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☆ A new mantra for AI models: 'good enough' is good enough
▼ + stars: | 2024-05-16 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +5 min

In particular, it beat OpenAI's GPT 3.5, a model that was released two years earlier, an eternity in AI years. This new, leaner model will cost users only 35 cents per million tokens, compared with $7 per million for the Gemini 1.5 Pro model. But it remains to be seen if state-of-the-art is actually a good business model. said the founder and CEO of one seed-stage startup that's training new AI models, "but then, you know, as businesses, what you also want to do is what is good enough." As AI models get bigger and gobble up more money and computing resources, there are often diminishing returns in terms of performance.

Persons: —, Databricks, Ali Ghodsi, Ghodsi, Claude, it'll, Morgan Stanley, Martin Kon, Kon, OpenAI Organizations: Service, Business, Companies, Google, Gemini, Microsoft, Apple

☆ U.S. economy at risk of seeing higher rates, warns NewEdge's Ben Emons
▼ + stars: | 2024-05-09 | 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 EmailU.S. economy at risk of seeing higher rates, warns NewEdge's Ben EmonsBen Emons, NewEdge Research, joins 'Fast Money' to talk the state of the U.S economy and why we shouldn't hold our breath for a rate cut anytime soon.

Persons: NewEdge's Ben Emons Ben Emons Organizations: U.S Locations: U.S

☆ Cheating death: The latest research on aging and immortality from a Nobel Prize-winning scientist
▼ + stars: | 2024-04-09 | by ( Jessica Dulong | ) edition.cnn.com time to read: +11 min

Ramakrishnan shares his perspectives on the realities of aging, death and immortality. Nobel Prize-winning molecular biologist Venki Ramakrishnan offers his perspective on aging, death and immortality. But biologists don’t believe that aging and death are programmed in the sense that a fertilized egg is programmed to develop into a human being. Larger animals tend to live longer. CNN: What are the societal costs of the quest to cheat aging and death, particularly inequities?

Persons: Harper Collins, Nobel, Venki Ramakrishnan, Venki, they’ve, Jeanne Calment, Dolly, I’m, it’s, Don’t, Steven Johnson, we’re, we’d, It’s, Jessica DuLong, ” Organizations: CNN, Aging Locations: French, Brooklyn , New York

☆ Meet the executive who found his calling in Singapore restoring hearing for millions
▼ + stars: | 2024-03-25 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

He runs manufacturing operations at WS Audiology, a global leader in the hearing aid industry. During my recent visit to WSA's regional headquarters in Singapore, I met with Marcin Dabrowski, director of manufacturing. In 2019, he jumped at the opportunity to join hearing aid manufacturing at the WSA Singapore headquarters, where he also relocated with his family. Starting as a senior manager, he quickly rose to a position overseeing manufacturing operations at the Singapore facility, where he manages WSA's global product volume. He's immensely proud of the awareness his work and WSA's mission have brought to the millions of people worldwide facing hearing loss.

Persons: Marcin Dabrowski, Kris LeBoutillier, he's, Dabrowski Organizations: WS Audiology, WSA, WSA Singapore, Changi, ExploreAI, Insider Studios, Singapore Economic Development Board Locations: Poland, Singapore, Asia, Denmark, Germany, Asia Pacific, Philippines

☆ Deloitte's Kwasi Mitchell on 2024: It's our job to make college students less nervous about the future of work
▼ + stars: | 2023-12-18 | by ( Josée Rose | ) www.businessinsider.com time to read: +8 min

I first spoke to Kwasi Mitchell, Deloitte's first chief purpose officer, in March about change in corporate America. For one, his role evolved from broadly touching on sustainability, equity, and social impact to overseeing all DEI — diversity, equity and inclusion — responsibilities at the consulting firm. Mitchell's insights are part of Business Insider's year-end leadership package, "Looking Ahead 2024," which digs into vision, strategy, and challenges across corporate America. I distinctly remember sitting across the table, starting to work with our collaborators on what actually could this be. Having a coalescing force with a few organizations to drive momentum could be really really interesting and impactful in the future.

