"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, July 3, 2024
Google’s New Environmental Report Shows Alarming 50% Spike In Greenhouse Gas Emissions Due To AI
As per the report, the emissions witnessed a 50% spike, which is the greatest seen in the past five years. This is all thanks to data centers consuming large amounts of energy and giving out emissions, the company added.
Owing it to the spike in AI, Google says the data centers were fueling the demand for this trend and it’s certainly alarming, not to mention a significant hindrance to the company’s path of achieving carbon neutrality.
Every year, the search engine giant rolls out the report to display how much progress it has made in this attempt to go green but from what this year’s stats reveal, it’s nothing to be proud of and far from the environmentally friendly goals that Google wishes to attain by the year 2030.
The company rolled out close to 14.3 million metric tons of CO2 in 2023 alone and that was 49% higher than the year 2019 and nearly 13% greater than 2022.
Google very proudly announced how the rise in data centers used for fueling the rise in AI trends was to blame and as more AI gets incorporated into a wide array of its products, the consumption would similarly increase.
The challenge is one that the company has been dealing with for a long time and Google says things are only going to get more difficult as it makes more investments in its respective technical infrastructure.
The report similarly highlighted how the environment is forced to suffer through the explosive AI trend on Earth. Several tech giants including Google, Apple, Meta, Microsoft, and Amazon are keen on making billion-dollar investments related to AI but also spending a fortune to train their models.
This does not come easy, not to mention the huge amounts of energy resources needed to fuel it all. Meanwhile, reports have also spoken about how AI features make use of a lot of energy as well. Last year, researchers from an AI startup and the University of Carnegie Mellon proved how producing one picture through AI could use the same amount of energy needed to charge mobile phone devices.
In the same way, some tech analysts feel AI will soon double the electricity demand of users in the country and the overall consumption could end up diminishing the current electric supply for just two years.
It’s all very alarming and that’s probably why many tech giants including the likes of Microsoft are opening their eyes toward their attempts to go carbon-negative soon.
Meanwhile, this report by Google mentioned how its own data centers were making use of more water supplies than in the past so that they could maintain cooling due to increased AI workloads. A lot of those entail the likes of Google Search’s AI Overviews which has already been the spectacle of massive debate after asking users to consume rocks or use glue to stick toppings across a pizza.
When we look at figures from the previous year, the Android maker’s data center used 17% more water supplies than the year before that. That’s close to 6.1 billion liters which could irrigate approximately 41 whole golf courses each year in the southwest of the US.
The fact that Google is working on bettering the environment and not just focusing on profits gained through the launch of AI across its products is certainly music to environmental activists’ ears but at the same time, a lot of work needs to be done in this domain if the firm wishes to stay on track with its goals for the end of this decade. Do you agree?
Image: DIW-Aigen
Read next:
• WhatsApp Is Working On New AI-Generated Image Feature Of Users
• Windows 11 Sees Positive Comeback With Growth In Market Share For The First Time Since Late 2023 Slump
by Dr. Hura Anwar via Digital Information World
Tuesday, July 2, 2024
WhatsApp Is Working On New AI-Generated Image Feature Of Users
The feature will be optional and give users the chance to generate AI-based pictures of themselves through Meta’s AI Llama model.
We saw in the last update how the company was giving users the chance to select which AI-based Llama model they were keen on using to carry out AI interactions. Those who wished for a quick and simple approach could use the default variant while those in search of advanced models for complex queries were free to use the newer 3-405B variant.
Right now, it seems like the platform is more committed to practicing refinement on the user end through the likes of Meta AI. The goal appears to be linked to better personalization. And thanks to the newest update, that could be possible with this latest optional offering to produce pictures of themselves through Meta AI.
As can be witnessed through a new screenshot attached, the app wishes to explore more with images generated through the AI of users. They hope to schedule the feature in the next upcoming update for the platform.
This would ensure users can take a set of pictures which the Meta AI software would use to produce AI pictures. It’s up to the user which images they would like to set up for analysis to produce such images, making sure the ones made using AI best represent what they appear like.
The company confirmed how the user would have full control of the feature and can remove the setup photo at any point in time through the app’s AI settings.
After they take the setup images, users could ask Meta AI to produce AI pictures of themselves by typing Imagine Me through the conversation. Additionally, users can use such features in other conversations by using the @Meta AI imagine me option.
Since such commands undergo separate processing, Meta AI could not read other texts and the image produced as a result of this will get shared through automated means in the chat by the platform. Hence, all of the privacy of users would always remain intact at all times.
