I looked for rain boots, and I bought a pair of rain boots. Getting ads for rain boots now isn't going to drive any purchasing, right? Meta or Alphabet get paid still, so the advertisers are getting hosed.
It's not a positive signal, because for the lifespan of that product I just bought, I have removed myself from the addressable market.
My experience with performance adtech was that 95% of the energy went into targeting whales, with a focus on products that drive massive revenue (mobile gaming, gambling, crypto). It's truly insane what these whales are spending.
Sure, there's still a lot of money in the 5%, especially for a surface like ChatGPT where people are making retail decisions. But I'm not particularly shocked if they're a little behind.
I couldn't possibly be more par for course for OpenAI