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☆ Shopify plans a reorg of its Support division as the ratio of managers to 'crafters' falls below target
▼ + stars: | 2024-04-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Read previewShopify is planning a reorganization of its Support division, and employees worry cuts are on the way. He said that Support teams working with Shopify's largest enterprise merchants would not be affected. OpenAI recently hired Glen Worthington, Shopify's former vice president of global support, to lead its own customer service operations. Jen Bebb, previously Shopify's director of global merchant and product support, left the company in March when Worthington left. Clovis Cuqui, who previously led support as Shopify's VP of merchant acceleration, announced his departure in October.

Persons: —, David Kohl, We've, Kohl, we're, crafters, Shopify, OpenAI, Glen Worthington, Shopify's, Jen Bebb, Worthington, Clovis Cuqui Organizations: Service, Business, WordPress Locations: Philippines, Canada, mstone@businessinsider.com

☆ VCs are obsessed with vector databases. Here are seven AI startups in the space that have raised millions from investors.
▼ + stars: | 2024-04-19 | by ( Samantha Stokes | Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

VCs are hungry to back vector database startups and other behind-the-scenes tech that improves AI. Vector databases store and structure data that LLMs can then pull from. Business Insider has idenfied seven vector database startups that have been early winners. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Vector databases capture and store the essence of a particular piece of data that a machine-learning program or LLM can then pull from.

Persons: — Organizations: Business, Service

☆ Trump's hush-money trial is set to heat up
▼ + stars: | 2024-04-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, we're looking at the first week of former President Donald Trump's criminal trial and what's at stake. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementFormer President Donald Trump's hush-money trial — the first-ever criminal trial of a former president — got underway this week with jury selection . We did get a preview of Trump's potential defense: " Some accountant " handled the paperwork he's on trial for, Trump told reporters. AdvertisementThe trial is focused on 34 felonies alleging the Trump Organization's business records were falsified to hide other crimes.

Persons: —, Donald Trump's, CHARLY TRIBALLEAU, Drew Angerer, Tyler Le, Trump, Stormy Daniels, Daniels, Zelei, Loretta Mester, John Williams, Rebecca Zisser, David Lieb, Sundar Pichai, Demis, Google's, BI's Ben Bergman, Eddie Mulholland, Alyssa Powell, Samsung execs, Taylor Swift's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Getty, Trump, Cleveland Fed, York Fed, …, Bank of America, Google, Android, Bankers, Jefferies, Investor Conference, Samsung, Korea Economic, Disney, Warner Bros, American Express, Procter, Gamble, Poets Department Locations: Israeli, Iran, Israel, Florida, Korea, New York, London

☆ Booming construction of AI data centers is creating constraints on the power grid. These 6 stocks are set to profit from the demand for better infrastructure, according to Bank of America.
▼ + stars: | 2024-04-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

It called this strategy "The AI trade after the trade" and identified 50 stocks that could fall under this category. It takes massive data centers to train and distribute LLMs for public use. An April 17 note from Bank of America led by Thomas Thornton, the head of research marketing, estimates that data centers under construction will initially increase power usage from these facilities by 50%. For the electrical and thermal equipment needed to run data centers, investors can look to Vertiv (VRT), according to Andrew Obin, a research analyst at Bank of America. As demand for data centers grows, these companies are experiencing increased pricing power, according to research analyst David W. Barden.

Persons: Goldman Sachs, there's, Thomas Thornton, It's, Andrew Obin, Michael Feniger, David W, Barden Organizations: Nvidia, AMD, Microsoft, Google, Business, Bank of America, Caterpillar

Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.

Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York

☆ Alphabet offers reasons to believe it is closing the gap in the AI race
▼ + stars: | 2024-04-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

AI Agents The launch of "AI Agents" demonstrated the real-world applications of Alphabet's generative AI advancements — a key box that investors want to see checked in the search for money-making opportunities . These applications are clearly the next phase of the generative AI revolution beyond the development of LLMs and deployment of general-purpose chatbots. So, too, will their customers that harness the power of the AI agents to better serve their own clients, increase employee productivity, and drive corporate efficiencies. Updates to Vertex AI Alphabet updated Vertex AI — its platform for building and deploying AI models — to include an agent-building feature. That essentially allows businesses to create customized AI agents on top of Gemini models.

