About
NetChoice is a trade association fighting for free speech and free enterprise online. This page is a new education project of NetChoice’s.
The goal of our Tech Competition webpage is to show how the abundance of competition in the tech industry benefits consumers through new exciting services, and market signals pushing businesses to constantly innovate and improve their offerings to their customers. We’ll keep this page updated frequently with news and facts that highlight the prevalence and impact of vigorous competition in U.S. tech markets.
If you have any further questions, please visit NetChoice.org/contact-us.
Posts
Tech Competition is Helping Americans. Here's How.
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Thursday • June 27, 2024
TikTok Goes After Amazon Prime Day With Exclusive Brand Deals
When TikTok Launched Shop, it Quickly Became a Clear Rival to Online Retailers Temu, Shein, and Amazon
TikTok is challenging Amazon Prime Day next month with “Deals For You Days,” the social-media company’s own U.S. sales event that will feature savings on thousands of products from brands and retailers like L’Oréal Paris, Our Place, Too Faced and Zwilling USA.
Beginning July 9, the sales event will feature deals exclusively on TikTok Shop, with merchants and creators participating in content challenges for short video and TikTok Live shopping events “where they can interact directly with their followers and share their favorite products and best-sellers,” the company said in a recent statement.The Live shopping events are indicative of TikTok’s Chinese doppelganger app Douyin, on which live-streams mark its biggest revenue driver, and will offer exclusive discounts on trending brands like Benefit Cosmetics and COOLA, as well as viral creators like Simply Mandys and Canvas Beauty founder Stormi Steele.
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Wednesday • June 19, 2024
Snapchat AI turns prompts into new lens
Snapchat’s Upcoming On-Device AI Model Could Transform Your Background — and Your Clothing — in Real Time
Snapchat offered an early look at its upcoming on-device AI model capable of transforming a user’s surroundings with augmented reality (AR). The new model will eventually let creators turn a text prompt into a custom lens — potentially opening the door for some wild looks to try on and send to friends.
You can see how this might look in the GIF below, which shows a person’s clothing and background transforming in real-time based on the prompt “50s sci-fi film.” Users will start seeing lenses using this new model in the coming months, while creators can start making lenses with the model by the end of this year, according to TechCrunch.
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Friday • June 14, 2024
Pinterest launches AI ad tools
Pinterest is Rolling Out New AI-Powered Ad Tools and Partnerships to Drive Better Performance and Brand Safety
Pinterest is rolling out new AI-powered ad tools and measurement partnerships to drive better performance and brand safety for advertisers. Pinterest is investing heavily in generative AI capabilities for more engaging, personalized ad formats and automating campaign optimization.
Pinterest is launching an “Ad Labs” innovation program to test prototypes like: Personalized background generation using its visual search AI to create aesthetically tailored lifestyle backgrounds for Product Pins. Interactive, shoppable collage ads that let users curate brand imagery, with early tests driving strong engagement.
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Tuesday • June 11, 2024
TikTok comes for Google as it quietly rolls out image search capabilities in TikTok Shop
TikTok Appears to be Interested in Challenging Google’s Dominance in Search
The feature, which was first spotted by X user Jonah Manzano, is available to all users in the United States and Southeast Asia. Users who have access to the new feature will see it in the form of a camera icon in the search bar in TikTok Shop.
Say you’re at a restaurant and really like the plate you’re served on. You could open up the TikTok app and snap a picture of it to find similar items available for purchase on TikTok Shop. Or say you’re online shopping and find a top you like that’s too expensive. You could save the image and then upload it to find something similar with a cheaper price tag.
While you have always been able to search for specific items on TikTok Shop, you no longer have to rely on textual descriptions. The ability to use image search for shopping is something that Google has offered for years with Google Lens, its visual search tool. Image search is also currently offered by Amazon, another tech giant that TikTok is looking to compete with.
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Thursday • May 16, 2024
Reddit to Give OpenAI Access to Its Data in Licensing Deal
OpenAI Will Become a Reddit Advertising Partner
Reddit says it signed a deal with OpenAI to give the artificial-intelligence startup access to its data, following similar arrangements it made with Google and public-relations software firm Cision. San Francisco-based Reddit says the deal will bring its content to OpenAI’s ChatGPT chatbot and new products and that OpenAI will become a Reddit advertising partner. Further, Reddit users and moderators will gain new AI-powered features. Shares in Reddit rose 11% in after-hours trading following the company’s announcement of the deal. Financial terms weren’t disclosed.
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Thursday • May 16, 2024
TikTok tests 60-minute video uploads as it continues to take on YouTube
The Feature is Available to a Limited Group of Users in Select Markets, and TikTok Says it Doesn’t Have Any Immediate Plans to Make the Feature Available Widely
The feature, which was first spotted by social media consultant Matt Navarra, marks a shift from TikTok’s original format. The app allowed users to upload 15-second videos at launch, but TikTok has been increasing that limit over the past few years. While the company rose to popularity for its short-form video format, it has slowly been embracing long-form content to take on one of its biggest competitors: YouTube.
TikTok says that while creators can weave multipart stories together by telling viewers to go to part two or more of a story, it often hears from creators who want more time for things like cooking demos, beauty tutorials, educational lesson plans, comedic sketches and more.
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