The offering is totally optional so users need to opt in to use it. Anyone who agrees would need to opt in through manual means for enabling it through settings and hence can take respective setup images first.
For now, we’ll just wait and watch for when it’s released and we’ll update you soon here when it happens.
Image: Wabetainfo
Read next: Median Salary of Magnificent Seven Companies Revealed
by Dr. Hura Anwar via Digital Information World
YouTube Gives Users The Chance To Report AI Content That Resembles Them Without Taking Consent
The company just mentioned how it was giving users the chance to report any AI-based content that resembled them in appearance or sound. As it is, the company forces creators to mention if the material was made using AI tools.
Now, it’s giving them the chance to report how AI-based material might be misrepresenting them online without obtaining consent or them being aware of it.
The news comes in the form of a change rolled out in the app’s support page where the platform explains how various factors would be considered when the admin acts upon their complaints.
Several factors would be evaluated including whether the material was altered or not, if it was portrayed to the masses as being altered or not, if the person included could be identified, and if the material is real to begin with.
Other than that, the content would be judged upon whether or not it entails a parody, have public interests attached to it, or if it entails some kind of value. Similarly, any video featuring famous identities or a public face must be mentioned if they are involved in any kind of sensitive-themed acts like violence or criminal behavior.
The app says you can begin the process of Privacy Complaint to inform the platform when or if someone is making use of AI to produce content that resembles them. But at the same time, the app reiterated how filing complaints does not necessarily mean that an individual would be kicked off the app altogether.
Only if the content does qualify for deletion from the platform would be be removed like those depicting real versions of people.
At the same time, YouTube wants users to make sure they can be identified uniquely through the content in question before any complaint is filed. So that’s like making sure enough data is available to confirm that others can recognize you in the content.
After such complaints are filed, the app will provide uploaders with 48 hours to act on the matter. The entire process of reviewing the private data would begin if the material isn’t edited out or deleted.
However, it must be remembered that the platform needs claims from first parties but there are a few exceptions to keep in mind. This includes minors, those vulnerable, and anyone having zero access to online content.
It was mentioned in the previous year how bad actors made use of AI content to spread malware via the app. Now, it’s a part of the process and it accounts for creators on the app that still exist and are continuously being targeted to attain bigger audiences and ensure uploads remain legitimate at all times.
Image: DIW-AIgen
Read next: Google Rolls Out New Disclosure Policy For Digitally Altered Ads To Combat Election Disinformation
by Dr. Hura Anwar via Digital Information World
Google Rolls Out New Disclosure Policy For Digitally Altered Ads To Combat Election Disinformation
The company just updated its Political Content Policy which entails content that is digitally manipulated like pictures, videos, and audio. The new policy came into effect starting yesterday and the company feels it’s about time viewers were aware of what they were seeing.
If any information portrayed had been altered through digital means, viewers would now be informed as would the case be when synthetic content is up for grabs. But what exactly are the criteria for such a policy to be implemented in the first place?
According to the Android maker, all content that has been manipulated and incorrectly details real people or events would be a part of the change. This includes those displaying a person taking part in a conversation or action that never happened in reality. Similarly, any footage altered to gain attention toward a real event and also material that displays a realistic depiction of events that never happened in the first place would be included.
We saw Facebook’s parent firm roll out something similar for content made through AI means that was politically themed in February of this year and it makes sense why companies are pulling out all the stops to ensure viewers remain informed.
Google’s latest policy is said to explain how advertisers can give rise to a campaign only after they tick off a list of boxes explaining what sort of content is being generated and if it’s altered or produced through synthetic means.
Google hopes to set this as the new standard for all ad disclosures involving politically themed content online. Whether it’s operating on mobile devices, televisions, computers, or social media platforms across the board.
If any other sort of format is being used, advertisers could select the synthetic content option and then provide personalized prominent disclosures that are clearer in nature and put in a location that’s not noticed by others.
In situations where the policy is violated, a warning would be generated a week before serious action is taken like account suspension by Google. Similarly, the company also provides some clear-cut examples of terminology being used such as how audio was generated through technology, how images didn’t portray real events, and how the video was made through synthetic programs.
It’s about time Google took matters into its own hands and curbed the alarming rate of election misinformation taking center stage. The fact that it’s all happening during a time when AI is giving rise to misleading content and carries the potential to sabotage the whole elections by swaying voters in the wrong direction meant it was much needed.
