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And just last week, regulators in Italy issued a temporary ban on ChatGPT in the country, citing privacy concerns after OpenAI disclosed the breach. Google and Microsoft have since rolled out AI tools as well, which work the same way and are powered by large language models that are trained on vast troves of online data. When users input information into these tools, McCreary said, “You don’t know how it’s then going to be used.” That raises particularly high concerns for companies. The privacy policy states it may provide personal information to third parties without further notice to the user, unless required by law. “We also have guardrails in place designed to prevent Bard from including personally identifiable information in its responses,” Google said.
Yet US manufacturing has likely already contracted into a recession, housing sales have plummeted, tech layoffs keep coming and corporate earnings growth is souring. “We continue to think the economy will suffer from rolling recessions, evidenced by the fact that corporate earnings growth is now entering its downturn,” wrote Sonders in a note on Wednesday. For five straight weeks, the bank’s clients have been big buyers of individual stocks and sellers of ETFs, she wrote. Disney revenue in the quarter rose 8% to $23.5 billion, edging past estimates of $23.4 billion from analysts surveyed by Refinitiv. The company reported revenue of $8.6 billion for the quarter, beating Wall Street’s estimates and marking a 49% increase from the prior year.
CNN —Google’s much-hyped new AI chatbot tool Bard, which has yet to be released to the public, is already being called out for an inaccurate response it produced in a demo this week. Bard’s blunder highlights the challenge for Google as it races to integrate the same AI technology that underpins Microsoft-backed ChatGPT into its core search engine. In trying to keep pace with what some think could be a radical change spurred by conversational AI in how people search online, Google now risks upending its search engine’s reputation for surfacing reliable information. Like ChatGPT, Bard is built on a large language model, which is trained on vast troves of data online in order to generate compelling responses to user prompts. The executive said AI technology would pave the way for the “next frontier of our information products.”
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