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☆ Big Tech goes on AI charm offensive in Europe as regulators circle
▼ + stars: | 2024-05-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

It's worth noting that their comments come as the world's first major law governing AI, the EU's AI Act, was given the final greenlight. Meanwhile, European Commissioner Thierry Breton, a major architect of rules around Big Tech, is set to speak later in the week. Vogels, who is tasked with driving technology innovation within Amazon , said that AI can be used to "solve some of the world's hardest problems." Manyika said Google open-sourced its watermarking tech so that any developer can "build on it, improve on it." "I am concerned that there is potential for monopolies to emerge around Big Tech and AI," he said.

Persons: Rafael Henrique, Lightrocket, Werner Vogels, Society James Manyika, Thierry Breton, Vogels, Manyika, it's, Google's, Gemma AI, Emmanuel Macron, Eric Schmidt, Yann LeCun, Macron, Matt Calkins, Appian, Calkins Organizations: Getty, France —, Viva Tech, Amazon Chief, Google, Technology, Society, Regulators, Big Tech, European Union, Microsoft, Amazon, Meta, Elysee, CNBC Locations: PARIS, France, Paris, Jakarta, Indonesia, View , California, U.S

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Microsoft 's Build developer conference kicks off on Tuesday, giving the company the opportunity to showcase its latest artificial intelligence projects, following high-profile events this month hosted by OpenAI and Google . Microsoft CEO Satya Nadella said in January that 2024 will mark the year when AI will become the "first-class part of every PC." Now, PC users will get to hear more about how AI will be embedded in Windows and what they can do with it on new AI PCs. Demand for PCs was "slightly better than expected," Microsoft CFO Amy Hood said on the company's quarterly earnings call last month.

Persons: Satya Narayana Nadella, Satya Nadella, OpenAI, Morgan Stanley, Erik Woodring, Amy Hood Organizations: Microsoft, OpenAI, Google, Windows, Bing, Dell, Technology, Gartner Locations: Manhattan, New York City

☆ Google has an idea to prevent phone scams, but it'll mean allowing its AI to listen in on your calls
▼ + stars: | 2024-05-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Google is testing its Gemini AI to detect and alert users of potential scams during phone calls. The AI alerts users of scam patterns like urgent payment demands. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle is playing around with AI tech that would listen to your calls and warn you of potential scams. Google announced on X on Tuesday that it's testing a new Gemini AI feature that "provides real-time alerts during a call if it detects conversation patterns commonly associated with scams."

Persons: — Organizations: Google, Service

☆ Google's Android chief says AI will change what smartphones can do and reset the battle with Apple for mobile supremacy
▼ + stars: | 2024-05-15 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

This job also includes Android TV, Android Auto, and new augmented and mixed-reality technology. With Google's new Gemini AI models, "we can do things that have never been possible on smartphones," he added. The "System UI" levelThis is possible because Google has baked Gemini AI models and assistant technology into the "System UI" level on Android devices. However, he stressed that this doesn't mean the company can't build unique experiences on Android devices, including many new AI experiences. This works through a combination of Google Search, Gemini AI technology, and Android — something that's not possible on any other platform, Samat said.

Persons: —, Sameer Samat, Zak Brown, Samat, He's, It's, Gemini Organizations: Service, Google, Android Ecosystems, Android, Android Auto, Business, Apple, Samsung, Gemini

☆ Google's shiny new AI gave the wrong information in a promo video — again
▼ + stars: | 2024-05-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

But Google's Tuesday video shows one of the major pitfalls of AI: wrong, not just bad, advice. A minute into the flashy, quick-paced video, Gemini AI in Google Search presented a factual error first spotted by The Verge. Professional photographers — or anyone who has used a film camera — know that this is a terrible idea. AdvertisementEarlier this year, the Gemini chatbot was hammered for refusing to produce pictures of white people. Last year, users of Bing, Microsoft's AI chatbot, reported strange interactions with the bot.

Persons: —, Bard chatbot, James Webb, Bing Organizations: Service, Google, Gemini, Business, Google Google, Telescope, gaslight, Companies, Air Canada

Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.

Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini

☆ Google teases the return of Google Glass in Project Astra demo
▼ + stars: | 2024-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

While promoting Project Astra, Google CEO Sundar Pichai teased the possible return of Google Glass. The first Google Glass was originally launched in 2013 and was a remarkable commercial failure. "Google Glass has RE-entered the chat," one user quipped below the YouTube video promoting Project Astra and featuring the prototype glasses. AdvertisementThe original Google Glass debuted in 2013 but was a remarkable commercial failure. Production on the original Google Glass was ultimately discontinued in 2015, though two enterprise editions were attempted in 2017 and 2019, respectively.

