It’s safe to mention that Elon Musk’s X platform loves making edits, but not all of them are appreciated.
A while back, the company chose to remove headlines from its posts featuring links. But now, the latest edit has brought them back. However, don’t get too excited because there are still a few changes, meaning it’s not the same as before.
The news was first confirmed by media outlet The Verge which saw the ordeal arise on the internet where both headlines and title pages of the websites pop up across pictures linking such pages.
Therefore, it made it so much simpler to realize what or where the user was clicking. So the change is great but only if it didn’t feature a list of quirks. For instance, headlines that are longer than others get reduced with ellipses. And in the end, it makes the text quite less.
Still, we’re not going to be ungrateful and open the change with open arms. After all, a useful change is a change that’s welcomed indeed, right?
In the past, the pictures would entail website domains that it sent links to. Moreover, X stopped displaying headlines in the previous year as Musk felt it just added that special touch to posts published on the app in terms of display.
Getting rid of the headlines did transform the posts in a manner where it seemed much smaller. But at the same time, it was so much more difficult to comprehend where linked pictures would take the user, if and when they clicked on it.
Therefore, people would need to make workarounds such as adding headlines through direct means to pictures or entailing headlines in a post’s text.
After hearing rounds of criticism across the bat, the tech billionaire mentioned two months back how he would bring back headlines on all URL cards soon. And by the looks of it, the world’s richest man has stayed true to his promise as the rollout arises as we speak.
The change is said to be deployed across iOS as that’s where the majority of edits were made. As far as Android is concerned, they continue to appear right below the picture. Therefore, it’s not clear if the change would affect it.
Photo: @DANNYonPC / X
Read next: Google’s Search Advocate, John Mueller Discussed Stock Photos, AI Generated Images and Other Stuff with SEO Community
by Dr. Hura Anwar via Digital Information World
"Mr Branding" is a blog based on RSS for everything related to website branding and website design, it collects its posts from many sites in order to facilitate the updating to the latest technology.
To suggest any source, please contact me: Taha.baba@consultant.com
Wednesday, January 3, 2024
Tuesday, January 2, 2024
Google’s Search Advocate, John Mueller Discussed Stock Photos, AI Generated Images and Other Stuff with SEO Community
Google Search Advocate, John Mueller, shared some of his thoughts on AI generated and stock images. He talked about how AI generated can be differentiated with stock images. He said that there’s no denying that AI tools like Dall-E generate impressive images but there are also certain cases in which a professional photographer is needed. Even though the real photographs have to be edited and then shown, there is still a touch of reality to them that makes the consumers see the actual product they are investing in. But on the other hand, if a person is using images for decorative purposes, it doesn’t matter if he is AI generated or stock images. Both types of images are good enough for making a website or a document good enough to attract people. This means that the decision about what type of images should be used must be based on where in the content the images are needed.
John Mueller also said that there are some times, when the people want to see real images on a website content while in some cases, it doesn’t matter if the images are real or not. At the same time, Mueller is also worried about the use of AI generated images just to save time. If someone wants their content to be best, they should not use AI or stock images on their website. These kinds of images do not seem professional at all and it can disappoint some viewers. John Mueller was also receiving some other questions about SEO, AI and images. He answered some questions regarding image links, AR (Augmented Reality) for online marketing and 3D models for marketing. When asked about decorative images and real time photography, John Mueller answered that decorative images are a good way to attract people to websites. But as for real time photography, he said that if you have the product, take a real picture of it instead of using AI.
He said that to him, using AI images means that someone is trying to not make any effort to website. He mentioned an example of a recipe website, saying that if he sees AI generated images on a recipe website, he would automatically assume that the rest of the content on the website is spam and AI generated. This means that when a consumer sees an AI content, he automatically loses interest. Photos captured through smartphones are less professional, so people should use stock images instead of opting for AI generated ones.