Persons: Kwasi Mitchell, Deloitte's, Mitchell, there's, He's, we've Organizations: Service, DEI Institute, Deloitte, Economic, San Francisco Chamber of Commerce Locations: America, Business, San Francisco, Francisco, Ukraine, Israel, Palestine

☆ Biden Finalizes Significant Overhaul in Federal Regulations
▼ + stars: | 2023-11-09 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

The Biden administration has overhauled how the federal government assesses the costs and benefits of regulation and some government spending programs, clearing a path for more aggressive efforts to fight climate change and help the poor. Officials at the White House Office of Information and Regulatory Affairs, a branch of the Office of Management and Budget, finalized a new and complicated set of rules on Thursday. They would change how federal agencies tally and weigh the potential value and harm of new regulations related to climate change, taxation, the distribution of disaster relief assistance and more. The federal government has long used so-called benefit-cost analysis when setting regulations that cover business activity, environmental pollution and much more. Its rules guiding those regulations were last changed during the George W. Bush administration, prompting many economists to complain that officials were not taking updated economic data and cutting-edge research into account when issuing regulations that can have vast consequences immediately and in the future.

Persons: Biden, George W, Bush Organizations: White, Office of Information, Regulatory Affairs, Management, Budget

☆ Mark Zuckerberg's Meta has lost nearly $50 billion on the metaverse - more than Ford, Hershey, or Kraft Heinz are worth
▼ + stars: | 2023-10-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg's Meta has recorded nearly $50 billion of metaverse losses in under five years. "We expect our RL operating losses to increase meaningfully in 2024," they noted in Meta's third-quarter earnings. Meta's metaverse losses to date exceed the market capitalization of Ford ($45 billion), Keurig Dr. Pepper ($41 billion), Hershey ($39 billion), Kraft Heinz ($39 billion), and many other large companies. They could soon overtake Lululemon ($49 billion), Chipotle ($50 billion), Target ($51 billion), and Monster Beverage ($52 billion) in size. They would also be worth nearly half as much as Zuckerberg ($105 billion).

Persons: Mark Zuckerberg's Meta, Kraft Heinz, Nike's Phil Knight, Nvidia's Jensen Huang, Ken Griffin, —, Zuckerberg's Meta, Zuckerberg, Dr, Pepper, Phil Knight, Jensen Huang, Taylor Organizations: Ford, Hershey, Service, Reality Labs, Lululemon, Monster Beverage, Bloomberg, Nike, Nvidia, Citadel, Meta, NBA Locations: Meta's

☆ Google VP teases Gemini's multimodal future: 'I've seen some pretty amazing things.'
▼ + stars: | 2023-10-12 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.

Persons: Bard, —, OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard

☆ Should you still push kids to get a degree? Yes, experts say: 'There's not a better substitute for college'
▼ + stars: | 2023-10-07 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

The data in support of a college education is strong. So it can be increasingly difficult to determine if a college education is worth it. For many, a college degree is 'an insurance policy'With the statistical outcomes for college graduates so strong, it can be jarring for parents to face a child who tells them they don't want to go. "For many people, [a bachelor's degree] is an insurance policy." 'Look at college as a consumer'Earning your bachelor's degree is often expensive, which scares off a lot of students.

Persons: Tim Davis, Davis, it's, Erika Katz, Katz, —, they're Organizations: College, San Francisco Fed, National Center for Education Statistics, University of Virginia, CNBC, Edge Research, Gates Foundation

☆ Every 36 minutes, a child in the US is diagnosed with cancer. Here's how Hyundai is funding research to find a cure.
▼ + stars: | 2023-09-21 | by ( Sponsor Post | Created Hyundai Hope On Wheels With Insider Studios | ) www.businessinsider.com time to read: +5 min

Every September, the nation spotlights the need for more awareness and support in the battle against pediatric cancer. Hyundai Hope On WheelsFor 25 years, Hyundai has been on a quest to end childhood cancer with Hyundai Hope On Wheels. Hyundai Hope On Wheels has provided research and support grants to some of the nation's top pediatric hospitals and research centers. Hyundai Hope On Wheels celebrates 25 years with a $25 million donation to pediatric cancer research at the 2023 New York Auto Show . Click here for more information about Hyundai Hope On Wheels' efforts to end pediatric cancer.

Persons: —, Hope, Raynie Clark, Oliver Foster, John Guastaferro Organizations: Hyundai, Hyundai Hope, Hyundai Motor America, New York, Cancer, handprints, York Auto, Youth Ambassador, Humanity, Insider Studios Locations: New England, Las Vegas , Nevada, Bloomington , Illinois

☆ I was told I'd never get into Yale because of Asian American prejudice, but I beat the odds and got in. Now I teach other students how to get into their dream schools.
▼ + stars: | 2023-08-17 | by ( Christopher Rim | ) www.businessinsider.com time to read: +6 min

My counselor told me it would be difficult to get into Yale because of Asian American prejudice. As an Asian American student with a 3.7 unweighted GPA, he said, I had no chance of getting into such a prestigious university. But for myself and fellow Asian American applicants, it was an ever-present obstacle to overcome. At every turn, I was reminded that I was competing against other, more-qualified Asian American students and that I was fighting to defy rampant stereotypes. Everyone around me told me that this was a nearly impossible accomplishment as an Asian American student, especially one with my grades.

