Skip to main content

Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand | Technology News

Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Labels:

Comments

Post a Comment

Popular posts from this blog

OpenAI Adds a Library Feature in ChatGPT to Let Users Find Their AI-Generated Images in One Place | Technology News

OpenAI Adds a Library Feature in ChatGPT to Let Users Find Their AI-Generated Images in One Place OpenAI is rolling out a new library feature in ChatGPT that will allow users to check all their images generated using artificial intelligence (AI) in a single view. Announced on Wednesday, the new feature is available to all registered ChatGPT users across all its interfaces. The San Francisco-based AI firm said that the library will act as a space to let users brows...
Post a Comment
Read more

OpenAI Said to Be Working on Weekly and Lifetime ChatGPT Subscription Plans | Technology News

OpenAI Said to Be Working on Weekly and Lifetime ChatGPT Subscription Plans OpenAI might be working on introducing more duration-based subscription plans. A tipster shared strings of code from the ChatGPT app and found mentions of a weekly and a lifetime subscription for the artificial intelligence (AI) chatbot. These tiers could be part of the ChatGPT Plus plan. Notably, the pricing details of the tiers are currently unclear.
Post a Comment
Read more

Google Reveals Its Veo 2 Video Generation AI Model’s Pricing on Vertex AI Platform | Technology News

Google Reveals Its Veo 2 Video Generation AI Model’s Pricing on Vertex AI Platform Google has revealed the pricing to generate videos using its latest Veo 2 artificial intelligence (AI) model. The Mountain View-based tech giant will charge users generating video via its Vertex AI platform $0.50 (roughly Rs. 43) per second. This will shoot up to $30 (roughly Rs. 2,600) for a minute-long video generated using the AI model.
Post a Comment
Read more