Photo: DIW-AIgen
Read next: Top 10 Best and Worst Cities to Live in if You Are an Expat
by Arooj Ahmed via Digital Information World
John Mueller also said that there are some times, when the people want to see real images on a website content while in some cases, it doesn’t matter if the images are real or not. At the same time, Mueller is also worried about the use of AI generated images just to save time. If someone wants their content to be best, they should not use AI or stock images on their website. These kinds of images do not seem professional at all and it can disappoint some viewers. John Mueller was also receiving some other questions about SEO, AI and images. He answered some questions regarding image links, AR (Augmented Reality) for online marketing and 3D models for marketing. When asked about decorative images and real time photography, John Mueller answered that decorative images are a good way to attract people to websites. But as for real time photography, he said that if you have the product, take a real picture of it instead of using AI.
He said that to him, using AI images means that someone is trying to not make any effort to website. He mentioned an example of a recipe website, saying that if he sees AI generated images on a recipe website, he would automatically assume that the rest of the content on the website is spam and AI generated. This means that when a consumer sees an AI content, he automatically loses interest. Photos captured through smartphones are less professional, so people should use stock images instead of opting for AI generated ones.
Photo: DIW-AIgen
Read next: Top 10 Best and Worst Cities to Live in if You Are an Expat
by Arooj Ahmed via Digital Information World
Top 10 Best and Worst Cities to Live in if You Are an Expat
If you are looking for countries to go to, Mercer has put out a ranking of the top countries that are best to live in. Everyone wants to leave their home country and experience life in some other country once in their life. So, the list will help you a lot in choosing a city to live and which city to avoid. So, without further delay, let's get to the list.
Read next: Many Areas in USA and Canada Can Become Next Tech Hubs with Emerging Tech Talent
by Arooj Ahmed via Digital Information World
Best Cities to Live if You Are an Expat
10- Düsseldorf, Germany
People who have visited Düsseldorf say that they love this city in Germany because of its greenery and air quality. There is also a great infrastructure in the city and its train stations and airports are also great to travel in the city. Located in Western Germany, Düsseldorf is also known for its arts and culture.9- Sydney, Australia
It is the largest city in Australia and the continent of Oceania, but only has a population of 5 million. People live in Sydney because of its beaches and that's the reason its seafood is also famous. It's a pretty calm city that welcomes all the expats warm-heartedly. As Australia’s national language, you can easily live there if you are fluent in English.8- Vancouver, Canada
Located in British Columbia, Vancouver is a big city with beautiful parks, beaches, and artistic beauty. It also has nice restaurants and markets that make this city a great tourist attraction.7- Munich, Germany
The next is the list is another city in Germany. It's also an economical city so if you plan your budget efficiently, you can easily survive there with 1500 euros a month. Munich also holds the biggest festival of beer called Oktoberfest. You need to learn some of the cultural norms of Munich if you want to act like a local.6- Frankfurt, Germany
It looks like Germany has the most liveable cities for expats in the world. It has a great city life and its population of 750,000 also makes it a great city to live in.5- Geneva, Switzerland
Home to Lake Geneva, Geneva lies in the part of Switzerland with the French. Geneva also has the headquarters of the United Nations and Red Cross and provides a beautiful sight of the city among the Alps Mountain Range.4- Copenhagen, Denmark
According to Forbes, Copenhagen is the sixth-best city in the world if you want to raise a family. This is because it is affordable as compared to many cities and Denmark’s education system is also one of the best in the world.3- Auckland, New Zealand
Aukland has remarkable landscapes and scenery. It also has many great restaurants and wine tastings. Even though it takes about 13 hours on a plane from LA to Auckland, it is all worth it if you are looking for a place to live.2- Zurich, Switzerland
Another city from Switzerland on the list, Zurich is known for its colorful buildings and calm alleys. If you are looking for a city that is different from busy cities, try living in Zurich.1- Vienna, Austria
Austria’s capital, Vienna, is the most liveable city in the world. The reason why this city came at the top in this ranking is because it is affordable, has great transport, and is clean as compared to other cities in the list.Worst Cities to Live if You Are an Expat
10- Brazzaville, Republic of Congo
