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☆ Sam Altman doesn't think we are worried enough about how AI will impact the economy
  + stars: | 2024-05-08 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
OpenAI CEO Sam Altman says AI's impact on the economy should be a top of mind concern. Research suggests AI has the potential to affect millions of jobs and lead to lower wages. But when OpenAI CEO Sam Altman was asked for his thoughts on how the spread of AI-generated misinformation may affect elections, the tech leader appeared to be more concerned about another issue: AI's impact on the economy. An International Monetary Fund study from earlier this year found that AI may impact roughly 60% of jobs in "advanced economies." But Altman said he is still worried about AI's potential on the labor market.
Persons: Sam Altman, —, Altman, that's, they've Organizations: Service, Business, International Monetary Fund, IMF, McKinsey, CNBC
☆ Apple just showed off new iPad accessories — see what's new
  + stars: | 2024-05-07 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +2 min
There's a new, more advanced stylus called the Apple Pencil Pro, which Apple claims is a "game changer for users to express ideas and creativity." Users can squeeze the Apple Pencil Pro to open up a tool palette on the new iPads for more seamless art creation. Related storiesMeanwhile, the Pencil Pro "pairs, charges, and stores" using a magnetic on the side of the iPad Pro. AdvertisementApple's new Pencil Pro also pairs with another new attachable iPad Pro accessory: the Magic Keyboard. AppleThe new Magic Keyboard for iPad Pro comes in two colors, black and white.
Persons: —, There's, it's, Apple Organizations: Apple, Service, Apple Artists, Pro
☆ Apple just unveiled new iPads — including Pro models with OLED screens for the first time
  + stars: | 2024-05-07 | by ( Jordan Hart | Sarah Jackson | Ana Altchek | ) www.businessinsider.com   time to read: +3 min
Apple revealed new iPad Air and iPad Pro models at its "Let Loose" event on Tuesday. The iPad Pro models are the first to feature OLED displays with deeper contrast. AdvertisementApple overhauled its iPad lineup on Tuesday during its "Let Loose" event in California — including fancy new screens for its top-of-the-line "Pro" models. AppleThe iPad Air comes in four colors: a new blue, a new purple, and the usual Starlight and Space Gray. Related storiesBut the standout feature is the new screens, which are the first OLED displays in the iPad lineup.
Persons: Apple, —, Tim Cook Organizations: Service, Apple, Gray, Apple Apple Locations: California
☆ Microsoft's in-house AI model, reportedly called MAI-1, is a chance for CEO Satya Nadella to prove he doesn't need OpenAI
  + stars: | 2024-05-06 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Microsoft is building its own AI model dubbed MAI-1, The Information reported. It's a sign Microsoft is ready to depend less on the ChatGPT maker as the AI wars heat up. AdvertisementMicrosoft is reportedly working on its own AI model separately from OpenAI — a chance for CEO Satya Nadella to prove his company doesn't need the ChatGPT maker to get ahead in the AI wars. Microsoft is working on building an in-house large language model model it calls MAI-1, The Information reported earlier this week. That's on top of the smaller, less advanced models Microsoft is developing for smartphone apps, reflecting the tech titan's multi-pronged approach to developing advanced AI.
Persons: Mustafa Suleyman, It's, —, Satya Nadella, Nadella, Google's DeepMind, Kevin Scott, Scott, it's, Microsoft didn't Organizations: Microsoft, Service, MAI, Meta, Business, Microsoft's Locations: ChatGPT, Seattle
☆ OpenAI exec says today's ChatGPT will be 'laughably bad' in 12 months
  + stars: | 2024-05-06 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
OpenAI COO Brad Lightcap says generative AI as it is today will be "laughably bad" within a year. The exec predicts ChatGPT could soon take on more "complex work" and be a "great teammate." The tech giant is set to release its latest language model, GPT-5, as early as this summer. One OpenAI executive predicts generative AI tools like its own at the moment will be nothing compared to what's to come. "That's going to be a different way of using software," the OpenAI exec said on the panel regarding AI's foreseeable capabilities.
