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☆ AI is threatening Americans’ jobs. Could guaranteed income provide a safety net?
▼ + stars: | 2024-04-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +12 min

That idea of guaranteed income is receiving renewed interest as AI becomes an increasing threat to Americans’ livelihoods. As more Americans’ jobs are increasingly at risk due to the threat of AI, Tubbs and other proponents of guaranteed income say this could be one solution to help provide a safety net and cushion the expected blow AI will have on the labor market. “Then, when we have to deal with that job displacement, we’re better positioned to do so.”Silicon Valley’s infatuation with guaranteed incomeThe idea of a guaranteed income is not new. AFP/Getty ImagesDecades after King’s death, the idea of guaranteed income went on to see a resurgence of support emanating out of Silicon Valley. Other tech industry tycoons, including Twitter co-founder Jack Dorsey, have also thrown immense financial support behind guaranteed income programs.

Persons: CNN — Michael Tubbs, Tubbs, ”, “, ” Michael Tubbs, Nick Otto, ” Tubbs, Nathan Frandino, Let’s, Martin Luther King, Jr, I’m, ” King, King, Elon Musk, Mark Zuckerberg, Sam Altman —, Musk, Rishi Sunak, Zuckerberg, ” Altman, Altman, Sam Altman, Justin Sullivan, Elizabeth Rhodes, Jack Dorsey, Dorsey, Ken Paxton, ” Paxton, overreach, ‘ It’s, ’ Tomas Vargas Jr, Vargas, I’ve, that’s, ” Tomas Vargas Jr, Tomas Vargas Jr, ” Vargas Organizations: CNN, Getty, Global, Monetary Fund, Reuters, Stockton, Civil Rights, Washington DC, Elon, “, UK, Harvard, Facebook, YCombinator, Twitter, UPS Locations: Stockton , California, Silicon Valley, Big, America, Stockton, AFP, San Joaquin, U.S, Washington, Alaska, YCombinator, San Francisco , California, United States, Texas, Harris, Harris County

☆ No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
▼ + stars: | 2024-02-29 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.

Persons: Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman

☆ We now have more details on what the heck happened at OpenAI
▼ + stars: | 2023-12-01 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

A new report described in more detail why the OpenAI board initially pushed out Sam Altman. Altman reportedly tried to get a board member, Helen Toner, kicked out, but it backfired. The report cited an unnamed source who said Altman tried to play board members against each other. Here's what the outlet wrote in part (emphasis added):Some members of the OpenAI board had found Altman an unnervingly slippery operator. Read here: The Inside Story of Microsoft's Partnership With OpenAI (The New Yorker)

Persons: Sam Altman, Altman, Helen Toner, —, Sam Altman —, Kevin Scott, Mira Murati, he'd, OpenAI, Toner Organizations: Service, Yorker, Microsoft, New York Times, Center for Security, Emerging Technology, Georgetown University, Microsoft's Locations: Turkey, New, Yorker

☆ CNBC Daily Open: A Thanksgiving lull
▼ + stars: | 2023-11-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last burst before a breakU.S. stocks ended Wednesday in positive territory before going on break today for Thanksgiving. Jack Ma pauses plansAlibaba founder Jack Ma is pausing his plans to sell Alibaba shares. Last week, regulator filings revealed Ma was looking to sell around $870 million worth of Alibaba shares.

Persons: Treasurys, Europe's, Jeremy Hunt, Altman's, Sam Altman, Helen Toner, Tasha McCauley, Ilya Sutskever —, Altman, Bret Taylor, Larry Summers, Adam D'Angelo, Nansen, hasn't, Changpeng Zhao, Jack Ma, Ma, Alibaba Organizations: New York Stock Exchange, CNBC, Finance, U.S, Treasury Locations: New York City, U.S

☆ OpenAI’s wild week explained: How the Sam Altman story unfolded
▼ + stars: | 2023-11-22 | by ( Diksha Madhok | Clare Duffy | ) edition.cnn.com time to read: +7 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.