Many people in Brazaville are criminals including robbers and assaulters. Mercer says that if you are visiting this city, beware to walk or drive at night.9- Tripoli, Libya
Tripoli is full of refugees who are trying to get into Europe. This city often falls victim to political uprisings in Libya. Terrorism and kidnapping for ransom are common crimes in Tripoli.8- Ouagadougou, Burkina Faso
The US Department says that they cannot assist their citizens if they are in Burkina Faso so they should avoid traveling to Ouagadougou. Many violent crimes happen in the city and foreigners aren't safe there.7- Damascus, Syria
If you are an expat, avoid going to Damascus because according to the US State Department, no part of Syria is safe to live in. Many killings happen in the city all the time.6- N'Djamena, Chad
In 2018, Chad was declared the world’s poorest country. The infrastructure in the country and N’Djamena is almost non-existent and there's civil unrest. Crimes like kidnapping and terrorism are common there.5- Port-Au-Prince, Haiti
Recently, the president of Haiti was assassinated and Port-au-Prince is still recovering from an earthquake that occurred in 2010. There is so much poverty in the country which is one of the reasons for crime rates there.4- Sanaa, Yemen Arab Republic
As Yemen is under civil war, it is not the best place to live for expats. There is no education, electricity, water, and other life necessities in Sanaa and the citizens are living from hand to mouth.3- Bangui, Central African Republic
The city of Bangui is known for crimes that are common like kidnapping, assault, and armed robbery. There are no political policies in the country and that's why it is always in a state of civil unrest.2- Baghdad, Iraq
After 9/11, Baghdad isn't a recommended city to live in because of conflicts between the US and Iraq. Terrorism is also common there.1- Khartoum, Sudan
The worst city to live in is Khartoum, Sudan. Some conflicts are going on in the city and there is no infrastructure to support the citizens. Many US citizens who were already living there are hiring private security so they can leave the country easily.Read next: Many Areas in USA and Canada Can Become Next Tech Hubs with Emerging Tech Talent
by Arooj Ahmed via Digital Information World
World’s Top YouTuber MrBeast Gives Savage Reply To Elon Musk In Response To His Request Of Using X To Publish Content Directly
The world’s biggest YouTuber is making heads turn after giving out a savage reply to tech billionaire Elon Musk in regards to a request the latter made.
Musk has been looking for more ways to get his X app out of turmoil. Therefore, he’s making the most of every opportunity that he can get to try and win back users who seem to have gone far astray. Did we mention how many advertisers have taken an indefinite pause after seeing their ads aligned next to controversial content?
Hence, Musk asked MrBeast to publish his content on X and the savage response he attained is worth a mention.
The whole fiasco began when MrBeast whose actual name is Jimmy Donaldson, was given a suggestion by one X fan to try and put out content here. This is where Elon Musk also opted to join in the on-chat and replied, ‘Yeah’- clearly approving the strategy.
But that was not the strategy that MrBeast hoped to adopt. He says that his videos actually do end up costing millions and they were certainly not easy to make. Therefore, even if the viewership existed, X would never fund a portion of that. And since money makes the world go round, he was not keen on the offer.
However, the popular YouTuber did not shut down Musk’s idea completely. He hoped to see better monetization opportunities soon and when that stuff is going big, he will be back.
Musk’s app first started the whole idea of revenue sharing in the past year. And that was when the Tesla CEO confirmed how the initial set of payments worth $5 billion to creators was going out. Some really did make it big but others were left red in the fact and didn’t get exactly what they felt they deserved.
But the drama began in August when one YouTuber having close to 24 million subscribers on the channel explained how he made just $1590 in one month as per reports from Mashable.
Today, MrBeast has a staggering number of followers - 225 million in total on YouTube. Meanwhile, the figure stands at 25 million on X which is certainly not as much as the former but it’s still worth a mention. Hence, we can see why Musk would be keen on inviting big stars like him to the app for better engagement.
One interview with the popular magazine Rolling Stone had the star talking more in-depth about his content seen online and how it costs a huge sum of money. One simple video might seem like it’s not long at all but in reality, we’re talking skyrocketing costs that go into bringing it together.
MrBeast did admit that he could start doing videos that are cheaper in cost but he just does not feel like going down that road. He wishes to push all the boundaries and get better and bigger with time.
