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Facebook’s Workplace hits 3M paying users, launches Portal app in a wider push for video

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facebooks workplace hits 3m paying users launches portal app in a wider push for video

The rapid rise of Slack — which has recently broken the 100,000 mark for paying businesses using its service — has ushered in a rush of competition from other companies across the worlds of social media and enterprise software, all aiming to become the go-to conversation layer for businesses. Today, Workplace, Facebook’s effort in that race, announced a milestone in its growth, along with a bigger push into video services and other improvements.

The service — which starts at $1.50 per month per front-line worker and then has tiers of $4 and $8 — now has passed 3 million paying users, adding 1 million workers from mostly enterprise businesses in the last eight months.

And to capitalize on Facebook’s growing focus on video in its consumer service, Workplace is announcing several steps of its own into video. It’s releasing a special app that can be used on the Portal, Facebook’s video screen; and alongside that, it’s announcing new video features: captioning at the bottom of videos; auto-translating starting with 14 languages; and a new P2P architecture that will speed up video transmission for those who might be watching videos on Workplace in places where bandwidth is constrained.

The features and milestone number are all being announced today at Flock, the Workplace user conference that Facebook puts on each year. Alongside all these, Facebook also announced several other features for its enterprise app (more on the other new features below).

The push to video comes at an interesting time for Workplace on the competitive front. Karandeep Anand, who came to Facebook from Microsoft and currently heads up Workplace with Julien Codorniou managing business development, has made a point of differentiating Workplace from others in the field of workplace collaboration by emphasizing how it’s used by very large enterprises like Walmart (the world’s largest single employer) to bring together on to a single communication platform not just white-collar knowledge workers but also frontline workers.

The company says that today, its customers include 150 companies with over 10,000 active users apiece, with other names on its books including Starbucks, Spotify, AstraZeneca, Deliveroo and Kering.

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The push to video follows that trajectory: it’s a way for Workplace (and Facebook) to differentiate the experience and use cases for the product to businesses, which might already be using Slack but might consider buying this as well, if not migrating away from the other product altogether. (Teams is a different ballgame, of course, as it has a strong video component of its own and also likes to position itself as a product for all kinds of employees, too.)

Workplace’s video efforts here will mark the first time that Facebook is positioning Portal as a product for businesses. This is notable, when you consider there has been some adoption of Amazon’s Alexa in workplace scenarios, too; and that there has been some pushback from consumers about the prospect of having a Facebook video device sitting in their homes. This gives Facebook’s $179 hardware (which will be sold at the same price to businesses) a new avenue for sales.

Video has been a cornerstone of how Workplace has been developing for a while now, with companies using it as a way for, say, the big boss to send out more personalised communications to workers, and for people in workgroups to create video chats with each other. A dedicated screen for video chats takes this idea to the next level, and plays on the fact that video conferencing services like Zoom have caught on like wildfire in modern offices, where people who work together often work in disparate locations.

There is another way that Portal could find some traction with businesses: videoconferencing solutions tend to be very expensive, in part because of the hefty hardware investments that need to be made. Offering a device at $179 drastically undercuts that investment. Codorniou declined to comment on whether Facebook might make a more concerted effort to push this as a cost-effective videoconferencing alternative down the line, but he did point out that today Facebook and Zoom have a close relationship.

The other video features that Workplace is announcing today will further enhance the experience: Facebook will now give users the option to include automatic captions at the bottoms of videos, with the bonus of translation, initially in 14 languages. And the improved video quality for those with limited bandwidth is significantly not something that Facebook has rolled out in its consumer app: the aim is to improve the quality of broadcasting in scenarios where bandwidth might not be as strong but there are simultaneous people watching the same event — something you could imagine applying, say, at a company all-hands or town hall event with remote participants.

Alongside all of these video features, Workplace is adding in a host of other features to expand the use cases for the product beyond basic chatting:

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  • New learning product. This is not about e-learning per se, but Workplace is now offering a way for HR to add onboarding teaching and videos into Workplace for new employees or new services at the company. There are no plans right now to expand this to educational content, Codorniou said.
  • Surveys are also coming to Workplace. These will be set by administrators — not any worker at any time — and it seems that for now there will be no anonymity, so that will mean it’s unlikely that these will cover any sensitive topics, and might in any case see a chilling effect in how people feel they can respond.
  • Frontline access is getting overhauled in Workplace, where people who do not use company email addresses will now be able to create accounts using generated codes.
  • Those admins that are trying to track how well Workplace is actually working for them will also be able to track engagement and other metrics on the platform.

Workplace is also adding in some gamification features to the platform, where people can publicly thank people, set and follow workplace goals and award badges to individuals who have achieved something in areas like sales, anniversaries or other positive milestones.

As with the video features, the idea is to bring services to Workplace that you are not necessarily getting in Slack and other competitive products. That is the maxim also when the features are replicas of features you might have seen elsewhere, but not all in one consolidated place.

Asked what he thought about the claims that Facebook is too much of a “copycat” when it came to building new features, Codorniou was defensive. “I think Workplace itself is getting to a market that has been untouched before. When it comes to badges or goals, for example, yes people have but these before, but the difference is that we are offering them to a wide network of people. If you have to use a separate app, it’s not a great experience.”

