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☆ As the CEO of eBay, I keep employees productive by asking this simple question about our work
▼ + stars: | 2024-03-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +8 min

Jamie Iannone, the CEO of eBay, says the company is using AI to boost efficiency and creativity. After getting this direct feedback, our product teams developed tools powered by AI, including a description generator and an image-based listing flow. eBay is using AI to drive the company forwardeBay has been using AI for years. We also know that happy employees are more productive employees. We take this responsibility very seriously because millions of sellers count on eBay to make them more productive.

Persons: Jamie Iannone, —, we've, they'll, We're, We've Organizations: eBay, Service

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ These are the 3 Apple patents analysts say could hit the production line
▼ + stars: | 2024-03-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Analysts predict which Apple patents are likely to become products. An Apple Watch with a camera, a hand wearable for the Vision Pro, and offline Siri may be possible. He identified three Apple patents he believes the company will likely make. AdvertisementThe patents Saini identified as "highly probable" include:1) An Apple Watch with a cameraApple's patent illustration of an Apple Watch with a camera. "Apple has been silently doing a lot of research on AI," analyst Saini said when asked about Apple's patents related to AI.

Persons: Siri, —, Apple's, Ming, Chi Kuo, Anmol Saini, Saini, Gene Munster, Munster Organizations: Apple, Apple Watch, Vision, Service, GreyB, United States Patent, USPTO, Asset Management, Bloomberg, Google, US Department of Justice

☆ Nvidia may leapfrog Apple in value if the iPhone maker doesn't wow investors with AI soon, analyst says
▼ + stars: | 2024-03-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple needs to release GenAI services soon — or risk Nvidia overtaking it in value, analyst says. The prediction comes as Apple suffers a decline in iPhone sales in China. Apple is shifting its focus further towards generative AI after killing its electric car project. One key reason Apple may need to ramp up its generative AI efforts is because of iPhone sales headwinds. Leaders of the project reportedly said it nixed the car so employees on that team could instead work on generative AI.

Persons: —, Chi Kuo, Apple, Kuo, catchup, Tesla, Tim Cook hasn't, Microsoft's GitHub, Cook, Kuo didn't Organizations: Nvidia, Apple, Service, Twitter, Google, Counterpoint Research, Huawei, Microsoft, Bloomberg Locations: China

☆ New report sheds light on Apple's upcoming AI features that will rival Microsoft's Copilot
▼ + stars: | 2024-02-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCurrently, Apple is urging some engineers to test these new AI features to ensure they work before releasing them externally to developers. Apple's covert plans to launch its AI coding tool soon comes as the company lags behind generative AI efforts currently led by players like OpenAI, Google, and Microsoft. The tech giant, Bloomberg has learned, has plans to integrate AI features into its next software updates for its iPhone and iPad known internally as Crystal. The company is also building features that will generate Apple Music playlists and slideshows, according to the outlet.

Persons: —, GitHub, Apple didn't, Tim Cook, We've, Cook, would've Organizations: Service, Bloomberg, Business, Apple, Google, Microsoft

☆ Leaked presentation reveals how Microsoft built one of its top AI products, from cherry picking outputs to pitching government clients
▼ + stars: | 2024-01-10 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +9 min

GPU supply problemsOriginally, Microsoft was working on its own machine-learning models for security use cases, according to the presentation by Microsoft Security Research partner Lloyd Greenwald. AdvertisementThe pitchThe pitch centered around the benefits of mostly using a single universal AI model rather than many individual models. "Today, our Early Access Program customers regularly share their satisfaction with the latest version of Security Copilot." He also mentioned ServiceNow connectors, and information from Microsoft Defender, the company's antivirus software, along with other sources of security data. It described Security Copilot as a "closed-loop learning system," that gets feedback from users and improves over time.