Persons: Sundar Pichai, Pichai, —, Sundar Pichar, Pichar, toted, Quinn Meyers Organizations: Astra, Google, CNBC, Service, Project Astra, Business, YouTube, Apple, Gemini

Meanwhile, OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. Gemini AI updatesGoogle introduced updates to Gemini 1.5 Pro, its AI model that will soon be able to handle even more data — for example, the tool can summarize 1,500 pages of text uploaded by a user. Generative AI tools such as chatbots and image creators continue to have issues with accuracy, however. New search featuresThe tech giant is launching "AI Overviews" in Google Search on Monday in the U.S. AI Overviews show a quick summary of answers to the most complex search questions, according to Liz Reid, head of Google Search. Google Search found the model of the record player and suggested that it could be malfunctioning because it wasn't properly balanced.

Persons: Sundar Pichai, Andrej Sokolow, Anthropic, OpenAI, There's, Pichai, Gemini, Apple's Siri, Prabhakar Raghavan, Liz Reid, you'll, that's, Google's, Tony Stark's, —, ChatGPT, Demis Hassabis Organizations: Google, Getty, Gemini, Monday, Gmail, Astra Project Astra, Marvel, Astra Locations: U.S

☆ Google just gave us a tantalizing glimpse into the future of AI agents
▼ + stars: | 2024-05-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Read previewWhat if the Google Assistant was actually… an assistant? In short: AI agents are what have the best shot at taking this technology from "nice to have" to "need to have." But there are other ways these AI agents will emerge in the nearer term. Google teased a combination of updates that will soon make its Gemini AI chatbot more capable and proactive. Tentacles and tailoringBut it's in its legacy products that Google really has an edge when it comes to enabling agent-like qualities.

Persons: —, It's, Sundar Pichai, Pichai, Astra Pichai, We've, Demis Hassabis, OpenAI, Sissie Hsiao, Hsiao, Chatbots, Liz Reid, Google's, Reid Organizations: Service, Google, Business, Astra, Gemini Locations: London

☆ OpenAI unveils newest AI model, GPT-4o
▼ + stars: | 2024-05-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

The new model, called GPT-4o, is an update from the company’s previous GPT-4 model, which launched just over a year ago. Rivals including Google and Meta have been working to build increasingly powerful large language models that power chatbots and can be used to bring AI technology to various other products. The OpenAI event came one day ahead of Google’s annual I/O developer conference, at which it’s expected to announce updates to its Gemini AI model. OpenAI executives demonstrate the company's latest large language model, GPT-4o. Free ChatGPT users will have a limited number of interactions with the new GPT-4o model before the tool automatically reverts to relying on the old GPT-3.5 model; paid users will have access to a greater number of messages with the latest model.

Persons: OpenAI, Mira Murati, ” Murati, ChatGPT, “ You’re, Scarlett Johansson, ”, Sam Altman, it’s Organizations: New, New York CNN, Monday, San, Rivals, Google, Gemini, Apple, Worldwide Developers Conference, Microsoft Locations: New York, ChatGPT, San Francisco

☆ Google CEO responds to 'woke AI' criticisms after Gemini debacle: 'We got it wrong'
▼ + stars: | 2024-05-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

Google's CEO said "We got it wrong" in response to Gemini's AI debacle. Google has temporarily disabled Gemini's ability to generate images of people. AdvertisementGoogle's CEO reflected in a new interview on the company's Gemini AI image-generation debacle earlier this year, a controversy that drew backlash. Google CEO Sundar Pichai told Bloomberg in an interview published Wednesday that "we got it wrong" and it was a case in which good intentions went awry. Following criticism of the issue, Google paused Gemini from generating AI images of people while it corrected the changes.

Persons: Sundar Pichai, —, Pichai, should've, chatbot, Gemini Organizations: Google, Service, Bloomberg

☆ Earnings playbook: Your guide to trading a huge week of reports, including Meta Platforms
▼ + stars: | 2024-04-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Tesla is set to report earnings after the bell. What history shows: Bespoke data shows Tesla beats earnings estimates 63% of the time. What history shows: Boeing shares have risen in four of the past five earnings days, Bespoke data shows. Meta Platforms is set to report earnings after the closing bell. What history shows: Microsoft earnings have beaten earnings estimates in six straight quarters, Bespoke data shows.

