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☆ 5 in-demand admin skills, according to Upwork: Some can pay more than $100 an hour
▼ + stars: | 2024-06-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Freelance marketplace Upwork has long been documenting the most popular skills and specialties on its website. Among those that made the list this year are data analytics, social media marketing and accounting, according to its Most In-Demand Work Skills in 2024 report. Upwork groups its popular skills according to field, such as coding and sales. This year, it also included a list of its most in-demand customer service and admin support tasks, some of which don't necessarily require much experience. That's the sort of admin work general virtual assistants pick up and why they're so in demand.

Persons: Margaret Lilani, Vicki Salemi, they'll Organizations: Microsoft, Research

☆ AI is shaping the fate of software engineers, but there is a new way to succeed
▼ + stars: | 2024-06-24 | by ( Rachel Curry | ) www.cnbc.com time to read: +2 min

So far in the artificial intelligence hype cycle, software engineers are still operating at full force, with demand for skilled engineers expected to grow by 25% in the decade ending in 2032, according to the U.S. Bureau of Labor Statistics. But is the hyper-growth of AI as an engineering solution throwing a wrench in that expectation? This is a form of computational thinking, or computer-like thinking — one skill that will remain prevalent amid AI-enabled software engineering, Schuerman said. Talented engineers, Tang said, have a higher level of problem-solving, logic and reasoning skills. David Hsu, CEO and founder of app development platform Retool, believes AI in the software context is a propelling factor.

Persons: Jensen Huang, Don Schuerman, Schuerman, Winston Tang, Tang, David Hsu, Hsu Organizations: Nvidia, World, U.S . Bureau of Labor Statistics, Microsoft, Google Locations: Dubai

☆ High valuations of Apple and Microsoft get a pass. Nvidia does not but should
▼ + stars: | 2024-06-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

Sure enough, the next day began a historic ascent of Apple stock, an in-your-face rally that many thought made no sense. There's a coalescence of two themes, high speed, accelerated computing and increasingly intelligent AI, and neither works without Nvidia chips. I know that it seems impossible to ponder Nvidia's stock going any higher or passing Apple and Microsoft and staying ahead of it. Ask yourself, does any company match Jensen and Nvidia right now? I say let others be baffled over the Apple versus Microsoft versus Nvidia conundrum.

Persons: WWDC, Tim Cook, Tim, Claude, hasn't, Moore, Elon Musk, Nvidia's, Jensen Huang, Jensen, Ben Franklin, Franklin, Da Vinci, — Jensen, Steve Jobs, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Apple, Developers, Microsoft, Club, Dell, HP Inc, PC, Micron, Nvidia, Computers, Intel, AMD, Pentium, Taiwan Semiconductor Manufacturing Co, Franklin Institute, Oracle, Google, GTC Conference, Cisco, Jim Cramer's Charitable, CNBC Locations: Philadelphia, Rome, Jensen

☆ AI could become a lawyer's greatest help in the courtroom
▼ + stars: | 2024-06-20 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +8 min

Courtesy of Danielle BeneckeA lawyer's copilotFounded in 1949, Baker McKenzie has over 6,500 lawyers working in 70 offices worldwide. The firm's work building generative AI to produce legal draft advice for high-volume employment-law questions recently won an award from Law.com. Courtesy of Jake HellerAI won't replace lawyersThere's another fear likely to push lawyers toward AI: other lawyers. Lawyers might also turn to AI to address a force meant to tame AI: regulation. "I think in three to five years, not using AI for legal work will be tantamount to refusing to use online search for legal work today," Ziniti said.