Persons: Brad Lightcap, —, Lightcap, didn't Organizations: Service, Milken Institute Global, Business, Milken Institute Locations: OpenAI
☆ Tim Cook gets real about China
  + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +2 min
Still, CEO Tim Cook believes there's still "work to do" in bolstering sales to its major market. "I think it has been and is the most competitive market in the world," Cook said regarding China. AdvertisementApple CEO Tim Cook says there's still more work to do on the China front. While overall iPhone sales were down 10% year-over-year, CEO Cook noted that Apple "still saw some growth" on iPhone in China, specifying that "two best-selling smartphones in urban China" are the iPhone 15 and iPhone 15 Pro Max. "I feel good about China, I think more about long term than to the next week or so," Cook told CNBC in an interview before earnings.
Persons: Tim Cook, there's, Cook, —, Max Organizations: Apple, Service, Counterpoint Research, Huawei, CNBC, Business Locations: China, Shanghai
☆ Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
  + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Tesla's board urged shareholders in a video to vote for CEO Elon Musk's $47 billion pay package. AdvertisementTesla's board made yet another push to get CEO Elon Musk his $47 billion pay package — this time on-camera. But Musk's billions in extra pay were thrown out after a Tesla shareholder filed a lawsuit arguing the payout was excessive. The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company." Related storiesShe noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.
Persons: Elon Musk's, —, Elon Musk, Robyn Denholm, it's, Denholm, Tesla, “, ”, AmfRYo28ah — Sawyer Merritt, Musk, Forbes Organizations: carmaker, Service, Securities and Exchange Commission, Business Locations: Delaware
☆ Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud — and it seems to be paying off
  + stars: | 2024-05-01 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +5 min
Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. Microsoft Cloud generated $35.1 billion in revenue — up 23% year-over-year — that CEO Satya Nadella credits partly to investments into AI tools like Microsoft Copilot. Amazon, Microsoft, and Alphabet didn't immediately return a request for comment from Business Insider before publication.
Persons: —, D.A, Gil Luria, Claude, Andy Jassy, Satya Nadella, Nadella, Ruth Porat, OpenAI's ChatGPT, Luria, doesn't, Jassy, Sundar Pichai Organizations: Service, Microsoft, Business, Davidson Companies, Amazon, Web Services, Google Cloud, Google, Gemini, Research, Capital Locations: Indonesia
☆ Former Binance CEO Changpeng Zhao sentenced to four months in prison
  + stars: | 2024-04-30 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Changpeng Zhao, founder of crypto exchange Binance, has been sentenced to 4 months in prison. AdvertisementChangpeng Zhao, the founder and ex-CEO of crypto exchange giant Binance, has been sentenced to four months in prison after pleading guilty to charges in a Seattle federal court that the trading platform violated US anti-money laundering requirements. Related storiesAfter pleading guilty, Zhao, once one of the wealthiest people in crypto, was directed to step down from the helm of Binance last November. Sam Bankman-Fried, the CEO of the exchange, was eventually sentenced to 25 years in prison after he was found guilty of multiple fraud charges. Binance and the US Department of Justice didn't immediately respond to a request for comment from Business Insider before publication.
Persons: Changpeng Zhao, Zhao, —, Sam Bankman, Binance, US Department of Justice didn't Organizations: DOJ, Service, US Department of Justice, Commodity Futures, Trading Commission, Business Locations: Seattle, Binance, Iran
☆ Sam Altman says this communication skill will help you level up in life
  + stars: | 2024-04-29 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +1 min
OpenAI CEO Sam Altman shared some advice on how to get ahead in life: be a concise communicator. The CEO calls the ability to condense five minutes of speech into 30 seconds a "big unlock." Asking a friend to concisely rephrase your thoughts a "few dozen times" can help hone the skill. AdvertisementOpenAI CEO Sam Altman shared some words of wisdom on how to get ahead in life: be a concise communicator. "Learning how to say something in 30 seconds that takes most people 5 minutes is a big unlock," Altman recently wrote on X.