We’ve already heard about advanced forms of technology from Russia and China taking part in this manipulative behavior to impact elections so it’s a global issue and that’s why plenty of tech giants are scrambling to curb the matter before it gets out of control.
Image: DIW-Aigen
Read next:
• EU Regulators Accuse Meta Of Failing To Comply With Antitrust Rules Over New Ad-Supported Subscription
• Median Salary of Magnificent Seven Companies Revealed
by Dr. Hura Anwar via Digital Information World
EU Regulators Accuse Meta Of Failing To Comply With Antitrust Rules Over New Ad-Supported Subscription
On Monday, regulators from the region slammed the company for its newly introduced subscription that’s supported by ads.
The EC mentioned how such an option traps users into the cleverly designed pay or consent design which means users must either spend a lot of funds to withdraw or allow the company to track them down for targeted advertising.
This initiative was first rolled out by the organization last year through Meta’s Facebook and Instagram apps. Hence, an investigation has found that the model forces users to provide consent so Meta can use their personal information.
Meanwhile, the company’s spokesperson explained through a new statement how the model that comes supported with ads follows the high court’s executive decision and hence is in line with the Digital Markets Act.
They further explained how they were looking forward to a meeting with the EC where they hope to sit down and explain their side of the matter so that the investigation can come to an end soon.
Meta further revealed how the latest model in question is in reply to a decision from the EU court which stated clearly how a firm could offer a new version of the service that doesn’t put reliance on data collection for advertisements.
In the past, we’ve seen Meta mention how such a ruling is a top-of-the-line reason for rolling out such subscription offers.
The European Commission disagreed and explained that launching such models by Meta is a smart method that doesn’t give users a way out in terms of data collection of less personal information. Secondly, it’s equal to the method of making use of a personalized advertising service. So in both methods, it’s flourishing.
Regulators strongly feel that users need to be entitled to access in a way that uses less personal data, especially when it’s clear that this would be for ad purposes.
The other big reason why such a model is being shunned by the EU is that it fails to give users the right to use their freedom to consent for personal information used by Meta so that it can attain its relevant gains through online ads.
If Meta is indeed found guilty here, it would be forced to pay a hefty fine. Remember, the DMA has already come into play since March of 2024. So the law is aiming to crack down against any tech giant taking part in anti-competitive behavior while ensuring they open up options for archrivals in the industry.
As announced recently, fines could go up to 10% of the firm’s yearly revenue and repeated breaches may result in double that figure.
As far as Meta is concerned, if it indeed breached the DMA, it might be hit with a fine that surpasses the $13.4 billion mark, all depending on the firm’s earning figures each year.
Now that Facebook’s parent firm has received the investigation’s preliminary findings, the company would be given the chance to offer a defense in writing of what it feels in this regard.
The investigation by the EU was first rolled out in March, which is the same time that we saw two other similar investigations get launched against market-leading tech firms like Apple and Alphabet. So the investigation is expected to conclude within 12 months from the start of its proceedings.
Image: DIW-Aigen
Read next:
• Median Salary of Magnificent Seven Companies Revealed
• Survey Reveals the Cost of Website Development in 2024
by Dr. Hura Anwar via Digital Information World
Monday, July 1, 2024
Survey Reveals the Cost of Website Development in 2024
A recent survey by Goodfirms reveals the cost of web development in 2024. By including more than 100 best web development companies in its survey, it has listed the estimated rates of developing different types of websites, ranging from $1,000 to $50,000.
The following are the key points:
1) The Cost of Different Types of Websites and Their Development Time and Maintenance
The Cost of different websites varies a lot, with business websites costing from $1,000 to $50,000; personal websites costing from $500 to $3,000; ecommerce websites costing from $5,000 to $50,000; web application websites costing from $10,000 to $100,000; and web portal development websites costing from $10,000 to $60,000.
Due to their difference in complexity, they also require different time periods for development: business websites almost take 2 to 12 weeks; personal websites take 1 to 4 weeks; ecommerce websites take 4 to 16 weeks; web application websites take 16 to 30 weeks; and web portal development websites take 8 to 30 weeks for development.
Their maintenance also cost a few bucks. Personal websites require around $50 to $250 yearly; small business websites take $250 to $1,000; ecommerce websites take around $1,000 to $5,000; web portal websites take almost $1,000 to $5,000; and custom web application websites take $2,000 to $20,000+ for maintenance.
2) What Makes A Website Development Costlier?
