Interface.ai Raises $30 Million to Democratize AI for Banks
Interface.ai raises $30 million to expand its customer automation platform for banks, democratizing access to AI technology for regional and community-based financial institutions.
Sophia Steele
YouTube has officially launched its 'Premium Lite' subscription plan in the United States, offering users an ad-free experience for most videos at a lower price point of $7.99 per month. This new tier is a more affordable alternative to the standard YouTube Premium subscription, which costs $13.99 per month.
The 'Premium Lite' plan, which has been in pilot mode in select markets since 2021, removes ads from the majority of videos, including those in the gaming, fashion, beauty, news, and more categories. However, music videos are exempt from this ad-free experience, and users will still need to opt for the standard Premium plan to enjoy ad-free music content, as well as additional features like offline downloads and background playback.
YouTube's decision to expand 'Premium Lite' to the US market is likely a response to the growing demand for ad-free experiences, particularly among users who are willing to pay for a more streamlined viewing experience. The company has been testing the plan in various markets, including Thailand, Germany, and Australia, and plans to roll it out to additional countries later this year.
The introduction of 'Premium Lite' also highlights YouTube's efforts to diversify its revenue streams and attract a broader range of users. With over 125 million subscribers globally, including trial users, the platform is looking to capitalize on its massive user base by offering more tailored subscription options.
It's worth noting that 'Premium Lite' subscribers may still encounter "non-interruptive ads" when searching and browsing the platform, in addition to ads attached to music and shorts content. This caveat may impact the overall ad-free experience, but it's clear that YouTube is committed to providing users with more choices and flexibility in their viewing experience.
The launch of 'Premium Lite' in the US market is a significant development in the streaming landscape, and it will be interesting to see how users respond to this new subscription option. As the platform continues to evolve and adapt to changing user preferences, it's likely that we'll see further innovations and updates to YouTube's subscription offerings.
In the meantime, users in the US can now take advantage of the 'Premium Lite' plan, which offers a more affordable way to enjoy an ad-free YouTube experience. With the platform's global reach and massive user base, this new subscription tier is likely to have a significant impact on the streaming industry as a whole.
Interface.ai raises $30 million to expand its customer automation platform for banks, democratizing access to AI technology for regional and community-based financial institutions.
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