Persons: —, Lloyd Greenwald, Greenwald, Frank Shaw, Shaw, Microsoft's Shaw, Kevin Scott, Satya Nadella, Eric Douglas, doesn't Organizations: Service, Business, Microsoft, Microsoft Security Research, BI, Microsoft Sentinel Locations: GPT

☆ GitHub execs say coders are rushing to use its AI coding tool despite copyright concerns
▼ + stars: | 2023-12-19 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +7 min

Last month, the company launched new updates to Copilot Chat, a chat function that can help developers troubleshoot bugs or answer coding questions. Copyright risksIn September, Microsoft announced a policy that it would provide indemnification coverage to copyright claims related to its AI-powered Copilot tools, including GitHub Copilot. If customers don't want their code included in training sets for AI, they can make their GitHub code bases private. "That's part of listening to the community and trying to understand the feedback and how can we help," McKinley said. "Others are experimenting with AI," Shani said.

Persons: GitHub, GitHub's, Shelley McKinley, McKinley, Inbal Shani, Shani, GitHub McKinley, she's, OpenAI, we've, We're Organizations: Business, Microsoft, Northern Locations: GitHub, Northern California

☆ AI Helps Unskilled Employees on the Job, Hurts Experienced Workers
▼ + stars: | 2023-12-04 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

The numbers have prompted AI optimists to predict an economic boom and AI pessimists to worry about a future of fewer jobs. The question isn't how much AI helps out around the office but who it helps — and why. AI, in other words, is raising overall productivity by narrowing the gap between high performers and low performers. Researchers tasked people to write a short story, with and without the help of an AI tool for generating ideas. A few enterprising employers will go all in on hiring job candidates with less experience and boosting their performance with AI.

Persons: I've, optimists, It's, coders, it's, Bolt, it'll, we'll, isn't, We've, there's, Aki Ito Organizations: Software, Management, Law, Business Locations: United States

As Open AI employees celebrated the return of CEO Sam Altman with a five-alarm office party , OpenAI software engineer Steven Heidel was busy publicly rebuffing overtures from Salesforce CEO Marc Benioff. Heidel was one of more than 700 OpenAI employees who's threatened exodus halted a would-be mutiny at one of Silicon Valley's most important AI companies. He was previously a scientist at Facebook AI Research and worked as a member of Google Brain under supervision of Prof. Geoffrey Hinton and Ilya Sutskever. Alec Radford: Radford was hired in 2016 from a small AI company he founded in his dorm room. Tao Xu : technical staff, worked on GPT4 and WhisperChristine McLeavey : technical staff, with contributions to music-related productsChristina Kim : technical staffChristopher Hesse : technical staffHeewoo Jun : technical staff, researchAlex Nichol : technical staff, researchWilliam Fedus: technical staff, researchIlge Akkaya: technical staff, researchVineet Kosaraju : technical staff, researchHenrique Ponde de Oliveira Pinto : technical staffAditya Ramesh : technical staff, developed DALL-E and DALL-E 2Prafulla Dhariwal : research scientistHunter Lightman : technical staffHarrison Edwards : research scientistYura Burda : machine language researcherTyna Eloundou : technical staff, researchPamela Mishkin : researcherCasey Chu : researcherDavid Dohan : technical staff, researchAidan Clark : researcherRaul Puri : research scientistLeo Gao : technical staff, researchYang Song : technical staff, researchGiambattista ParascandoloTodor Markov : Machine learning researcherNick Ryder : technical staff

Persons: Sam Altman, Steven Heidel, Marc Benioff, Heidel, Altman, Mira Murati, Murati, Brad Lightcap, Lightcap, Jason Kwon, Kwon, Wojciech Zaremba, Geoffrey Hinton, Ilya Sutskever, Alec Radford, Radford, OpenAI, Peter Welinder, He's, Github Copilot, Anna Makanju, Andrej Karpathy, OpenAI's, Michael Petrov, Petrov, Greg [ Brockman, Miles Brundage, Brundage, John Schulman OpenAI, Srinivas Narayanan, Scott Grey, Grey, Bob McGrew, Research Che Chang, Lillian Weng, Safety Systems Mark Chen, Frontiers Research Barret Zoph, Peter Deng, Jan Leike Evan Morikawa Steven Heidel Jong Wook Kim, Tao Xu, Christine McLeavey, Christina Kim, Christopher Hesse, Heewoo, Alex Nichol, William Fedus, Henrique Ponde de Oliveira Pinto, Aditya Ramesh, Hunter Lightman, Harrison Edwards, Yura, Tyna, Pamela Mishkin, Casey Chu, David Dohan, Aidan Clark, Raul Puri, Leo Gao, Yang, Giambattista Parascandolo Todor Markov, Nick Ryder Organizations: Business, BI, OpenAI, Khosla Ventures, Facebook, Research, Google, Tesla, U.S . Department of Energy, Oxford University, Safety Systems, Frontiers Research Locations: Albania, Canada, OpenAI

