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OpenAI announced its latest flagship model, GPT-4o, on Monday. CEO Sam Altman says he's found a helpful way to use the AI while working. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . OpenAI CEO Sam Altman has also found it helpful in another way, as he outlined during an episode of the podcast The Logan Bartlett Show published Tuesday. This story is available exclusively to Business Insider subscribers.
Persons: OpenAI, Sam Altman, he's, , Logan Bartlett Organizations: Service, Business
New York CNN —A departing OpenAI executive focused on safety is raising concerns about the company on his way out the door. His resignation followed an announcement by OpenAI Co-Founder and Chief Scientist Ilya Sutskever, who also helped lead the superalignment team, on Tuesday that he would leave the company. The technology will make ChatGPT more like a digital personal assistant, capable of real-time spoken conversations. “i’m super appreciative of @janleike’s contributions to openai’s alignment research and safety culture, and very sad to see him leave,” Altman said. i’ll have a longer post in the next couple of days.”–CNN’s Samantha Delouya contributed to this report.
Persons: Jan Leike, superalignment, OpenAI, , Leike, , Ilya Sutskever, Sutskever, Sam Altman, Altman, Kara Swisher, ” Leike, ” Altman, ” –, Samantha Delouya Organizations: New, New York CNN, OpenAI, CNN Locations: New York, ChatGPT
Russian forces on Friday continued to attack Ukraine's second-largest city of Kharkiv, according to its regional governor, with Ukrainian forces repelling several ground attacks in the northeastern region. The reported attacks come as Russian forces seek to build on recent gains in the strategically important region. Kharkiv Governor Oleh Syniehubov said in a Google-translated post via Telegram that at least five drone strikes had hit the city overnight. An air raid alert in the city of Kharkiv lasted more than 16-and-a-half hours, Reuters reported, citing Ukraine's public broadcaster Suspilne. It marked the longest recorded air alert since Russia launched its full-scale invasion of Ukraine in February 2022.
Persons: Ukraine's, Oleh Syniehubov Organizations: Kharkiv, CNBC, Reuters, Suspilne, Russia Locations: Kharkiv, Ukraine
Strategist: Expect S&P 500 to hit 5,450 by the end of 2024
  + stars: | 2024-05-17 | 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 EmailStrategist: Expect S&P 500 to hit 5,450 by the end of 2024Sam Stovall, chief investment strategist at CFRA Research, discusses the "cyclical factors" behind the recent new highs in markets.
Persons: Sam Stovall Organizations: CFRA Research
CNN —The Women’s World Cup will be held in South America for the first time after Brazil won the right to host the 2027 tournament, soccer’s governing body FIFA announced on Thursday. Brazil’s bid won 119 votes, FIFA said, while a joint bid from Belgium, the Netherlands and Germany (‘BNG’) received 78. “Congratulations to Brazil,” FIFA president Gianni Infantino said. “We will have the best World Cup in Brazil.”Brazil has hosted the men’s World Cup in 1950 and 2014. “You can be sure, with no vanity, we will accomplish the best World Cup for women.”The 2027 World Cup will be the 10th edition of the tournament.
Persons: Brazil’s, , Gianni Infantino, , Ednaldo Rodrigues, Catherine Ivill, Marta Organizations: CNN, Brazil, FIFA, FIFA Congress, ” FIFA, South, Brazilian Football Confederation, Spain, England, Spanish, Force Locations: South America, Bangkok, Thailand, Belgium, Netherlands, Germany, United States, Mexico, Brazil, ” Brazil, , States, Australia, New Zealand
As we think about the multiple premium afforded to online retailers such as Amazon, Walmart's global eCommerce sales rose 21%. Walmart shares, at 26 times earnings, are value-priced relative to Costco's 46 times earnings. Amazon trade Amazon (AMZN) is growing topline considerably faster. Amazon revenues overtook Costco in 2016, and 2025 could be the first year that Amazon revenues exceed Walmart's. If growth is what you're after buy Amazon.
Persons: eCommerce Organizations: Walmart, Costco, Sam's
A top OpenAI executive researching safety quit on Tuesday. Adding that Sam Altman's company was prioritizing "shiny products" over safety. AdvertisementA former top safety executive at OpenAI is laying it all out. "Over the past years, safety culture and processes have taken a backseat to shiny products," Leike wrote in a lengthy thread on X on Friday. This story is available exclusively to Business Insider subscribers.
Persons: Jan Leike, Sam Altman's, , Leike, OpenAI Organizations: Service, Business
The Biden administration is investigating the risks and benefits of open source models. Proponents of open source A.I. models say they’re more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. There’s no agreed-upon definition of what open source A.I. companies of “openwashing” — using the “open source” term disingenuously to make themselves look good.
