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☆ An early retiree explains the IRS rule he uses to withdraw $20,000 a year of his retirement money penalty-free even though he hasn't reached age 59 ½
▼ + stars: | 2024-05-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Courtesy of Eric CooperThe idea of early retirement didn't start to percolate until 2019. "That's when I found the Mr. Money Mustache website and this article that explained the simple math behind early retirement and the 4% rule." According to the 4% rule, which helps retirees determine how much they can spend without running out of money, Cooper had a big enough portfolio to stop working. Using Rule 72(t) to access his retirement money without penaltyWhen you contribute to retirement accounts like a 401(k) and IRA, you can start taking penalty-free withdrawals after age 59½. He rolled over $300,000 because that's about how much money he'll need for a $20,000 annual distribution each year until he's 59 ½.

Persons: Eric Cooper, Cooper, I'd, Cooper's, didn't, I've, It's, you've, That's Organizations: Business, Google, IRS Locations: percolate, Louisville

☆ I'm a startup founder who moved from Houston to Tulsa for a more affordable lifestyle. I've been impressed by Tulsa's thriving entrepreneurial scene and small-city charm.
▼ + stars: | 2024-05-11 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Jhonathan Vazquez moved from Houston to Tulsa, Oklahoma, in 2021. My wife found a program called Tulsa Remote, which is a $10,000 stipend to bring remote workers to the city. AdvertisementI saw the acceptance rate for the Tulsa Remote program was low, but I figured we had nothing to lose. The Tulsa Remote program wanted people who wanted to be a part of Tulsa's community. Tulsa Remote helped set me up with the connections to start my company.

Persons: Jhonathan Vazquez, Vazquez, he's, —, I'm, Chandler, We're, We've, we've Organizations: Service, Titan, Tulsa, Tulsa Remote, Jhonathan Vazquez Tulsa Locations: Houston, Tulsa , Oklahoma, Houston , Texas, USA, Tulsa, Everything's, Dallas, Mexico

☆ Meet the doomsayers waiting for the economy to crash
▼ + stars: | 2024-05-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."

Persons: —, Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida

☆ NBA Champion Dwyane Wade says it took years to learn how to manage his millions: 'I had never really handled more than $500 at a time'
▼ + stars: | 2024-05-11 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

With three NBA championships and close to $200 million in career earnings to his name, Dwyane Wade knows a thing or two about being a successful professional athlete. But the 13-time All-Star says it took him years to feel like he knew what he was doing when it came to his finances. Wade, who was drafted by the Miami Heat when he was 21, says that it took him more than half a decade in the NBA "to even start to understand" how to manage his millions. "I came into the league as someone who had never really handled more than $500 at a time, and [suddenly] I'm making millions of dollars," Wade says. Knowing who to take money advice from was difficult when he himself knew "nothing at all" about the subject.

Persons: Dwyane Wade, Wade, Caitlin Clark Organizations: CNBC, Google, Miami Heat

☆ Mmakgabo Helen Sebidi: 28 of her artworks mysteriously disappeared three decades ago. They’ve finally returned home to South Africa
▼ + stars: | 2024-05-10 | by ( Gertrude Kitongo | ) edition.cnn.com time to read: +11 min

Johannesburg, South Africa CNN —It was a phone call that changed everything. “We have some good news.”Mmakgabo Helen Sebidi had been waiting to hear those words for more than 30 years. Origins of an artistSebidi was born in 1943 near Hammanskraal, South Africa, north of Pretoria. One of artist Mmakgabo Helen Sebidi's early works, which often depict traditional, rural scenes of a time before European colonization came to the African continent. “We need those freedoms.”Mmakgabo Helen Sebidi’s exhibition is on display at the University of Johannesburg Art Gallery until May 17, 2024.