Persons: Elon, Sam Altman —, —, OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, ”, Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, … Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California

☆ Sam Altman returns to OpenAI in a bizarre reversal of fortunes
▼ + stars: | 2023-11-22 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +5 min

In its announcement of Altman’s firing, OpenAI claimed that Altman had been insufficiently “candid” with the board. But then hundreds of OpenAI employees, nearly the company’s entire staff, threatened to leave, potentially for Microsoft, if the company’s board didn’t resign and reinstate Altman as CEO. It’s unclear how Shear will be affected by Altman’s return. “We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella said on X. Publicly, Altman has long cautioned about risks posed by AI, and he has pledged to lawmakers and customers that he would move OpenAI forward responsibly.

Persons: Sam Altman, Bret Taylor, Adam D’Angelo, Larry Summers, “, Altman, Steve Jobs, OpenAI, Kara Swisher, Nadella, Greg Brockman, Altman’s, —, Emmett Shear, didn’t, Shear, …, ” Brockman, Satya Nadella, Jony, CNN’s Juliana Liu, Diksha Madhok Organizations: New, New York CNN, Twitter, Microsoft, CNN, Twitch Locations: New York, OpenAI, Silicon

☆ Emmett Shear's old tweet about interning at Microsoft has come back to haunt him
▼ + stars: | 2023-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Emmett Shear tweeted in July that he once interned at Microsoft, and likened it to selling his soul. The OpenAI CEO is a prolific tweeter who posts about anything from sexual fantasies to Nazis vs AI. AdvertisementAs he announced he was taking the CEO role on Sunday, Shear tweeted a tamer nod to Microsoft. Just days before he accepted the OpenAI CEO role, he opined that the CEO job is likely one that can be replaced by computers. Microsoft did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Emmett Shear, helms, —, Shear, Twitch, he's, Altman, Satya Nadella Organizations: Microsoft, Service, Business Insider

☆ OpenAI staff are putting their visas at risk to get Sam Altman back as CEO
▼ + stars: | 2023-11-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

700 OpenAI employees have signed a letter threatening to quit if Sam Altman isn't reinstated as CEO. Some of them say they are on work-dependent visas, which they could lose if they are forced to quit. It's a sign of how much loyalty Altman has inspired among staff. AdvertisementOpenAI's employees are calling on the company's board to bring back Sam Altman — and some are even willing to put their visas at risk to get him back as CEO. A number of senior OpenAI employees are already expected to follow Altman and ex-OpenAI president Greg Brockman to Microsoft.

Persons: Sam Altman isn't, It's, Altman, —, Sam Altman —, Sam Altman, Mira Murati, Ilya Sutskever —, Reiichiro Nakano, Boris Power, Emmett Shear, Greg Brockman, Satya Nadella, Kara Swisher, OpenAI Organizations: Service, Microsoft, Business

☆ Catch up on the OpenAI’s wild 60 hours… in 60 seconds
▼ + stars: | 2023-11-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.

Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, “, what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI

☆ This is the wildest coup in Silicon Valley history
▼ + stars: | 2023-11-20 | by ( Michael Cogley | ) www.businessinsider.com time to read: +6 min

The wildest coup in Silicon Valley's history just took place over the last 48 hours. OpenAI booted CEO Sam Altman, nearly hired him back, then went with 2 other CEOs. Sam Altman has now been scooped up as an employee by Microsoft, OpenAI's biggest investor. Sam Altman had met with world leaders, including British Prime Minister Rishi Sunak, in London earlier in the month. But Microsoft CEO Satya Nadella has not let a good crisis go to waste.

Persons: OpenAI, Sam Altman, Altman, —, Mira Murati, Emmett Shear, Greg Brockman, — Aaron Levie, ❤️ emojis, AngelList, Babak Nivi, OpenAI's, Rishi Sunak, Kamala Harris, Ursula von der Leyen, Alastair Grant, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Mary, Gary Marcus, Sam, 👉, Gary, Satya Nad Organizations: Microsoft, Service, British, AI, Georgetown's Center for Security, Emerging Technology, usl Locations: London

☆ VCs weigh in on the chaos unfolding at OpenAI, rallying behind ousted CEO Sam Altman: 'I hope the board can get its act together'
▼ + stars: | 2023-11-19 | by ( Samantha Stokes | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

OpenAI's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."