Persons: Sam Altman, —, Altman Organizations: Service, Business
☆ AI is making managers nervous
  + stars: | 2024-04-28 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Read previewManagers are worried that using powerful generative AI tools like OpenAI's ChatGPT in the workplace might cut their salaries. Of those surveyed, 48% of managers reported that AI tools are a "threat to their pay" and will "fuel wage declines" across the country in 2024. In early March, Cognition unveiled Devin, the 'first AI software engineer' the startup claims could fix bugs and train AI models. Sixty-two percent of managers surveyed, according to Beautiful.ai, said their employees feel like AI could eventually put them out of their jobs. "There's no doubt that the implementation of AI tools has employees questioning their value to a company," according to the survey.
Persons: —, Devin, Beautiful.ai, didn't Organizations: Service, Business
☆ Prince William and George cheer on Aston Villa in first outing since Kate’s cancer announcement
  + stars: | 2024-04-12 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com   time to read: +4 min
CNN —Prince William and Prince George were spotted watching their soccer team Aston Villa together on Thursday evening - their first sighting since the Princess of Wales’ cancer diagnosis. Royal-watchers were thrilled to see Prince William at the game on Thursday evening. Catherine Ivill/AMA/Getty ImagesCatherine revealed in a powerful video message on March 22 that she had started treatment after being diagnosed with cancer. Specifically, they are eyeing up the D-Day 80th anniversary ceremony in Normandy, France on June 6 or his birthday parade through central London a week later. One trip the King did manage to get sign-off from doctor’s on was an escape to Scotland for a very special occasion.
Persons: CNN — Prince William, Prince George, Princess, Wales, Prince of Wales, Prince William, Catherine Ivill, Catherine, King Charles III, he’ll, Duke, Duchess, Prince Edward, Sophie, Victoria Jones, Edward, Charles, Andrew Bailey, Sarah John, Yui Mok, King, Camilla Organizations: CNN’s Royal, CNN, Aston Villa, Lille, Europa Conference League, Kensington Palace, Entente, France's Gendarmerie Garde, Guard, Getty, London, Bank of England Locations: British, Villa, Birmingham, Windsor ., Kensington, Edinburgh, Buckingham, London, Paris, Normandy, France, doctor’s, Scotland, Birkhall, Balmoral
☆ Elon Musk says AI will be smarter than humans in 2 years
  + stars: | 2024-04-09 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
In March, Musk wrote on X that AI will be smarter than "all humans combined" by 2029. (Coincidentally, Musk says OpenAI has poached some of Tesla's AI engineers.) Related stories"We're seeing a lot of the best talents going into AI," Musk says in the interview. Last year's constraint, Musk says, was the dwindling supply of chips needed to power AI training efforts. AdvertisementMusk expects to encounter these challenges in making Grok, an AI chatbot backed by his startup xAI, smarter than its rivals.
Persons: —, Elon Musk, Musk, Nicolai Tangen, OpenAI, Grok, OpenAI's ChatGPT, it's, Daphne Koller, MacArthur, " Koller Organizations: Service, Norges Bank, Business, Google, Microsoft, Wall Street, Reddit, Stanford
☆ Microsoft just set the stage for an all-out AI talent war with Google
  + stars: | 2024-04-08 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +4 min
AdvertisementMicrosoft is opening a new artificial-intelligence unit in London, putting itself firmly on the turf of its biggest AI rival: Google DeepMind. In the battle for top AI talent, a bigger London presence could be a savvy move for Microsoft. Related storiesLast year, in response to increased pressure from rivals such as OpenAI, Google merged DeepMind with its central AI unit Brain, forming the new Google DeepMind. Meta itself recently lost three top AI employees, while Google has lost a steady stream of employees to OpenAI over the past year. As the Big Tech AI arms race for talent continues to heat up, Google may have to work even harder to stem the bleeding.
Persons: —, Mustafa Suleyman, Suleyman, Jordan Huffman, It's, OpenAI's, Alex Libre, BI's Aaron Mok, Sergey Brin, OpenAI, Mustafa Suleyman's Organizations: Microsoft, Google, Service, Gemini, Meta, who's, Big Tech Locations: London
☆ Elon Musk says competition for AI engineers is 'the craziest talent war I've ever seen!'