Persons: —, I've Organizations: Yale, Service, Yale University, Asian, Ivy League, Stanford, Dartmouth Locations: Wall, Silicon, American

☆ Inside the secret Google DeepMind mafia of founders working on new stealth AI startups
▼ + stars: | 2023-08-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

There is an influx of cash and interest into artificial intelligence startups right now. Insider spoke to ex-Google DeepMind staffers who have founded AI startups in stealth. He isn't the only DeepMind alum working on practical applications of artificial intelligence. Last month, Mistral, an AI startup founded by DeepMind alum, secured $113 million in seed funding from Lightspeed just four weeks after it launched. He has since been working on his second AI startup in stealth mode since June 2023, adding that working under the radar was inspired by DeepMind's "own model of working in stealth."

Persons: Mustafa Suleyman, Suleyman, Devang Agrawal, Jonathan Godwin, DeepMind, Godwin, Simon Kohl, Ang Li, isn't, Li, Simon Menashy, Adam Liska, Demis Hassabis, GlyphicAI's Agrawal, Mehdi Ghissassi, OpenAI's, Agrawal, Karl Moritz Hermann, DeepMind's Organizations: Google, Microsoft, Nvidia, Labs, MMC Ventures, DeepMind, Lightspeed Locations: DeepMind, London, California

☆ Behind the Scenes of College Admissions
▼ + stars: | 2023-07-24 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

Many of my articles have suggested that the colleges are not enrolling as many low- and middle-income students as they could. This morning, a team of economists released a detailed study of elite college enrollment. It’s based on admissions records that several colleges made available as well as tax returns that tracked students after college. The findings likely apply to many elite colleges, including the Ivy League, Duke, Stanford, Swarthmore and Williams. And the implications are particularly relevant when many colleges are revamping admissions policies in response to the Supreme Court’s rejection of affirmative action.

Persons: Williams Organizations: Ivy League, Duke, Stanford, Swarthmore

☆ Drug shortages’ effects on cancer research may be felt for years to come
▼ + stars: | 2023-07-20 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

But these shortages aren’t just bad for current patients, experts say; their effects on cancer research may be felt for years to come. The National Cancer Institute, the federal government’s main agency for cancer research and training, told CNN that at least 174 of its own trials may be affected by the shortages. Cisplatin and other platinum-based drugs are prescribed for 10% to 20% of all cancer patients, according to the National Cancer Institute. Crucial work on hold“With drug shortages, trials have become almost like an impossible task. “These drug shortages come and go, and there’s no real rhyme or reason, and there seems to be no rhyme or reason in terms of which institutions have shortages.

Persons: Joe Biden, it’s, ’ ”, Shadia Jalal, Indiana University Melvin, Jalal, She’s, they’ve, ” Jalal, “, ”, haven’t, “ We’ve, Mark Fleury, Fleury, you’re, ” Fleury, Dmitry Walker, Merck, We’ve, ” Walker, there’s, Biden, Lawrence Feldman, ” Feldman, Feldman, Dr, Sanjay Gupta, ‘ Organizations: CNN, National Cancer Institute, American Society of Health, Cancer, Indiana University, Bren Simon Comprehensive Cancer Center, Hematology, Oncology, IU School of Medicine, Hoosier Cancer Research Network, Veterans Administration, American Cancer Society Cancer Action Network, American Cancer Society, WVU Medicine, US Food, Pharmacists, National Comprehensive Cancer Network, University of Illinois Medical Center, CNN Health Locations: United States, China, Chicago

☆ Apple's AI strategies, especially for Siri, aren't very smart
▼ + stars: | 2023-05-14 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

But when it comes to artificial intelligence, particularly Siri, Apple has gone from leader to laggard. Siri was introduced to the world in 2011 – 12 years ago – and was lauded at the time as a breakthrough in AI technology. Open-source technology allows developers to collaborate and contribute to a project, leading to faster and more efficient development cycles. Still, Google, which has a long history of open-source involvement, publishes hundreds of AI research papers yearly. While that's helpful (especially for selling Macs to AI developers), it's not the kind of kumbaya sharing that the open-source community relies on.

☆ Apple CEO Tim Cook's slow, steady leadership style may turn out to be the exact antidote to the carnage sweeping the tech sector
▼ + stars: | 2023-01-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Apple is now the only major tech giant that hasn't conducted mass layoffs recently. Apple is in a different position than its peers because it has been more strategic about its growth. Wall Street hopes that CEO Tim Cook's pragmatic approach puts Apple in a better spot. Apple is in a different, stronger position, though, industry analysts tell Insider — a position that they say validates CEO Tim Cook's pragmatic approach to growth. Lastly, another hallmark of Cook's strategy is that Apple doesn't have a history of pouring money into risky, whimsical side projects.