Many factors contribute to the cost of web development. A large-scale website is costlier than a short-scale one; going for a tailored design for your website is going to cost you more; and employing advanced integration and custom API development also raises the cost. If you are using animation and WebGl features on your websites, they will lead to more expense.
Moreover, hiring professionals for content writing, copywriting and website designing is an additional expense.
Website maintenance and SEO optimization, which are indispensable, also call for spending.
Location also plays a role in increasing and reducing the cost. Websites development in countries, like the United States and Canada, is costlier than in developing countries, like Pakistan and India.
3) Different Types of Websites Demand Varying Amount Money and Require Varying Time Periods, To Be Developed
Business Website
Based on the data provided by the survey comprising over 100 best development companies, a business website requires around $1,000 to $50,000 on average to develop it. A simple business website with only a simple interface can cost around $1,000 to $15,000; a mid-range business website, having custom design and over 15 pages, can cost from $15,000 to $30,000; a complex business website with custom features, security features, advanced ecommerce functionalities and advanced design, can take around $30,000 to $50,000 on average.
60% of the companies charge around $1,000 to $7,000, and 36% of the remaining cost around $7,000 to $15,000.
A small business website can cost $1,000 to $5,000 for its design and development, $10 to $15 for domain name and hosting and $50 to $100 for an SSL certificate.
A small business website can be developed in 1 to 12 weeks by 97.6% of the companies. But if more complex features, such as A.I. powered customization and blockchain-based systems, are added, it can prolong the time period required.
Around 88.3% of the companies confess developing a business website in 2-12 weeks, and the remaining 11.7% state that they can take 12 to 24 weeks, mostly complex websites.
MVP Website
A simple MVP website can cost around $5,000 to $10,000, and the cost of a more complex MVP site can range from $20,000 to $35,000. Its design and development can cost $500 to $10,000, domain name can take $10 to $15, web hosting can take $5 to $20 and an SSL certificate can take $50 to $100.
Most companies, around 93%, state that they can make an MVP website in 3 to 12 weeks. A complex MVP site might require more time than this.
Personal Website
A personal website can cost $500 the least, and a more advanced version of it can cost as much as $3,000+. A multi-page personal website, having CV integration, blog categories and a search bar, can cost between $500 and $1,500. Professional websites with advanced features, such as SEO optimization, multilingual support and high quality images and videos, can take between $1,500 and $3,000.
Its design and development can cost $500 to $5,000, domain name can take $10 to $15, web hosting can take $5 to $50 and an SSL certificate can take $50 to $100.
71% of the companies state that a simple personal website can be set up within 1 to 4 weeks. More complex personal websites with advanced optimization can prolong this time period.
Ecommerce website
An ecommerce website cost ranges from $5,000 to $50,000. If it is a growing store with a custom design and marketing, the website costs between $5,000 and $15,000. On the other hand, an enterprise store with advanced features and customization can cost more than $15,000. The more custom animations are part of a website, the more it would raise the cost.
Custom design and development could cost from $5,000 to $50, 000. Hosted platforms, like Shopify, BigCommerce, Wix etc., charge $29 to $300+ monthly and offer basic features, payment processing and security. The inclusion of advanced features, such as CRM integration, wish lists etc., also incur more expense. Similarly, domain name and web hosting cost around $10 to $15 yearly and $5 to $250 monthly, respectively.
Almost 71.4% of the companies claim to make a simple to mid-range ecommerce website in 4 to 16 weeks. The remaining could take 16 to 26 weeks. Also, more advanced ecommerce sites require more time.
Custom Web Application
A simple web application can be developed with a budget of $10,000 to $25,000. The one with complex apps could raise the cost from $25,000 to $50,000, and the most advanced can incur the expense of $50,000 to $100,000.
A custom web application is expensive due to its design and development expense, which can cost from $10,000 to $100,000 if it is a customized version. Then its testing and quality assurance, hosting and maintenance can also cost 10% to 20% of annual development costs.
Around 53.7% of the companies state to take 16 to 30 weeks for simple and mid-range custom web application. 24.4% of them assert it will take 30 to 52 weeks for a little complex version of a custom web application. About 7.3% say that the most intricate version of a custom web application, like AI-powered apps, could take more than a year.
Web Portal
Simple web portals could cost between $10,000 and $30,000. Complex portals, such as ecommerce sites, enterprise etc., can take $60,000 to $100,000. Customized portals paired with bespoke solutions are even more expensive, costing over $100,000.