Persons: —, We'd, Long, catchup, Thomas Kurian, chipmaker, Kurian, it's, Blackwell, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Google, Microsoft, Nvidia, Amazon Web Services, Intel, Devices, AMD, Google Cloud, CNBC, Nurphoto, Getty Locations: Gliwice, Poland

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ A chance to 'differentiate' its offering: What analysts expect from Google's cloud event
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet 's cloud event Tuesday could provide a much needed sentiment lift to investors fretting about the search giant's artificial intelligence potential, according to some Wall Street analysts. "With unique AI assets, including proprietary infrastructure and an advanced LLM model, we believe Google cloud has an opportunity to differentiate its cloud offering, improving market share and street sentiment," wrote Bank of America's Justin Post. This week's event, however, could mark a turnaround in the right direction and help lift sentiment toward the company's AI developments. Morgan Stanley's Brian Nowak also highlighted the event as one of five potential catalysts for the stock through the beginning of June. The firm is on the lookout for more examples of how the cloud is benefitting from the AI transformation, he said.

Persons: of America's Justin Post, Post, Morgan Stanley's Brian Nowak, Nowak Organizations: of America's, Nvidia, Microsoft, Wall, Rivals, Google Locations: U.S, Monday's, durably

☆ Meta loses top AI figures as Silicon Valley's talent battle continues
▼ + stars: | 2024-04-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The departures come as Big Tech firms battle for top AI talent with chunky pay packages. Elon Musk this week dubbed Silicon Valley's talent war as the "craziest" he's ever seen. AdvertisementMeta has lost three top AI employees within a week amid Silicon Valley's ongoing battle for talent. "The talent war for AI is the craziest talent war I've ever seen!" AdvertisementPrior to that, the cofounder of Meta's AI lab, Rob Fergus, jumped ship in 2020 to join Google's DeepMind.

Persons: Meta, —, Devi Parikh, she'd, Erik Meijer, Meijer, Abhishek Das, Mark Zuckerberg, He's, Google's DeepMind, Meta's, Zuhayeer Musa, Elon Musk, Rob Fergus, Google's Organizations: Big Tech, Elon, Service, Meta, Research, FAIR, Wall Street Journal, Street, Business Locations: OpenAI

☆ Steve Cohen says his financial firm can already save $25 million by using AI
▼ + stars: | 2024-04-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: 1 min

You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder told CNBC's Andrew Ross Sorkin on "Squawk Box" that his financial firm has found ways for even the early AI models to save the company money. My CTO comes to me and says I can save the firm $25 million by using these LLMs to improve our efficiency," Cohen said, referencing his chief technology officer and the large language models like ChatGPT. "Now, we're a nice sized firm. And that's just one thing, so it gives you a little bit of a look into what's possible," he added.

Persons: Steve Cohen, CNBC's Andrew Ross Sorkin, Cohen, We're

☆ 3 keys to curbing data security risks when adopting generative AI
▼ + stars: | 2024-04-03 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

Generative AI is poised to boost annual profits by $2.6 to $4.4 trillion, according to consulting firm McKinsey & Company. As is the case with any nascent technology, generative AI services come with their fair share of risks and uncertainties, but running generative AI solutions in your data center may result in more flexibility and control over data. Fast Facts: Generative AI is poised to boost annual profits by $2.6 to $4.4 trillion45% of IT decision-makers cited risks to data and IP as the top reason they are hesitant about embracing generative AI. of IT decision-makers cited risks to data and IP as the top reason they are hesitant about embracing generative AI. Weigh generative AI's many risksControl is critical at a time when concerns about managing generative AI technologies loom large.

Persons: LLMs, Dell Organizations: McKinsey & Company, Dell Technologies, Dell, Insider Studios Locations: GenAI

☆ Meet Sharon Zhou, the AI founder doing just fine without Nvidia's chips
▼ + stars: | 2024-04-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.

