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News on Medial
Despite usage declines, X remains ‘stickier’ than first thought
TechCrunch
·
1y ago
Medial
According to data from research firm Sensor Tower, X (formerly known as Twitter) saw a 16% drop in daily active users in September, while the average time spent daily per user fell 2% YoY in Q3. However, another firm, Apptopia, suggests that the decline in daily active users may not be due to users leaving, but rather a lack of new users joining after the app rebranded. Despite declining usage, X still retains its pull, with its power users accounting for a significant portion of total time spent on the app. The tight integration of Threads with Instagram and the resources of Meta may give it a chance to compete with X, but other rivals may struggle to convince X users to switch.
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Hollywood doesn’t want you to know how much AI it’s already using.
The Verge
·
2m ago
Medial
A Vulture report reveals that Hollywood's use of AI technology is more prevalent than publicly acknowledged, despite previous backlash against its use in entertainment. Studios are increasingly adopting AI while attempting to keep their usage concealed. This trend reflects a broader industry push towards integrating generative AI, even as public sentiment remains cautious. Despite the challenges, the adoption of AI in Hollywood seems to be growing steadily, suggesting a significant technological shift in the industry.
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Tariff tug-of-war clouds global outlook; stock pickers to lead the charge: Manishi Raychaudhuri
Economic Times
·
28d ago
Medial
Manishi Raychaudhuri discusses the Asian market's resilience amid tariff uncertainties, noting a strong first half in 2023 with potential challenges ahead. He highlights the importance of stock picking, focusing on companies with assured growth. The confusion on tariffs affects supply chain planning, but regional domestic consumption in countries like China and India remains strong. Despite earnings estimate declines, India may see improvements driven by government actions and favorable economic conditions. Valuation corrections heighten attractiveness for investors.
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Elon Musk says X saw record usage during US presidential debate
Economic Times
·
1y ago
Medial
Elon Musk's social media platform X experienced record usage during the first presidential debate between Joe Biden and Donald Trump. X reported a 19-fold increase in conversation about the debate, reaching its peak 90 minutes in. The platform tracked over 2 billion impressions, 242 million video views, and 2 million posts during the event. Users praised the freedom to express their opinions without censorship. Despite some Democrats expressing disappointment in Biden's performance, the President stated that he believes he did well and dismissed suggestions of stepping aside.
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Indian tech startup funding slips to $4.8B in H1 2025: Report
YourStory
·
1m ago
Medial
Indian tech startups raised $4.8 billion in the first half of 2025, a 25% decrease from the previous year, as reported by Tracxn. All funding stages experienced double-digit declines, with seed-stage funding at $452 million, early-stage at $1.6 billion, and late-stage at $2.7 billion. Only five funding rounds exceeded $100 million. Transportation and Logistics Tech emerged as the leading sector, contributing significantly to the funding pool. Despite the decline, the Indian tech ecosystem remains resilient and mature.
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Linda Yaccarino and X got off easy at the Senate hearing
Business Insider
·
1y ago
Medial
The Senate hearing on child exploitation and social media focused heavily on Mark Zuckerberg and Shou Zi Chew, while X CEO Linda Yaccarino managed to avoid tough questioning. Zuckerberg faced the most scrutiny, especially regarding his alleged ignorance of an email concerning teen well-being. Yaccarino stated that less than 1% of X users in the US are under 18, but it remains unclear how X tracks user ages. Although X has more adult users, it doesn't mean that teens hardly use the platform. Yaccarino also addressed concerns about X's investment in trust and safety teams. Despite avoiding embarrassment at the hearing, X still faces challenges with handling child exploitation material.
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Meet the Tesla diehards sticking with the stock despite its disastrous year
Livemint
·
1y ago
Medial
Individual investors have remained committed to Tesla despite recent stock market declines. Many are drawn to the company's technology and CEO Elon Musk's vision, even though Tesla shares have fallen nearly 40% this year. Estimates suggest that individual investors have invested a net $5.9 billion into Tesla in 2024. While some investors are considering selling their shares due to frustration with stock declines and design choices, others are sticking with their investments and taking advantage of the lower valuation. Tesla remains a controversial stock among analysts, with varying opinions about its future prospects.
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Investcorp Mulls Wrapping Up Second India Fund By 2024
Inc42
·
1y ago
Medial
Bahrain-based investment manager Investcorp is looking to close its second India-focused investment fund by the end of 2024. The firm, which manages over $50 billion in assets, has already secured more than half of the targeted corpus for the India private equity fund. Investcorp entered the Indian market in 2019 and aims to support 10-15 companies over the next three years with deal sizes ranging from $30 million to $50 million. Despite recent funding declines in the Indian startup ecosystem, Investcorp remains optimistic about the future prospects of IPOs for startups in 2024.
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Character.ai Surpasses ChatGPT in Mobile App Usage in the US
Robots
·
1y ago
Medial
Character.ai, a mobile AI app allowing users to design AI characters, has gained traction with 4.2 million monthly active users in the US, rivaling ChatGPT's nearly 6 million users. The app's focus on mobile usage and appeal to younger audiences have contributed to its success. Despite launching in May 2023, Character.ai showed impressive growth, with over 1.7 million installations in the first week. While ChatGPT remains dominant on the web, Character.ai's mobile-centric strategy has led to its rise in popularity.
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As X loses its CEO, daily usage is down and competition is growing
TechCrunch
·
28d ago
Medial
X, formerly led by CEO Linda Yaccarino, is grappling with a 10% drop in daily active users, amid heightened competition from Meta's Threads and other rivals. Despite maintaining a 65% larger user base than Threads, X’s growth has stalled. Threads, leveraging its connections with Meta’s platforms, is rapidly expanding, nearing X’s mobile user figures and boosting its app's ad ecosystem. X’s user engagement remains strong, but the competitive landscape is intensifying.
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Linda Yaccarino's two years at X were about restabilising a platform in crisis - The Economic Times
Economic Times
·
29d ago
Medial
Linda Yaccarino, joined X, formerly Twitter, to stabilize its business amid a rebranding crisis. Under Elon Musk, X aimed to become an "everything app," expanding features but faced declining usage and advertising revenue due to controversial statements. Despite her advertising expertise, Musk's actions, such as suspending journalist accounts and rebuking advertisers, fueled unrest. Yaccarino focused on product development, yet stepped down after over two years amidst continued controversies. Her future plans remain undisclosed.
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