Persons: Michael Wayland, FactSet, Tesla, TSLA, Emmanuel Rosner, Dave Calhoun, Peter Saleh, Saleh, Chipotle, Morgan Stanley's, Ford, Jim Farley's, Ronald Josey, Jordan Novet Organizations: General Motors, CNBC, Tuesday, GM, Wall, Motors, Investment, Deutsche Bank, EV, Boeing, Ford, Management, Ford Motor, Detroit, Investors, Citi, Meta, Bloomberg News, Apple, Microsoft Locations: California

☆ Opinion: Google’s AI blunder over images reveals a much bigger problem
▼ + stars: | 2024-04-09 | by ( Rizwan Virk | ) edition.cnn.com time to read: +8 min

When asked, Gemini politely refused in some instances to generate images of historically White people, such as the Vikings. In the image space, if you asked previous AI image generators for an image of a CEO or a doctor, they initially almost always showed images of White males. Google announced its Gemini AI chatbot was pausing the generation of people in images after concerns were raised that it was creating historically inaccurate images. What makes censorship and manipulation worse with AI is that today’s AI already has a well-known hallucination problem. It may be a portent of what’s to come with AI and Big Tech leading us into Orwellian territory.

Persons: Rizwan Virk, X, Dave, I’m, OpenAI’s, Gemini, Google’s, Pope, Sundar Pichai, we’ve, ”, didn’t, Michael M, George Orwell’s “, “ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, HAL, Google, Vikings, Fox News Digital, Gemini, Getty, Big Tech, Microsoft, Apple Locations: zenentrepreneur.com, White, German

☆ Google's AI search tool doesn't seem to have mastered math yet
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.

Persons: —, Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service

A significant chunk of that money was strategic, in that it came from tech companies rather than venture capitalists or other institutions. The company has refocused much of its product development on generative AI, and its newly rebranded Gemini model, adding features into search, documents, maps and elsewhere. Alphabet and Nvidia are also investors in Runway ML, a generative AI company known for its video-editing and visual effects tools. Microsoft has invested in many of the techniques underpinning generative AI through its Microsoft Research division. Apple researchers recently published details of their work on MM1, a family of small AI models that can take both text and visual input.

Persons: Satya Nadella, Sam Altman, Justin Sullivan, Claude, Fred Havemeyer, Havemeyer, that's, Anthropic, Gemini Ai, Michael M, It's, Amy Hood, dealmaking Daniel Newman, Mustafa Suleyman, Newman, Lina Khan Organizations: Getty, Getty Images Tech, aren't, GPT, Microsoft, Meta, Apple, Nvidia, Google, Web Services, Amazon, Santiago, AMD, Runway ML, Mistral, Big Tech, Microsoft Research, Baidu, Futurum, Anthropic, Federal Trade Commission Locations: San Francisco, Macquarie, Anthropic, New York City, Mistral, U.S, China

☆ Investor Brad Gerstner bought notable first-quarter underperformers Tesla and Alphabet on the dip
▼ + stars: | 2024-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Altimeter Capital's Brad Gerstner is betting on some of the first quarter's biggest technology underperformers, revealing fresh Alphabet and Tesla stakes during an interview with C NBC's "Halftime Report" on Wednesday. Both Alphabet and Tesla have lagged most of their "Magnificent 7" peers year to date as they grapple with a slew of company-specific headwinds. Despite the recent mishaps, Gerstner views Alphabet as a "super capable" company with "extraordinary resources," highlighting monetization potential within search among the reasons for diving back into shares. TSLA YTD mountain Tesla stock this year Despite some difficulties in China and the potential for Tesla to miss upcoming delivery numbers, Gerstner views much of the negativity as already priced in. "This is not for the faint of heart," he said, adding that investors need to willingly buy more shares on pullbacks.

Persons: Brad Gerstner, Tesla's, Tesla, that's, Sundar Pichai, Gerstner, Elon Musk Organizations: Nvidia, Meta, Elon Locations: China, pullbacks

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao

☆ Apple announces its annual developers conference is set for June 10
▼ + stars: | 2024-03-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +1 min

CNN —Apple announced its annual Worldwide Developer Conference will kick off on June 10, when the company is expected to show off its latest AI advancements. The conference, which is widely anticipated each year as a major showcase for Apple software news, will run Monday, June 10 through Friday, June 14. Although last year’s WWDC focused on the unveiling of the Vision Pro mixed reality headset, which launched in stores in February, this year is expected to turn to Apple’s AI efforts. A partnership with Google would catapult Apple into the growing AI arms race. In a press release on Tuesday, the company said WWDC 2024 will also share software updates coming to the iPhone, iPad, Mac, Apple Watch, Apple TV and Vision Pro headset.