Persons: ”, Helen Sebidi, ” Sebidi, Sebidi, “, John Koenakeefe Mohl, Mmakgabo Helen Sebidi “, Mark Read, Everard, “ Helen, Read, Mmakgabo Helen Sebidi's, Helen Sebidi “, –, – Sebidi, Kim Berman, ’, Helen Sebidi's, Mmakgabo Helen Sebidi Sebedi, Gabriel Baard, ” Baard, ” Berman, Thabo Mbeki –, Jesper Osterberg, Gabriel Baard Baard, Everard Read, Helen Sebidi’s Organizations: South Africa CNN, South, CNN, Johannesburg Art Foundation, Everard Read, Galleries, Federated Union of Black Artists, Millary Colony, Arts, Nyköping Folk, School, University of Johannesburg, “, Smithsonian, Folk High School, Swiss Air Freight, University of Johannesburg Art, Swedish Embassy Locations: Johannesburg, South Africa, Sweden, Hammanskraal, Pretoria, New York, Swedish, Nyköping, Black, “, Stockholm, Sebidi

☆ Opinion: Why Apple’s iPad ad hit such a nerve
▼ + stars: | 2024-05-10 | by ( Opinion Bill Carter | ) edition.cnn.com time to read: +4 min

Actors, directors, writers and academics expressed outrage at the Apple ad. I liked the sarcasm of screenwriter Ed Solomon’s post on X: “Who needs human life and everything in life that makes it worth living? Sincerely, Apple.”That was not the message Apple intended to convey, was it? Join us on Twitter and FacebookGiven that ongoing uncertainty and trepidation, the Apple ad is not merely tone deaf, it’s stone deaf. 1 hit (perhaps not the greatest example of human creativity, but still) that plays over images of paint cans exploding and musical instruments splintering to dust.

Persons: Bill Carter, Apple, Sonny, Cher, Bill Carter Bill Carter, Tor, “, “ We’ve, Tim Cook, Pete Townsend, Ed Solomon’s, creatives, … Organizations: The New York Times, CNN, HBO, Apple, Tech, Twitter, Facebook

☆ Sam Altman teases that OpenAI is announcing 'new stuff' on Monday that 'feels like magic'
▼ + stars: | 2024-05-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Sam Altman teased that OpenAI plans to announce "new stuff" that "feels like magic" on Monday. AdvertisementOpenAI is announcing new updates to ChatGPT and GPT-4 — and according to Sam Altman, they feel "like magic." The OpenAI CEO posted on X, formerly Twitter, on Friday to tease about the "new stuff" being announced soon. https://t.co/nqftf6lRL1 — Sam Altman (@sama) May 10, 2024OpenAI did not respond to a request for comment ahead of publication. AdvertisementReports have recently been swirling about OpenAI taking aim at Google's search engine with its own web search product in the works.

Persons: Sam Altman, OpenAI's, —, it's, Altman, we’ve, — Sam Altman, OpenAI, Microsoft's Bing, Ilya Sutskever Organizations: Service, Bloomberg Locations: OpenAI's

☆ Tech insiders on Google DeepMind CEO Demi Hassabis: He's like an 'Olympic athlete'
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech insiders on Google DeepMind CEO Demi Hassabis: He's like an 'Olympic athlete'Deirdre Bosa joins CNBC's 'The Exchange' to share more about Demi Hassabis, the man behind Google's AI efforts.

Persons: Demi Hassabis, Deirdre Bosa Organizations: Email Tech, Google

University commencement season in New York City starts on Friday, in a climate that is anything but normal. At N.Y.U., dozens of graduate student workers are threatening to withhold grades if the university does not remove police officers from campus. Nemat Shafik, Columbia’s president, announced on Monday that the school was canceling its main commencement ceremony, largely for security reasons. will hold its large commencement ceremony at Yankee Stadium next Wednesday. The New School will hold its commencement at Louis Armstrong Stadium in Queens next Friday.

Persons: Nemat, Shafik, ”, Zohar Ford, Dr, “, ” “ Organizations: University, Fashion Institute of Technology, City College, Fordham University, The New School and Columbia, Columbia, School of Professional, School of Social, Yankee, New, Louis Armstrong, Low Library, Hamilton Hall, Financial Times Locations: New York City, Israel, N.Y.U, Gaza, Queens, Morningside, Hamilton, “, Columbia

☆ Recursion Pharmaceuticals CEO explains how AI could make drug development faster and less costly
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Friday interview with CNBC's Jim Cramer, Recursion Pharmaceuticals CEO Chris Gibson discussed how his company is using artificial intelligence and machine learning to make the process of developing drugs faster and less expensive. Recursion Pharmaceuticals is a clinical-stage biotech company that received a $50 million investment from Nvidia last summer. "I think with clinical trials, there's still going to be a few years to get through the clinical trial space," Gibson said. Before Recursion's AI-focused approach, there wasn't a clear path toward making a drug to successfully tackle this disease, he said. "Think of it as, like, Google Street View driving around taking pictures of everything," he said.