But Elon Musk has yet to decide to take a backseat on this front. This is not the first time that we’ve seen the billionaire request the popular YouTuber for a favor.
We saw him defending the star in public after he was bashed online for producing content that served as inspiration for explicit content. The latter was linked to the video, ‘1000 deaf people hear for the first time which got a lot of publicity but not everyone was happy.
For now, MrBeast and the X app are not generating responses to media outlet Business Insider’s request for a comment on the subject.
Photo: MrBeast / YT
Read next: Survey Shows Gen-Z Finds YouTube the Most Trusted App As Compared to Other Social Media Apps
by Dr. Hura Anwar via Digital Information World
Musk has been looking for more ways to get his X app out of turmoil. Therefore, he’s making the most of every opportunity that he can get to try and win back users who seem to have gone far astray. Did we mention how many advertisers have taken an indefinite pause after seeing their ads aligned next to controversial content?
Hence, Musk asked MrBeast to publish his content on X and the savage response he attained is worth a mention.
The whole fiasco began when MrBeast whose actual name is Jimmy Donaldson, was given a suggestion by one X fan to try and put out content here. This is where Elon Musk also opted to join in the on-chat and replied, ‘Yeah’- clearly approving the strategy.
But that was not the strategy that MrBeast hoped to adopt. He says that his videos actually do end up costing millions and they were certainly not easy to make. Therefore, even if the viewership existed, X would never fund a portion of that. And since money makes the world go round, he was not keen on the offer.
However, the popular YouTuber did not shut down Musk’s idea completely. He hoped to see better monetization opportunities soon and when that stuff is going big, he will be back.
Musk’s app first started the whole idea of revenue sharing in the past year. And that was when the Tesla CEO confirmed how the initial set of payments worth $5 billion to creators was going out. Some really did make it big but others were left red in the fact and didn’t get exactly what they felt they deserved.
But the drama began in August when one YouTuber having close to 24 million subscribers on the channel explained how he made just $1590 in one month as per reports from Mashable.
Today, MrBeast has a staggering number of followers - 225 million in total on YouTube. Meanwhile, the figure stands at 25 million on X which is certainly not as much as the former but it’s still worth a mention. Hence, we can see why Musk would be keen on inviting big stars like him to the app for better engagement.
One interview with the popular magazine Rolling Stone had the star talking more in-depth about his content seen online and how it costs a huge sum of money. One simple video might seem like it’s not long at all but in reality, we’re talking skyrocketing costs that go into bringing it together.
MrBeast did admit that he could start doing videos that are cheaper in cost but he just does not feel like going down that road. He wishes to push all the boundaries and get better and bigger with time.
But Elon Musk has yet to decide to take a backseat on this front. This is not the first time that we’ve seen the billionaire request the popular YouTuber for a favor.
We saw him defending the star in public after he was bashed online for producing content that served as inspiration for explicit content. The latter was linked to the video, ‘1000 deaf people hear for the first time which got a lot of publicity but not everyone was happy.
For now, MrBeast and the X app are not generating responses to media outlet Business Insider’s request for a comment on the subject.
Photo: MrBeast / YT
Read next: Survey Shows Gen-Z Finds YouTube the Most Trusted App As Compared to Other Social Media Apps
by Dr. Hura Anwar via Digital Information World
Sunday, December 31, 2023
Survey Shows Gen-Z Finds YouTube the Most Trusted App As Compared to Other Social Media Apps
According to a recent survey, many Gen-Z people trust YouTube more than any other social media platform. Business Insider collaborated with YouGov and held a survey with 1,800 participants. About 600 people who participated in that survey were Gen-Z, i.e., people born between 1997 and 2012. However, the survey was solely held among people who were over 18 years old. People from other generations were also part of this survey.
The survey asked Gen-Z participants the question about which social media they trust the most. YouTube was the most observed answer as 59% of the Gen-Z said that they completely or partially trust YouTube. 26% of Genz between the ages of 18 and 26 said that they trust YouTube only a bit. The second social media app on the list was Instagram. 40% of Gen-Z participants say that they trust Instagram while 45% said that they don't trust Instagram. 15% of the Gen-Z said that they are not sure whether they trust Instagram or not.
