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- X, Rumble sue advertising groups over “systematic illegal boycott”
X, Rumble sue advertising groups over “systematic illegal boycott”
Bay Area Times
August 07, 2024
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Top stories today:
- X, Rumble sue advertising groups over “systematic illegal boycott”
- OpenAI launches Structured Outputs, cut prices
- Figure AI unveils new 02 humanoid robot, claiming best-in-class status
- Google TV Streamer replaces Chromecast as AI-enabled set-top box
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. X, Rumble sue advertising groups over “systematic illegal boycott”
X’s antitrust lawsuit is against GARM and the World Federation of Advertisers.
GARM is accused of withholding X's ad revenue.
Coalition allegedly encouraged advertisers to avoid X after Musk’s deal.
Rumble filed parallel antitrust suits against GARM, WFA, ad agency WPP and its subsidiary GroupM.
X saw -53% in U.S. Q2 revenue to $114M largely due to the advertisers’ boycott.
$2B in ad revenue is expected for 2024, vs. $4.5B in 2021, before Elon acquired X.
2. OpenAI launches Structured Outputs, cut prices to bring them closer to Llama 3.1 405B’s
OpenAI claims 100% reliability in generating exact JSON schemas provided by developers:
Making more reliable “multi-step agentic workflows that allow LLMs to take actions.”
Pricing now $2.50/1M input tokens (-50%) and $10/1M output tokens (-33%), vs. $2.70/1M for both input and output tokens at Deepinfra for Llama 3.1 405B, the open weights model from Meta with similar quality scores.
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