Persons: Michael Cohen, Donald Trump, Cohen, isn't, Danielle Benecke, Baker McKenzie, Benecke, Cecilia Ziniti, It's, copilot, Ziniti, Cecilia Ziniti Ziniti, CoCounsel, CoCounsel isn't, Jake Heller, Thomson, Heller, they'd, it's Organizations: Google, Law.com, Federal Trade Commission, Microsoft, AI's, IBM, CoCounsel, Thomson Reuters, Times, American Bar Association

☆ Best Buy has trained more than 30K employees to help sell new AI-enabled computers in hopes of ending a sales slump
▼ + stars: | 2024-06-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Best Buy is hoping Microsoft's Copilot+ will help end its 10 quarters of declining comparable sales. More than 30,000 employees have been trained to help sell the new AI-enabled PCs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With 10 consecutive quarters of declining comparable sales in the rearview, the electronics retailer is hoping a partnership with Microsoft will help end the slump. On Tuesday, Best Buy began selling the tech company's AI-enabled Copilot+ PCs in stores and online.

Persons: Microsoft's, — Organizations: Geek Squad, Service, Microsoft, Business

☆ AI skills can help you land a job or promotion faster—especially for Gen Z, says new research
▼ + stars: | 2024-06-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

AI skills could rival job experience in hiring decisions — and not just in techClose to 70% of leaders say they won't hire someone without AI skills and would rather hire a less experienced candidate with AI skills than a more experienced person without them, according to the report, which surveyed more than 30,000 people in 31 countries. Some companies including Google and Amazon have announced investments in teaching their workforce AI skills, but such initiatives aren't the norm: Only 25% of companies are planning to offer training on generative AI tools like ChatGPT and Microsoft Copilot, Microsoft and LinkedIn found. There are dozens of free online courses people can use to learn AI skills offered by companies like IBM and Google and Ivy League institutions like Harvard University and the University of Pennsylvania. "Less than two years after generative AI burst onto the scene, we're seeing this technology being woven into the fabric of work across a wide range of industries," Stallbaumer says. Generative AI tools in particular have seen a surge in workplace adoption, with usage doubling in the last six months, Microsoft and LinkedIn report.

Persons: Raman, it's, Colette Stallbaumer, Stallbaumer, It's Organizations: —, Microsoft, LinkedIn, CNBC, Google, IBM, Ivy League, Harvard University, University of Pennsylvania

☆ Nvidia passes Microsoft in market cap to become most valuable public company
▼ + stars: | 2024-06-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia , long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world. Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company's market cap to $3.33 trillion, surpassing Microsoft . Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple . Founded in 1991, Nvidia spent its first few decades primarily as a hardware company that sold chips for gamers to run 3D titles. Nvidia is a newcomer to the title of most valuable U.S. company.

Persons: It's, Jensen Organizations: Nvidia, Microsoft, Apple, Forbes, Windows, Dow Jones, Dow Locations: OpenAI, U.S

☆ Microsoft stock will surge 24% amid a 'tidal wave' of AI-monetization opportunities, Wedbush says
▼ + stars: | 2024-06-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Microsoft stock is set to hit $550 on AI monetization opportunities, Wedbush Securities said. Client checks revealed growing bullishness towards Microsoft's AI Copilot software. AdvertisementArtificial intelligence deal conversions are accelerating, priming shares of Microsoft to reach even higher records, Wedbush Securities said. Behind the call were increasingly bullish customer checks, Wedbush Securities said, driven by "a tidal wave of Copilot and Azure monetization now on the doorstep for MSFT." Growth in Azure, Microsoft's cloud platform, has boomed in recent quarters, and could be a bridge into more AI spending, Ives wrote.

Persons: —, Redmond, Dan Ives, Ives, Wedbush Organizations: Microsoft, Wedbush Securities, Service, Nadella, Oracle, IBM, Nvidia, Apple

☆ CNBC Daily Open: Nasdaq record, $25 trillion Tesla?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq recordThe Nasdaq Composite hit its fifth consecutive record close, while the S&P 500 and Dow Jones Industrial Average saw slight declines. Consumer sentiment dropped in June, but hopes for cooling inflation boosted the S&P 500 and Nasdaq by 1.6% and 3.2% respectively for the week. Caterpillar and Boeing dragged down the Dow, while Carnival and Norwegian Cruise Line were the biggest laggards on the S&P 500. Tempus AI debutTempus AI, an AI-driven health-care diagnostics company, rose as much as 15% in its Nasdaq stock market debut.