☆ Microsoft announces custom AI chip that could compete with Nvidia
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

A custom-built rack for the Maia 100 AI Accelerator and its "sidekick" inside a thermal chamber at a Microsoft lab in Redmond, Washington. The first, its Maia 100 artificial intelligence chip, could compete with Nvidia's highly sought-after AI graphics processing units. In addition to designing the Maia chip, Microsoft has devised custom liquid-cooled hardware called Sidekicks that fit in racks right next to racks containing Maia servers. Moving from GPUs to AWS Trainium AI chips can be more complicated than migrating from Intel Xeons to Gravitons, though. WATCH: Nvidia notches tenth straight day of gains, driven by new AI chip announcement

Persons: Maia, Nvidia's, Rani Borkar, Borkar, OpenAI, OpenAI's, We've, they've, Colette Kress, Steve Tuck, Tuck, Graviton, Dave Brown, Brown Organizations: Microsoft, Intel, Google, CNBC, Amazon, Services, Nvidia, AMD, Computer, Companies, SQL, AWS Locations: Redmond , Washington, Seattle, New York, Gravitons

☆ Microsoft's GitHub announces Copilot assistant that can learn about companies' private code
▼ + stars: | 2023-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft -owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code. Last month Microsoft CEO Satya Nadella told analysts on a conference call that GitHub Copilot had accumulated 1 million paid users. The new GitHub Copilot Enterprise will cost more than double the business offering, at $39 per person per month. On GitHub's website, people with Copilot Enterprise licenses can choose repositories to fine-tune Copilot on proprietary code. From there, they can ask GitHub's Copilot chatbot about elements of existing code and suggest lines of code in development environments.

Persons: Thomas Dohmke, GitHub, Satya Nadella, GitHub Copilot, GitHub's, Stephen O'Grady, Amazon's CodeWhisperer, Dohmke, Gartner, Copilot, O'Grady, Piper Sandler Organizations: Microsoft, Amazon, Services, CNBC, Copilot Enterprise, Google, Gartner, Enterprise, Piper, Copilot Locations: Toronto, San Francisco

Microsoft CEO Satya Nadella made a surprise appearance at OpenAI's developer conference on Monday with a message: Come build with us. 1 is to build the best system, so that you can build the best models and then make that all available to developers," Nadella told OpenAI CEO Sam Altman, on stage at DevDay in San Francisco. Azure has become Microsoft's key growth engine in recent years and has helped revive the company's brand among developers. Microsoft boasts an exclusive license on OpenAI's GPT-4 large language model that can generate human-like prose in response to a few words of text. Developers who are building on top of OpenAI can look to the Azure Marketplace to "get to market rapidly," Nadella said.

Persons: Satya Nadella, Nadella, Sam Altman, OpenAI, ChatGPT, It's, Altman Organizations: Microsoft, Amazon Web Services, Google, OpenAI's, Street, Windows Locations: DevDay, San Francisco

☆ Despite the AI hype, Amazon, Microsoft, and Google are seeing cloud growth rates stall as customers try to cut costs
▼ + stars: | 2023-10-26 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Despite the promise of generative AI to turbo-charge cloud computing sales, growth rates in the sector remains stalled for Amazon, Microsoft, and Google. All three cloud providers reported this week that cloud customers are still scrutinizing their IT budgets amid a shaky global economy. Cloud sales growth rates stalled this year as customers navigated rising inflation and destabilizing geopolitical conflicts. The company told investors the stalled growth was due to "customer optimization efforts" — a nicer word for cost-cutting. At the same time last year, Amazon Web Services sales were growing by more than double that rate.