Third on the list was X (formerly known as Twitter) with a 35% trustworthiness rate. 49% of Gen-Z participants are not sure about their trust in Twitter. 15% do not trust Twitter at all. The social media platform that most Gen-Z participants didn't trust was Facebook. Only 28% said that it's trustworthy while 60% of them said that they don't trust Facebook at all. TikTok was also a close second as it came second last as the most untrustworthy app, followed by Facebook. 57% of Gen-Z users say that they do not trust TikTok, while 30% of them said that they partially trust TikTok.
There are many reasons why Gen-Z finds YouTube more trustworthy than other apps. The reason why Facebook has come up as the least trustworthy app amongst Gen-Z is because of a lot of controversies Facebook has faced in the past. Now, many Gen-Z people do not even have a Facebook account to begin with. It was also reported that many Gen-Z haven't used X(Twitter) ever since Elon Musk purchased it. TikTok is also an untrustworthy app because of its security issues. So, in conclusion, YouTube is the most trustworthy app amongst Gen-Z people these days.
Image: BI
Read next: AI In Workspace Isn’t Widespread But Employees Are Concerned About Its Impact On Their Careers, New Survey Proves
by Arooj Ahmed via Digital Information World
The survey asked Gen-Z participants the question about which social media they trust the most. YouTube was the most observed answer as 59% of the Gen-Z said that they completely or partially trust YouTube. 26% of Genz between the ages of 18 and 26 said that they trust YouTube only a bit. The second social media app on the list was Instagram. 40% of Gen-Z participants say that they trust Instagram while 45% said that they don't trust Instagram. 15% of the Gen-Z said that they are not sure whether they trust Instagram or not.
Third on the list was X (formerly known as Twitter) with a 35% trustworthiness rate. 49% of Gen-Z participants are not sure about their trust in Twitter. 15% do not trust Twitter at all. The social media platform that most Gen-Z participants didn't trust was Facebook. Only 28% said that it's trustworthy while 60% of them said that they don't trust Facebook at all. TikTok was also a close second as it came second last as the most untrustworthy app, followed by Facebook. 57% of Gen-Z users say that they do not trust TikTok, while 30% of them said that they partially trust TikTok.
There are many reasons why Gen-Z finds YouTube more trustworthy than other apps. The reason why Facebook has come up as the least trustworthy app amongst Gen-Z is because of a lot of controversies Facebook has faced in the past. Now, many Gen-Z people do not even have a Facebook account to begin with. It was also reported that many Gen-Z haven't used X(Twitter) ever since Elon Musk purchased it. TikTok is also an untrustworthy app because of its security issues. So, in conclusion, YouTube is the most trustworthy app amongst Gen-Z people these days.
Image: BI
Read next: AI In Workspace Isn’t Widespread But Employees Are Concerned About Its Impact On Their Careers, New Survey Proves
by Arooj Ahmed via Digital Information World
AI In Workspace Isn’t Widespread But Employees Are Concerned About Its Impact On Their Careers, New Survey Proves
A recent survey has plenty of people talking as it takes into consideration the growing trend of AI in workplaces and the possible implications it can have on careers.
Thanks to reports generated by SurveyMonkey and CNBC, we’re seeing the giants get into the details of what the latest survey from Workforce has to say in this regard.
On average, only 30% of those taking part in the study end up making use of AI in the office. Despite this finding, more than 40% are worried about how it can have serious implications for their careers.
Meanwhile, other findings from the study proved how 50% of the users in the survey wish their firm would roll out more benefits like healthcare premiums and free catering so their daily meal requirements would be met.
Just 30% revealed how the office provides financial coaching or advice when they most need it. And then 25% of all Gen Z workers and 20% of Millenials shared how they were forced to invest as what they were being provided did not meet their short-term goals and to help get more gains in less time, this is the strategy they’re implementing.
The results were first rolled out by CNBC and the poll was carried out during the first week of December by Survey Monkey online. It showed how more than 7000 workers took part and this is what they felt about the current AI saga.