Persons: Elon Musk, Sam Altman, Biden, There’s, A.I, Alek Tarkowski, , Organizations: Linux Foundation Locations: European
The agreement will allow OpenAI to train its large language model using content on Reddit. AdvertisementReddit stock surged 14% on Friday after it inked a content deal with OpenAI. The deal will allow OpenAI to train its large language model using content from Reddit. Prior to the deal, Reddit and OpenAI had a connection in that OpenAI CEO Sam Altman was a former board member of Reddit. Including it in ChatGPT upholds our belief in a connected internet, helps people find more of what they're looking for, and helps new audiences find community on Reddit," Reddit co-founder and CEO Steve Huffman said.
Persons: OpenAI, , Axel Springer, Sam Altman, Reddit, Altman, Steve Huffman Organizations: OpenAI, Service, Google, Business Locations: Reddit
The news comes days after both team leaders, OpenAI co-founder Ilya Sutskever and Jan Leike, announced their departures from the Microsoft-backed startup. OpenAI's Superalignment team, announced last year, has focused on "scientific and technical breakthroughs to steer and control AI systems much smarter than us." "I joined because I thought OpenAI would be the best place in the world to do this research," Leike wrote on X. Leike wrote that he believes much more of the company's bandwidth should be focused on security, monitoring, preparedness, safety and societal impact. The update brings the GPT-4 model to everyone, including OpenAI's free users, technology chief Mira Murati said Monday in a livestreamed event.
Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, OpenAI's, Leike, Altman, Sutskever, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Mira Murati, Murati Organizations: OpenAI, Hope, CNBC, Microsoft, Wired, Tuesday, Wall Street Locations: Atlanta, Leike, OpenAI
OpenAI CEO Sam Altman is one of the biggest names in the AI industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSam Altman is one of the best-known names in AI, but he wasn't prepared for just how much he'd be recognized in public. The OpenAI CEO reflected on the privacy and anonymity he's lost as a result of his job during an episode of the podcast The Logan Bartlett Show, published Tuesday. It's like a much weirder thing.
Persons: Sam Altman, San Francisco —, , wasn't, he's, Logan Bartlett, would've Organizations: Service Locations: San Francisco
Read previewMarisa Abela embodies late music icon Amy Winehouse in the new biopic "Back to Black," and yes, the actor really sings in the film. Here's how Abela transformed her voice for "Back to Black" — and why the film controversially uses her vocals instead of Winehouse's. Abela wasn't a trained musician prior to 'Back to Black'Actor Marisa Abela and director Sam Taylor-Johnson on the set of "Back to Black." According to the "Back to Black" production notes, Abela took two-and-a-half-hour singing lessons every day for four months. AdvertisementThe decision to use Abela's vocals instead of dubbing in Winehouse's wasn't made lightlyMarisa Abela as Amy Winehouse in "Back to Black."
Persons: , Marisa Abela, Amy Winehouse, Sam Taylor, Winehouse, Abela, Abela wasn't, Johnson, Dean Rogers, Frank, Taylor, Jamie Matthewman, Anne, Marie Speed, Sarah Green, Giles Martin, Ben Parker, Stephen Colbert, Martin, Winehouse's wasn't, Abela's, that's, Speed Organizations: Service, Business, Hollywood
Jeff Yang CNNLike its predecessors, GPT-4o is trained on enormous quantities of data to process queries, recognize patterns and deliver helpful responses. Watching the reveal, I found myself involuntarily gasping as researchers Mark Chen and Barret Zoph showed off GPT-4o’s new chops. The freakout aspect of the reveal came from how it demonstrated that GPT-4o isn’t just a tool — it’s a tool with personality. On the one hand, having the option to interrupt your AI chatbot when it’s going astray saves time. On the other, watching dudes repeatedly talking over a female-reading chatbot made it abundantly clear why you can’t spell “mansplain” without AI.
Persons: Jeff Yang, Bruce ”, , Jeff Yang CNN, Mark Chen, Barret Zoph, Chen, Mira Murati, Parmy Olson, , Desi Lydic, , Sam Altman, it’s, Siri, ” chuckling, Altman, Spike Jonze’s, Joaquin Phoenix, Scarlett Johansson, Marc Benioff, Johansson, chatbot, mansplain Organizations: CNN, omni, Zoph . Media, Bloomberg, , Twitter, Boston Dynamics Locations: Asian America, America, omnimodal
Now that the Dow Jones Industrial Average has made headlines by crossing the 40,000 level for the first time ever on Thursday, what comes next? History shows the 128-year-old-average tends to pull back a bit after crossing large, round number thresholds. "History tends to confirm that the market typically takes a breather after eclipsing millennium milestones." Bear market declines of 20% or more also happened just 5% of the time. .DJI 1Y mountain The 30-stock Dow crossed the 40,000 level on Thursday after flirting with the threshold in April.
