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☆ How Wall Street giants like JPMorgan are using AI to manage your retirement portfolio and the risks and regulations surrounding it, according to the founder of an AI safety software platform
▼ + stars: | 2024-06-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Now, investment advisors are finding new and expansive use cases for AI in financial management. Vanguard is using AI to aggregate information from earnings transcripts and research reports, and has recently begun using AI to manage four of its stock funds. State Street is adding a generative AI feature to its platform which will answer customer questions about their portfolio and run analyses on portfolio data. There are some risks to using AI in investing, especially when your money could be on the line. Congress has pushed back on the rule, but Crawford is confident that AI regulation is in the cards, given the technology's far-reaching nature.

Persons: —, Alec Crawford, They're, Crawford, it's, chatbots — Organizations: Service, Inc, JPMorgan, Vanguard, Business, SEC, GameStop

☆ Meta's AI is now in your Instagram and Facebook. Here's what it does — and whether you can turn it off
▼ + stars: | 2024-04-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Meta introduced its AI-powered chatbot Meta AI across its social media and messaging platforms. The prompt "ask Meta AI anything" shows up whenever you click on the search bar in Instagram and Facebook. But despite being available on the app, Meta AI isn't automatically connected to your social media accounts or personal information. Unlike other chatbots that you can use at your own will, you can't get rid of Meta AI. And on WhatsApp and Messenger, users can just ignore the Meta AI chats since they're not available in the search bar.

Persons: Meta, —, Mark Zuckerberg, Zuckerberg, Ana Altchek Organizations: Gemini, Service, Facebook, Apple, Meta Locations: Instagram

☆ Baidu releases new AI tools to promote application development
▼ + stars: | 2024-04-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Baidu's newly announced AI tools allow people with no coding knowledge to create generative AI-powered chatbots for specific functions, which can then be integrated in a website, Baidu search engine results or other online portals. watch nowThe basic Baidu tools are generally available to try for free, up until a certain usage limit, similar to some of Google's cloud and AI functions. Baidu this week also announced three new versions of its Ernie AI model — called "Speed," "Lite" and "Tiny" — that coders can selectively access, based on the complexity of the task. In a demonstration hall, Baidu business departments showed off how the AI tools could be integrated with virtual people doing livestreams, or directing search engine traffic to an AI-based interactive buying guide. Also on display was a humanoid robot developed by Shenzhen-based UBTech Robotics that used Baidu's Ernie AI model for understanding commands and reading written words.

Persons: Robin Li, Ernie bot, OpenAI, Ernie, Bo Du, Baidu, Buysmart.AI, Andy Qiu, That's, Qiu Organizations: Bloomberg, Getty Images, Baidu, CNBC, WestSummit Capital Management, Robotics Locations: Shenzhen, China, Getty Images SHENZHEN, Weibo, U.S

Online data has long been a valuable commodity. For years, Meta and Google have used data to target their online advertising. Political candidates have turned to data to learn which groups of voters to train their sights on. Over the last 18 months, it has become increasingly clear that digital data is also crucial in the development of artificial intelligence. models become more accurate and more humanlike with more data.

Persons: — Organizations: Meta, Google, Netflix, Spotify

Microsoft filed a motion in federal court on Monday that seeks to dismiss parts of a lawsuit brought by The New York Times Company. The Times sued Microsoft and its partner OpenAI on Dec. 27, accusing the two companies of infringing on its copyrights by using its articles to train A.I. In its motion, filed in U.S. District Court for the Southern District of New York, Microsoft argued that large language models, or L.L.M.s — the technologies that drive chatbots — did not supplant the market for news articles and other materials they were trained on. The tech giant compared L.L.M.s to videocassette recorders, arguing that both are allowed under the law. than it was to the VCR (or the player piano, copy machine, personal computer, internet or search engine),” the motion read.

