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☆ It's showtime for Apple, and we're expecting news on its AI plans and a big partnership
▼ + stars: | 2024-06-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're giving a preview of what to expect at Apple's annual event . The big storyApple's AI unveilingApple CEO Tim Cook at the Worldwide Developers Conference in 2023. Josh Edelson/AFP Getty ImagesApple kicks off its big event today from a unique spot: behind. AdvertisementBut when CEO Tim Cook takes the stage for his keynote address this afternoon, it'll be about catching up with Apple's fellow Big Tech peers. It wouldn't be the first time Apple announced a deal with a fellow tech company that has massive implications , writes BI's Hasan Chowdhury.

Persons: —, Larry Connor, Tim Cook, Josh Edelson, Insider's Jordan Hart, BI's Hasan Chowdhury, Monica Schipper, Nordin Catic, Tyler Le, Sam Altman, OpenAI, Apple, Satya Nadella, Altman, Alyssa Powell, Chelsea Jia Feng, Andrii Sedykh, Javier Zayas, Abanti Chowdhury, They're, Gen, isn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, showtime, Apple, Worldwide, Developers, Big Tech, Google, Microsoft, Getty, Getty Images, Taiwan Semiconductor Manufacturing Company, Amazon Locations: India, Mexico, Burazin, New York, London

☆ Apple Intelligence on your iPhone probably requires an upgrade
▼ + stars: | 2024-06-10 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Apple finally dove headfirst into artificial intelligence on Monday with its announcement of Apple Intelligence. Apple's website says Apple Intelligence, the company's take on generative AI, is supported on devices that run the M1 chip, such as the iPad Air, iPad Pro and Macs. However, it will only support the 2023 iPhone 15 Pro Max and iPhone 15 Pro, not the regular iPhone 15. The company announced $45.96 billion in iPhone revenue during the second quarter, down nearly 10% from the year-ago quarter. Apple Intelligence will let you do all sorts of things when it launches in beta this fall.

Persons: Siri Organizations: Apple, Apple Intelligence, Max

☆ Elon Musk threatens to ban iPhones and MacBooks at his companies after Apple announces OpenAI partnership
▼ + stars: | 2024-06-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Elon Musk slammed Apple's new OpenAI partnership, threatening to ban Apple devices at his companies. He said visitors will have to check their Apple devices and they will be stored in a Faraday cage. Apple assures privacy protections, while Musk claims Apple can't ensure user security if integrating OpenAI's technology. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Apple announced at its Worldwide Developer's Conference on Monday that it will be integrating its new AI software, called Apple Intelligence, across the iPhone, iPad, and Mac.

Persons: Elon Musk, —, Elon, Apple —, Siri, Apple Organizations: Service, Apple, Worldwide, Conference, Apple Intelligence, Mac, OpenAI, Business

☆ Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership
▼ + stars: | 2024-06-10 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on Monday after the iPhone maker announced a partnership with OpenAI. In a series of posts on his social media platform X, Musk shared concerns about whether Apple and OpenAI will protect users' information. He specifically said that Apple devices would be banned if the company "integrates OpenAI at the OS level," referring to Apple's operating system. Musk replied directly to a post from Apple CEO Tim Cook and claimed he will ban Apple devices from his companies' premises unless Cook decides to "stop this creepy spyware." He added that his companies' visitors will be asked to check their Apple devices at the door.

Persons: Elon Musk, The Beverly Hilton, Musk, Apple, Siri, ChatGPT, Tim Cook, Cook, He's, Sam Altman, OpenAI, Altman, didn't, —, Steve Kovach, Lora Kolodny, Tesla Organizations: SpaceX, Tesla, The Beverly, OpenAI, Apple, CNBC, Company Locations: Beverly Hills , California, U.S

☆ OpenAI seems to be hiring undercover security guards at its office and it's creeping out local business owners
▼ + stars: | 2024-06-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewOpenAI's office in San Francisco is crawling with undercover security guards who don't take kindly to questions, locals say. Photographers for The San Francisco Standard, an online local news outlet, said they recently noticed what looked like undercover security guards standing outside the company's office. OpenAI first moved into its 59,000-square-foot office in San Francisco's Mission District in July 2023. Iain Langlands, a cashier at a pet store just one block from the office, told the Standard that the "vibe" surrounding the OpenAI office is "secretive." California's Bureau of Security and Investigative Services — which issues security guard licenses — did not immediately return Business a request for comment from Business Insider.

Persons: —, Candace Combs, Combs, OpenAI, Iain Langlands, James Organizations: Service, The San Francisco, Business, San Francisco's Mission, Health Ceramics, California's, of Security, Services Locations: San Francisco, San Francisco's

☆ A researcher fired by OpenAI published a 165-page essay on what to expect from AI in the next decade. We asked GPT-4 to summarize it.
▼ + stars: | 2024-06-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Fired researcher Leopold Aschenbrenner published a 165-page essay on the future of AI. 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 . That is, until earlier this week, when Leopold Aschenbrenner, a researcher fired from OpenAI in April, published his thoughts on the AI revolution in an epic 165-page treatise. This story is available exclusively to Business Insider subscribers.

Persons: Leopold Aschenbrenner, —, haven't Organizations: Service, Business Locations: OpenAI

☆ I'm a 20-year-old college dropout who founded an AI company. Generative AI has broken down the barriers.
▼ + stars: | 2024-06-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Read previewThis is an as-told-to conversation with Molly Cantillon, a Stanford dropout and founder of NOX, a personalized AI assistant. NOX, the personal AI assistant I built, was created to fill that void. I'm building NOX to help people like me stay saneI initially built NOX as a hardware solution in June 2023. In some sense, I'm building NOX to help people like me stay sane. Some might say we're a group of college dropout nobodies gunning after a crown jewel: A personalized AI assistant.