☆ Wall Street finally has the leverage it's been wanting over Big Tech
▼ + stars: | 2022-11-18 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +6 min

Take one giant step back, and there's one group benefitting from all the tech carnage: Wall Street investors, who finally have leverage over Big Tech after years of having to swallow spending to excess. Wall Street is ready to slice and dice. The balance of power has shifted: With tech companies struggling on the public markets, Wall Street has more leverage than it's held in a long time. Read more about how Wall Street is taking the driver's seat in tech here. Their mutual interest is complicated by fights over licensing and costs, Insider reports here.

☆ TikTok's e-commerce plans may include enabling users to shop by voice, according to a trademark filing
▼ + stars: | 2022-11-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok is considering letting users shop by voice, according to a September trademark filing. The trademark application also showcased other areas of e-commerce that TikTok may break into. TikTok is considering releasing new technology that would enable users to shop by voice, according to a US trademark application filed in September by its parent company ByteDance. While TikTok can file a trademark application for any goods or services it wants, in order for the trademark to actually register, it would actually have to start offering them, Gerben said. And the company recently moved over one of its top advertising executives to focus on its TikTok Shop product in the US, the Financial Times reported.

☆ Unilever CFO Struggles With Forecasting Accuracy Amid High Inflation
▼ + stars: | 2022-10-27 | by ( Mark Maurer | ) www.wsj.com time to read: +4 min

Unilever on Thursday said its expected net inflation from materials is €4.5 billion—equivalent to $4.5 billion—for 2022, up from €1.3 billion the previous year. Materials inflation generally ranged from €100 million to €300 million during the years before 2021, Mr. Pitkethly said. “Our forecasting accuracy has been a lot worse over the last year or so since this period of inflation hit,” he said. Graeme Pitkethly, chief financial officer at Unilever. Further hiking prices in the fourth quarter is a “distinct possibility,” Mr. Pitkethly said, adding he doesn’t expect the increases to deter consumer demand.

☆ About 17 Americans die waiting for transplants each day. Scientists are trying to make more organs in 5 creative ways.
▼ + stars: | 2022-10-18 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

Courtesy of Leilani GrahamIf pig organs turn out to be just as effective as human organs, she added, "That is more appealing to me than using marginal donors." If the technique works for human organs in the future, it could allow clinicians to preserve many more organs for donation after death. Changing organs' blood typeEnzymes are delivered to a lung inside a perfusion machine at Dr. Marcelo Cypel’s lab. Growing synthetic organs from stem cellsResearcher Stormy Chamberlain holds a tray of stem cells at the University of Connecticut's Stem Cell Institute. Hanna started a company called Renewal Bio to pursue the possibility of turning stem cells into organs for transplants.

☆ 5 cutting-edge medical experiments could expand our organ supply, from gene-edited pigs to artificial embryos
▼ + stars: | 2022-09-24 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Courtesy of Leilani GrahamIf pig organs turn out to be just as effective as human organs, she added, "That is more appealing to me than using marginal donors." While much of the shortage is driven by imperfect logistics and bureaucracy rather than supply, cutting-edge research could make organs — human, pig, or synthetic — more accessible in Graham's lifetime. If the technique works for human organs in the future, it could allow clinicians to preserve many more organs for donation after death. Changing organs' blood typeEnzymes are delivered to a lung inside a perfusion machine at Dr. Marcelo Cypel’s lab. Growing synthetic organs from stem cellsResearcher Stormy Chamberlain holds a tray of stem cells at the University of Connecticut's Stem Cell Institute.

☆ Scientists at America’s top nuclear lab were recruited by China to design missiles and drones, report says
▼ + stars: | 2022-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +8 min

The report, by Strider Technologies, describes what it calls a systemic effort by the government of China to place Chinese scientists at Los Alamos National Laboratory, where nuclear weapons were first developed. Scientists were paid as much as $1 million through participation in Chinese government “talent programs,” which are designed to recruit Chinese scientists to return to China. Moreover, U.S. officials and experts say most Chinese scientists who immigrate to the U.S. remain here — and many have made significant contributions to U.S. defense technology. Workers at Los Alamos National Laboratory in Los Alamos, N.M. Los Alamos National Laboratory via AP fileLos Alamos officials referred questions to the Energy Department, which declined to address the report’s specific findings. “No one can say this is not a national security issue,” Evanina said.

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