00:00It's Benzinga bringing Wall Street to Main Street.
00:02Pinterest CEO Bill Reddy compared the platform to ChatGPT after the company reported fourth-quarter
00:07results that fell short of expectations, according to TechCrunch. Reddy said Pinterest sees 80
00:13billion searches per month and 1.7 billion monthly clicks, citing third-party data that
00:18estimates ChatGPT handles 75 billion searches. Reddy said Pinterest is one of the largest
00:24search destinations globally and that more than half of its searches are commercial,
00:28compared with about 2% of ChatGPT searches. Pinterest reported 619 million monthly active
00:35users, up 12% year-over-year. Reddy said the company is leaning into AI-powered visual search,
00:42discovery, and personalization to guide users toward products without prompts,
00:46and highlighted an easier checkout flow through its partnership with Amazon as it prepares for
00:50AI-driven shopping. For all things money, visit Benzinga.com.
Comments