Persons: OpenAI Organizations: Microsoft, The New York Times Company, The Times, Southern, of Locations: U.S, of New York

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ AIs trained on other AI output will start producing junk within a few generations, scientists warn
▼ + stars: | 2023-06-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

AIs trained solely on other AIs will eventually spiral into gibberish, machine learning experts say. As more and more AI-generated content is published online, future AIs trained on this material will ultimately spiral into gibberish, machine learning experts have predicted. A group of British and Canadian scientists released a paper in May seeking to understand what happens after several generations of AIs are trained off each other. Improbable events are less and less likely to be reflected in its output, narrowing what the next AI — trained on that output — understands to be possible. In addition to being home to some of the world's largest populations of black @-@ tailed jackrabbits, white @-@ tailed jackrabbits, blue @-@ tailed jackrabbits, red @-@ tailed jackrabbits, yellow @-"Anderson likened it to massive pollution, writing: "Just as we've strewn the oceans with plastic trash and filled the atmosphere with carbon dioxide, so we're about to fill the Internet with blah."

Persons: Ross Anderson, Anderson, Mozart, Antonio Salieri, Salieri, Dr Ilia Shumailov, —, NewsGuard, Shumailov Organizations: AIs, Morning, University of Cambridge, University of Oxford, Washington Post

☆ Google tells staff not to put confidential information into AI chatbots – including its own Bard, report says
▼ + stars: | 2023-06-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Google is warning staff not to put confidential material into chatbots, Reuters reported. Google also told engineers not to use AI for writing code as it could give undesirable suggestions. Google, one of the biggest players in the AI race, is warning its staff about using chatbots — including its own, Reuters reported. The company told Reuters that while Bard can be helpful for programmers, it may also give undesirable code suggestions. Insider reported in February that Google previously warned staff training Bard ahead of its release not to give it internal information.

Persons: ChatGPT, Bard, it'd Organizations: Google, Reuters, Walmart, Microsoft Locations: chatbots

☆ Dr. Chatbot will see you now
▼ + stars: | 2023-06-06 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Almost invariably, the chatbot answers were rated as three or four times as reliable as the ones from the poor wee humans. But here's the most striking part: The chatbot answers, on average, were rated seven times as empathetic as the ones from humans. It's as if the unfeeling android Mr. Data figured out how to convincingly emulate Dr. Crusher's comforting bedside manner. Give those medical chatbots access to people's individual medical records, and they could offer more precisely directed advice. Healthcare AI startups will want the cheapest versions with the most financial bang, which won't necessarily have the best patient outcomes.

Persons: feely, San Diego lurked, I'm, ChatGPT, John Ayers, Ayers, —, chatbot, they're, That's, They're, Teva Brender, Brender, Jonathan Chen, Greg Corrado, isn't, Adam Rogers Organizations: University of California, UC San Diego, Pew Research Center, Harvard, Google, Stanford University School of Medicine, Food and Drug Administration, Healthcare Locations: San Diego, San Francisco

☆ The big cybersecurity risks when ChatGPT and AI are secretly used by employees
▼ + stars: | 2023-04-30 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

Soaring investment from big tech companies in artificial intelligence and chatbots — amid massive layoffs and a growth decline — has left many chief information security officers in a whirlwind. But not every company has its own GPT, so companies need to monitor how workers use this technology. PCs were similar, so we're seeing the equivalent now with generative AI." "If you're a corporation, you don't want your employees prompting a publicly available chatbot with confidential information," Chui said. Protection of confidential information, regulation of where the information gets stored, and guidelines for how employees can use the software — all are standard procedure when companies license software, AI or not.

☆ A.I. could serve as the next major catalyst for these cybersecurity stocks. Here’s why
▼ + stars: | 2023-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

While a major headache for customers and businesses alike, the emergence of sophisticated AI attacks could serve as a major boon for cloud companies operating in the cybersecurity space. For many years, cybersecurity cloud companies have harnessed AI and machine learning to stop attacks, monitor suspicious activity and protect businesses. .IXIC YTD mountain Nasdaq Composite so far this year As investors dip back into the technology sector, cybersecurity stocks across have risen across the board, with the First Trust NASDAQ Cybersecurity ETF (CIBR) up about 7.5% this year. Cybersecurity providers CrowdStrike and Palo Alto Networks are up 25.6% and 38.5%, respectively, year to date. "The basket of cloud and cybersecurity stocks offers something for everyone," Eyal said.

☆ OpenAI has become synonymous with the generative AI boom, but it has a weakness that its competitors are already starting to exploit
▼ + stars: | 2023-04-06 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

But while OpenAI became synonymous with AI, its competition hasn't sat still. Other AI model makers see a growing opportunity in the concerns around OpenAI, and want to pounce on the opportunity. Amazon, not one to miss a promotional activity, then directed its programmers to use its own AI model called CodeWhisperer. OpenAI's determination to dominate the field meant it created a more general AI model that others could add on. However, it also leaves an opening in the market for more specific AI models that organizations in sensitive industries will flock to.