Persons: Sam Stovall, Stovall, Dow Organizations: Dow Jones, Dow, Walmart, Nasdaq Locations: 39,8907.88
Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.
Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September, after inflation data cooled more than expected in April. Traders are currently pricing in a roughly 70% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Jerome Schneider, head of short-term portfolio management at PIMCO, said on Thursday that the latest U.S. inflation data confirmed to investors that the potential for a near-term rate hike was now "off the table." "I think more contextually, we have to really understand that we have celebrated a lower inflation rate, the market has. But, in context, at PIMCO we're specifically thinking about the longer-term trajectory of how the Fed is going to react to this data," Schneider told CNBC's "Squawk Box Europe."
Persons: Dow Jones, Jerome Schneider, we're, Schneider, CNBC's Organizations: New York Stock Exchange, Traders, U.S . Federal, Labor Department's Bureau of Labor Statistics, Federal Reserve Locations: U.S, PIMCO
CNN —The tragic arc of Amy Winehouse’s brief life and nova-like career creates built-in problems for a biography of the singer, which doesn’t dampen the knockout performance by Marisa Abela in “Back to Black,” capturing the talent, rage and self-destructiveness that defined her. Thin as biopics go, the power of Abela’s portrayal elevates the film, providing a poignance and strength that’s the clearest motivation to go, go, go. Then again, as constructed here, the two went hand in hand, with the lyrics to songs like “Back to Black” and “Rehab” directly addressing her addictions to her relationship with Blake and alcohol. In terms of capturing what animated Winehouse, the blinding star power that Abela emits here ultimately justifies the exercise. “Back to Black” premieres May 17 in US theaters.
Persons: Amy Winehouse’s, Marisa Abela, Blake, Jack O’Connell, Eddie Marsan, Lesley Manville, Tony Bennett, Sam Taylor, Johnson, John Lennon, Matt Greenhalgh, , Abela, Winehouse, Bob Marley, Organizations: CNN, HBO
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit fresh record highs over the coming months. Spot silver prices, meanwhile, traded 0.5% lower at around $29.54 per ounce. Strategists at Saxo Bank said in a recent research note that gold prices could soon test the $2,400 level, silver may climb as high as $30, while platinum has upside potential to reach $1,130. The Danish bank said Wednesday that its "year of the metals" theme had continued to gather momentum in recent weeks, citing its preference for gold, silver and copper.
Organizations: Aurum, Federal Reserve, Saxo Bank Locations: Munich, London, Danish
Sam Altman throws shade at Google's 'aesthetic'
  + stars: | 2024-05-16 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +1 min
OpenAI and Google each held major events this week announcing AI updates, one day apart. Sam Altman said he "cannot stop thinking" about the aesthetic difference between Google and OpenAI. The post led a Google engineer to call out Altman for timing OpenAI's event just before Google's. AdvertisementSam Altman isn't afraid to stir the pot a bit in the AI race, and his latest post took aim at Google. OpenAI and Google held their biggest events of the year so far, a day apart from each other — and AI was the theme of both.
Persons: Sam Altman, Altman, , Sam Altman isn't, OpenAI Organizations: Google, Service, Astra, Business
Turns out, if you're Elon Musk, the biggest birthday present you can gift to a tech world nemesis may just be yourself. All of this is to say that one day after Mark Zuckerberg's 40th birthday, Elon Musk is back on their old beef, bringing up that fight he challenged Zuckerberg to last year. "I'm up for a cage match if he is lol," Musk said in an X post on June 20, 2023. — Elon Musk (@elonmusk) August 11, 2023Zuckerberg, however, said Musk never made it clear when they were scheduled to glove up and face off in the ring. Advertisement"Zuck is a chicken," he wrote in an X post on August 13.
Persons: , Elon Musk, Mark Zuckerberg's, Zuckerberg, I've, Musk, Joe Biden, Donald Trump, I’ve, ake, lear, ince, ade Organizations: Service, Business, ust Locations: lon, usk, lade
As part of the deal, OpenAI will gain access to Reddit's Data application programming interface, or API, "which provides real-time, structured, and unique content from Reddit," according to a release. In exchange, Reddit will begin offering certain AI features to users and moderators, powered by OpenAI, which will also become a Reddit advertising partner. OpenAI Chief Operating Officer Brad Lightcap spearheaded the deal, which was approved by the company's board, the release said. The update brings GPT-4 to everyone, including OpenAI's free users, Chief Technology Officer Mira Murati said Monday in a livestreamed event. Reddit, which went public in March and reached a record close a few days after its initial public offering, is back to trading near its high of $65.11.