Persons: —, giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI

Political preferences are often summarized on two axes. models allows us to see how a model’s political preferences develop. Source: Rozado (2024), The Political Preferences of LLMsWhat determines the political preferences of your A.I. Political preferences learned from those topics may then be broadly applied across the board to many other subjects as well. If one wants to steer this process directionally, Mr. Rozado proves it is straightforward to do.

Persons: Chatbots, Tomi Um, David Rozado, Rozado’s, —, ’, Elon Musk, ” A.I, Google’s Gemini, tinker, Rozado, RightWingGPT, LeftWingGPT, chatbots Organizations: Google, Big Tech, Conservative, Government, Self, Mr, Liberal, Democratic, Yorker, YouTube, Facebook Locations: A.I, —, America

☆ The US Copyright Office is set to reveal later this year proposed changes to copyright law over the AI boom
▼ + stars: | 2024-03-27 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

The way technology companies scrape and use copyrighted material to train generative AI tools could be in for a significant change. It has also been weighing for months possible changes to US Copyright laws and rules, which make no specific mention of generative AI or related use cases. President Joe Biden's administration has become more outspoken on generative AI. Although generative AI has been around for years, the explosive popularity of OpenAI's ChatGPT tool launched in late 2022 led to a greater public understanding of how generative AI models are developed through mass scraping every bit of data on the web. Warring interests and goals have opened up a growing fight between content creators and tech companies building generative AI.

Persons: Joe Biden's, Ben Buchanan, it's, Andreessen Horowitz, Kali Hays Organizations: Service, US, Meta, The New York Times Locations: khays@insider.com

☆ Exclusive: Databricks acquires startup Lilac AI to beef up its LLM offerings amidst AI arms race
▼ + stars: | 2024-03-19 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +1 min

CEO Ali Ghodsi says Databricks' research team pushed him to acquire the months-old startup. Lilac helps users find data to train LLMs and assess the data coming out of them. This comes as Databricks looks to build out its AI offerings amid simmering rivalry with OpenAI. AdvertisementAt Databricks' recent year-end offsite in Napa, CEO Ali Ghodsi said members of the company's research team were "banging on the table" encouraging Ghodsi to acquire AI data platform Lilac AI. This story is available exclusively to Business Insider subscribers.

Persons: Ali Ghodsi, — Organizations: OpenAI, Service, Google Software, Business Locations: Napa

☆ Apple's first AI move may be outsourcing the mess to Google
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Why handle the mess of AI by itself when it can pass it on to someone else? AdvertisementApple does, of course, want an AI strategy, despite all the mess the technology brings with it. Fresh AI features could help Apple boost falling iPhone sales in China. Fresh generative AI features could give iPhones the extra edge they need to boost sales again. In addition, Apple will have several new AI features based on its own, homegrown LLM models we expect to be unveiled at WWDC this June.

Persons: —, Tim Cook, they've, Apple, Perfectionism, Steve Jobs, Cook, OpenAI's GPT, Dan Ives Organizations: Service, Google, Bloomberg, Apple, Business, Publishing, Getty, Worldwide Locations: China, China —

☆ Anthropic-backer Menlo Ventures is preparing for a 'gold rush' of AI infrastructure startups. Here's why.
▼ + stars: | 2024-03-18 | by ( Samantha Stokes | Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Menlo Ventures has been an early backer of AI powerhouses including security startup Abnormal, LLM developer Anthropic, and vector database Pinecone. "AI itself is not new, I think it's just how mainstream it's become," Matt Murphy, a Menlo Ventures partner who invests in SaaS and robotics startups, told Business Insider in an interview. AI's "picks and shovels"Murphy and fellow Menlo Ventures partner Tim Tully say that 2024 will be a big year for the "picks and shovels" of AI. There's room in the game for more LLMsSam Altman's OpenAI has been at the forefront of the generative AI revolution. Other vector database startups including Chorma and Weaviate have also raised millions from VCs.