Persons: CNN —, WWDC, they’ve, — Organizations: CNN, CNN — Apple, Apple, Google, Apple Watch

☆ Google's new Gemini AI model says the company has a 'virtual monopoly' on digital advertising
▼ + stars: | 2024-03-25 | by ( Alistair Barr | ) www.businessinsider.com time to read: +1 min

A CEO and a VC used Google's Gemini AI models for investment advice. Gemini listed Google parent Alphabet as a top 'Bottleneck Stock.' The AI model noted Google's domination of the online advertising market. Every Media CEO Dan Shipper recently posted a video of him playing with Google Gemini AI models, including the fancy 1.5 version. This story is available exclusively to Business Insider subscribers.

Persons: —, Dan Shipper, Jesse Beyroutey Organizations: Service, Every, Google, Business

☆ AI Is Upending Google's Search Business. a Lady Gaga Query Shows How.
▼ + stars: | 2024-03-19 | by ( Kali Hays | Hugh Langley | ) www.businessinsider.com time to read: +16 min

Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.

Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI

☆ Apple and Alphabet stocks rally on report Google's Gemini could power next-gen iPhones
▼ + stars: | 2024-03-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Bloomberg reported Monday Apple and Google are in talks for iPhones to integrate Gemini AI. "The potential deal is a validation moment for Google's generative AI positioning," Wedbush said. AdvertisementBloomberg reported Monday that Google and Apple are in talks to potentially integrate Gemini's generative AI technology with iPhones, and shares of both companies soared on the news. "The potential deal is a validation moment for Google's generative AI positioning," Wedbush analyst Scott Devitt said in a note Monday. AdvertisementSources told Bloomberg that Apple could license Gemini to support new software coming to iPhones this year, adding that Apple has held similar discussions with OpenAI.

Persons: Wedbush, —, Scott Devitt, Elon Musk, Apple, Devitt Organizations: Bloomberg, Apple, Google, iPhones, Gemini, Service, Bank of America, Al Locations: New York, Cupertino

☆ How an Apple and Alphabet AI deal could benefit both companies and their out-of-favor stocks
▼ + stars: | 2024-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The aforementioned Siri is an obvious area in need of a generative AI upgrade. That said, we do know that Apple has been hard at work on its own generative AI model, Ajax. However, if true, this would prove a major, and much-needed, win for Alphabet in generative AI. AAPL YTD mountain Apple YTD As for Apple, we've been expecting an update on its generative AI efforts at some point this year. A smart phone displaying Google with Google Gemini in the background is being featured in this photo illustration in Brussels, Belgium, on February 8, 2024.

Persons: Tim Cook, Apple, we're, Bard, Sundar Pichai, Jim Cramer, Apple's Siri, Siri, It's, we've, Jim, Jim Cramer's, Jonathan Raa Organizations: Apple, Bloomberg, Google, ChatGPT, Microsoft, CNBC, Ajax, Developers, Nvidia, Charitable Trust, Google Gemini, Nurphoto, Getty Locations: U.S, Wells, Brussels, Belgium

☆ Apple in talks to license Gemini AI for iPhones
▼ + stars: | 2024-03-18 | 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 EmailApple in talks to license Gemini AI for iPhonesCNBC's Deirdre Bosa joins 'The Exchange' to report on the implications of potential Google AI engines in iPhones.

Persons: iPhones CNBC's Deirdre Bosa Organizations: Apple Locations: iPhones

☆ Apple is getting serious about AI
▼ + stars: | 2024-03-18 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

It comes as Apple is expected to unveil several new AI features at its developer conference in June. According to a Bloomberg report, Apple is interested in licensing and building Google’s Gemini AI engine, which includes chatbots and other AI tools, into upcoming iPhones and its iOS 18 features. A partnership with Google would catapult Apple into the growing AI arms race. Apple, Google and OpenAI did not respond to a request for comment. Behind the scenes, Apple reportedly has been working its on-device generative AI capabilities and acquiring companies, such as Canadian startup DarwinAI.

Persons: they’ve, —, Siri, OpenAI, Tim Cook, we’re, Apple, Angelo Zino, Beata Zawrzel, Wedbush Organizations: CNN, Apple, Google, Bloomberg, Learning Research, CFRA Research, Wedbush Securities, Gemini, Microsoft Locations: Cupertino

☆ Apple's first AI move may be outsourcing the mess to Google
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Why handle the mess of AI by itself when it can pass it on to someone else? AdvertisementApple does, of course, want an AI strategy, despite all the mess the technology brings with it. Fresh AI features could help Apple boost falling iPhone sales in China. Fresh generative AI features could give iPhones the extra edge they need to boost sales again. In addition, Apple will have several new AI features based on its own, homegrown LLM models we expect to be unveiled at WWDC this June.

Persons: —, Tim Cook, they've, Apple, Perfectionism, Steve Jobs, Cook, OpenAI's GPT, Dan Ives Organizations: Service, Google, Bloomberg, Apple, Business, Publishing, Getty, Worldwide Locations: China, China —

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