00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Ex-CEO Elon Musk unveiled new advertising technology on Wednesday, according to Benzinga.
00:07During a live stream to advertisers, Musk told advertisers on Wednesday
00:10that X's upgraded ad technology can now deliver more relevant ads tailored to users' needs.
00:15He said X's old ad system showed irrelevant spam,
00:18but argued that well-timed, need-based ads should be considered content.
00:22Musk promoted Grok's AI ad matching and earned product-specific ads,
00:25stressing that X's users are the wealthiest demographic across any platform.
00:29The announcement follows recent changes to X's ad strategy,
00:32including charging advertisers based on vertical screen size to improve user experience,
00:37in an effort to bring major brands back to the platform.
00:39For all things money, visit Benzinga.com.
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