Those taking part in this survey were chosen from the 2 million groups of people who routinely participate in SurveyMonkey’s polls. So that’s when the results were compared to previous years.
85% of the majority were happy with the job and that was not different from previous years. Meanwhile, 72% agree they’re paid well and 90% feel the job is very meaningful. However, 36% felt they needed to quit at least once in the past three months. Lastly, 71% feel the workplace’s morale really did positively impact them into doing better.
It’s quite evident from such a study that even though AI at work isn’t as prevalent as one would have expected it to be, the concerns about it negatively affecting people’s work are on the rise. This gives rise to the conclusion that employers need to think more in detail about how workplace contentment can give rise to an aura where tech changes are made, keeping in mind their impact on a person’s growth, happiness, and well-being. After all, that’s what really matters at the end of the day and when the workplace is happy, the performance of the enterprise will be better as people would be more motivated to do their tasks accurately.
Other findings worth mentioning include 30% of the participants confirming the use of AI tools during work with the Gen Z and Millenials age group in the lead.
AI was found to be more popular for those employees of color with the majority being of Asian and Black ethnicity. This was in stark comparison to those who were White.
Meanwhile, employees in the fields of research and Consultation as well as Logistics and Business were in the lead as were those linked to the Finance and tech sector when it came down to using AI.
Those using AI in the office were likely to see it as a major positive offering and means to better productivity while 72% added how it impacted them big time. Meanwhile, just 28% spoke about it not being a positive influence on their work and hence cited it as a negative impact.
But even though we saw a whopping majority speak of the highs that such technology brings, 42% still worry about how it can negatively impact careers in the future and perhaps get them ousted from the firm. 44% spoke about being somewhat worried.
Those making less than $50k each year were more worried than the average person generating between $50 to $99,000 every year. And workers coming from diverse backgrounds showed more concern than the average White.
If an employee was using AI in the office, they expressed double the concern regarding the impact it had on their work. This was in comparison to those not using AI in the office.
Photo: DIW-AIgen
Read next: Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand
by Dr. Hura Anwar via Digital Information World
Thanks to reports generated by SurveyMonkey and CNBC, we’re seeing the giants get into the details of what the latest survey from Workforce has to say in this regard.
On average, only 30% of those taking part in the study end up making use of AI in the office. Despite this finding, more than 40% are worried about how it can have serious implications for their careers.
Meanwhile, other findings from the study proved how 50% of the users in the survey wish their firm would roll out more benefits like healthcare premiums and free catering so their daily meal requirements would be met.
Just 30% revealed how the office provides financial coaching or advice when they most need it. And then 25% of all Gen Z workers and 20% of Millenials shared how they were forced to invest as what they were being provided did not meet their short-term goals and to help get more gains in less time, this is the strategy they’re implementing.
The results were first rolled out by CNBC and the poll was carried out during the first week of December by Survey Monkey online. It showed how more than 7000 workers took part and this is what they felt about the current AI saga.
Those taking part in this survey were chosen from the 2 million groups of people who routinely participate in SurveyMonkey’s polls. So that’s when the results were compared to previous years.
85% of the majority were happy with the job and that was not different from previous years. Meanwhile, 72% agree they’re paid well and 90% feel the job is very meaningful. However, 36% felt they needed to quit at least once in the past three months. Lastly, 71% feel the workplace’s morale really did positively impact them into doing better.
It’s quite evident from such a study that even though AI at work isn’t as prevalent as one would have expected it to be, the concerns about it negatively affecting people’s work are on the rise. This gives rise to the conclusion that employers need to think more in detail about how workplace contentment can give rise to an aura where tech changes are made, keeping in mind their impact on a person’s growth, happiness, and well-being. After all, that’s what really matters at the end of the day and when the workplace is happy, the performance of the enterprise will be better as people would be more motivated to do their tasks accurately.
Other findings worth mentioning include 30% of the participants confirming the use of AI tools during work with the Gen Z and Millenials age group in the lead.
AI was found to be more popular for those employees of color with the majority being of Asian and Black ethnicity. This was in stark comparison to those who were White.
