#user-growth

#user-growth

The launch of ChatGPT by OpenAI in November 2022 marked a turning point in the AI landscape, igniting the broader AI boom. This generative AI tool demonstrated practical applications for everyday users, from content creation to coding assistance, sparking massive public interest and investment. Tech giants poured billions into AI development, while startups flooded the market, driven by the promise of transformative technology. Venture capital funding in AI surged, and stock prices for related companies skyrocketed amid hype around machine learning advancements.

The San Mateo, Calif.-based company late Monday said it earned 11 cents a share under generally accepted accounting principles, or GAAP, in the third quarter. In the year-earlier period, it earned 9 cents a share. On an adjusted basis, Life360 earned 28 cents a share on sales of $124.5 million in the September quarter. Analysts polled by FactSet had expected adjusted earnings of 17 cents a share on sales of $119.8 million.

Shares of Snap (NYSE: SNAP) are up just over 15%, or $1.13 a share. All after the company reported strong revenue that was above expectations, it said it would buy back $500 million worth of stock, and noted that Perplexity AI will pay it $400 million to integrate its AI search features into Snap. Revenue of $1.51 billion was above estimates of $1.49 billion. Global daily active users jumped to 477 million, as compared to estimates of 476 million.

OpenAI brings ChatGPT Go plan to 16 more Asian countries OpenAI is expanding its affordable ChatGPT Go plan, priced under $5, to 16 new countries across Asia, including Afghanistan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, Laos, Malaysia, Maldives, Thailand, Vietnam, and Pakistan. In some of these countries, users can pay in local currencies, while in others, payments are required in USD, with final costs varying due to local taxes.

More than 200 million people across Europe now come to TikTok every month to express themselves, be entertained, learn a new hobby or skill and find or grow a business. That's up from 175 million people last year, and approaching a third of the population of the continent across the EEA and UK.

Snap (SNAP) CEO Evan Spiegel has spent around $3 billion developing Spectacles, which are the social media company's augmented reality glasses. Indeed, he believes that they are an essential part of Snap's future. However, despite this massive investment, Spectacles have yet to find mainstream success. Now, Snap is considering raising outside funding to help the product better compete with rivals like tech giant Meta (META), according to The Information.

"We will build other products, and those other products can have different dimensions to them, and maybe ChatGPT just isn't an ads-y product because it's just so deeply accountable to your goals. But it doesn't mean that we wouldn't build other things in the future, too," Turley said.

Bumble's total paying users dropped 8.7 percent to 3.8 million in the second quarter, raising concerns about the effectiveness of its improvement strategies and AI initiatives.

Grifin has raised $11 million in Series A funding and surpassed 500,000 registered users, reflecting strong confidence in its investment model.

Elon Musk’s vision for platform X included projections of reaching 600 million active users by 2025 and 931 million by 2028, indicating ambition for growth.

Netflix's ad-supported tier has grown substantially, now reaching over 94 million users monthly, a significant rise from previous figures reported in 2024.