☆ UK spy agency says AI chatbots like ChatGPT pose a security threat
▼ + stars: | 2023-03-15 | by ( Sawdah Bhaimiya | Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A unit of the British spy agency GCHQ warned AI chatbots like ChatGPT pose a security threat. Companies like Amazon and JPMorgan have advised staff members against using ChatGPT for work. The authors pointed out that queries entered into chatbots are stored by their providers. They added: "Queries stored online may be hacked, leaked, or more likely accidentally made publicly accessible. Major companies including Amazon and JPMorgan have advised employees not to use ChatGPT over concerns that internal information may be leaked.

☆ AI Tech Like ChaptGPT, Bing, Bard Is a Bigger Threat Than Social Media
▼ + stars: | 2023-03-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +13 min

Nowadays, the promise of social media as a unifying force for good has all but collapsed, and Zuckerberg is slashing thousands of jobs after his company's rocky pivot to the metaverse. Much like social media in 2012, the AI industry is standing on the precipice of immense change. And as Altman and his cohort charge ahead, AI could fundamentally reshape our economy and lives even more than social media. If social media helped expose the worst impulses of humanity on a mass scale, generative AI could be a turbocharger that accelerates the spread of our faults. Social media amplified society's issues, as Wooldridge puts it.

☆ 'Prompt engineering' is one of the hottest jobs in generative AI. Here's how it works.
▼ + stars: | 2023-03-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Knowing how to talk to chatbots may get you hired as a prompt engineer for generative AI. Prompt engineers are experts in asking AI chatbots — which run on large language models — questions that can produce desired responses. Unlike traditional computer engineers who code, prompt engineers write prose to test AI systems for quirks; experts in generative AI told The Washington Post that this is required to develop and improve human-machine interaction models. Prompt engineering may not be 'the job of the future'Some academics question how effective prompt engineers really are in testing AI. Companies in a variety of industries are hiring prompt engineersThat isn't stopping companies across industries from hiring prompt engineers.

☆ ChatGPT is for suckers
▼ + stars: | 2023-02-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Chatbots are bullshit engines built to say things with incontrovertible certainty and a complete lack of expertise. What is it that makes human beings trust a machine we know is untrustworthy? After millennia of debate, the world's leading philosophers, psychologists, and neuroscientists haven't even agreed on a mechanism for why people come to believe things, or what beliefs even are. We want Google results to be true, because we think of Google as a trusted arbiter, if not an authority. The power of storyAnother possible explanation of why we're suckers for chatbots is that we're suckers for explanation.

☆ Chatbots are gaining traction
▼ + stars: | 2017-05-11 | by ( Laurie Beaver | ) www.businessinsider.com time to read: +5 min

Chatbots are gaining popularity globally, according to a new survey by LivePerson. BI IntelligenceOnly 11% of those surveyed globally reported a negative perception of chatbots, while the remaining 51% had neutral stances. Chatbots used for productivity purposes — such as scheduling — ranked lowest, as only 14% of those surveyed did so in the past year. The report also forecasts the potential annual savings that businesses could realize if chatbots replace some of their customer service and sales reps. Forecasts the potential impact chatbots could have for businesses.

Persons: Chatbots, chatbots, Laurie Beaver Organizations: Intelligence, Business, BI, US, HP, CNN, Insider Intelligence, Google Locations: France, Japan

☆ 80% of businesses want chatbots by 2020
▼ + stars: | 2016-12-14 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +5 min

Businesses are beginning to see the benefits of using chatbots for their consumer-facing products, according to a survey by Oracle. And 48% said that they already use automation technology for these business functions, with 40% planning to implement some form of automated technology by 2020. Twenty-nine percent of customer service positions in the US could be automated through chatbots and other tech, according to Public Tableau. Foreseeing immense potential, businesses are starting to invest heavily in the burgeoning bot economy. The report also forecasts the potential annual savings that businesses could realize if chatbots replace some of their customer service and sales reps.

Persons: Laurie Beaver Organizations: Intelligence, Oracle, HP, CNN, Insider Intelligence, Business, Google Locations: France, Netherlands, South Africa

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