  + stars: | 2024-04-04 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
"The talent war for AI is the craziest talent war I've ever seen!" Advertisement"They have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases," Musk wrote about OpenAI. Related storiesMusk and xAI didn't immediately respond to a request for comment from Business Insider before publication. AdvertisementHiking salaries is one of a series of tactics Big Tech leaders use to recruit the best AI talent. "There is undoubtedly a shortage in AI talent," Libre says.
Persons: —, Elon Musk, Tesla, Ethan Knight, Knight, Musk, didn't, Alex Libre, Mark Zuckerberg, Google's, Sergey Brin, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, J.T, O'Donnell Organizations: Service, Business, Autonomy, Big Tech, Meta, Google, OpenAI, Companies Locations: OpenAI
☆ 9 AI jobs you can get without being an expert coder, from product designer to sales engineer
  + stars: | 2024-04-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +8 min
Here are nine AI jobs that don't require programming skills, from policy analysts to sales engineers. AI product managerCompanies are looking to hire professionals who can bridge the gap between technical AI development and business acumen. Ideal candidates combine a deep technical understanding with "strong sales and communication" skills to demonstrate value to potential clients. AI business analystCompanies new to AI may wonder just how and where to deploy the technology. AI policy analystExpertise in public policy may help you land a job as an AI policy analyst.
Persons: —, they're, J.T, O'Donnell, Alex Libre, Biden Organizations: Service, LinkedIn, Einstellen, Companies, Employees, CIA
☆ The world's biggest chipmaker just got hit by an earthquake. That could mean production delays for customers like Apple and Nvidia.
  + stars: | 2024-04-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
A powerful earthquake in Taiwan forced chip maker TSMC to suspend operations at some sites. That could mean production delays for companies like Apple, which relies on its chips. Worst-case scenario, disruptions to TSMC could mean production delays for its existing products and a later rollout of its new devices. AdvertisementApple and Nvidia didn't immediately return to requests for comment from Business Insider when asked how TSMC's production disruptions would impact their businesses. Analysts say halting production could also damage some of TSMC's most advanced chips, which require maintenance around the clock, further exacerbating production delays.
Persons: —, TSMC, Chris Miller, Nvidia didn't, Bum, Brian Tan, Miller Organizations: Apple, Bloomberg, Service, Taiwan Semiconductor Manufacturing, Nvidia, The New York Times, Business, Citi Group Locations: Taiwan, Hsinchu, United States
☆ Apple has been secretly building home robots that could end up as a new product line, report says
  + stars: | 2024-04-03 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
This device initially caught the attention of senior Apple executives years ago, though they've disagreed over whether to continue with the project, Bloomberg said. AdvertisementIt also scrapped its decadeslong, multi-billionaire car effort, Project Titan, earlier this year, shifting its focus to building AI products. After Field left the company in 2021, Bloomberg says Apple's robotics efforts zeroed in on domestic products. One idea Apple explored was a robot that could do chores like washing dishes and be used for video calls. It's not yet clear whether Apple's robots will make it to consumers.
Persons: —, They're, they've, Doug Field, Apple, It's, Apple's, Apple didn't Organizations: Service, Bloomberg, Engineers, Business, Apple, EU, DOJ, Microsoft, Google, mojo, Ford, Smart, Vision Locations: China
☆ See how iPhone apps could change if Apple loses its DOJ antitrust fight
  + stars: | 2024-04-02 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
New app store AltStore could be coming to iPhones in the EU after to 2024 regional rule changes. The Apple App Store rival aims to give developers more control over app distribution and payment. AltStore offers a peek into how iPhone apps could change in the US if Apple loses a DOJ lawsuit. They'll also be able to use the same Patreon integration to distribute 'paid' apps, Testut told TechCrunch. "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets," Apple told BI in March.
