Despite hefty fees, fines, and loan-loss provisions, some key revenue drivers really came through for most big Canadian banks.
TikTok often gets all the attention, with headlines trumpeting it as Gen Z’s new search engine. But the reality is more nuanced.
The large antitrust penalty on Apple for abusing App Store dominance in music streaming sends a strong message to Big Tech gatekeepers over unfair store practices.
Anthropic’s Claude 3 Opus surpasses OpenAI’s GPT-4 and Google’s Gemini Ultra in safety and performance. Its multimodal approach could attract businesses seeking a secure option.
Nvidia keeps defying gravity, and it’s making Wall Street very anxious: Its AI chips are selling like commodities. Global demand is high, but Big Tech might withdraw its support.
A flying car becomes a best-seller: Alef’s Model A has record preorders, with delivery set for next year. Meanwhile, its standard EV won’t be available until 2035, underscoring auto industry issues.
Over half (51%) of Gen Z consumers worldwide use social media to look up a brand versus 45% who turn to search engines, per GWI Core data from 2023.
On today's podcast episode, we discuss what comes after the end of search as we know it, what generative AI (genAI) is best at today, who the right partner for Paramount+ is, what Ikea's plans to save the mall entail, the most popular alcoholic drinks in the US, and more. Tune in to the discussion with our director of reports editing Rahul Chadha and analysts Ross Benes and Max Willens.
This year has the makings for a major year in advertising, with big events like the Olympics and the presidential election on the calendar. But don’t expect 2024 to follow the same patterns as 2020 or 2016. Following duel strikes and in the midst of streamer consolidation, this year media planners need to be agile aware of changes in consumer sentiment and content. Here are five trends media experts think you should watch.
Knowing how price-sensitive consumers are at this moment, brands need to be extra cautious how they position themselves and their messaging. Otherwise, they could risk angering or alienating consumers, as evidenced by the reaction to recent comments from executives at the WK Kellogg Co and Wendy’s.
Lawsuit challenges OpenAI’s nonprofit roots in light of billion-dollar investments and the rush to reach AGI. It could be a defining moment for AI’s biggest player.
OpenAI joins forces with Figure to develop humanoid robots: AI is a robotics catalyst and Google knows it. OpenAI’s partnership could give it an early sector lead.
Are chatbots the next digital billboards? Startup Adzedek is providing a pay-per-click ad system to AI providers. It’s a revenue lifeline that comes with PR baggage due to AI’s mouthiness.
Brands pivot towards genuine engagement with Black consumers: It’s move prompted by past performative marketing—oh, and a $1.8 trillion market opportunity.
Amazon looks to step into the post-cookie market: Job listings show the company is testing ad solutions for an “identity-restricted world” as Google preps its solution.
Consumers want more AI transparency from brands: AI content isn’t easily discernible, and there are no disclosure rules. How should brands adapt?
Last week, Arc, a web browser from startup The Browser Company, released a new AI-powered feature called pinch-to-summarize, which provides an instant summary of full web pages. That follows Arc’s release of “Arc Search,” a mobile app that will search the internet based on a user’s query and deliver an AI-generated page summarizing the breadth of information it searched. It’s not the only AI tool targeting search. Perplexity is seeing increased attention for its ability to summarize data sets, including searching in Reddit posts or YouTube videos. This month also saw the rebranding of Google’s Bard chatbot to Gemini as the company doubles down on AI search.
Media giants from 17 European countries sue Google for €2.1 billion, claiming ad market manipulation and revenue loss. Intensifying litigation could topple Google’s long-standing practices.
Best Buy expects this will be a “year of increasing industry sales stabilization”: That would be welcome news after a tough few years for consumer electronics.