ChatGPT App Hits Record Revenue šŸ­

Disney+ price increasing, Solar giant files for bankruptcy, and more...

Todayā€™s Menu šŸ„ 

  • 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 šŸ„”

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 toolsā€¦

ChatGPTā€™s Mobile App Hits Record Revenue
ChatGPTā€™s mobile app saw its highest monthly revenue in July, pulling in $28 million after the launch of OpenAIā€™s GPT-4o model, which added text, speech, and video capabilitiesā€¦

LLM Hallucination Index: RAG Special
A ranking & evaluation framework for LLM Hallucinationsā€¦

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 isnā€™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.

Whatā€™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 betterā€¦

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Snack Quiz: Choose The Real Image šŸ”

Can you tell which image is real?

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Easy To Understand
Instagram Adopts "Views" As Primary Metric

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

Theyā€™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.

Elonā€™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.

Disneyā€™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 Huluā€™s fair market value.

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