Persons: —, Siri, Warby Parker, Matt Murphy, OpenAI, AI's, Murphy, Tim Tully, Tully —, Sana, Lindy, we've, Tully, Sam Altman's OpenAI, it's Organizations: Service, Valley's, Menlo Ventures, Business, Menlo, Cisco, Oracle, Meta, Google Locations: Snowflake, Anthropic

☆ I've made over $50,000 building AI tools for businesses. My main challenge: managing clients' expectations.
▼ + stars: | 2024-03-16 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

The 25-year-old's mission is to help clients make more money using large language models. Now, I run a consultancy that tries to help companies grow using AI — and business has been booming. Most projects use AI models from leading LLM providers like OpenAI, Anthropic, and Cohere. My main advice for businesses interested in adopting AI is to familiarize yourself with large language models and how they could be used to address specific pain points. After that, collect as much data as possible — from meeting recordings to marketing materials — that can be used to fine-tune the AI models.

Persons: Sasha Aptlin, —, ChatGPT, I've, that's Organizations: Service, Founders Locations: Dubai and New York, chatbots, San Francisco

☆ FTC conducting inquiry into Reddit's AI data-licensing practices ahead of IPO
▼ + stars: | 2024-03-15 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. "On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models," Reddit said in an updated IPO prospectus. Reddit filed for an IPO in February, and plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." Reddit said "the opportunity does not conflict with our values and the rights of our Redditors," referring to its users and forum moderators. "We do not believe that we have engaged in any unfair or deceptive trade practice," Reddit said.

Persons: Reddit, hasn't Organizations: Federal Trade Commission, New York Stock Exchange, FTC, Google Locations: Klaviyo

☆ We asked ChatGPT and Claude to analyze Biden's cognitive abilities based on the Joe Biden-Robert Hur transcript. Their verdict: the president is doing fine.
▼ + stars: | 2024-03-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Read previewPresident Joe Biden's cognitive abilities may be better than some say they are — at least according to two AI chatbots. Some who analyzed it said Hur's claims about Biden's memory issues were overstated. And both chatbots' verdicts were that Biden's cognitive abilities are just fine. "These aspects are essential indicators of cognitive abilities and suggest that he could perform cognitively demanding tasks during the interview." AdvertisementWhen it came to Biden's memory, ChatGPT found that he displayed memory recall by describing interactions and processes related to handling classified documents with context.

Persons: —, Joe Biden's, Robert Hur, Hur, Biden, Beau, Beau died, Claude Pro, ChatGPT, Claude, Anthropic, didn't, Axel Springer Organizations: Service, Business, CNET

☆ Top websites block Google from training AI models on their data. Nowhere near as much as OpenAI, though.
▼ + stars: | 2024-03-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google launched a new tool that lets publishers opt out of training Google's AI models. It turns out that all this content has been stored in datasets that are the foundation for training powerful AI models, including those from OpenAI, Google, Meta, and others. Part of Google's response has been to launch a new tool that lets websites block the company from using their content for training AI models. BI asked Originality.ai CEO Jonathan Gillham why Google-Extended is being used less than other AI training data-blockers. It's unclear if the company will launch this fully in the future, or how much different it will be from the traditional Google search engine.

Persons: —, There's, Robots.txt, Jonathan Gillham, Gillham, Axel Springer Organizations: Google, Service, New York Times, CNN, BBC, Business Locations: Chicago

☆ Microsoft says new AI security chatbot pricing model lets customers 'buy what they need'
▼ + stars: | 2024-03-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft is rolling out an unorthodox pricing model for its new security chatbot that becomes available to the public on April 1. Microsoft considered input from early customers as well as the costs of tapping OpenAI's LLMs that process users' prompts, Vasu Jakkal, a corporate vice president at Microsoft, told CNBC. Microsoft charges for use of its Azure OpenAI Service based on the number of tokens a client uses. BP is an early customer of the new security service. Copilot for Security can answer questions by drawing on information from Microsoft's own security products and third-party providers.

