Alphabet sees drop in core Google advertising revenue
In the final quarter of 2023, Alphabet, the parent company of Google, reported a significant miss in predicted advertising revenue, which triggered a more than 5% drop in Alphabet stock during after-hours trading. Despite narrowly surpassing overall revenue predictions at $86.31 billion, compared to the expected $85.36 billion and marking a 13% YoY increase, the […]
Apple announces big changes to comply with Digital Markets Act in the EU
Apple has revealed a series of changes to iOS, Safari, and the App Store in the European Union (EU) to align with the Digital Markets Act (DMA). The modifications encompass over 600 new APIs, extended app analytics, options for alternative browser engines, and new features for payment processing and app distribution for developers. While these […]
Will Generative AI transform the retail space?
Earlier this month, Google Cloud unveiled a series of new AI and generative AI-powered technologies that the company hopes will improve the retail experience. But, will they work and who will benefit? Let’s take a look. What has Google Cloud announced? Google made a series of announcements prior to NFR 2024, the retail industry’s largest […]
Google adds new ‘Circle to Search’ feature to Android phones
Google has introduced a new feature called “Circle to Search,” aiming to enhance the search experience on Android phones. This innovation allows users to search for information without having to switch between apps. The feature is designed to be intuitive, enabling users to perform searches with simple gestures like circling, highlighting, scribbling, or tapping. With […]
TikTok signs new Six Nations Rugby 2024 sponsorship deal
TikTok has been announced as the Official Fans of both the Guinness Men’s and Women’s Six Nations Championships, offering the TikTok community an exclusive partnership into the 2024 Guinness Six Nations. The collaboration also serves to promote online safety through TikTok’s #SwipeOutHate campaign, which runs concurrently with both championships. The campaign’s primary objective is to […]
AI to have significant impact on 40% of global jobs, says head of IMF
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that artificial intelligence (AI) is expected to impact 40% of jobs globally, with advanced economies facing greater risks of disruption. According to the IMF’s analysis, around 60% of jobs in advanced economies like the US and UK are exposed to AI, and half […]
OpenAI launches dedicated GPT Store to buy and sell specialised chatbots
OpenAI has introduced the GPT Store, a marketplace within its ChatGPT ecosystem, where paid users can buy and sell customised chatbot agents based on the company’s language models. While the paid ChatGPT Plus service already provides customised bots, the GPT Store expands opportunities for users to offer and monetise a wider array of specialised tools. […]
OpenAI comes under pressure from both EU and New York Times
Microsoft’s significant investment in OpenAI, a ChatGPT developer, may undergo scrutiny by the European Union (EU) as officials consider whether it falls under the reviewable scope of merger regulations. Microsoft is the largest minority investor in OpenAI Global LLC, a subsidiary controlled by OpenAI Inc, the non-profit majority owner. While Microsoft’s investment, delivered as cloud-computing […]
Meta is spending billions on VR, but competition is coming
Although Meta is reportedly spending billions of dollars per quarter building the metaverse, which Mark Zuckerberg believes is the future of his company, sales of VR headsets and AR glasses in the U.S. have plummeted nearly 40% in 2023. However, in spite of these glum figures, Zuckerberg’s dream of a futuristic virtual reality world is […]
TikTok launches new campaign to focus on Search
TikTok announces the start of a new advertising campaign called “It Starts on TikTok,” which highlights the platform as a source of information in what is a shift towards Search, in what is seen as a direct challenge to Google. The new campaign emphasises the diverse journeys that begin with a simple search on TikTok, […]
Alphabet announces drop in core Google advertising revenue
In the final quarter of 2023, Alphabet, the parent company of Google, reported a significant miss in predicted advertising revenue, which triggered a more than 5% drop in Alphabet stock during after-hours trading. Despite narrowly surpassing overall revenue predictions at $86.31 billion, compared to the expected $85.36 billion and marking a 13% YoY increase, the […]
Threads given green light to launch across Europe
Meta’s Threads app, often dubbed a “Twitter killer,” expanded its reach with an official launch in the European Union. The app, owned by Meta, initially debuted in July 2023 and rapidly gained over 100 million users within its first week, despite facing a subsequent decline in active users. The launch in the EU was delayed […]