- You might like: Must-Have Digital Competitor Insights Tools for Marketers
Its development is the main expense, costing between $50,000 to $250,000. Web portal design could also cost $5,000 to $20,000, depending on its complexity. If it is integrated with an existing system, an additional cost of $10,000 to $50,000 would have to be added. Moreover, its testing and quality assurance, hosting and maintenance incur additional cost.
Different types of portals incur different amounts of cost. Internal employee portal, a public-facing portal and enterprise portal cost $50,000 to $75,000, $75,000 to $150,000 and $150,000 to $500,000 respectively.
According to 64.3% of the web development companies, they take 8 to 30 weeks to develop a web portal, like an ecommerce website. For more intricate portals, 35.7% of them require 30 to 52 weeks.
SaaS Website
22% of the companies agree to develop a SaaS website at the cost of $15,000 to $30,000. 19.5% of them would charge around $30,000 to $60,000. And 34.1% are ready to charge customers between $60,000 and $120,000. The difference in pricing is subject to the complexities of a SaaS website, with the features like AI powered functionalities costing more.
A SaaS website design and development charges may range from $5,000 to $20,000 and $15,000 to $120,000 respectively. Marketing and user acquisition, hosting, maintenance and payment gateway integration would add more expense to the budget if employed.
61% of the developers require 12 to 48 weeks to set up a SaaS website, and 39% would need around 24 to 72 weeks to do the same. If AI platforms with advanced analytics are used, this would prolong the time.
4) Indispensable Features and Their Cost
Some features are a part of all websites, and they are charged differently by the companies. The following are their rates offered by the majority:
Domain Name
Most of the companies, 70%, would cost $10 to $60 yearly for a domain name. The advantage of taking help from the companies regarding a domain name is that they provide a SEO-friendly and user-oriented domain name.
SSL Certificate
About 46.2% of the developers offer an SSL certificate for free with basic hosting. Around 20.5% of them provide it for $10 to $70 yearly; 28.2% would cost $70 to $150 yearly; and 5.1% would charge over $150 yearly.
There are also different types of SSL certificates, costing various amounts. A DV certificate is the cheapest, costing $2 to $10 and is best for low traffic websites; An OV certificate could cost from $2 to $100, is better than a DV certificate and is best for ecommerce sites. An EV certificate is the most expensive, costing over $100 and is best for financial institutions.
Web Hosting
About 32% of the developers cost $50 to $200 yearly VPS hosting; 35% of the companies would charge $200 to $600 for dedicated hosting; 23% of them offer a shared hosting for under $50 yearly; and around 10% can charge over $600 yearly for premium services.
Web hosting makes sure you have a presence online. The companies, after judging your requirements, web traffic and budget, offer you the best type of hosting for your website.
Web Platform
30% of the companies claim to provide open-source platforms for free; around 37.5% would charge $100 to $300 for managed platform services; 20% charge $300 to $1,000 for advanced features; and about 12.5% take over $1,000 for enterprise solutions.
Add-ons
Basic themes and plugins could be free or might cost up to $50, as per 23.7% of the companies; 34.2% would charge $50 to 100 for premium themes and plugins; 23.7% of them could take $100 to $200 for advanced features; and 18.4% can charge over $200 for the same features.
In Bloggers, most of the themes and plugins are for free. Most complex themes and plugins are the requirement of ecommerce websites.
Integrated Payment Options
About 15.4% of the companies charge under $100 for basic solutions; 11.5% of them charge from $100 to $500 for enhanced features; 38.5% can take $500 to $1,500 for advanced systems; and 29.9% could take more than $1,500 for custom solutions.
There are different types of payment gateways: hosted payment gateways, API-hosted payment gateways, self-hosted payment gateways and local bank integration gateways. API-hosted gateways and self-hosted gateways are the best option for hefty transactions. Local bank integration is best for when there are set limits to a region. And hosted payment gateways could be acquired for free if the transaction volume is low.
Content Management System
20% of the companies claim to offer free CMS for open-source solutions; managed CMS platforms could cost $200 to $1,000, as per 15% of the developers; and the majority of them, 65%, would cost $1,000 to $5,000 for custom CMS development.
CMS makes creating, editing and publishing of content easier. There are various CMS available to choose from: website content management systems, enterprise content management systems and document management systems. The developers are helpful in choosing the best one for your website.
