Popular For the third month in a row, ChatGPT, an AI chatbot, loses popularity as traffic declines

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today: New round of layoffs by Goldman Sachs targets underperformers

Fast-Track Insights: NFT game providers benefit from Google's relaxed ad guidelines

The highly regarded AI chatbot ChatGPT created by OpenAI had a third consecutive monthly decline in website traffic in August, according to data from analytics company Similarweb. The ChatGPT website received 1.43 billion visitors worldwide in August, a 3.2% decrease from July. This includes both desktop and mobile visits. According to Reuters, this came after two months of traffic down about 10% each. In addition, since March, the average amount of time users spend on the website has been rapidly reducing, from 8.7 minutes per visit to 7 minutes on average by August.

Goldman Sachs will start a new round of layoffs for underperforming staff. As soon as next month, these reductions might become effective. The Financial Times claims that this forthcoming action is a normal annual practice that typically results in job losses of between 1% and 5% of the entire corporate staff. Within specific divisions of its crucial investment banking and trading businesses, Goldman Sachs plans to concentrate on the lower end of this range. As early as October 31, the process is anticipated to begin.

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Google has changed its guidelines for cryptocurrencies and related items, broadening the types of marketing for games based on NFTs that are now permitted. Advertisers who sell NFT games that don't encourage gambling will be able to promote their items safely starting on September 15 as long as they have been approved by Google. The regulation modification states that for NFT games to be certified, they cannot entail the staking or wagering of NFTs in exchange for a chance to win more NFTs, cryptocurrencies, or anything else with real-world value.