Persons: CNBC's Jim Cramer, Chris Gibson, Gibson, there's Organizations: Pharmaceuticals, Nvidia Locations: U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's fate hinges on this man: Demis HassabisGoogle has been consolidating its AI efforts and power around one man: Demis Hassabis. As one of the most respected leaders in the space, the DeepMind co-founder has a track record of critical AI breakthroughs. But can an academic also pave the way for Google's genAI commercialization and monetization? Hassabis is the key to Google's lead in AI but his biggest challenge lies ahead. Can Google and Hassabis show Wall Street, investors, and the public that it can turn AI into actual products?

Organizations: Google

☆ Regulatory scrutiny makes it difficult for Google to respond to OpenAI search tool: Plexo's Lo Toney
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegulatory scrutiny makes it difficult for Google to respond to OpenAI search tool: Plexo's Lo ToneyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Lo Toney, Brian Sullivan, “ Organizations: Google, CNBC

☆ Hattan Alsaif: ‘When I fight, I can feel my soul alive,’ says Saudi Arabia’s groundbreaking MMA star
▼ + stars: | 2024-05-10 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

Alsaif is acutely aware of her status as a trailblazer for female MMA fighters in Saudi Arabia and takes such a responsibility seriously. I feel I’m alive when I train, when I fight, in the gym – I can feel my soul alive. “When I breathe after the rounds, when I feel sick, when I feel tired, when I feel courage, when I feel scared, those moments, every part of that, it makes me feel alive. It’s something that means a lot to me.”Alsaif (right) competed in Muay Thai prior to MMA. Sadaa, coach of Saudi Arabia’s Muay Thai national team, has been central to Alsaif’s success, though his influence extends far beyond a sporting sphere.

Persons: Hattan, Saudi Arabia –, – Alsaif, “, ” Alsaif, I’m, “ It’s, Egypt’s Nada Faheem, Alsaif, ”, it’s, Abdullah Al, Feras Sadaa, Sadaa, Claressa Shields, Kelsey De Santis, ’ ” Organizations: CNN, CNN Sport, Professional Fighters League, wasn’t, Professional, League, Thailand –, Combat Games, Saudi Games, International Federation of Muaythai, Muay Thai, Al, SRJ Sports Investments Company, Saudi Arabia’s Public Investment Fund Locations: Riyadh, Saudi Arabia, Saudi, Thai, Thailand, East, North Africa, MENA

☆ The Apple 'crush' ad for the new iPad wasn't bad, actually
▼ + stars: | 2024-05-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

But seriously folks ... it's just an iPad ad. AdvertisementThere's been a huge backlash to the ad Apple put out this week to promote its updated iPads. In the ad, a hydraulic press squishes a piano, trumpet, books, paint cans — and then reveals the new iPad Pro. A YouTube channel dedicated to hydraulic press crush videos has more than 9 million followers. Let's say OpenAI made an ad crushing up books, newspapers, and magazines and then revealed the ChatGPT logo.

Persons: Apple, it's, —, There's, Steve wouldn't, Paul Graham, Steve Jobs, Let's, It's, OpenAI, they've Organizations: Service, Apple, YouTube

☆ Cramer: This chip stock is not on anyone's radar but is 'about to break out here'
▼ + stars: | 2024-05-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "It's a quiet, incredible bull market because it's so diverse," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim said, We're, —, Jim, OpenAI, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Procter, Gamble, Taiwan Semiconductor Manufacturing, Club, Nvidia, Broadcom, Reuters, Microsoft, Bloomberg News

☆ Ukraine drone attack sparks fire at Russian oil refinery; two injured as houses burnt in Kharkiv
▼ + stars: | 2024-05-10 | by ( Sam Meredith | ) www.cnbc.com time to read: 1 min

Ukraine attacked an oil refinery in Russia's Kaluga region in the early hours of Friday, setting the facility on fire, according to Russian media reports. Several explosions were heard in the Dzerzhinsky district of the Kaluga region, which borders the broader Moscow region, The Moscow Times reported, citing Russian Telegram channel SHOT. CNBC could not independently verify the reports. Vladislav Shapsha, governor of the Kaluga region, said in a Google-translated post via Telegram that the fire was promptly extinguished, and the extent of the damage was still being assessed. He did not say at what facility the incident took place.