Persons: Elon Musk, Recep Tayyip Erdogan, Fatih Aktas, Pavan Davuluri, Eric Lefkofsky, Adobe, Shantanu Narayen, Pope Francis Organizations: Turkish, United Nations, UN, Anadolu Agency, Getty, CNBC, Nasdaq, Dow Jones, Caterpillar, Boeing, Dow, Cruise Line, Microsoft, Windows, Google, China, Seven, JPMorgan Locations: New York, United States, Carnival, Russia

☆ Analysts say to buy Best Buy stock for an AI device upgrade boost and a whole lot more
▼ + stars: | 2024-06-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Coming on Tuesday, Microsoft plans to start selling new AI-enabled laptops at Best Buy, with roughly 40% of Copilot+ PCs exclusive to the retailer. We think that high-end offerings like these will give Best Buy a much-needed boost in sales and later for its stock price, too. In Monday's note to clients, the analysts also said that Best Buy can get a "volume benefit from lowering prices on previous models of the same product." That's a key reason why we first initiated our position in Best Buy earlier this year. People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.

Persons: I'm, it's, Jeff Marks, Marks, we've, Jim Cramer's, Jim Cramer, Jim, Andrew Kelly Organizations: UBS, CNBC, Club, Microsoft, Federal, 1Q Locations: Friday's, Manhattan , New York City

☆ How Apple, Microsoft and 3 other tech giants can make money with AI geared to consumers
▼ + stars: | 2024-06-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

(Expected AI-driven device upgrades from Apple, Microsoft, and other personal tech makers is the reason we're invested in Best Buy . Microsoft, Apple and fellow Club name Nvidia have all eclipsed $3 trillion market values — and have been wrestling for the top spot as the most valuable U.S. company. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms is monetizing consumer interest in AI by boosting user engagement. The Meta AI generative artificial intelligence assistant is currently free to use. AMZN YTD mountain Amazon (AMZN) year-to-performance Comparable to Meta, Amazon offers AI to consumers for free to increase engagement on its dominant e-commerce platform.

Persons: Tim Cook, Siri, Apple, WWDC, Piper Sandler, Jim Cramer, Bard, Missteps, Jim, Jim Cramer's, Eugene Mymrin Organizations: Apple, Apple Intelligence, Developer Conference, Microsoft, Services, Cook, Co, AI Party, Bloomberg, Microsoft's, Computing, Club, Nvidia, Gmail, Google, ChatGPT, Facebook, Citi, Meta, Amazon, Amazon Web Services, CNBC Locations: China, Cupertino, U.S

☆ If Google is doubling down on risky AI features, experts say it needs to be clear about what can go wrong
▼ + stars: | 2024-06-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementGoogle notes that "Generative AI is experimental" in AI Overviews. Google is far from the only company figuring out the risks of generative AI products. Microsoft also said on Thursday that it would hold off on launching an AI tool intended to be available when its CoPilot PCs ship after privacy concerns arose. The alternative is to be more gradual about releasing features and not place them at the center if they're not fully ready, he said. But while generative AI isn't fully bulletproof at the moment, it's important to balance timing with innovation and accuracy, Yamin said.

Persons: —, Liz Reid, Reid, they're, Gaingels Lorenzo Thione, Thione, Tim Cook, Copyleaks Alon Yamin, Yamin Organizations: Service, Big Tech, Google, Business, CNBC, Apple Intelligence, Microsoft

☆ Microsoft to delay launch of AI Recall tool due to security concerns
▼ + stars: | 2024-06-14 | by ( Katie Bartlett | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Microsoft plans to make the AI feature available on all Copilot+ PCs soon after they receive feedback through WIP. Microsoft first introduced the Copilot+ PC on May 20 as a computer designed to run advanced AI programs, including Recall. Recall is an AI tool that regularly takes screenshots to create a record of activity, allowing users to search for their previous actions. Microsoft's decision to delay Recall follows heightened concerns around security as the AI field evolves rapidly.

