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☆ Microsoft's pricey AI assistant Copilot is giving some early adopters buyer's remorse
  + stars: | 2024-02-13 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +3 min
Some early adopters of Microsoft's AI assistant, Copilot, are less than impressed, the Wall Street Journal reports. The first users balked at the hefty costs and said the AI would hallucinate wrong answers. AdvertisementMicrosoft is making a big bet on AI with its newly launched generative AI assistant Copilot, but some early adopters have been less than impressed. Others said the AI hallucinated wrong answers or calculated spreadsheets wrong, according to the outlet. And earlier this month, the techgiant rolled out Copilot internally, Business Insider's Ashley Stewart reported at the time.
Persons: —, Copilot, Copilot —, It's, wasn't, Jared Spataro, Spataro, Insider's Ashley Stewart, Satya Nadella Organizations: Wall Street, Microsoft, Service, Excel, Chemicals, Dow, Lenovo, Super Locations: Copilot, OpenAI
☆ Sam Altman says tech world 'should be united' in supporting Muslim colleagues
  + stars: | 2024-01-05 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +2 min
He says Jewish tech workers like himself have had more support from the industry. Altman added that he sees "much less of that" for his Muslim and Palestinian peers. AdvertisementOpenAI CEO Sam Altman says Palestinian tech workers he's spoken with don't feel free to express themselves because they fear it may hurt their careers. One commenter asked, "How are the Jewish colleagues?" Apple deleted Slack messages from employees about the war before pausing dedicated Slack channels for Muslim and Jewish employees, Business Insider's Ashley Stewart previously reported.
Persons: Sam Altman, Altman, —, Business Insider's Ashley Stewart, Paddy Cosgrave, Israel, Cosgrave Organizations: Service, Twitter, Business, Google, Web, Intel, Stripe Locations: Israel, Gaza, Palestinian, Irish, Europe
☆ Sam Altman's return to OpenAI doesn't necessarily mean a return to normalcy
  + stars: | 2023-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at Sam Altman returning to the helm of OpenAI. Less than five days after his shocking ouster, Sam Altman is set to return to OpenAI as its CEO. Microsoft's CEO Satya Nadella, a key figure in the past few days' drama, comes out a winner. By helping to reinstall Altman at OpenAI, he stabilizes a key piece of Microsoft's AI strategy.
Persons: —, NASA's James Webb, Sam Altman, JACK GUEZ, OpenAI, Altman, we're, Bret Taylor, Larry Summers, Taylor, Adam D'Angelo, Greg Brockman, OpenAI's confounder, They've, Tim Paradis, Satya Nadella, Kevin Scott, Insider's Ashley Stewart, Julie Bort, Darrin Zammit Lupi, Patrick T, Fallon Rivian, Elon Musk's, Jack Dorsey, Amr Bo Shanab, Madison, they're, Vladimir Putin, Billie Jean King, Jamie Lee Curtis, Scarlett Johansson, Hailey Bieber, John Deere, LongeviQuest's Ben Meyers, Yumi Yamamoto, Fabrizio Villatoro, Jack SteerLo, Fusa Tatsumi, they've, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NASA's James Webb Space Telescope, Getty, Silicon, Business, Microsoft, REUTERS, Elon, Madison Ave Locations: OpenAI, AFP, OpenAI's, India, New York City, San Diego, London, New York
☆ Running AI is so expensive that Amazon will probably charge you to use Alexa in future, says outgoing exec
  + stars: | 2023-09-25 | by ( Tom Carter | ) www.businessinsider.com   time to read: +2 min
Outgoing Amazon exec Dave Limp thinks Amazon will "absolutely" start charging to use Alexa. He pointed to the huge costs of running AI models as the reason why. He added that the current version of Alexa will remain free, and that a paid version would need to demonstrate more advanced capabilities and usefulness. Generative AI models require huge amounts of computing power, with analysts estimating that OpenAI's ChatGPT costs $700,000 a day or more to run . Amazon has bet big on AI, with the company unveiling a new, AI-powered version of Alexa alongside updated versions of its Echo Frames and Carrerra smart glasses last week.