Persons: Vladislav Shapsha Organizations: Moscow Times, Russian Telegram, CNBC Locations: Ukraine, Russia's Kaluga, Dzerzhinsky, Kaluga, Moscow

☆ Googlers reportedly grilled execs over low morale after staff missed out on pay rises while earnings surged
▼ + stars: | 2024-05-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Read previewGoogle execs have been facing tough questions from employees after the company reported blowout earnings last month. The company reported a year-on-year revenue increase of about 15% and issued its first dividend of 20 cents a share . Googlers wanted to know why the revenue boost wasn't leading to higher pay or an end to some of the company's cost-cutting measures, CNBC reported. AdvertisementHowever, a Google spokesperson told CNBC most employees would receive a pay raise this year, including equity grants and bonuses. AdvertisementDuring the all-hands, Pichai told workers the company had hired too much staff during the pandemic, per CNBC.

Persons: —, Googlers, Sundar Pichai, Ruth Porat, Pichai Organizations: Service, Business, CNBC, Finance, TED, Google

☆ I worked at Amazon, Tesla, SAP, Salesforce, and Meta. Here's what I do 24 hours before a big interview.
▼ + stars: | 2024-05-10 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Hemant Pandey, a senior software engineer at Meta in California. Over the last seven years, I have interned at Amazon and worked full time at Tesla, SAP, Salesforce, and Meta. Over time, I have solidified an interview preparation strategy that has worked for me and one I share with juniors I mentor. This is what 24 hours before a Big Tech interview look like for me:AdvertisementRead up on past interview questionsI have found that Big Tech interviews largely follow a set pattern of processes. AdvertisementI keep the the last day light, because I don't want to be stressed during the interview or even the day before.

Persons: —, Hemant Pandey Organizations: Service, Meta, Business, Amazon, SAP, LinkedIn, Big Tech, Google Locations: California

☆ 5 people share the different ways they landed jobs at Big Tech companies
▼ + stars: | 2024-05-10 | by ( Ella Hopkins | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewGetting a foot in the door at one of the four Big Tech companies — Meta, Google, Apple, and Amazon — can require years of training, an expensive education, and many interviews. Business Insider spoke to five people who landed jobs at Big Tech companies about how they learned the skills and experience that landed them the role — and how they showcased those skills during the interview. AdvertisementGriffin worked as a software engineer for Rotten Tomatoes, Vox, and Shopify before applying for jobs at Apple four times. Griffin landed a role as a software engineer at Apple and worked at the company for two years. "I took it to get my foot in the door of a Big Tech company and build credibility," he told BI.

Persons: —, Corey Griffin, Apple Corey Griffin, Griffin, Vox, tara Larsen, Tara Larsen, Larsen, Sahil Gaba, Sandeep Rao, Big Tech Sandeep Rao, Rao, Zubin Pratap, Pratap, he'd Organizations: Service, Big Tech, — Meta, Google, Apple, Business, C3G Media, Rotten, Amazon, Gaba, BI, Meta, Oracle, Carnegie Mellon University Locations: Big Tech, Amazon, India

☆ Welcome to the AI dystopia no one asked for, courtesy of Silicon Valley
▼ + stars: | 2024-05-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

AI skeptics — who are legion, and not necessarily part of the fringe tin foil hat crowd — are begging Silicon Valley to take a beat before unleashing AI to the world. Then, the big reveal: It’s all contained in Apple’s new iPad, its thinnest and most powerful ever, thanks to its brand new AI chip. Meanwhile, is anyone else getting inundated with Google’s Pixel ads, which show people giddily using the smartphone’s AI photo-editing software to deceive their online followers? Apple is expected to announce its own ChatGPT-like tools that could be a game changer for your internet searches. The Jeff Goldblums of the AI debate — who include some of the industry’s own pioneers — are not necessarily saying we have to smother AI and pretend it never existed.