Persons: Satya Nadella, Nadella, Andrew Conway, Conway, Vasu Jakkal, Chip Calhoun, Copilot, UnitedHealth Organizations: Microsoft, Security, Gaming, Activision Blizzard, Windows, Dynamics, CNBC, OpenAI, BP Locations: Seoul, Charlotte, Russian

☆ Jim Cramer urges 'patience, patience, patience' on Apple stock, and two analysts also make the case
▼ + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Jim Cramer on Tuesday acknowledged Apple's recent woes but encouraged investors to have "patience, patience, patience," with the stock. Apple's China sales — amounting to nearly 20% of overall revenue — continues to weigh on the company due to the country's tepid consumer spending, along with stiffening local smartphone competition . Investors are hoping to hear more about Apple's AI ambitions at the company's annual Worldwide Developers Conference in June. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Apple, It's, —, Jim Cramer, Apple's, iPhones, Jim, Tim Cook, we're, Jim Cramer's, Wang Gang Organizations: Big Tech, Bank of America, Nvidia, Meta, Microsoft, Apple, ISI, Service, Developers Conference, CNBC, Getty Locations: China, Shanghai

☆ Salesforce's behind-the-scenes co-founder is tackling Slack as software company turns 25
▼ + stars: | 2024-03-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +16 min

"The V2MOM had nothing about generative AI," Parker Harris, who co-founded the company with Benioff, told CNBC in an interview. Harris, a Salesforce board member and now the technology chief of Slack, which Salesforce bought in 2021, said he'd rather avoid the limelight. Without the Data Cloud, Harris told CNBC, "I think we would have been in a much worse place." He told Benioff he'd redo the plan, the person said. They'll be talking more frequently, as Harris said they're about to kick off weekly meetings on Slack and Salesforce integrations.

Persons: Parker Harris, Marlena Sloss, Marc Benioff, ChatGPT, Benioff, Salesforce, Harris, Slack, he'd, Sam Altman, Noah Berger, Robin, Batman, Frank Dominguez, Dave Moellenhoff, Bobby Yazdani, Larry Ellison, Yazdani, Dominguez, Brett Queener, who's, Queener, Salesforce.com, He's, Ruth Asawa, Josef Albers, Miles Davis, Donald Trump, Jason Alden, Marc, Kara Swisher, David Paul Morris, Adam Selipsky, it's, Stewart Butterfield, Lidiane Jones, Cal Henderson, Benioff's, Parker, Noah Weiss, Denise Dresser, Weiss, Parker Harris emoji, They'll, Salesforce integrations, Stefan Slowinski Organizations: Salesforce, Bloomberg, Getty, CNBC, Google, Microsoft, Middlebury College, Apple, San, San Francisco Bay Area, Metropolis Software, Software, Saba Software, Oracle, San Francisco's Telegraph, YouTube, Facebook, Economic, Salesforce.com Inc, Web, VMware, Employees Locations: San Francisco, Silicon Valley, English, Vermont, North Carolina, San Francisco Bay, Moellenhoff, Kincaid's, Burlingame, San Francisco's, Salesforce, France, Italy, Nantucket, San, Pacific, Davos, Switzerland, Cliff, New York, Las Vegas, Hawaii

☆ Facebook is building a giant AI model to power all video recommendations, exec says
▼ + stars: | 2024-03-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta's hefty investment in artificial intelligence includes development of an AI system designed to power Facebook's entire video recommendation engine across all its platforms, a company executive said Wednesday. Tom Alison, the head of Facebook, said part of Meta's "technology roadmap that goes to 2026" involves developing an AI-recommendation model that can power both the company's TikTok-like Reels short video service and more traditional, longer videos. To date, Meta has typically used a separate model for each of its products, like Reels, Groups and the core Facebook Feed, Alison said onstage at Morgan Stanley's tech conference in San Francisco. As part of Meta's ambitious foray into AI, the company has been spending billions of dollars on Nvidia graphics processing units, or GPUs. They've become the primary chips used by AI researchers for training the types of large language models (LLMs) used to power OpenAI's popular ChatGPT chatbot and other generative AI models.

Persons: Tom Alison, Alison, Morgan Stanley's, They've, Meta Organizations: Facebook, Meta Locations: San Francisco, LLMs

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