web browser opera introduces new ai tool

The company behind the web browser Opera announced recently that it plans to add a feature that will allow users to tap on the technology of ChatGPT – the generative AI solution created by OpenAI – to enhance their browsing experience.

The tool will be incorporated into the web browser’s sidebar and will be first used to summarize the content found on any given website the user is visiting. That feature will be called “shorten’ and will use the AI-powered chatbot to create the summaries.

“Following the mass interest in generative AI tools, we believe it’s now time for browsers to step up and become the gateway to an AI-powered web”, the Co-Chief Executive Officer of the software company, Song Lin, commented in the official press release published to announce these upcoming enhancements.

Meanwhile, the company’s Head of Strategic Partnerships, Per Wetterdal, stated: “We see the rise of Generative Intelligence as the beginning of a new future in which consumer app developers like Opera will be able to build experiences on top of AI-based platforms.”

He added: “We are excited to see the rapid roll-out of developer programs for solutions such as Google Bard, for example, and are starting to build and roll out new experiences in web browsing that not very long ago seemed impossible to achieve”.

ChatGPT Amassed a Third of Opera’s MAUs in Just a Couple of Months

Same as all web browsers, Opera is facing the increasing threat of generative AI solutions like ChatGPT that users are now resorting to for finding the answers they are looking for on the web.

The Opera web browser reportedly had over 321 million monthly active users (MAU) according to the company’s latest quarterly report. The firm generates revenue primarily from search and advertising.

ChatGPT managed to attract more than 100 million monthly active users in less than two months – a third of Opera’s MAUs – and that triggered the alarms at the headquarters of most companies in the internet search business.

In response, Microsoft (MSFT), OpenAI’s top backer, rapidly introduced a new revamped version of its flagship search engine Bing that is powered by a proprietary AI model called Prometheus that uses the technology created by the firm founded by Sam Altman.

Meanwhile, Alphabet, the parent company of the world’s most popular search engine, Google, also introduced a solution called Bard that will also shape how users browse and make searches on the internet by using artificial intelligence.

OpenAI also introduced a premium version of its generative AI technology called ChatGPT Plus to monetize the increasing popularity of its solution. The subscription costs $20 per month and allows users to get access to the chatbot during peak usage periods and also provides faster responses to their text prompts.

More Details About Opera

Opera is a Norway-based tech company that was founded in 1995 and that competes directly with well-established software developers including Microsoft, Alphabet (GOOG), and the Mozilla Corporation – the creators of the Firefox web browser.

Aside from web browsing, the company also offers a live chat solution, a news reading app called Opera News, a platform to create video games, and a program that offers cash-back rewards for users who make purchases in any of the hundreds of vendors that participate in it.

During the first nine months of 2022, Opera generated total revenues of $234.77 million resulting in a 31.6% jump compared to the same figure reported a year ago.

In regards to the firm’s financial performance during these first three quarters of last year, CEO Song commented: “While the macroeconomic outlook remains highly uncertain, we are pleased to yet again observe that our strategic choice to focus product innovation around high-ARPU users in the US and in Europe continues to drive strong underlying performance.”

He added: “The substantial revenue growth and profitability expansion we report today exceed our earlier increased guidance and demonstrate the growth potential of our core strategy even in turbulent times.”

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