Persons: CNN Business ’, Jeff Goldblum’s, “, John, that’s, —, Cher’s, Asif Kapadia, ”, Luke Barnett, Apple, Tim Cook, Apple’s, Siri, I’ll, We’re, Jeff Goldblums, weren’t Organizations: CNN Business, New York CNN, Google, Apple, Space Invaders Locations: New York

☆ Film Academy Looks Overseas for Donors
▼ + stars: | 2024-05-10 | by ( Robin Pogrebin | More About Robin Pogrebin | ) www.nytimes.com time to read: +1 min

The Academy of Motion Picture Arts and Sciences on Friday announced a global $500 million fund-raising effort to help diversify its base of support and ensure its financial future in a period of transformation for the film industry and the nonprofit cultural sector. “Both are going through radical business model shifts right now due to changing audience habits and revenue streams,” Bill Kramer, the chief executive of the Academy of Motion Picture Arts and Sciences, said in an email. The academy plans to use about $300 million of the new funds to bring its endowment to $800 million; the remainder will go toward operating expenses and special projects. The academy currently has an annual operating budget of about $170 million, 70 percent of which comes from its Oscars broadcast deal with Disney and ABC, which runs through 2028. About $45 million of the operating expenses are used by the Academy Museum of Motion Pictures.

Persons: Bill Kramer, ” Organizations: Motion Picture Arts, Sciences, Academy of Motion Picture Arts and Sciences, Disney, ABC, Academy Museum of Motion Pictures Locations: Rome, Italian

☆ The next union organizing wave is at Apple
▼ + stars: | 2024-05-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Apple store workers in Towson, Maryland, made history in June 2022 when they voted to form the first union at one of the tech giant’s sleek US stores. But the union vote in New Jersey this weekend, along with other efforts across the country, could just be the beginning. The Apple workers (possibly) going on strike is going to be a spark for other workers,” Bronfenbrenner said. Workers at the Towson Town Center Apple hold their new union T-shirts after their store employees decided to join the International Association of Machinists Union. Theirs is the first Apple store in the US to vote for union representation.

Persons: Apple, ” Kate Bronfenbrenner, ” Bronfenbrenner, Jay Wadleigh, Barbara Haddock Taylor, Bronfenbrenner, There’s, “, ”, Catherine Thorbecke Organizations: New, New York CNN, Apple, Big Tech, US, Employees, National Labor Relations Board, Labor Education Research, Cornell’s School of Industrial and Labor Relations, Oklahoma City, Towson, CNN, Maryland Apple, International Association of Machinists, Aerospace Workers Coalition, Retail Employees, Workers, Towson Town Center Apple, Baltimore Sun, Tribune, Service, Getty Images, Google, Union, NLRB, World Trade, US Labor Board Locations: New York, Washington, China, Towson , Maryland, Baltimore, Maryland, New Jersey, New York City, United States, International Association of Machinists Union, Short Hills, Atlanta, Cupertino , California

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

☆ OpenAI reportedly plans to announce Google search competitor on Monday
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: +1 min

OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google. OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google. Bloomberg and the Information have reported that Microsoft -backed OpenAI is working on a search product to potentially compete with Alphabet's Google and with Perplexity, a well-funded AI search startup. OpenAI's search product is an extension of its flagship ChatGPT product, and enables ChatGPT to pull in direct information from the Web and include citations, according to Bloomberg. ChatGPT is OpenAI's chatbot product that uses the company's cutting-edge AI models to generate human-like responses to text prompts.

Persons: ChatGPT Organizations: Google, Bloomberg, Microsoft

☆ The frenemies running Microsoft and Google's AI ops have some serious history
▼ + stars: | 2024-05-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Less than four years later, Google acquired it for more than $500 million. AdvertisementWith Hassabis at the helm, the Google DeepMind is at the forefront of Google's AI push. Speaking about Suleyman, Hassabis told the newspaper: "Most of what he has learned about AI comes from working with me over all these years." AdvertisementLondon callingOne of Suleyman's first moves as Microsoft's newly installed AI chief was to launch an AI hub in London, which is also home to Google DeepMind. The move could prove savvy for Microsoft as major tech companies eye up Google's high-quality pool of AI talent.

Persons: —, Microsoft's Mustafa Suleyman, Suleyman, Hassabis, Shane Legg, Eric Schmidt, Schmidt, he's, he'd, Suleyman didn't Organizations: Service, University of Cambridge, Business, Google, Big, The New York Times, Fast Company, Microsoft, Greylock Partners, Hassabis Locations: London, DeepMind

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