Meanwhile, employees in the fields of research and Consultation as well as Logistics and Business were in the lead as were those linked to the Finance and tech sector when it came down to using AI.
Those using AI in the office were likely to see it as a major positive offering and means to better productivity while 72% added how it impacted them big time. Meanwhile, just 28% spoke about it not being a positive influence on their work and hence cited it as a negative impact.
But even though we saw a whopping majority speak of the highs that such technology brings, 42% still worry about how it can negatively impact careers in the future and perhaps get them ousted from the firm. 44% spoke about being somewhat worried.
Those making less than $50k each year were more worried than the average person generating between $50 to $99,000 every year. And workers coming from diverse backgrounds showed more concern than the average White.
If an employee was using AI in the office, they expressed double the concern regarding the impact it had on their work. This was in comparison to those not using AI in the office.
Photo: DIW-AIgen
Read next: Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand
by Dr. Hura Anwar via Digital Information World
Saturday, December 30, 2023
OpenAI's Financial Milestone: Breaking Down the $1.6 Billion Annualized Revenue
AI giant OpenAI has hit a significant financial milestone, surpassing $1.6 billion in annual revenue, as reported by TheInformation. This is a considerable increase from the $1.3 billion recorded in mid-October. Despite recent controversies about its leadership, OpenAI has shown resilience and growth.
A major contributor to this financial success is OpenAI's ChatGPT product, an AI tool that generates text based on users input. It has become a focal point for smart investors in the artificial intelligence field, boosting the company's monthly revenue to an impressive $80 million. OpenAI faced a setback of $540 million during the 2022 development of GPT-4 and ChatGPT. However, the company bounced back with the launch of an improved version of ChatGPT. This enhanced model comes with more features and better privacy measures, aiming to attract a wider customer base and increase profits from its main product.
OpenAI started in 2015 as a non-profit organization but transitioned to a capped-profit venture in 2019, a move that has proven successful. This change allowed OpenAI to attract significant investments from venture funds and gave employees a stake in the company. Microsoft's substantial investments in 2019 and 2023, along with providing computing resources through Microsoft's Azure cloud service, have strengthened OpenAI's financial position. With a $1 billion injection over five years, the company is strategically positioning itself to commercially license its advanced technologies.
Despite facing challenges like changes in leadership and high development costs, OpenAI's financial outlook remains strong. The company is currently in talks to secure more funding, with an expected valuation between $80 billion and $90 billion, comparable to Uber's market valuation. OpenAI aims to generate $1 billion in revenue in 2023, solidifying its position as a key player in the artificial intelligence industry.
Image: DIW
Read next: Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand
by Irfan Ahmad via Digital Information World
A major contributor to this financial success is OpenAI's ChatGPT product, an AI tool that generates text based on users input. It has become a focal point for smart investors in the artificial intelligence field, boosting the company's monthly revenue to an impressive $80 million. OpenAI faced a setback of $540 million during the 2022 development of GPT-4 and ChatGPT. However, the company bounced back with the launch of an improved version of ChatGPT. This enhanced model comes with more features and better privacy measures, aiming to attract a wider customer base and increase profits from its main product.
OpenAI started in 2015 as a non-profit organization but transitioned to a capped-profit venture in 2019, a move that has proven successful. This change allowed OpenAI to attract significant investments from venture funds and gave employees a stake in the company. Microsoft's substantial investments in 2019 and 2023, along with providing computing resources through Microsoft's Azure cloud service, have strengthened OpenAI's financial position. With a $1 billion injection over five years, the company is strategically positioning itself to commercially license its advanced technologies.
Despite facing challenges like changes in leadership and high development costs, OpenAI's financial outlook remains strong. The company is currently in talks to secure more funding, with an expected valuation between $80 billion and $90 billion, comparable to Uber's market valuation. OpenAI aims to generate $1 billion in revenue in 2023, solidifying its position as a key player in the artificial intelligence industry.
Image: DIW
Read next: Even Though Prompt Engineering is a Hot Skill, Better Communication with Humans will be More in Demand
by Irfan Ahmad via Digital Information World
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