Persons: —, Apple, Riley Testut, They'll, Testut, Apple didn't Organizations: Apple, DOJ, Service, EU, Department of Justice, Digital, TechCrunch, Nintendo, Industry, Business
☆ 9 AI hacks that Mark Zuckerberg, Sundar Pichai, Jensen Huang, and other business leaders use
  + stars: | 2024-03-31 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +1 min
Business leaders are using AI tools like OpenAI's ChatGPT as the sector booms. Some have tried AI on the job, while others have played with it to write raps and translate poetry. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Some workers have used ChatGPT to generate lesson plans, produce marketing materials, and write legal briefs. From translating poetry to creating rap songs, here's how executives from Meta, Google, Microsoft, and other major companies have personally used AI.
Persons: —, OpenAI, everyone's, chatbots Organizations: Meta, Google, Microsoft, Service
☆ What to know about the AI company Amazon is betting billions on
  + stars: | 2024-03-28 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +4 min
Earlier this week, Amazon said it'd commit a further $2.75 billion to the San Francisco-based company as part of its efforts to get ahead of other Big Tech competitors in the AI arms race. AdvertisementSo, what's the deal behind the company Amazon is betting billions on? Related storiesDuring its early days, Anthropic focused on research, training, and testing efforts to ensure its AI model acted in a way that aligned with human values. Since the initial launch, Anthropic has released a slate of new AI models. Moving forward, Anthropic plans to release more updates to its Claude 3 model family and make its AI more suitable for companies.
Persons: —, Amazon, Claude, OpenAI's ChatGPT, it'd, Anthropic, Dario Amodei, Daniela Amodei, OpenAI, Amodei, Face's, Sam Bankman, what's, Swami Sivasubramanian, Anthropic didn't Organizations: Service, San, Big Tech, Business, New York Times, Google, CNBC Locations: Anthropic, San Francisco
☆ Inside the AI talent-hiring frenzy
  + stars: | 2024-03-27 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fight to hire the best AI talent is heating up as companies large and small compete in the race to create the best products in the booming sector. Last week, Mustafa Suleyman, the cofounder of Google's DeepMind, left his startup Inflection AI to lead tech giant Microsoft's consumer AI division as CEO. "AI talents are some of the most highly compensated in today's job market," Alex Libre, the cofounder and principal recruiter of Einstellen Talent, a service that matches job candidates with generative AI startups, told BI. Related stories"There is undoubtedly a shortage in AI talent," Libre says.
Persons: —, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, pricey, Sam Altman's, OpenAI, Salesforce, J.T, O'Donnell, Alex Libre, He's, They're, Ray, Flavien, Coronini Organizations: Service, Meta, Business, Big Tech, Companies, Tech, Libre, Big, . Workers, Microsoft
☆ Apple's iPhone China shipments in February look even worse than estimated
  + stars: | 2024-03-26 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Apple's iPhone shipments in China have fallen again, government data show. Apple shipped roughly 2.4 million smartphones in February — a 33% drop from 2023, per Bloomberg. AdvertisementThe latest iPhone data out of China imply Apple's still having a tough time in one of its biggest markets. Counterpoint Research, in its report released in early March, estimated that iPhone sales in China had dropped by 24% in the first six weeks of the year. "In essence, Apple needs China, and China needs Apple."
Persons: —, Apple's, That's, it's, Dan Ives, Nicole Peng, Peng, Tim Cook, Ives Organizations: Apple, Bloomberg, Huawei, Service, China Academy of Information, Communications Technology, Counterpoint Research, Wedbush Securities, EU, China, Forum, CCP, Business Locations: China, Shanghai, Beijing
☆ Managers are worrying that their salaries will get cut because of AI, a survey found
  + stars: | 2024-03-25 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +1 min
Nearly half of US managers surveyed by Beautiful.ai worry that AI tools can lower wages. Some managers say tools like OpenAI's ChatGPT could do their jobs better than them. AdvertisementManagers are worried that using powerful generative AI tools like OpenAI's ChatGPT in the workplace might cut their salaries. Of those surveyed, 48% of managers reported that AI tools are a "threat to their pay" and will "fuel wage declines" across the country in 2024. This story is available exclusively to Business Insider subscribers.
Persons: — Organizations: Service, Business
☆ 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
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