Tech

Desperate Musk launches X for TV to take on Youtube

Published

2 months ago

March 13, 2024

Since Elon Musk’s acquisition of Twitter (now X) in October 2022, the tech mogul has been experimenting with various initiatives to boost profitability.

Now, taking a cue from YouTube, X is gearing up to launch a video streaming service on its platform, according to a report by SamMobile.

Musk hinted at the imminent release of this feature through a quote tweet from the DogeDesigner’s account, stating, “You can soon watch your favorite X long-form videos directly on your Smart TVs.”

This move underscores X’s transition into a “video-first” platform, as Musk recently declared. It indicates a shift from the typical small content boxes on feeds to a larger screen experience.

X plans to introduce a dedicated app, enabling users to access these videos on Samsung TV and Amazon’s Fire TV.

Musk’s assertion that eight out of ten visits to X involve watching videos further justifies this strategic shift towards video content.

X declines

However, the decision to venture into video streaming comes amid challenges for X, as highlighted by a recent Edison Research report revealing a 30 percent decline in site usage in 2024 compared to the previous year.

In response, X has been doubling down on efforts to revitalize its platform, particularly focusing on creators and advertisers.

In February, X announced plans to provide tools for advertisers to run ads against a curated list of premium content creators, including pre-roll video ads, as reported by Forbes.

This move signifies X’s commitment to attract advertisers and enhance user engagement.

Shows

Is GenerativeAI transforming education?

Published

1 day ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

News

How AI is leveraging Amazon’s fast production

Published

2 days ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Tech

Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.