months, according to a survey from Piper Sandler. On ChatGPT usage, it also pointed out a gender imbalance: 68% of the teens who have used OpenAI's chatbot are male. It found then that only 24% of the teens surveyed had used ChatGPT, of which almost three-quarters were male.

Persons: Piper Sandler, ChatGPT, —, Piper Sandler's, Similarweb Organizations: Service Locations: Northwestern

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. Birkenstock is the latest high-profile listing to put investor focus on the initial public offering (IPO) market, which is gradually reopening after two relatively quiet years and a burst of activity in September. Due to recent price hikes, worldwide footwear sales are expected to rise just 2.9% over 2022, according to market research firm Euromonitor International. AllBirds (BIRD.O), Dr Martens (DOCS.L), and On Running (ONON.N) have all seen their market value fall since their IPOs in 2021. "When you look at the trend of other shoe companies that have IPO-ed, it doesn't give a great outlook for Birkenstock," Valechha said.

Persons: Fabrizio Bensch, Birkenstock, Kellogg, Mamta, Cheviot, Valechha, Johann Adam Birkenstock, Barbie, Margot Robbie, Jessica Ramirez, Jane Hali, Siobhan Gehin, Roland Berger, Thomas Hayes, sneaker, Dr Martens, Allbirds, Alexandre Arnault, LVMH, Bernard Arnault, Matt Oguz, Iris, L, Ananya Mariam Rajesh, Helen Reid, Emma, Victoria Farr, Echo Wang, Abigail Summerville, Deepa Babington Organizations: REUTERS, LVMH, New York Stock Exchange, Euromonitor, Associates, Dick's Sporting, Reuters, Partners, Norges Bank Investment Management, Thomson Locations: Berlin, Germany, New York, London, Neustadt, United States, U.S, Cannes, Silicon Valley

☆ Trump gets kicked off Forbes 400 list of richest Americans
▼ + stars: | 2023-10-04 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —As Donald Trump scrambles to defend his business empire in court, the former president has suffered another blow: dropping off The Forbes 400 list of the richest Americans. Unlike the steady or growing fortunes of Forbes 400 leaders Elon Musk, Jeff Bezos and Larry Ellison, Trump’s net worth took a double-digit hit. Trump launched Truth Social in February 2022, envisioning it as a credible threat to Facebook and Twitter. Trump was previously booted from The Forbes 400 in 2021 and in 1990 when he faced severe financial stress. As Forbes notes, Trump “lied” to the magazine in a successful effort to make the Forbes 400.

Persons: Donald Trump scrambles, Trump, Elon Musk, Jeff Bezos, Larry Ellison, Forbes, Trump’s, Taj Mahal, Trump “, ”, “, Fred Trump, ” Forbes, John Barron, ” Jonathan Greenberg Organizations: New York CNN Business, Forbes, Facebook, McKinsey Global Institute . San, Whole Foods, Target, Nordstrom, Starbucks, Bank of America Center, Trump, Taj, Trump Castle Associates, Trump Organization, CNN Locations: New York, United States, McKinsey Global Institute . San Francisco, San Francisco, California, Manhattan, Americas, midtown Manhattan

☆ Microsoft technology chief says supply of Nvidia's AI chips is improving
▼ + stars: | 2023-09-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

"Demand was far exceeding the supply of GPU capacity that the whole ecosystem could produce," Scott told the Verge's Nilay Patel. Microsoft, like Google and other tech companies, has been quickly adding generative AI to its own products and selling the technology's capabilities to clients. Training and deploying the underlying AI models has mainly relied on Nvidia's GPUs, creating scarcity of supply. Nvidia expects to increase supply each quarter through next year, finance chief Colette Kress told analysts on last month's earnings call. Traffic to ChatGPT has declined month over month for three consecutive months, Similarweb said in a blog post.

Persons: Nilay Patel, Kevin Scott, Scott, OpenAi, we've, Patel, that's, Colette Kress, Similarweb, I'm, Doug Clinton Organizations: The Ritz, Carlton Laguna, Microsoft, Nvidia, Training, Qualcomm, PCs Locations: Dana Point , California, OpenAI

☆ Meta's Threads struggles to grow amid rivalry with Elon Musk's X, ranking ahead of only Tumblr
▼ + stars: | 2023-09-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Meta's Threads real-time messaging app is struggling to attract new users like it did during its blockbuster July debut. Insider Intelligence said it expects Threads to have 23.7 million U.S. users in 2023, far behind Facebook, Instagram and TikTok, which have 177.9 million, 135.2 million and 102.3 million users, respectively. When Threads debuted, it rapidly gained millions of users due in part to its easy sign-up process for existing Instagram users. "Threads received an initial boost from Twitter's missteps, but it can't rely on X defectors to continue to grow," Insider Intelligence principal analyst Jasmine Enberg said in a statement. "Assuming Musk doesn't backtrack, the move will likely alienate more X users and potentially increase advertiser interest in Threads," Enberg added.