Persons: Brian Olsavsky, GitHub Copilot, Satya Nadella, Amy Hood, Hood, It's, Nadella, Ellen Thomas Organizations: Amazon, Microsoft, Google, Amazon Web Services Locations: ethomas@insider.com

☆ Layoffs hit coding community Stack Overflow as software engineers increasingly shift to AI for help
▼ + stars: | 2023-10-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Coding community Stack Overflow announced on Monday that it's laying off 28% of its staff. Many generative AI models were partly trained on Stack Overflow's information. This is the second round of layoffs Stack Overflow has had this year — it laid off 10% of its workforce in May. Stack Overflow recently announced the new round of layoffs after more than doubling its headcount in 2022. "Some of them are very explicit about calling out Stack Overflow as a primary source," Chandrasekar previously told Insider.

Persons: Stack, —, GitHub, OpenAI's, Prashanth Chandrasekar, Chandrasekar Organizations: Service

☆ Google is quietly handing out early demos of its GPT-4 rival called Gemini. Here's what we know so far about the upcoming AI model.
▼ + stars: | 2023-09-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Google is preparing to launch its answer to rival OpenAI's GPT-4: Gemini. Gemini is a next-gen, multimodal AI model due for release later this year. The tech is a next-gen, multimodal AI model being worked on by a team of researchers pulled from Google's now-merged AI divisions DeepMind and Google Brain. Gemini is multimodalGoogle's Gemini is a multimodal AI, meaning it can process more than one type of data. Researchers behind the SemiAnalysis blog have also predicted that Google's Gemini would likely outperform GPT-4 because of Google's access to top-flight chips.

Persons: OpenAI's GPT, OpenAI's, Sam Altman, AlphaGo Gemini, Google's DeepMind, AlphaGo, Lee Sedol, ChatGPT, Demis Hassabis, DeepMind, Bard Organizations: Google, Service, OpenAI, AlphaGo, Wired Locations: Wall, Silicon, Google's

☆ Opinion: Here are the jobs AI will impact most
▼ + stars: | 2023-09-05 | by ( Bethany Cianciolo | Jessica Chia | ) edition.cnn.com time to read: +42 min

Dan’s research and teaching focus is on using AI for legal services and the regulation of AI in society. For instance, we can develop AI tools to help individuals understand their responsibilities and rights, and preserve and enforce those rights. People in businesses, large and small, are already using chatbots, AI assistants and other AI tools to help them comply with laws, regulations and internal policies. Additionally, new roles are emerging in the legal industry, such as legal engineers who build systems, legal data scientists and legal operations professionals. AI tools will then quickly re-optimize decisions associated with inventory shipments, staffing and promotions.

Persons: ” That’s, Dropbox, Goldman Sachs, isn’t, Erich S, Huang, ” Erich S, Huang I’ve, Regina Barzilay, Barzilay, Geoffrey Hinton, radiologists, —, ’, Daniel W, Linna, Dan, …, ” Daniel W, Refik, Anadol, ”, Adam Elmachtoub, Nisreen, Theodore Kim, don’t, ” Theodore Kim Moreover, Janis Joplin, Jackie Jormp, We’re, Baz Luhrmann’s “, Gatsby, That’s, Leonardo DiCaprio, mockbusters, Eirini, GitHub Copilot, Ashok Goel, Jill Watson, ” Ashok Goel, Kristen DiCerbo, Alireza, Davis Organizations: CNN, CNET, International Association of Machinists, Aerospace Workers, Informatics, Verily, Duke Health, Biomedical Informatics, Duke University School of Medicine, Adobe, Apple, Electrical Engineering, Computer Science Department, MIT, Jameel Clinic, Machine Learning, MacArthur, National Academy of Engineering, American Academy of Arts and Sciences, Northwestern’s Pritzker School of Law, McCormick School of Engineering, Northwestern University’s CS, Center, Better Housing, UCLA’s Department of Design Media Arts, The Museum, Modern Art, Centre Pompidou, Walt Disney Concert, Department of Industrial Engineering, Research, Columbia University, NBA, Spice, Digital Organisation and Society, Royal Holloway, University of London, UK Academy of Information Systems, Yale, Pixar, Technical, Writers Guild of America, SAG, Hollywood, YouTube, Tech, Developers, Georgia Institute of Technology, National AI, Adult, Education, US National Science Foundation, Georgia Tech, Khan Academy, Systems, Studies, Agricultural Engineering, University of California, university’s, Agriculture, Labor Locations: outplacement, Iceland