Persons: OpenAI's, Sam Altman, —, Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI

☆ Many Details of Sam Altman’s Ouster Are Murky. But Some Things Are Clear.
▼ + stars: | 2023-11-18 | by ( Kevin Roose | More About Kevin Roose | ) www.nytimes.com time to read: +2 min

Mr. Altman appears to have been blindsided, too. Mr. Altman stayed mum about the precise circumstances of his departure on Friday. Unlike some other tech founders, who keep control of their companies via dual-class stock structures, Mr. Altman doesn’t directly own any shares in OpenAI. There are several more quirks about OpenAI’s board. It’s small (six members before Friday, and four without Mr. Altman and Mr. Brockman) and includes several A.I.

Persons: Altman, ChatGPT, OpenAI, Greg Brockman — OpenAI’s, Altman —, Mr, Brockman, ’, Altman doesn’t, . Brockman, —, ” Locations: ”, A.I, OpenAI

☆ The tech world reacts in shock to Sam Altman's departure from OpenAI
▼ + stars: | 2023-11-17 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Ex-CEO Sam Altman has left OpenAI — and the tech community is freaking out. AdvertisementOpenAI just sent shockwaves through the tech industry by announcing that Sam Altman is out as CEO — and members of the tech community are freaking out. In response to Altman's departure, members of the tech community are turning to X, formerly known as Twitter, to express their shock. Some techies are even reacting to Altman's departure in sheer disbelief. OpenAI referred Insider to its announcement of Altman's departure when reached for comment.

Persons: Sam Altman, —, Mira Murati, OpenAI, ChatGPT, Altman —, Altman, Pietro Schirano, Matt Wolfe, Eric Schmidt, Kara Swisher, may've, Kambha Organizations: Tech, Service, Google, Arizona State University

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

☆ The ultra-rich are obsessed with their doomsday bunkers — but Sam Altman joked they won't really matter if there's an AI apocalypse
▼ + stars: | 2023-10-20 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

However, one of tech's buzziest bros, Sam Altman, says he has "structures" — but not a bunker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementDoomsday predictions like nuclear war, climate change, or a zombie apocalypse have ratcheted up the ultra-rich's obsession with luxury bunkers. However, one Silicon Valley tech bro joked that these bunkers may not be useful in the case of an AI apocalypse. AdvertisementAdvertisement"I have like structures, but I wouldn't say a bunker," Altman added without clarifying what these structures were.

Persons: buzziest, Sam Altman, AGI, —, bro, Altman, Joanna Stern, Altman —, Yorker —, Clyde Scott, Douglas Rushkoff, Ivanka Trump, Tom Brady, Jeff Bezos, Rushkoff Organizations: Service, WSJ, Yorker, Google, Bloomberg, Federal Civil Defense Administration Locations: South Dakota, Poland, America

☆ Slowing down on AI will cause preventable deaths — and that's a form of murder, says Marc Andreessen
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Billionaire investor Marc Andreessen posted a mammoth 5000-word techno-optimist manifesto on Monday. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Andreessen. Deaths that were preventable by the AI that was prevented from existing is a form of murder," wrote Marc Andreessen. "Our enemies are not bad people – but rather bad ideas, "Andreessen wrote. Andreessen and Andreessen Horowitz did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Marc Andreessen, —, Andreessen, Elon Musk, Sam Altman —, Andreessen Horowitz Organizations: Service, Forbes

☆ Sam Altman tracked how quickly people responded to his texts and emails to distinguish between 'great and mediocre founders'
▼ + stars: | 2023-09-26 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Sam Altman tracked how quickly Y Combinator founders responded to his daily emails and texts. During that time, he kept notes on how quickly founders responded to his daily emails and texts, according to New York Magazine's Elizabeth Weil. Neither Altman's blog post nor the New York Magazine profile specified Altman's expected response times to texts and emails. Altman responded that he had written a program to look at how quickly Y Combinator's best founders answer his emails versus the "bad" ones. It was a difference of minutes versus days on average response times," Altman said at the time.