Persons: Meta, Elon Musk, Jasmine Enberg, Musk, Benjamin Netanyahu, Enberg, Mark Zuckerberg, TikTok Organizations: Intelligence, Facebook, Insider Intelligence, Tesla, Israeli, CNBC

By comparison, its closest mainstream cousin, the Google-owned video service YouTube, has billions of monthly logged-in users, a spokesperson said. In an emailed response, they said the leaderboard rankings are generated from the most liked recent videos on the site. However, YouTube, unlike Rumble, has said it will continue to remove content that tries to deceive voters in the 2024 elections. The RNC said it was taken down to direct users to the debate livestream and avoid confusing viewers with multiple videos. Other comments on his recent videos told Trump to “execute” Democrats and suggested that someone should “build a lot of gallows.”Rumble said it removed those comments in response to AP's inquiry.

Persons: Ronna McDaniel, ”, Peter Thiel, Republican Sen, J.D, Vance of Ohio, Ron DeSantis, Vivek Ramaswamy, Donald Trump, Robert F, Kennedy Jr, Rumble, Joe Biden, Trump, Chris Pavlovski, Jared Holt, “ It's, Holt Organizations: Fox Business Network, Univision, GOP, Republican National Committee, Facebook, YouTube, Big Tech, RNC, Republican, Google, Florida Gov, Democratic, Meta, Associated Press, US, Institute for Strategic, AP Locations: London

☆ Google Connects A.I. Chatbot Bard to YouTube, Gmail and More Facts
▼ + stars: | 2023-09-19 | by ( Nico Grant | More About Nico Grant | ) www.nytimes.com time to read: +1 min

In March, Google released an artificial intelligence chatbot called Bard. It was Google’s answer to OpenAI’s hugely popular ChatGPT. Within weeks, Google revamped the tool with upgraded technology, but ChatGPT continued to be the chatbot that captured the public’s attention. On Tuesday, Google unveiled a plan to leapfrog ChatGPT by connecting Bard to its most popular consumer services, such as Gmail, Docs and YouTube. Though Bard has not received as much attention as ChatGPT, Google’s A.I.

Persons: Bard, ChatGPT, Google’s Organizations: Google Locations: Bard, Similarweb

☆ The summer is over, schools are back, and the data is in: ChatGPT is mainly a tool for cheating on homework.
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

When the summer began, ChatGPT traffic suddenly fell. One hypothesis stood out: Millions of students went on summer break, so they didn't need ChatGPT to cheat — er, I mean research. Back when summer began, online search interest in Minecraft jumped, while ChatGPT interest declined. Mark Shmulik, a top internet analyst at Bernstein, made this point at the start of the summer, when usage fell. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT, OpenAI's, they're, François, Mark Shmulik, Bernstein, OpenAI, Shakespeare Organizations: Service, Google Locations: Wall, Silicon, Minecraft

As it seeks to gain ground in the fast-moving AI space, Google is rolling out Bard Extensions, enabling users to import their data from other Google products. For instance, users could ask Bard to search their files in Google Drive or provide a summary of the user’s Gmail inbox. For now, Bard users will only be able to pull information in from Google apps, but Google is working with external companies to connect their applications into Bard in the future, Google senior product director Jack Krawczyk said. Another new feature in Bard seeks to alleviate a nagging problem for generative AI: inaccurate responses known as “hallucinations”. Bard users will be able to see which parts of Bard’s answers differ from and agree with Google search results.

