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☆ Sam Altman just reminded everyone why OpenAI is leading the pack
▼ + stars: | 2024-02-17 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

On Thursday, OpenAI unveiled its new text-to-video model Sora. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This time, it’s not because of a shock ousting from OpenAI , nor is it because of anything to do with ChatGPT . Instead, it’s because of a whole new AI model called Sora.

Persons: Sam Altman, OpenAI, —, Sora, “, ”, MrBeast, Carl Pei, Will Smith, Nikunj, Altman, ” Kothari, mindshare, it’s, Donald Trump, Joe Biden Organizations: Service, Dreamworks, Google, Nvidia, Khosla Ventures Locations: OpenAI, California, New York, Hollywood

☆ Nvidia and its stock may go through an Apple-like transformation. What it would mean for investors
▼ + stars: | 2024-01-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.

Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, —, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California

☆ Meet the typical at-work ChatGPT user: A millennial secretly submitting writing tasks who's a bit worried AI will replace them
▼ + stars: | 2023-10-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Workers using ChatGPT are likely to be a millennial, college educated, and seeking help with writing tasks. The typical worker using ChatGPT is using it for writing tasksWorkers mentioned in story not pictured. The typical worker using ChatGPT is doing so in secretA remote worker. In the subsequent months, it's likely that many workers using ChatGPT have been forced to continue doing so at least partially in secret. The typical worker using ChatGPT is a bit worried the tech could take their job somedayApplicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022.

Persons: —, ChatGPT, they've, AJ Eckstein, Lais Silva, she'd, Gen Zers —, they'd, James Crisp, Tricia LaRue, It's, hadn't, it's, they're, Goldman Sachs Organizations: Workers, Service, Fortune, Google, realtors, Getty, Pew Research, MIT, Reuters, Deloitte, North American, Associated, Gallup Locations: Jersey, Missouri, Atlantic City

☆ OpenAI's growth this year has been unstoppable. Maintaining it will be the hard part.
▼ + stars: | 2023-10-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

OpenAI's growth this year has been unstoppable. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's safe to say it has provided an unstoppable force of growth to OpenAI ever since. Gemini, the search giant's widely anticipated multimodal AI model, designed to rival ChatGPT's underlying model GPT-4, is expected to be launched this year. Meanwhile, the open-source community has been busy developing an alternative AI model.

Persons: —, Sam Altman reckons, OpenAI, ChatGPT, Kai Xiang Teo, scrappy Organizations: Service, The, Microsoft, OpenAI

☆ Banks are all-in on AI, but there's one problem: They can't hold on to the talent. Here's why.
▼ + stars: | 2023-05-23 | by ( Paige Hagy | Bianca Chan | ) www.businessinsider.com time to read: +9 min

Big banks are hiring a lot of AI talent, but are having a tough time holding on to it. The difficulty banks have retaining AI talent, however, isn't due to poaching among peers. Banks can lure in AI talentIt's true that big banks have the wherewithal to hire and capitalize on top AI talent and are attractive at the outset to those looking for a new shop. "The AI talent coming to the financial-services industry is almost like supporting the tech talent, if you will," Hirsch said. Big Tech has its own problems right nowTo be sure, banks are snagging from Big Tech too.

☆ 4 elite stocks to play defense in this tough market
▼ + stars: | 2023-03-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As investors search for calm amid the volatile market, four names stand out as ways to play defense. The companies have low debt, with debt as a percentage of equity under 150%, along with a three-year beta under 1 — meaning they're less volatile than the broader market. It also has a dividend yield of 1.1% and its earnings per share growth for 2023 is expected to be 1%. Its three-year beta is 0.8 and it has a projected earnings per share growth of 8% for 2023. Lastly, Linde has debt as a percentage of equity of nearly 47% and a three-year beta of 1.

☆ Microsoft's cloud business, a key pillar of the Club's investment case, stands to gain from the AI craze
▼ + stars: | 2023-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

"But the one good thing here is the business model side of this, because it builds on the cloud." Nadella's comments Tuesday came shortly after Microsoft unveiled its strategy to reshape its internet search engine , Bing, by incorporating generative AI capabilities. Equipped with generative AI capabilities, Bing will be able to respond to users' queries with human-like written answers. On Monday, competitor Alphabet (GOOGL) announced its response to the ChatGPT craze , a generative AI service called Bard. The Club take The rivalry between Microsoft and Google has now spilled into generative AI, which is still in its early days.

☆ Analysts overlook Alphabet's disappointing quarter, cite confidence in AI push as ChatGPT threat grows
▼ + stars: | 2023-02-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are willing to overlook Alphabet' s disappointing quarter in lieu of its artificial intelligence push and focus on costs. Shares of the search giant fell more than 4% after the company missed Wall Street's expectations for the fourth quarter. But, analysts lauded the company's focus on artificial intelligence as it faces mounting pressures from popularized Microsoft-backed chatbot ChatGPT . Alphabet CEO Sundar Pichai said the company plans to release its LaMDA language model with search components "very soon." GOOGL 1D mountain GOOGL falls after earnings Analysts also cited some confidence in the company's push to reengineer its cost structure and reduce inefficiencies.

ChatGPT — an artificial intelligence-powered chatbot — is having a viral moment, offering a high-profile glimpse at the maturing technology's capabilities. Like other GPT models, ChatGPT can generate text in a variety of styles and formats, including responses to questions, descriptions, and even entire conversations. The growth of Azure is central to our long-term investment thesis in Microsoft, and artificial intelligence is playing an increasingly prominent role in cloud computing. Additionally, Club holding Alphabet is no stranger to artificial intelligence — and, more specifically, machine learning. While all three models — ChatGPT, Sparrow and LaMDA — have their differences, they share a foundational network architecture known as Transformer.

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