☆ Meta to launch AI model for writing computer codes
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsAug 24 (Reuters) - Meta Platforms (META.O) on Thursday said it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering its push into the new technology. Facebook and Instagram owner Meta has released a flurry of AI models, mostly free, this year, including an open-source language model, called Llama, that poses a serious challenge to proprietary models sold by Microsoft-backed (MSFT.O) OpenAI and Alphabet's (GOOGL.O) Google. The new AI model is built on top of Meta's latest Llama 2 language model and will be available in different configurations, the company said, as it gears up to compete with Microsoft's code-writing tool GitHub Copilot. Code Llama supports the popular coding languages like Python, Java and C++ and is not recommended for general text tasks, Meta said.

Persons: Yves Herman, OpenAI's ChatGPT, Meta, Zaheer Kachwala, Shweta Agarwal Organizations: REUTERS, Facebook, Microsoft, Google, Thomson Locations: Brussels, Belgium, Bengaluru

☆ Ahead of a full Firefly launch, internal documents show Adobe wrestling with how to spot AI images, how to pay creators for training data, and a possible opt-out
▼ + stars: | 2023-08-22 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

It is also considering adding an opt-out choice for content contributors to its Firefly AI model. One of the things Adobe is wrestling with is what happens if creators upload AI-generated images to the dataset that's used to train Firefly. Secondly, if Adobe Stock gets flooded with unmarked AI images, future iterations of the Firefly model might be tainted. Adobe previously said it was developing a compensation model for Adobe Stock contributors and would share more details at a later date. Clues on how many Adobe Stock contributors will get AI paymentsThe memo said Adobe was planning to update its Firefly FAQ for Stock contributors in September.

Persons: what's, it's, Github, Adobe Organizations: Adobe Stock, Adobe

☆ Death by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI world
▼ + stars: | 2023-08-03 | by ( Alistair Barr | Adam Rogers | ) www.businessinsider.com time to read: +12 min

Some AI models that compete against Stack Overflow were partly trained on the company's data. Online communities, like Stack Overflow and Wikipedia, thrived as hubs for experts and curious browsers to come together and share information freely. In 2021, Prosus, a major backer of Chinese tech giant Tencent, bought Stack Overflow for $1.8 billion. However, Nat Friedman, the CEO of Github through 2021, expects tech companies to pay for training data in the future. Stack Overflow is also working on new ways to measure the impact of a human's answer on the platform.

Persons: Prashanth Chandrasekar, OpenAI, Chandrasekar, coders, OpenAI's GPT, Stack, Elon Musk, Andreessen Horowitz, Sam Altman, JASON REDMOND, Jaap Arriens, GitHub, it's, chatGPT, Nasim Uddin, we're, Nat Friedman, Nat Friedman GitHub Friedman, Friedman, Axel Springer, Semafor, Prashanth Organizations: Union Square Ventures, Getty, Twitter, Publishers, Microsoft, Associated Press Locations: GPT, Prosus, AFP

Morgan Stanley raised its Microsoft stock outlook to the highest on Wall Street, implying the company once famous for Windows software will climb above a market value of $3 trillion because of artificial intelligence. The generative AI boom has already helped propel Microsoft's stock by almost 41% year to date — and Morgan Stanley's new price target implies it will climb another 23% over the next 12 months. Weiss raised his price target on Microsoft by 24%, to $415 from $335. Morgan Stanley called Microsoft its top pick among large-cap software stocks on account of the company's strong positioning in the generative AI boom. MSFT YTD mountain Microsoft stock Weiss said Microsoft has taken a "leading position" providing the "picks and shovels" of the AI boom — large language models, data management and other technologies.