Persons: Dave Limp, Alexa, Limp, OpenAI, Amazon's, Insider's Ashley Stewart, Panos Organizations: Amazon, Service, Bloomberg, Alexa, Microsoft Locations: Wall, Silicon
☆ Salesforce is hiring over 3,000 people, despite axing 10% of staff in brutal job cuts earlier in 2023
  + stars: | 2023-09-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +2 min
Salesforce will look to hire around 3,000 new employees, CEO Marc Benioff told Bloomberg this week. The company announced plans to lay off 10% of its staff earlier this year in a major cost-cutting effort. Benioff is now urging former staff who joined other firms to return to the company. Millham told Bloomberg: "We have some very successful parts of our business right now, and we want a surge in those areas." Benioff told Bloomberg that he is hoping to attract significant numbers of "boomerangs" — employees who previously worked at Salesforce and moved to other firms — to return to the company in the new hiring drive.
Persons: Marc Benioff, Brian Millham, Millham, Ashley Stewart, Benioff Organizations: Bloomberg, Service, Bloomberg News, Employees Locations: Wall, Silicon, San Francisco, Salesforce
☆ First there was quiet quitting. Now it's become grumpy staying.
  + stars: | 2023-06-28 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +4 min
Quiet quitting is getting louder as more unhappy workers are staying put. Welcome to grumpy staying, in which workers begrudgingly skate by in a tightening job market. Gallup's 2023 State of the Global Workplace report, which surveyed 122,416 workers across the world, found that 59% of employees are quiet quitting — and 18% are "loud quitting." Welcome to "grumpy staying," where workers don't have the leverage to quit, and some aren't too pleased about staying. Are you grumpy staying at your job?
Persons: —, Insider's Ashley Stewart, Stewart, Nela Richardson, hasn't Organizations: Service, Privacy, Workers, Microsoft, Gallup, ADP Locations: Salesforce
☆ Amazon, Meta, and other tech giants are cutting middle management to be more efficient. It's a risky move that could backfire.
  + stars: | 2023-04-08 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +6 min
Big Tech's latest cost cutting move is "flattening," or removing middle management from the org chart. This is likely to work in the short term, but removing middle management has long-term consequences. The move comes as the Big Tech companies reel from the consequences of overhiring, as the pandemic turned into an unexpected boon to their businesses. While that all sounds good, experts warn removing middle management roles have other consequences that Big Tech will have to deal with. Middle managers set the tone and cultureAdditionally, middle managers have more influence on shaping a company's culture and can affect whether or not employees feel engaged in their jobs, as Insider's Aki Ito reported.
☆ Salesforce COO warns there may be even more job cuts coming to 'change and reshape' the company
  + stars: | 2023-03-25 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
Salesforce COO Brian Millham said it could "change and reshape" the company, per Bloomberg. Brian Millham said Friday that a "change and reshape" of the company may be needed to drive efficiencies. "The structure of the organization — if we feel like it needs to change and reshape — we're going to make those moves to drive the efficiencies," he said. He also said consultants Bain & Co were reviewing operations, but were yet to make any final recommendations. Most of the cuts affected workers in sales and marketing in locations including New York and Atlanta, Insider's Ashley Stewart and Ellen Thomas previously reported.
☆ Get ready to post on Slack with ChatGPT. The viral AI chatbot is coming to the popular workplace messaging app.
  + stars: | 2023-03-07 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Salesforce is giving its Slack workplace messaging app the ChatGPT boost that can speed up posting. Microsoft shook up its Bing search engine last month with an OpenAI-powered chatbot that transfixed users. The tool would help users write faster, review outlines of longer Slack chats, and mine channels for information, according to the company. Salesforce also said its AI tool called "Einstein GPT" will help clients use AI-generated content for customer service and marketing purposes. The company said that Slack users will have "granular controls" over access to data, and that ChatGPT's model won't learn from Slack data.