Persons: Reddit, OpenAI, Steve Huffman, Sam Altman, Brad Lightcap, Mira Murati, Murati Organizations: New York Stock Exchange, Google, Reddit, GameStop Locations: New York City, Reddit
Here's everything you need to know about Lord Debling and how he influences Polin's love story on the show. Lord Debling isn't part of Julia Quinn's novelsPenelope Featherington (Nicola Coughlan) and Lord Debling (Sam Phillips) on season three of "Bridgerton." But Lord Debling doesn't appear anywhere in the novel or the book series as a whole. On 'Bridgerton,' Lord Debling courts Penelope Featherington but stops once he realizes she has feelings for Colin BridgertonLord Debling (Sam Phillips) and Penelope Featherington (Nicola Coughlan) on season three of "Bridgerton." When Lord Debling meets Penelope, they bond over being perceived as outsiders because of their uniqueness.
Persons: , Penelope Featherington, Colin Bridgerton, Luke Newton, Nicola Coughlan, Julia Quinn's, Lord Debling, Sam Phillips, Penelope, Debling, Netflix Colin, Bridgerton, Debling doesn't, he's, Kelly Valentine Hendry, Phillips, Sam, he'd, Whistledown, Cressida Cowper, Jessica Madsen, Debling's, Colin, Portia Featherington, Polly Walker, Cressida, doesn't, hasn't Organizations: Service, Netflix, Business Locations: wallflower
Rishi Sunak has a new target: Sex education
  + stars: | 2024-05-16 | by ( Rob Picheta | ) edition.cnn.com   time to read: +7 min
Ben Birchall/PA‘Utterly disgraceful’The new draft guidance from the government, published Thursday, takes aim at the way sex and relationships are taught to English children in both primary and secondary schools. Under the new approach, children can’t be taught sex education before the age of nine, while “explicit discussion of sexual activity” will be delayed until children are 13. Gender identity, or the fact that people can change gender, is meanwhile “highly contested and should not be taught” at all, according to the Department of Education. But education specialists worry that school pupils have become the latest victim of that push. “But when a political ideology comes into it, it becomes more difficult for the whole of the education world to move behind it,” he added.
Persons: Rishi Sunak’s, , , Sunak’s, Pepe Di’lasio, , ” Di’lasio, Ben Birchall, can’t, ” Paul Whiteman, Di’lasio, Sam Freedman, Britain’s, Gillian Keegan, Keir Starmer, Jane Barlow, Sunak, Brianna Ghey, ” Whiteman, Keegan, it’s, we’ve, we’re Organizations: CNN, Association of School and College Leaders, Department of Education, National Association of Head Teachers, Institute, Government, The Sun, Labour, BBC Locations: England’s, England, Starmer
Pedro Pardo | Afp | Getty ImagesRussia's close relationship with superpower China is under close scrutiny as Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping on Thursday. "Neither Putin nor Xi can achieve what they want to achieve, both domestically and internationally, without the support of the other. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping during a welcome ceremony at the third Belt and Road Forum in Beijing on Oct. 17, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia-China talks in Moscow, Russia, on March 21, 2023.
Persons: Xi Jinping, Vladimir Putin, Pedro Pardo, Putin, Sam Greene, they've, " Greene, Xi, It's, Pavel Byrkin, it's, , Natasha Kuhrt, Russia's, Kuhrt, Sergei Savostyanov, Greene, Liu Pengyu, Mikhail Tereshchenko Organizations: Forum, International Cooperation, of, People, Afp, Getty, Xinhua, Democratic, Center for, CNBC, Analysts, Kremlin, Putin, King's College London, Russia, U.S, Reuters, Sputnik Locations: Beijing, China, Ukraine, Russia, Moscow, Central Asia, Russian, U.S, Washington
Why Under Armour's stock is tumbling
  + stars: | 2024-05-16 | 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 EmailWhy Under Armour's stock is tumblingSam Poser, Williams Trading analyst, joins ‘Squawk Box’ to discuss Under Armour as the company's stock took a hit after issuing lower-than-expected full-year earnings guidance, why the company hasn't been able to break out despite having big names like Tom Brady and Stephen Curry associated with it, and more.
Persons: Sam Poser, Armour, hasn't, Tom Brady, Stephen Curry Organizations: Williams Trading
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