Persons: Morgan Stanley, —, Morgan, Keith Weiss, Weiss, FactSet, — CNBC's Michael Bloom Organizations: Microsoft, Windows, Software, OpenAI

☆ Microsoft could soar 22% and will top a $3 trillion valuation as it's best positioned to monetize generative AI, Morgan Stanley says
▼ + stars: | 2023-07-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock is poised to top a $3 trillion valuation in early 2024 as it is best positioned to monetize generative AI, according to Morgan Stanley. "Microsoft likely emerges as an early 'Picks and Shovels' beneficiary" of generative AI, Morgan Stanley said. The bank called Microsoft stock a "Top Pick" and said it has 22% upside potential from current levels thanks to its "pole position" in the generative AI race that should help it quickly monetize the growing trend. And investors should see the impact of AI on Microsoft's financials sooner rather than later as increased datasets flow into bigger revenues for Microsoft's Azure cloud service. And although Microsoft's stock is up about 40% year-to-date, its valuation isn't stretched based on historical averages, "despite the unrivaled Generative AI positioning," Weiss concluded.

Persons: Morgan Stanley, —, Morgan Stanley's Keith Weiss, Weiss Organizations: Microsoft, Service, Apple, OpenAI Locations: OpenAI

☆ Office workers everywhere are about to face their own Uber moment
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

In other words, the lessons learned from months or years of experience are baked into an AI tool. The rise of AI tools could help millions of new software developersMicrosoft CEO Satya Nadella for example recently told Time that AI tools could lower the barriers to entry for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing ones. "But for the most part, people in these jobs will just face more competition, similar to taxi drivers as Uber proliferated."

Persons: Uber, —, you'll, Carl Benedikt Frey, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Frey Organizations: Service, Transport, Oxford Martin School, Fortune Locations: London

☆ It's becoming clear that AI is going to whack the mediocre middle of office workers
▼ + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +7 min

More specifically, AI could disproportionately impact the middle class of white-collar workers — the folks who are mid-career, mid-ability, mid-level, and yes, in some cases, mediocre. In other words, the lessons learned from months or years of experience are baked into an AI tool. Microsoft CEO Satya Nadella for example recently told Time that the same could be true for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing software developers.

Persons: —, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Carl Benedikt Frey, Uber, Frey, Mark Muro, Jacob Zinkula, Richard Baldwin, Aaron Mok Organizations: Service, Fortune, Microsoft, Oxford Martin School, London, BT Group, Workers, Brookings Institution, Geneva Graduate Institute Locations: London, British, Switzerland

☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Amazon, DraftKings, Nike, Snowflake & more
▼ + stars: | 2023-05-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Piper Sandler names Microsoft, Snowflake and Oracle top AI picks Piper said that Microsoft, Snowflake and Oracle are the next "all-stars" in AI. Citi adds a negative catalyst watch on Nike Citi said Foot Locker's negative earnings report last week does not portend well for Nike. Citi downgrades Foot Locker to neutral from buy Citi downgraded Foot Locker after its disappointing earnings report last week and says shares are not fully de-risked. Deutsche Bank reiterates Snowflake as buy Deutsche says it's "constructive" heading into Snowflake earnings on Wednesday. Bank of America reiterates Alphabet as buy Bank of America says the internet search giant is "well positioned for mobile."

☆ Welcome to the final phase of software eating the world. SaaS companies beware, you're on the menu this time.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

This could disrupt the way software is created, distributed, and used, VCs and startup founders say. This outcome would flip the traditional software industry on its head, calling into question the value of SaaS companies in a world where everyday people can build software themselves. "This is the final chapter of software eating the world, where a bunch of people can create enterprise software within the enterprise." A 'healthy pressure' for traditional SaaS providersTo be sure, the death of the traditional software company still seems a long way off. However, even skeptics admit that the threat of generative AI to traditional SaaS will push established software companies to prove their worth.

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