Persons: Bard, OpenAI, ChatGPT, Jack Krawczyk, it's, ” Krawczyk, Anna Tong, Lisa Shumaker Organizations: Google, Microsoft, Gmail, Thomson Locations: San Francisco

☆ The next phase in AI is interactive bots that can carry out tasks for you, says the cofounder of Google's AI division DeepMind
▼ + stars: | 2023-09-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

"Generative AI is just a phase. What's next is interactive AI," said Mustafa Suleyman, the cofounder of Google DeepMind. His company, Inflection AI, launched its chatbot Pi as a rival to ChatGPT in May, focusing on personal advice and being conversational. For context, we are currently seeing the rise of generative AI tools that go beyond the chat interface popularized by ChatGPT in November. Suleyman and Inflection AI did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Mustafa Suleyman, Suleyman, ChatGPT, OpenAI, Ethan Mollick, Jasper Organizations: Google, Service, MIT Technology, ChatGPT, Investors, Wall Street Locations: Wall, Silicon

☆ Employees are increasingly getting 'AI Anxious' — they're worried about falling behind on AI and even pretending to be 'in the know' to colleagues
▼ + stars: | 2023-09-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

According to a new LinkedIn report, nearly half of the employees surveyed say they are worried they don't know enough about AI. Nearly 40% said they pretend they know more about AI to seem 'in the know' in front of colleagues. Nearly half, or 49% of the employees surveyed, said they are worried they should know more about AI than they do. Nearly 40% of those surveyed admitted to pretending they know more about AI to seem "in the know" in front of colleagues, per the report. As tools like ChatGPT seep into the workplace, workers have been worried about being replaced by AI.

Persons: Canada —, Goldman Sachs Organizations: LinkedIn, Service, International Labour Organization Locations: Wall, Silicon, Canada, twentyfold

☆ Twitter downloads hit lowest level in a over a decade as usage nears a yearly low under Elon Musk's ownership
▼ + stars: | 2023-09-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Twitter usage surged in the early days of Elon Musk's ownership. Twitter has gained usually 15 million to 30 million users a month since 2011, according to filings with the Securities and Exchange Commission. It gained just 10 million users between August and September of this year. So far in September, daily users are down to 249 million, a roughly 2% decrease since July when daily users were at nearly 253 million. Monthly users are down by about the same percentage, now at 393 million users from 398 million in July.

Persons: Elon Musk, Musk, Linda Yaccarino Organizations: Elon, Twitter, Securities and Exchange Commission Locations: Japan

☆ ChatGPT is losing some of its hype, as traffic falls for the third month in a row
▼ + stars: | 2023-09-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The number of visits to ChatGPT's website has fallen for three months in a row, per Similarweb. August marked the third month in a row that the number of monthly visits to ChatGPT's website worldwide was down, according to data from analytics firm Similarweb. In the US alone, visits to the ChatGPT website increased by 0.4% in August. Before Meta's Threads assumed the title in July, ChatGPT was the fastest-growing app ever when it reached 100 million users in two months. AdvertisementAdvertisementBut it's also being used in the workplace, with employees using ChatGPT to write code, do research, and improve time management.

Persons: ChatGPT, chatbot, David F, Carr, it's, OpenAI Organizations: Service, Reuters, Princeton Locations: Wall, Silicon, Similarweb, Stanford, Berkeley

☆ Meta's block on Canadian news content led to an increase in news app downloads and usage
▼ + stars: | 2023-09-08 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Now, many news outlets are seeing an increase in downloads and usage of their apps. Meta's decision to block user access to news in Canada is not having an entirely negative effect on the country's major publishers. The Globe and Mail in August saw a 98% increase in app downloads and a 27% increase in daily users; CTV News saw a 157% increase in app downloads and an 83% increase in daily usage; La Presse saw a 32% increase in app downloads and an 8% increase in usage; and The National Post's downloads were up almost 10%, with daily usage up 3%. Meanwhile, CBC News saw downloads and daily usage remain relatively flat. "In recent weeks, we have seen an increase in CTV News app downloads, which demonstrates the importance of having access to online news from a Canadian perspective."

Persons: Similarweb, Justin Trudeau, Meta, Kali Hays Organizations: Facebook, CBC, The Globe, Mail, CTV, Meta, Canadian, Global News, National, Canada, Globe and, Presse, Globe, CTV News, CBC News, Bell Media, Bell, Twitter Locations: Canada, Canadian, Globe, Europe, Germany, France, khays@insider.com, @hayskali

OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. Worldwide desktop and mobile website visits to the ChatGPT website decreased by 3.2% to 1.43 billion in August, following approximately 10% drops from each of the previous two months. U.S. ChatGPT traffic in August rose slightly, in concert with American schools being back in session. OpenAI also released the ChatGPT app on the iOS system in May, which could sap some traffic from its website. Besides ChatGPT, OpenAI makes money by selling access to its AI models for developers and enterprises directly and through a partnership with Microsoft, which invested over $10 billion into the company.

