ChatGPT App Hits Record Revenue 🍭

Today’s Menu 🥠

• Automattic Launches AI Writing Tool

• Humane Pin Facing High Return Rates

• Instagram Adopts New Primary Metric

• Everything Else You Need To Know

Read Time: 2.5 minutes

Fast Snacks 🥡

OpenAI Invests In AI Startup Opal
SoOpenAI is leading a $60 million funding round for Opal, a company known for its high-end Tadpole webcam, which is now also developing AI-enabled creative tools…

ChatGPT’s Mobile App Hits Record Revenue
ChatGPT’s mobile app saw its highest monthly revenue in July, pulling in $28 million after the launch of OpenAI’s GPT-4o model, which added text, speech, and video capabilities…

LLM Hallucination Index: RAG Special
A ranking & evaluation framework for LLM Hallucinations…

More AI Content
Automattic Launches AI Writing Tool

Automattic, the owner of WordPress.com, has introduced "Write Brief with AI," an AI tool designed to make WordPress blog posts more readable and concise.

The tool, available in beta as part of the Jetpack suite, helps users by suggesting simpler language, improving readability, and providing feedback on sentence complexity and confidence.

However, premier advertisers like Raptive & Mediavine have taken a stance against AI-enabled creators, so this new feature likely isn’t met with open arms.

Money Back Please
Humane Faces High Return Rates for AI Pin

Humane is facing significant challenges as returns for its $699 AI Pin outpace sales, accumulating over $1 million in returns against $9 million in total sales.

It launched in April, and instantly started accumulating overwhelmingly negative reviews, with critics citing functionality issues.

Despite raising over $200 million in funding, Humane has shipped around 10,000 units but now has fewer than 7,000 units in customer hands due to the high return rate.

Together with Galileo
LLM Hallucination Index: RAG Special

What’s the best model for RAG?

Our latest LLM Hallucination Index ranks 22 of the leading models on their performance across 3 different RAG tasks, evaluating the correctness of their responses and propensity to hallucinate.

See which model comes out on top and why larger is not always better…

Test Your Skill
Snack Quiz: Choose The Real Image 🔍

Easy To Understand
Instagram Adopts "Views" As Primary Metric

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Instagram is shifting to "views" as the primary metric for measuring content performance across all formats, including Reels, Stories, and photos. 

They’re hoping to simplify content performance tracking for creators by providing a consistent metric regardless of format.

Instagram chief Adam Mosseri emphasized that while views will be the main metric, creators should also monitor "sends per reach" to understand engagement better.

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Everything Else You Need To Know

Cybersquatter Sells Valuable .COM Domain: Jeremy Green Eche, a Brooklyn-based trademark attorney, sold the HarrisWalz.com domain, which he had purchased in 2020, for $15,000 to an anonymous buyer after Kamala Harris announced Tim Walz as her running mate.

Airbnb Expanding Beyond Short-Term Rentals: Airbnb CEO Brian Chesky announced plans to introduce co-hosting, relaunch "experiences," and offer new guest services to diversify the platform's offerings and increase revenue beyond short-term vacation rentals.

Elon’s X Taken To Court In Ireland: X (formerly Twitter) is facing legal action in Ireland for using European user data to train its Grok AI model without consent, violating GDPR regulations, with potential penalties up to 4% of global annual turnover.

Disney’s Hulu buyout could cost it up to $5 billion more: Disney might have to pay up to $5 billion more than its initial $8.6 billion offer to buy Comcast's 33% stake in Hulu, pending the outcome of arbitration to determine Hulu’s fair market value.

Together with Augie
Creating Video Ads For TikTok Just Got Even Easier

If you're a brand or business on TikTok struggling to create content, listen up! TikTok just launched its dynamic new App Center, and Augie Studio is one of the first apps to join.

This all-in-one video editing studio features an intuitive platform that enables anyone, regardless of experience, to create compelling content quickly and easily. Video creation has never been more accessible!

What this means for Brands & Businesses:

🔥 Streamline Your Video Production - Augie Studio has AI-enhanced script-writing, inline recording, hundreds of pre-built AI voices, and our core automated storyboarding technology that makes the content creation process straightforward & seamless.

👉 Access to High Quality Licensed Content For Your Videos - Augie includes access to over 100 million pieces of pre-licensed high quality content from Getty Images, including stock photography, clips, and background music to enhance all of your videos.

🤟 Leveling the Video Advertising Playing Field - Augie's low cost and ease of use, combined with TikTok’s advertising ecosystem, enable small businesses to compete with larger companies by creating impactful video ads without a large budget or technical expertise.

Find Augie in the TikTok App Center or get started today and use code DAILYBITE for 1 month of premium on us!

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