And, he added, “everything that we ship is the result of customer feedback and requests. If they tell us they want these, it means they’re not finding what they needed on the market.”

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FACEBOOK

Facebook Faces Yet Another Outage: Platform Encounters Technical Issues Again

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Facebook Problem Again

Uppdated: It seems that today’s issues with Facebook haven’t affected as many users as the last time. A smaller group of people appears to be impacted this time around, which is a relief compared to the larger incident before. Nevertheless, it’s still frustrating for those affected, and hopefully, the issues will be resolved soon by the Facebook team.

Facebook had another problem today (March 20, 2024). According to Downdetector, a website that shows when other websites are not working, many people had trouble using Facebook.

This isn’t the first time Facebook has had issues. Just a little while ago, there was another problem that stopped people from using the site. Today, when people tried to use Facebook, it didn’t work like it should. People couldn’t see their friends’ posts, and sometimes the website wouldn’t even load.

Downdetector, which watches out for problems on websites, showed that lots of people were having trouble with Facebook. People from all over the world said they couldn’t use the site, and they were not happy about it.

When websites like Facebook have problems, it affects a lot of people. It’s not just about not being able to see posts or chat with friends. It can also impact businesses that use Facebook to reach customers.

Since Facebook owns Messenger and Instagram, the problems with Facebook also meant that people had trouble using these apps. It made the situation even more frustrating for many users, who rely on these apps to stay connected with others.

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During this recent problem, one thing is obvious: the internet is always changing, and even big websites like Facebook can have problems. While people wait for Facebook to fix the issue, it shows us how easily things online can go wrong. It’s a good reminder that we should have backup plans for staying connected online, just in case something like this happens again.

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

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We asked ChatGPT what will be Google (GOOG) stock price for 2030

Investors who have invested in Alphabet Inc. (NASDAQ: GOOG) stock have reaped significant benefits from the company’s robust financial performance over the last five years. Google’s dominance in the online advertising market has been a key driver of the company’s consistent revenue growth and impressive profit margins.

In addition, Google has expanded its operations into related fields such as cloud computing and artificial intelligence. These areas show great promise as future growth drivers, making them increasingly attractive to investors. Notably, Alphabet’s stock price has been rising due to investor interest in the company’s recent initiatives in the fast-developing field of artificial intelligence (AI), adding generative AI features to Gmail and Google Docs.

However, when it comes to predicting the future pricing of a corporation like Google, there are many factors to consider. With this in mind, Finbold turned to the artificial intelligence tool ChatGPT to suggest a likely pricing range for GOOG stock by 2030. Although the tool was unable to give a definitive price range, it did note the following:

“Over the long term, Google has a track record of strong financial performance and has shown an ability to adapt to changing market conditions. As such, it’s reasonable to expect that Google’s stock price may continue to appreciate over time.”

GOOG stock price prediction

While attempting to estimate the price range of future transactions, it is essential to consider a variety of measures in addition to the AI chat tool, which includes deep learning algorithms and stock market experts.

Finbold collected forecasts provided by CoinPriceForecast, a finance prediction tool that utilizes machine self-learning technology, to anticipate Google stock price by the end of 2030 to compare with ChatGPT’s projection.

According to the most recent long-term estimate, which Finbold obtained on March 20, the price of Google will rise beyond $200 in 2030 and touch $247 by the end of the year, which would indicate a 141% gain from today to the end of the year.

2030 GOOG price prediction: Source: CoinPriceForecast

Google has been assigned a recommendation of ‘strong buy’ by the majority of analysts working on Wall Street for a more near-term time frame. Significantly, 36 analysts of the 48 have recommended a “strong buy,” while seven people have advocated a “buy.” The remaining five analysts had given a ‘hold’ rating.

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1679313229 737 We asked ChatGPT what will be Google GOOG stock price
Wall Street GOOG 12-month price prediction: Source: TradingView

The average price projection for Alphabet stock over the last three months has been $125.32; this objective represents a 22.31% upside from its current price. It’s interesting to note that the maximum price forecast for the next year is $160, representing a gain of 56.16% from the stock’s current price of $102.46.

While the outlook for Google stock may be positive, it’s important to keep in mind that some potential challenges and risks could impact its performance, including competition from ChatGPT itself, which could affect Google’s price.


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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This Apple Watch app brings ChatGPT to your wrist — here’s why you want it

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Apple Watch Series 8

ChatGPT feels like it is everywhere at the moment; the AI-powered tool is rapidly starting to feel like internet connected home devices where you are left wondering if your flower pot really needed Bluetooth. However, after hearing about a new Apple Watch app that brings ChatGPT to your favorite wrist computer, I’m actually convinced this one is worth checking out.

The new app is called watchGPT and as I tipped off already, it gives you access to ChatGPT from your Apple Watch. Now the $10,000 question (or more accurately the $3.99 question, as that is the one-time cost of the app) is why having ChatGPT on your wrist is remotely necessary, so let’s dive into what exactly the app can do.

What can watchGPT do?

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