☆ Wall Street trading firms aren't giving up on crypto just yet
  + stars: | 2023-02-13 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
A bunch of high-profile Wall Street investors just piled into a startup that pledges to fix a major issue in the crypto industry. And while plenty of those bets blew up — the most spectacular of which was crypto exchange FTX — that hasn't stopped Wall Street. Click here to read more about a new crypto startup that's got backing from some of Wall Street's top trading firms. For a breakdown of all the key partnerships between Wall Street and cloud partners, check out our running list of more than 30 deals. Cheman Cheung left Wall Street after his father passed away to recover from a state of "mental chaos."
☆ What's under the hood of Microsoft's 'new Bing'? OpenAI CEO says it's powered by ChatGPT and GPT-3.5
  + stars: | 2023-02-07 | by ( Sindhu Sundar | Ashley Stewart | ) www.businessinsider.com   time to read: +3 min
OpenAI CEO Sam Altman said ChatGPT and GPT-3.5 are helping boost Microsoft's "new Bing" search engine. The rise of OpenAI's ChatGPT bot has fueled the competition in Big Tech to boost search tools. OpenAI's CEO Sam Altman said that the artificial-intelligence company's megahit ChatGPT tool and GPT-3.5 are helping drive the search engine that Microsoft announced Tuesday. At Tuesday's event, Microsoft also revealed its closely anticipated announcement that its own search tool Bing will now use OpenAI's technology to boost searches. OpenAI's ChatGPT created popular access to a type of technology that's been long familiar to computer science and data analytics experts.
☆ Elliott Management's Jesse Cohn just picked his next target for an activist campaign: an ailing software giant
  + stars: | 2023-01-24 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
A battle is on the horizon between Jesse Cohn and Salesforce. But the first rule of activist investing is you HAVE to talk about your activist investment. Jesse Cohn, a managing partner at the hedge fund Elliott Management, is leading his firm's latest activist campaign against troubled tech giant Salesforce via a multibillion-dollar stake. Activist investing, as we've previously covered, is set to be all the rage in 2023. Click here to learn more about Jesse Cohn, a tenacious activist investor who just set his sights on Salesforce.
☆ Big Tech's wipeout sends workers scrambling
  + stars: | 2023-01-22 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +6 min
Hi, I'm Matt Turner, the editor in chief of business at Insider. Up first: I just returned to New York after a few days in Davos, Switzerland, for the World Economic Forum. It was intense and informative, packed with meetings with business leaders and government ministers from around the world. Davos, Switzerland Hanna Erasmus and EyeEm/Getty ImagesMore than 1,500 business leaders descended on Davos in the Swiss Alps last week. Saumya Khandelwal/Hindustan Times via Getty ImagesIt was a wipeout at Silicon Valley's tech giants this week.
☆ Salesforce's Marc Benioff joked 'Did I miss something?' after arriving late to a meeting the day after laying-off 8,000 staff, report says
  + stars: | 2023-01-16 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
Marc Benioff showed up 15 minutes late to an all-company meeting after layoffs, per The Times of London. The Times reports that Salesforce's CEO then upset many employees by joking: "Did I miss something?" Insider previously reported how staff expressed anger at Benioff, saying he dodged questions about layoffs. In an email to staff, Benioff said: "As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we're now facing, and I take responsibility for that." The company is also reportedly considering laying-off a further 10% of staff depending on financial performance.
☆ Introducing Insider's 100 people transforming business
  + stars: | 2022-11-16 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +5 min
It's my pleasure to introduce to you Insider's list of 100 People Transforming Business in 2022 — our annual celebration of the people who are bucking trends and upending convention across industries. Insider's annual list of the 100 People Transforming Business. 100 People Transforming Business. Twitter insiders worry that a crash is incoming. TCI, a major investor in Google's parent company Alphabet, sent a letter on Tuesday urging Alphabet CEO Sundar Pichai to cut costs.
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