OpenAI’s Revenue Surge: 75% from Consumer Subscriptions with ChatGPT Hitting 250 Million Weekly Active Users
October 30, 2024 – According to a report by Bloomberg, OpenAI generates approximately 75% of its revenue from consumer subscriptions, as disclosed by the company’s Chief Financial Officer, Sarah Friar. The consumer strategy of OpenAI revolves around its ChatGPT product, which offers a monthly subscription starting at $20. The report indicates that OpenAI has successfully…
German Automotive Industry Faces Job Losses of Up to 186,000 by 2035 Amid Transition
October 30, 2024 – According to a recent study published by the German Association of the Automotive Industry (VDA) on Tuesday, the transformation of the German automotive industry could potentially result in the loss of up to 186,000 jobs by 2035, with approximately a quarter of those positions already eliminated. The study, conducted by Prognos…
Alphabet Reports $263.01 Billion Net Income in Q3, Up 34% YoY
October 30, 2024 – Alphabet, the parent company of Google, today released its financial results for the third quarter of fiscal year 2024, ended September 30. The report revealed that the tech giant achieved a total revenue of 882.68billion,markinga15766.93 billion reported in the same period last year. When adjusted for currency fluctuations, the growth rate…
Microsoft Hits Back: Google Accused of Manipulating Regulators and Public Perception
October 29, 2024 – In a recent 1500-word blog post, Rima Alaily, the Deputy General Counsel of Microsoft, accused Google of using unfair tactics to undermine Microsoft. Alaily detailed multiple instances where Google attempted to discredit Microsoft through competition regulators, policymakers, and by misleading the public. Despite Google’s offer of a nearly $500 million settlement,…
Apple Intelligence Set to Launch in the EU by April 2025
October 29, 2024 – Apple has announced today that it plans to roll out its Apple Intelligence feature to iPhone and iPad users in the European Union in April 2025. This move will enable EU-based customers to experience the company’s new suite of AI-powered tools, including a smart writing assistant, Genmoji, and an enhanced version…
Meta Takes on OpenAI with Development of Proprietary AI Search Engine
October 29, 2024 – According to a report published by The Information on October 28th, Meta is currently developing an AI-powered search engine. This move is aimed at reducing the company’s reliance on Microsoft and Google, while also allowing it to keep pace with OpenAI’s advancements in the field of artificial intelligence. The report reveals…
Google Extends AI-Driven Search Result Summaries to 100+ Markets, Reaching 1 Billion Users
October 29, 2024 – Google announced in a blog post yesterday (October 28th) the expansion of its AI Overviews in Search feature to over 100 countries and regions worldwide, reaching a global audience of 1 billion monthly active users. Initially launched in the United States in May of this year, and later extended to select…
BYD SHARK 6 Electric Pickup Makes a Splash in Southeast Asia, Debuts in Cambodia
October 29, 2024 – On October 26th, BYD held the launch event for its new electric pickup, the BYD SHARK 6, in Cambodia. The company also introduced its DM technology, which stands for plug-in hybrid technology, marking a significant milestone in the automotive industry’s shift towards sustainable mobility. According to reports, BYD had initially unveiled…
OpenAI Introduces sCM: A Revolutionary 50x Faster AI Text-to-Image Solution
October 28, 2024 – This week, OpenAI unveiled a novel AI text-to-image solution named sCM (Continuous-Time Consistency Model), marking a significant breakthrough in the field of artificial intelligence. Unlike traditional diffusion models, which often require tens to hundreds of gradual denoising steps to produce high-quality samples, sCM boasts a remarkable increase in efficiency, claiming to…
Intel CEO Expresses Frustration Over Delayed Chip Act Funding
October 28, 2024 – According to a report by The New York Times, Intel CEO Pat Gelsinger has expressed “frustration” over the delay in disbursement of funds from the U.S. government under the Chips and Science Act. Gelsinger and U.S. Commerce Secretary Gina Raimondo recently sat for an interview to discuss issues related to the…