Persons: Dado Ruvic, ChatGPT, chatbot, David F, Carr, Similarweb, Bard chatbot, Bing, OpenAI, Anna Tong, Kenneth Li Organizations: REUTERS, Microsoft, Thomson Locations: San Francisco

☆ Social Media Is Dead: Instagram, TikTok Replaced by Group Chats, Messaging
▼ + stars: | 2023-08-30 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +15 min

Frustrated with the state of the platform, Breuning launched the "Make Instagram Instagram Again'' crusade in 2022. Influencers, marketers, average users, and even social-media executives agree: Social media, as we once knew it, is dead. Social media to social mediaNo app better defines the changing nature of social media than Instagram. "I'm honestly just tired of social media," said 23-year-old Walid Malb, who works in the creator economy. Amanda Perelli is a senior creator economy reporter covering social media influencers, advertising and marketing trends for Insider.

Persons: Tati, everyone's, Bruening, Breuning, algorithmically, Kylie Jenner, Adam Mosseri, Instagram, Jeffrey Gerson, Sarah Frier, Influencers, Mosseri, Hannah Stowe, Andrea Casanova, Casanova, I'm, Walid Malb, —, Gerson, Nina Haines, Victoria Johnston, Johnston, Lia Haberman, Alpha, they're, Haberman, wouldn't, Amanda Perelli, Bradley Organizations: Bloomberg, Apple, Twitter, UCLA, American Influencer Council, Social, . Locations: Instagram, New York, Similarweb, Castro, Geneva

☆ ChatGPT is becoming a certified cash cow with OpenAI on course to generate $1 billion in annual sales, report says
▼ + stars: | 2023-08-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

ChatGPT is set to become a $1 billion sales cash cow for OpenAI. The Information cited a source saying OpenAI will soon hit $1 billion in annual sales. It's a sign that AI tools like ChatGPT can be lucrative as businesses drive demand. AdvertisementAdvertisementOpenAI's prized possession ChatGPT is helping propel the company towards $1 billion in annual revenue as the boom in AI demand from businesses drives a sales bonanza, according to a new report. Developers using the AI model at the heart of ChatGPT say it's getting dumber.

Persons: OpenAI, Carlyle, Similarweb, ChatGPT, hoover Organizations: Morning, Microsoft, Enterprise, ChatGPT, Amazon, The New York Times

Another analytics firm, Data.ai, likewise told Reuters that its data was not showing any meaningful change to usage of the platform in Canada in August. Both Meta and Alphabet's Google have said the law is unworkable for their businesses. Even before Meta pulled the plug on news links in Canada, Facebook referrals to a sampling of popular news sites in Canada were already down about 35% year-over-year in July and about 74% since 2020, according to Similarweb. Meta's other big social platform Instagram is less of a presence in the news environment as it does not enable links within individual user posts. Canada's new Heritage Minister Pascale St-Onge has spoken to both Facebook and Google since taking office after a cabinet shuffle at the end of July, her office told Reuters.

Persons: Dado Ruvic, Data.ai, Similarweb, Meta, Pascale St, Onge, Katie Paul, Steve Scherer, Ismail Shakil, Kenneth Li, Nick Zieminski Organizations: Facebook, REUTERS, Meta, Similarweb, Reuters, Graphics, Google, Reuters Institute, Pew Research Center, Thomson Locations: Canada, United States, New York, Ottawa

☆ Here’s what Donald Trump’s return to X could mean for the platform’s business
▼ + stars: | 2023-08-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

Trump’s return appeared to be welcomed by X owner Musk, who has been encouraging politicians and public figures to post on the site in a bid to improve user numbers. If Trump decides to return to regularly posting on X, it could be a major boon to the platform’s effort to attract an audience as it faces increased competition. Trump’s return “should have a positive impact on [X’s] engagement at a time when it needs it,” D.A. What’s more, after making his return to X, Trump appeared to try to clarify where his loyalty lies. !” Trump posted on the X competitor platform.

Persons: Elon Musk, Donald Trump’s, Trump, Trump’s, Musk, ” D.A, Davidson, Tom Forte, Linda Yaccarino, –, ” Forte, ”, ” Trump Organizations: New, New York CNN, Twitter, Republican, CNN, Nazi, Trump, Facebook Locations: New York, Georgia, Washington

☆ Meta rolls out web version of Threads
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Aug 22 (Reuters) - Meta Platforms (META.O) said on Tuesday it was launching the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X, formerly Twitter. Threads' users will be able to access the microblogging platform by logging-in to its website from their computers, the Facebook and Instagram owner said. Meta CEO Mark Zuckerberg said in a Threads post that the web version would reach users "over the next few days." Meta's Threads app logo is seen in this illustration taken July 4, 2023. The company will be adding more functionality to the web experience in the coming weeks, Meta said.

