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Showing posts from July 5, 2023

ChatGPTs Traffic Sees 9.7 Percent Drop in June First Decline Since Launch of Generative AI Tool

ChatGPT , the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7 percent in June from May, while unique visitors to ChatGPT's website dropped 5.7 percent. The amount of time visitors spent on the website was also down 8.5 percent, the data shows. Decreasing traffic is a sign of the chatbot's novelty wearing off, said Similarweb's Senior Insights Manager David Carr, while RBC Capital Markets analyst Rishi Jaluria explained the data points to more demand for generative AI with real-time information. OpenAI did not immediately respond to a request for comment. ChatGPT set off a frenzied use of generative AI in daily tasks from writing to coding and reached 100 million monthly active users in January, two months after its launch. It is the fastest-growing consumer a

Threads Launched by Meta as Mark Zuckerberg's Much-Anticipated Twitter Rival Comes to iOS and Android: Details

Facebook behemoth Meta officially launched Threads, its text-based rival to Twitter, on Wednesday —  but its release in Europe has been delayed over regulatory concerns. Threads is the biggest challenger yet to Elon Musk -owned Twitter , which has seen a series of potential competitors emerge but not yet replace one of the social media's most iconic companies, despite its epic struggles. The app went live on Apple and Android app stores at 23:00 GMT (4:30am IST) with accounts already active for celebrities such as Shakira and Jack Black and media outlets including The Hollywood Reporter, Vice and Netflix. "Let's do this. Welcome to Threads," wrote Meta chief executive and Facebook founder Mark Zuckerberg in his first post on the new platform. The app was introduced as a clear spin-off of Instagram, offering it a built-in audience of more than two billion users and thus sparing it the challenge of starting from scratch. Zuckerberg is widely understood to be ta

Data Protection Bill's Draft Approved by Centre Rs. 250 Crore Penalty Proposed on Violations

The Union Cabinet has approved draft of Digital Personal Data Protection (DPDP) Bill 2023 for tabling it in the upcoming monsoon session of Parliament, an official source said on Wednesday. The bill proposes to levy penalty of up to Rs. 250 crore on entities for every instance of violation of norms in the bill. "The Cabinet has approved draft of the DPDP bill. It will be tabled in Parliament in the upcoming session," the source said. Monsoon session of Parliament will be held from July 20 to August 11. According to the source, the bill includes almost all the provisions of the last draft that was issued by Ministry of Electronics and Information Technology for consultation. The source said government entities have not been granted blanket exemption under the proposed law. "In case of disputes, Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are lot of things that will evolve gradually,"

Apple Watch Ultra With Micro-LED Display Likely to Launch in 2026: Report

Apple Watch Ultra 2nd generation is said to be in development, and is likely to succeed the Apple Watch Ultra , that was unveiled in September 2022. Previous reports suggested that the watch may launch by the end of 2024 or early 2025 with a microLED display. However, a new report now suggests that the launch of the next Watch Ultra has been pushed to 2026. The company has been tipped previously to be working on microLEDs for all their devices including the iPhone, iPad, and Mac. It had been tipped that the 2nd generation of the Apple Watch Ultra will be the first to have the microLED feature in its segment. Citing a TrendForce report, South Korean publication, The Elec, said in a report that the 2nd generation of the Apple Watch Ultra or the Apple Watch Ultra 2 will release later than previously anticipated. The research reportedly says that it is likely for the company to launch the smart wearable in 2026. This is a contradiction over the existing reports and leaks that suggested

Account Abstraction Could Onboard Billions of Asians to Web3 Experts Predict: Heres What It Means

Asia, the largest continent comprising 51 nations, is garnering the attention of Web3 players from different parts of the world, owing to its diverse market. ‘Account abstraction' or Blockchain-based smart accounts could be the next thing that could onboard billions of Asians onto Web3, industry experts seem to believe. Essentially, account abstraction is a blockchain technology that lets users use smart contracts as their primary accounts. More Web3 players and dApps developers are customising their products in alignment with the needs and popular patterns of the Asian market. The observation was highlighted by Laura Shi, the director of strategic initiatives at ConsenSys, during a recent interview with CoinTelegraph. ConsenSys is an Ethereum software solutions provider. In the coming times, account abstraction or smart accounts could gain popularity as they would not only keep account details invisible on the Ethereum blockchain , but also allow users to control and decide how