Dear Reader, there are no algorithms at 3QD-just six human editors trying to keep a human-curated corner of the internet alive. But recent changes in Google search and other AI-driven shifts have cut our already modest advertising revenue to less than half of what it was just last year. 3QD remains mainly a labor of love, but we do need enough income to cover basic costs.
New Jersey, I think, has really strained the taxation system to its breaking point. We have the highest corporate taxes in the nation right now. Simply looking to fare hikes and taxes is just not an option,
OpenAI has introduced ChatGPT Atlas, a new AI-powered web browser designed to challenge dominant browsers such as Google Chrome and Microsoft Edge. The browser offers users a more seamless way to access information, complete tasks, and interact with digital content without switching tabs or copying and pasting. Atlas aims to serve as a context-aware assistant, capable of understanding user intent and drawing on previous conversations to enhance productivity.
OpenAI said Tuesday it is introducing its own web browser, Atlas, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Making itself a gateway to online searches could allow OpenAI, the world's most valuable startup, to pull in more internet traffic and the revenue made from digital advertising.
It enjoyed 13% year-over-year growth in total view time. Ad revenue spiked 31% from last year, fueled by Fox's bold move to stream the Super Bowl on Tubi alongside broadcast TV. The event drew a record 127.7 million viewers - Tubi had 24 million unique viewers - supercharging ad rates and proving free access can rival paid models for live spectacles.
Meta Platforms financial results have been impressive in the first half of the year. Its strong growth has been fueled by robust advertising demand and an engaged user base across its social media apps. The company, which owns Facebook, Instagram, WhatsApp, Messenger, and Threads, is making significant investments in artificial intelligence (AI) and innovative ad formats -- all while revenue and earnings are soaring. No wonder the Street has been buying up the stock.
The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap's most important market. Spiegel does highlight one bright spot: Snapchat+ subscriptions now generate over $700 million in annual recurring revenue from more than 15 million paying subscribers, making direct revenue "one of Snap's fastest-growing opportunities."
Total net revenues-- Total net revenues were RMB 7.3 billion in the second quarter, up 20% year over year, with games and advertising as the main growth drivers. Games revenue-- Increased 60% year over year to RMB 1.6 billion, propelled by new seasons of the SLG title and celebration events. Advertising revenue-- Grew 20% year over year to RMB 2.4 billion, supported by AI integration, enhanced ad infrastructure, and an increased advertiser base.