Persons: Mark Zuckerberg, Dado Ruvic, Meta, Yuvraj Malik, Katie Paul, Shweta Agarwal Organizations: Facebook, REUTERS, Thomson Locations: Bengaluru, New York

☆ Meta to soon launch web version of Threads in race with X for users
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

Meta Threads app logo is seen in this illustration taken, July 6, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 20 (Reuters) - Meta Platforms (META.O) is set to roll out the web version on its new text-first social media platform Threads, hoping to gain an edge over X, formerly Twitter, as the initial surge in users waned. The widely anticipated web version will make Threads more useful for power users like brands, company accounts, advertisers and journalists. Meta did not give a date for the launch, but Instagram head Adam Mosseri said it could happen soon. It will soon roll out an improved search that could allow users to search for specific posts and not just accounts.

Persons: Dado Ruvic, Meta, Adam Mosseri, Mosseri, Yuvraj Malik, Gokul, Christian Schmollinger, Arun Koyyur Organizations: REUTERS, Street, Thomson Locations: Bengaluru

☆ Threads to launch web version, one of its largest updates yet
▼ + stars: | 2023-08-21 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +2 min

Threads, X's main competitor, will introduce a web version soon, WSJ reported. The web-based Threads is being tested internally, according to Instagram head Adam Mosseri. "We've been using an early version internally for a week or two," Mosseri said in a Threads comment. According to their data, on its highest traffic day, July 7, there were 49 million daily active users worldwide on Androids; the next week, there were only 23.6 million active daily users. As Threads attempts to catch up with X, more updates have been promised by Mosseri and Meta CEO Mark Zuckerberg in recent weeks, including improved search capabilities.

Persons: Instagram, Adam Mosseri, Mosseri, Mark Zuckerberg Organizations: Service, Street Journal, Mosseri Locations: Wall, Silicon

☆ Elon Musk admits X 'may fail, as so many have predicted'
▼ + stars: | 2023-08-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elon Musk seemed to suggest that his takeover of X, formerly known as Twitter, could be doomed. The billionaire said Saturday that X "may fail," but that the company would try to succeed. Elon Musk appeared to admit that his $44 billion takeover of X could be doomed. The owner of the platform formerly known as Twitter said Saturday that X "may fail." "We may fail, as so many have predicted, but we will try our best to make there be at least one."

Persons: Elon Musk, Meta, Mashable's Matt Binder, X, Monica Lewinsky, Linda Yaccarino, — Monica Lewinsky, Fidelity, X didn't Organizations: Twitter

☆ Threads is rolling out new features, including one that lets users see their likes, as the platform tries address a huge user slump
▼ + stars: | 2023-08-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Threads is rolling out some new features amid a user slump. Threads is rolling out some new features in an apparent attempt to lure back some of its users. Meta has added more Twitter-like features to the app, including one that allows users to see what posts they've liked. Zuckerberg has been pushing for new Threads features to improve retention rates. Meta's chief product officer, Chris Cox, also said the company was working on "retention-driving hooks" to boost daily user rates, per Reuters.

Persons: they've, Mark Zuckerberg, Zuckerberg, Chris Cox Organizations: Morning, Meta, Android, CNN, Reuters

☆ Threads user count falls to new lows, highlighting retention challenges
▼ + stars: | 2023-08-03 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The data from market research firms Similarweb and Sensor Tower highlight the challenges facing Meta as it seeks to exploit the opening created by the chaos surrounding Twitter’s management. Threads’ daily active user count is down 82% from launch as of July 31, according to Sensor Tower, with just eight million users accessing the app each day. On its launch day, Threads users opened the app an average of 14 times and spent an average of 19 minutes scrolling through it, the company reported. The steepest drop-off occurred in the two weeks immediately following Threads’ launch. According to Sensor Tower, Threads’ daily active user count is still falling at a rate of roughly 1% per day.

Persons: Abe Yousef, David Carr, Mark Zuckerberg, ”, we’re, Zuckerberg Organizations: DC CNN, Twitter, Similarweb Locations: Washington

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