Order-Tracking Functionalities
17.5% of the surveyed companies charge under $100 for basic order tracking solutions; 10% of them would charge between $100 and $500 for enhanced order tracking features; around 37.5% of them could take $500 to $1,500 for advanced order tracking features; and 32.5% would take over $1,500 for enterprise order tracking features.
Some platforms, like Shopify and Woocommerce, have built-in order tracking features.
Basic Database Support
Almost 17.5% of the developers could charge under $100 for basic cloud database services; 25% would charge between $100 and $500 monthly for managed database services; 40% of the companies would take between $500 and $1,500 monthly for advanced database solutions; and only 10% of them would take over $1,500 monthly for enterprise solutions.
Database support systems have become indispensable, for they offer helpful insights about market trends and user behavior, and help in making better decisions.
There are six database services in vogue: cloud database services, managed database services, advanced database services, enterprise database solutions, database as a service and specialized database services.
Chatbots
The companies offer basic chatbots for free as a part of the development package. But customized chatbots would cost from $100 to $1,500.
Chatbots have also become important for their role in customer support and in enhancing customer experience.
SEO and Marketing
All websites need marketing to enhance and broaden the range of their business. On average, around 10% to 20% of the web development budget is spent on SEO and marketing yearly.
DIY Website
A simple DIY website would cost around $50 to $500 yearly while using Wix or Squarespace; a customized version of it, an ecommerce store, would raise the cost to $1,000-$5,000; A DIY website with more advanced features would incur the cost over $5,000. The expensive nature of it due to the fact that you would need a professional developer to do the job.
Its domain name costs around $10 to $15 yearly, web hosting can take $5 to $50 monthly, custom development could incur $50 to $200 hourly, a website developer could charge around $50 monthly and SEO and marketing could incur $500 to $5,000 monthly.
Region-wise Rates at Hourly Basis
Developed countries, like USA, Canada, Australia, United Kingdom and Germany, have higher charging rates, costing $80 to $250, $70 to $150, $70 to $180, $60 to $120 and $50 to $100 respectively.
In mid-cost counties, such as Poland, Brazil and Thailand, rates are cheaper.
The cheapest rates are being offered in the developing countries, such as India, Pakistan, Bangladesh, costing $10 to $30, $8 to $25 and $5 to $15 respectively.
In Pakistan, a basic website can cost around PKR 30,000; a standard website with 10 pages could incur PKR 100,000; a custom website could cost PKR 200,000; and an ecommerce site could incur the cost of PKR 300,000.
The difference in the rates is because a developer from a developing country would charge the least.
Which Pricing Model to Choose?
Around 70% of the companies preferred hourly and fixed pricing models. The hourly model is better for those who do not want to pay a large sum in advance. Paying on an hourly basis is safe and easier for them. On the other hand, for those who have a long term project and are running a big platform, the fixed pricing model is preferable not to encounter the paying issue over and over.
Another model, although not as popular as the other two, is the retainer model, which is designed for long term projects and clients requiring continuous maintenance.
Conclusion
The aforementioned data explains at length the cost incurring for developing different types of websites in 2024. The main expense of developing a website goes to professional developers and designers. The more advanced features, like SSL certificates, API integrations, 3d animations etc., add to the cost of developing a website. To cut off the cost of the developing, websites need to be simpler, having fewer pages, with basic features only.
Read next: 2024's Indispensable Digital Marketing Tools: What You Need to Succeed
by Ehtasham Ahmad via Digital Information World
Median Salary of Magnificent Seven Companies Revealed
Meta ranks the highest in terms of median pay, which was $379,050 in 2023. The pay of the CEO of Meta is $24.4 million. Meta has six times higher median pay than the national median salary. Between 2022 and 2023, the median salary increased by 28%, making Meta the company with the highest median pay. Following Meta is Alphabet with a median pay of $315,531 and a CEO salary of $8.8 million. The company offers employees the option to work remotely and requires them to be in the office only three times a week.
Nvidia has a median pay of $266,939. Its CEO’s total pay in 2023 is $34.2 million. The company also offers a vacation package to its employees, including 22 weeks of paid parental leave. Tesla gives its employees a median salary of $45,811, while Amazon has a median pay of $36,274. Apple has the highest CEO total pay, which is $63.2 million, while its median employee pay is $94,118.
Read next:
• Study Finds that AI is Capable of Working at Healthcare as It Gives Better Answers than Most of Physicians
• In-App Subscription Revenue Expected to Hit $120B in 2024
by Arooj Ahmed via Digital Information World