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From Mad Men to machines? Big advertisers shift to AI

Inside Retail

Some of the world’s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. Media value is the cost of advertising needed to generate the same public exposure.

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89% of consumers trust recommendations above all other advertising channels

Retail Times

Statista has revealed that 89% of consumers prioritize recommendations from individuals they “know” and trust over traditional advertising channels. This shows the fundamental change in consumer […] If you want more information Retail Times get in touch!

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Consumers find brands more trustworthy when advertised on family-friendly streaming platforms, Future Today finds

Retail Times

Future Today, a pioneer in delivering cutting-edge CTV ad-supported solutions, found 91% of parents believe brands that advertise on kids/family content are more trustworthy than brands that advertise on other types of content, according to its latest Family Insights report.

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Dell fined $10 million for misleading consumers over monitor discounts

Inside Retail

The Federal Court has ordered that Dell Australia pay $10 million for misleading consumers about the discount prices of its add-on computer monitors, the Australian Competition & Consumer Commission (ACCC) reported. More than 5300 monitors were sold to consumers with overstated discounts.

Consumer 245
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Greenwashing: UK advertising watchdog bans greenwashing advertisements

Eye on ESG

On 7 June 2023, the UK Advertising Standards Authority (“ ASA “) – the UK’s independent advertising regulator – banned a series of advertisements from a number of large oil and gas companies for including misleading information about their socio-environmental credentials.

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FTC Announces Orders to Address Deceptive Advertising on Social Media and Video Streaming Platforms

Hunton Andrews Kurth

The orders request information from 2019 through the present about the companies’ standards and policies related to paid commercial ads and the companies’ processes for screening and monitoring for compliance with those controls, including human review and use of algorithmic, machine learning or automated systems.

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FTC Will Hold Informal Hearing on Fake Reviews Rule

Hunton Andrews Kurth

The Federal Trade Commission has announced that it will hold an informal hearing on February 13, 2024 on the agency’s proposed rule banning fake reviews and testimonials. Administrative Law Judge for the Securities and Exchange Commission, the Honorable Carol Fox Foelak, will serve as the presiding officer of the informal hearing.