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Still searching: Bing’s still big in the game

Still searching: Bing’s still big in the game

ChatBingo

In one of our last newsletters of 2022, we charted the remarkable rise of ChatGPT, a chatbot from OpenAI that hit 1 million users in just 5 days. Now, per a report from The Information, Microsoft is looking to upgrade its search engine offering by incorporating ChatGPT’s capabilities into Bing.

Sometimes labeled "a joke" in the tech world — with reports that the most-searched term on Bing is “Google” — Microsoft's search engine has long been in a distant second place in search. But, if it is a joke, it’s Microsoft that gets the last laugh, as Bing still hauls in billions of dollars every year. In fact, Bing’s advertising revenue is not far from the ~$9bn that Twitter &Snapchat make combined.

Having already invested more than $1bn into OpenAI, Microsoft has arrangements for commercial uses of products like ChatGPT that — in theory — could help turn Bing into a much more legitimate competitor with Google.

Still searching

ChatGPT, or another NLP tool, would analyze the language used in web pages and search queries to understand the context and intent behind them. This would allow Bing to have a better understanding of what users are looking for when they perform a search. Using this understanding of user intent, Bing could then provide more accurate and relevant search results, as it would have a better idea of what users are trying to find.

That ability to better understand intent has already made Google concerned — with Sundar Pichaideclaring a “code red” moment for the company over the proliferation of chatbots like ChatGPT.

P.S. We didn’t write the paragraph below "Still searching". Instead, we asked ChatGPT “Could ChatGPT help Bing to improve its search results?”. That paragraph was, word for word, just part of its response.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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