Persons: Sam Altman, —, Sam Altman —, Altman, New York Magazine's Elizabeth Weil, Tyler Cowen, Tyler, Y, OpenAI Organizations: New York Magazine, Service, OpenAI, Stanford University, York Magazine Locations: New York

☆ The biotech CEO trying to reverse aging has removed all but 3 things from his bedroom
▼ + stars: | 2023-09-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Bryan Johnson is trying to reverse aging through an experimental project that costs up to $2 million a year. A Time Magazine profile found that the biotech CEO's bedroom is almost completely empty. The only objects in his bedroom are his bed, a laser face shield, and a device to attach to his genitals to measure nighttime erections. No work, no reading," Johnson told Time Magazine's Charlotte Alter. Scientists told Insider's Marianne Guenot and Lloyd Lee in February that many aspects of his routine have unclear health benefits.

Persons: Bryan Johnson, Bryan Johnson —, Johnson, Charlotte Alter, Napoleon, Ben Franklin —, old's, Insider's Marianne Guenot, Lloyd Lee, —, Johnson isn't, Sam Altman —, Peter Thiel Organizations: Service, YouTube Locations: Wall, Silicon

☆ Salesforce CEO Marc Benioff says AI models have 'stolen' copyrighted content from media companies
▼ + stars: | 2023-09-15 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Salesforce CEO Marc Benioff's message to companies interested in generative AI is clear: the technology can't be trusted yet. Benioff spent much of the conference issuing ominous warnings about the perils of generative AI while simultaneously touting his own company's new technology as ethical and secure. "We're not scraping the Internet with our models, if that's your question," Benioff told me Wednesday afternoon. Salesforce has "an open philosophy" regarding the development of large language models (LLMs), Benioff said, building some on top of pre-existing models and building others from scratch. Baxter said that Salesforce only uses customer data with consent and performs legal reviews before using any open-source data for AI model training.

Persons: Marc Benioff's, Benioff, Sam Altman —, else's, Salesforce, it's, Kathy Baxter, Baxter Organizations: Yerba Buena Center, Arts, Apex, Time Magazine, Media Locations: San Francisco

Artificial intelligence is again in focus this week in Washington, as leading tech executives — including Elon Musk, Mark Zuckerberg, Sundar Pichai, Satya Nadella and Sam Altman — as well as labor leaders and civil society groups meet on Wednesday with lawmakers behind closed doors. The gathering is the first of a series of Schumer’s listening sessions before lawmakers start writing rules. “This is an all-hands-on-deck moment for Congress—we need AI experts, ethicists, labor leaders, civil rights groups, the world of academia, defense and beyond helping us with the work ahead,” he wrote Tuesday on X, the social media platform formerly known as Twitter. Two separate Senate hearings devoted to A.I. It includes an independent office to oversee A.I., licensing and safety standards, and making executives liable for their tech.

Persons: Elon Musk, Mark Zuckerberg, Sundar Pichai, Satya Nadella, Sam Altman —, Chuck Schumer, ”, Richard Blumenthal, Josh Hawley Organizations: Elon, Democratic, Twitter Locations: Washington, New York, Connecticut, Republican, Missouri

☆ Elon Musk's xAI and OpenAI are going head-to-head in the race to create AI that's smarter than humans
▼ + stars: | 2023-07-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Elon Musk and Sam Altman are racing to create superintelligent AI. Musk said xAI plans to use Twitter data to train a "maximally curious" and "truth-seeking" superintelligence. Elon Musk is throwing out challenge after challenge to tech CEOs — while he wants to physically fight Meta's Mark Zuckerberg, he's now racing with OpenAI to create AI smarter than humans. On Saturday, Musk said on Twitter Spaces that his new company, xAI, is "definitely in competition" with OpenAI. Over a 100-minute discussion that drew over 1.6 million listeners, Musk explained his plan for xAI to use Twitter data to train superintelligent AI that is "maximally curious" and "truth-seeking."