Persons: Satya Nadella, Pavan Davuluri Organizations: Microsoft, Windows, Industry Locations: Redmond , Washington, U.S

☆ In the AI arms race, Big Tech keeps shooting itself in the foot and having to roll back flashy releases
▼ + stars: | 2024-06-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Microsoft has scaled back its Recall AI feature for Copilot+ PCs. Google and Adobe have also rolled back some of their big AI releases following backlash. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn its race to do more with AI, Big Tech has been moving fast — and then rolling back big moves. On Thursday, Microsoft said it will withdraw an AI tool from its new line of computers called Copilot+ PCs.

Persons: — Organizations: Microsoft, Google, Adobe, Service, Big Tech, Windows, Business

☆ Using ChatGPT can make recruiters think you're sending them a fake resume—here's why
▼ + stars: | 2024-06-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

You have to read through the job description to see what they're looking for. You have to list job titles and bullets that both reflect your experience and prove you're a good fit. With the advent of tech like ChatGPT and Microsoft Copilot, many people are leaning into generative AI to write their resumes entirely. If you ask for a "marketing resume," for example, it will create something based on any marketing job descriptions or marketing resumes it scrapes from the web. Recruiters and hiring managers who look at hundreds of resumes say at times "100 of them look exactly the same because they all use the same ChatGPT prompt," she says.

Persons: Phoebe Gavin, ChatGPT, James Hudson, who's, Gavin Organizations: Microsoft, Nike

☆ Amazon has a secret workaround to scrape Microsoft's GitHub for AI model training data, leaked memo shows
▼ + stars: | 2024-06-13 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Microsoft is likely to be unhappy when it discovers that its arch rival Amazon is leaning hard on GitHub for AI training data. "Our LLMs are trained on data from a variety of sources, including licensed and proprietary data, open-source datasets, and publicly available data where appropriate. It also said Amazon employees should create a "classic personal token," not a "fine-grained personal token," when signing up. Tech companies, hungry for even more training data, are also granting themselves new permissions to use a lot more of consumers' information. Though Amazon's legal team has approved the GitHub data scraping workaround, the move could put Amazon in a tricky position.

Persons: —, Rohit Prasad NurPhoto, Rohit Prasad, Amazon, Amazon's, Andy Jassy, Prasad, Matthew Butterick, Joseph Saveri, Joseph Saveri's, Butterick, Copilot Organizations: Service, Business, General Intelligence Group, Amazon, Microsoft, Google, Meta, GitHub, News Corp, Tech, Alexa Locations: GitHub

The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.

Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25

☆ Microsoft is considering a big new software bundle as it works out how to charge for AI, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

The plan focuses on Microsoft 365, a popular suite of productivity software used by thousands of businesses. This is a big risk for the company because Microsoft 365 has been an important source of revenue and growth, even without fancy new AI capabilities. The problem was that Microsoft salespeople started to pitch E5 as the last business software suite that customers would need to buy. AdvertisementA "spiritual successor"The generative AI boom, and Microsoft's early lead here, have increased the chances that a new 365 bundle will emerge soon. Microsoft has new AI tools that it can integrate with 365 and use that to persuade customers to upgrade their software bundle.

Persons: —, Satya Nadella, Jared Spataro's, Microsoft salespeople, it's, Slack Organizations: Service, Microsoft, Business, Microsoft's Productivity, Processes, Sharepoint, European Commission, EU Locations: Capex

☆ Apple’s AI: We’ve seen some of this before
▼ + stars: | 2024-06-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

On the other hand, however, other AI tools look familiar from what we’ve seen on the market. Ahead of the demo, the company emphasized that the majority of the new tools are powered by Apple Intelligence. If you want your email to sound more professional, or more friendly, Apple says its AI will take a stab. Siri’s AI flexApple really flexes its AI muscle, however, when it comes to Siri, which Apple says is taking a massive step forward by becoming more contextually relevant and more personal. In the demo, Apple showed how someone could upload a picture of vegetables at a farmer’s market and ask what they could make for dinner.

