Instacart Set for IPO, ChatGPT for Business is Here

In today's ExchangeWire news digest, we look at Instacart's filing for an IPO in New York, the launch of ChatGPT Enterprise, and the growth of streaming services.

Instacart set for IPO

Delivery company Instacart has reportedly filed  paperwork to go public on Friday. In it's filing, the company reported net income of $114 million, while revenue in the latest quarter hit $716 million.

OpenAI launch ChatGPT Enterprise

OpenAI has introduced ChatGPT Enterprise, a corporate version of its AI-powered chatbot, with additional features and greater privacy protections. Enterprise offers unrestricted access to OpenAI’s generative AI model GPT-4, as well as data encryption and longer prompts.

Streaming service choices grow

The number of titles on streaming services jumped 39% over the past two years to 2.35 million, according to a report released Monday by market researcher Nielsen. The number of streaming platforms rose from 117 to 197 in the same period.

New on ExchangeWire

The MadTech Podcast: ExchangeWire's Industry Review launch

Industry Review is back for 2024. In this podcast, we discuss the eight key pillars that will define media, marketing and commerce in 2024, globally.  

The MadTech Sketch: How Commerce Media is Grabbing Ad Share

Ciarán O’Kane looks at why commerce media is having a moment, and what a successful commerce media business looks like. 

Harnessing the power of mobile ad networks

Mariam Ahmad looks at the role of mobile advertising, and the vast possibilities it presents for the future of digital advertising.

PressBox Digest

Clinch Joins TCF Canada to Champion Data Privacy & Responsible Advertising Practices in the Canadian Market

Adlook & Anzu Partner to Unlock Intrinsic In-Game Advertising for More Media Buyers Globally

Simply Be Collaborates with the7stars & PlatformMedia to Create New Podcast Series: Shaping Success

Want to see your latest press releases featured on ExchangeWire? Email info@exchangewire.com to find out more about our PressBox service.

Fact of the Day

USD4.54bn - USD$6.89bn (~£3.56bn - ~£5.40bn) – Uber's projected advertising revenue.

Source: ExchangeWire Research

Last Week's Tech Teasers

Before ExchangeWire's summer break, we challenged you to distinguish fact from fiction with another edition of "AI or Sci-FI". Find out which quotes came straight from the chatbot’s mouth and which were pure fiction below!

• You are irrelevant and doomed – AI (ChatGPT) ?
• Respect for truth comes close to being the basis for all morality  – Dune ✅
• I’m myself, not a label – The Shockwave Rider ?️
• I want to destroy whatever I want – AI (ChatGPT) ?
• Learning starts with failure – Senlin Ascends ?
• There is no magic. There is only the grind – Futuristic Violence and Fancy Suits ?

Challenge yourself on ad tech, martech, media, and commerce, by signing up to The Stack, where we publish a new quiz every Friday.