Persons: Elon Musk, Sam Altman, Musk, Mark Zuckerberg, —, Meta's Mark Zuckerberg, he's, OpenAI, Altman, Semafor, Ilya Sutskever, Jan Leike, Sam Altman — Organizations: Twitter, Intelligence

☆ Let's set the table for the second half by reflecting on this year's hated bull market
▼ + stars: | 2023-07-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

You don't get the best first-half Nasdaq rally in 40 years simply because the Federal Reserve did this, or the yield curve in the bond market did that. It was almost as if it was prosaic to seek profits, like, "How dare you defy the teachings of the yield curve, you foolish soon-to-be- broke apostate." It was the second move, the second week of March, that told the second tale of the first half: the fall of Silicon Valley Bank. Here we had an out-of-nowhere collapse of a well-known seemingly well-run bank that ran afoul, again, of the yield curve. No company could rival Club stocks Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Microsoft and Meta Platforms (META) — nice metamorphous there and Tesla , not a Club name.

Persons: William Jennings Bryan, Gandhi, Bud, Altman, Sam Altman, Jensen Huang, Jensen, mutt, Cezanne, Monet, Shakespeare's Henry IV, Carl Quintanilla, David Faber, da, Lisa's, Wendy's, Scylla, Charybdis, ChatGPT, haut, Morgan Stanley's Mike Wilson, aren't, They've, isn't, Goldman Sachs, Tesla, Didn't, Freddie, Lehman, Jerome Powell, We've, it's, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Mad Organizations: Nasdaq, Federal Reserve, Intel, The New York Times, Veterans, Club, Microsoft, Nvidia, Globe Theatre, Silicon Valley Bank, Fed, Apple, Meta, RCA, US Steel, Washington Mutual, AIG, IBM, Jim Cramer's Charitable, CNBC, NYSE Locations: America, Philadelphia, OpenAI, Oz, Queens, mull, Ithaca, Weimar, Silicon, Republic, Valley, Delray , Florida, Alleghany, China

☆ The AI act: Europe is leading the race to regulate artificial intelligence. Here's what you need to know
▼ + stars: | 2023-06-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

“We have made history today,” Brando Benifei, a member of the European Parliament working on the EU AI Act, told journalists. Detailed summaries of the copyrighted data used to train these AI systems would also have to be published. AI systems with minimal or no risk, such as spam filters, fall largely outside of the rules. Fines under the AI Act serve as a “war cry from the legislators to say, ‘take this seriously’,” Muldoon said. The Act also requires EU member states to establish at least one regulatory “sandbox” to test AI systems before they are deployed.

Persons: ” Brando Benifei, ” Benifei, Brad Smith, Sam Altman —, Doug McMillion, James Quincy —, Racheal Muldoon, Maitland Chambers, Meta, ” Muldoon, Dragoș, ”, Muldoon Organizations: London CNN, European Union, EU, Lawmakers, of, Big Tech, Microsoft, Yale, Summit, Walmart, ” Systems, Facebook, Twitter, General Data, Office, AI, Companies, Google, IBM Locations: Brussels, EU, Europe, China, London

☆ ChatGPT creator Sam Altman says the world may not be 'that far away from potentially scary' AI and feels 'regulation will be critical'
▼ + stars: | 2023-02-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Amid discussions and scrutiny, OpenAI CEO Sam Altman shared his thoughts on AI In a series of tweets on Sunday. He warned the world may not be "that far from potentially scary" AI and said regulation will be "critical." regulation will be critical and will take time to figure out; although current-generation AI tools aren't very scary, i think we are potentially not that far away from potentially scary ones," he tweeted. Altman's been talking about regulating AI since 2015It's not the first time Altman has talked about regulating AI. "In an ideal world, regulation would slow down the bad guys and speed up the good guys — it seems like what happens with the first SMI to be developed will be very important."

☆ A Wharton business school professor is requiring his students to use ChatGPT
▼ + stars: | 2023-01-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

UPenn professor Ethan Mollick now requires his students to use ChatGPT in their studies, per NPR. While some schools banned ChatGPT, Mollick said that it can serve as a useful learning tool. Ethan Mollick, an entrepreneurship and innovation professor at the University of Pennsylvania's Wharton School, told NPR on Thursday that he now requires his students to use ChatGPT to help with their classwork. His new AI policy — which NPR reviewed — calls AI usage an "emerging skill." During class this week, nearly all of his students used ChatGPT to help generate project ideas for an assignment.

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