Persons: “, they’re, –, Siri, Craig Federighi, It’ll, they’ve, OpenAI, Apple, Genmoji, Roger Federer, he’s, it’s Organizations: CNN, Developers, Apple, “ Apple Intelligence, Apple Apple Intelligence, Google, Samsung, Catering, Apple Intelligence

☆ I'm a cybersecurity expert who likes using AI. But I'd never share a few things with ChatGPT or its competitors.
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

I'm a security expert and a vice president of engineering at a content management system company, which has Netflix, Tesla, and Adidas among its clients. Here are four things I would keep in mind when interacting with AI chatbots like OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, or Perplexity AI. Follow company AI guidelinesAs using AI in the workplace becomes common for tasks like coding or analysis, it is crucial to follow your company's AI policy. As AI chatbots become more humanlike, we are swayed to share more and open up to topics we would not have before. Do you work in tech or cybersecurity and have a story to share about your experience using AI?

Persons: —, Sebastian Gierlinger, Google's, Anthropic's Claude, ChatGPT, OpenAI, chatbots Organizations: Service, Netflix, Tesla, Adidas, Business, Facebook Locations: Storyblok, Austria

☆ Microsoft is considering an AI revamp of its 365 software bundles, sources say
▼ + stars: | 2024-06-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

☆ We might have Microsoft to thank for Apple seeing the light on AI
▼ + stars: | 2024-06-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Microsoft's GitHub Copilot is partly responsible for bringing a focus on generative AI to Apple, a report says. Apple's senior vice president of software engineering became a "convert" after trying it, per The Wall Street Journal. Apple execs were also impressed by ChatGPT and subsequently wanted to upgrade Siri, The New York Times previously reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Apple exec was inspired to drive a focus on generative AI in his division after using one such tool from the competition, a new report says.

Persons: Microsoft's, Apple's, Apple execs, ChatGPT, Siri, —, Craig Federighi, GitHub Organizations: Apple, Street, The New York Times, Service, Wall, Microsoft, Business Locations: The

☆ Microsoft is outsourcing its best AI, tech CEO says — and that's good news for Google
▼ + stars: | 2024-06-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Lionel Bonaventure | Afp | Getty ImagesLONDON — Microsoft is handing over the development of all of its best artificial intelligence tools and software to OpenAI, according to one tech CEO — which could be a boon for arch-rival Google. He noted that the so-called transformers that power today's generative AI technologies "all came from Google." Microsoft as an AI 'consultancy'McKinnon added that there's a risk Microsoft's position in AI becomes reduced to that of a "consultancy." Still, Google has a mountain to climb if it's going to achieve commercial success with its own AI investments. Microsoft has effectively become the leader in the push toward foundation AI models given its investment in and partnership with OpenAI.

Persons: Lionel Bonaventure, Todd McKinnon, McKinnon, OpenAI, Bard Organizations: Bard, Google, Getty, Microsoft, CNBC, OpenAI

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

Club holdings Microsoft and Best Buy were the subject of upbeat Wall Street research, while TJX Companies hit an intraday high Friday on the same day it announced plans to enter a new international market. BBY YTD mountain Best Buy year-to-date performance The news: Loop Capital increased its Best Buy price target to $100 from $93 while maintaining its buy rating on the stock. On the stock, Loop sees Best Buy trading at a "significant discount" to the valuations of other retailers with relatively slow growth. Shares of Best Buy were slightly lower Friday, though they hit a new 52-week high Friday of $89 each earlier in the session. TJX YTD mountain TJX Companies (TJX) year-to-date performance The news: TJX Companies is expanding into Mexico.

Persons: Oppenheimer, OpenAI, Copilot, it's, we're, Jim, I'm, bode, Citigroup's, Tommy Hilfiger, Calvin Klein, Axo, Ernie Herrman, TJX, Jim Cramer's, Jim Cramer, Shannon Stapleton Organizations: Microsoft, TJX Companies, Analysts, Federal Trade Commission, CNBC, Club, Amazon, TJX, Grupo Axo, Axo, Black Locations: Mexico, Chile, Peru, Maxx, U.S, Westbury , New York

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