Persons: —, Molly Cantillon, hadn't, It'll, Reilly Opelka, Aayush, nobodies gunning, It's, We're Organizations: Service, Stanford, Business, Tennis Locations: Palo Alto

☆ Microsoft says AI feature that captures screenshots on new PCs will be off by default after backlash
▼ + stars: | 2024-06-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft CEO Satya Nadella speaks at an event on Microsoft's campus in Redmond, Washington, on May 20, 2024. Microsoft said an artificial intelligence feature on new PCs that captures screenshots and enables searching of user activity will be off by default after security researchers determined that attackers could access the underlying data. The Recall feature was one of the main capabilities Microsoft showed during a press briefing last month for forthcoming Copilot+ PCs with AI computing power onboard. Microsoft has already added the Copilot conversational chatbot into Windows in a way that resembles OpenAI's popular ChatGPT. Microsoft is adding security protections to Recall in addition to requiring people to manually turn it on once Copilot+ PCs become available on June 18.

Persons: Satya Nadella, Davuluri, Kevin Beaumont Organizations: Microsoft, Windows Locations: Redmond , Washington, U.S

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

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ 'Going up against them is insane.' Brave startups are trying to usurp Nvidia's AI throne.
▼ + stars: | 2024-06-06 | by ( Alistair Barr | ) www.businessinsider.com time to read: +9 min

You could have invested a lot of money in AI chip startups several years ago. "Us going up against them is insane," said Thomas Sohmers, CEO of Positron AI, a chip startup that emerged from stealth a few months ago. "The model of AI chip startups needing to raise 10s to 100s of millions of dollars before they actually test product market fit is insane," he added. TigrisOpenAI's Altman may also be working on an AI chip startup of his own. So it stands to reason that Masa has been trying to raise money for an AI chip startup.

Persons: —, Graphcore, Thomas Sohmers, Nvidia Thomas Sohmers, Sohmers, Groq, Googlers, Puneet Kumar, Mark Hayter, Rivos, Andrew de los Reyes, Gavin Uberti, Chris Zhu, Nvidia's, OpenAI's Sam Altman, OpenAI's Altman, Altman, Masa, Softbank, Son Organizations: Service, Microsoft, Samsung, Business, Nvidia, MediaNews, Boston Herald, Getty, MIT, Google, Chrome, Matrix Capital, Intel, Harvard, Bloomberg News, Bloomberg Locations: Silicon Valley, Swiss, Groq, GroqWare, WeWork

☆ Alphabet's new CFO was in the middle of the GLP-1 boom. Now she's onto generative AI
▼ + stars: | 2024-06-06 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

Alphabet announced on Wednesday that Eli Lilly Chief Financial Officer Anat Ashkenazi will be its new CFO after an almost year-long search. Shares of Eli Lilly have soared 90% in the past year and are trading at a record. When she joined Eli Lilly in 2001, she came in through the company's new venture capital division, which was co-founded by her then-spouse Ron Laufer. Fastest growth in decadesFounded in 1876, Eli Lilly has long been one of the major U.S. pharmaceutical companies. But the last couple years have marked a period of historic growth for Eli Lilly due to the exploding popularity of GLP-1s.

Persons: Anat Ashkenazi, Eli Lilly Eli Lilly Alphabet's, Ruth Porat, Eli Lilly, Ashkenazi, it's, Eli Lilly's, David Ricks, Morgan Stanley, Sundar Pichai, Hollie Adams, Ron Laufer, John Smiley, Eli, It's, Trump, Eli Lilly's Covid, we're, Askhenazi, OpenAI's, Larry Page, Sergey Brin, CNBC's Eric Rosenbaum, Toby Lyles Organizations: San, San Francisco Bay Area, Google, Economic, Bloomberg, Getty, CNBC, Tel Aviv University, Hebrew University, U.S . Food, Drug, U.S . Department of Justice, FDA, Reuters, Employees, NBC Locations: U.S, Indiana, San Francisco Bay, Davos, Switzerland, Israel, biopharma, North Carolina, Germany, New Jersey

☆ We're on track for a soft economic landing, but it still feels like the economy stinks
▼ + stars: | 2024-06-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the US economy is on track (again) for a soft economic landing . The big storyAnother economic turnaroundGetty Images; Chelsea Jia Feng/BIIt took longer than expected, but the US economy is finally on track for a soft landing. After a scary few months of economic data that had investors fearing a recession and stagflation, the tides have turned again. AdvertisementRecent data showing inflation and the labor market cooling have given hope that a soft landing is in the cards — and may even be underway — for the US economy, writes Business Insider's Madison Hoff. AdvertisementThe US economy is about to make a soft landing — a situation in which inflation cools without causing a recession or sudden spike in unemployment.

Persons: —, Chelsea Jia Feng, Insider's Madison Hoff, Arantza Pena Popo, bummed, it's, aren't, Johannes Eisele, Monica Schipper, Nordin Catic, Tyler Le Tim Cook, Cook, Jack Dorsey, Dorsey, Abanti Chowdhury, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, shoplifters, Business, Fed, Johannes, Getty, OpenAI, Apple, BI, Street Journal, Comcast, New York Stock Exchange Locations: AFP, New York, London

☆ He quit OpenAI, branding it reckless. He hopes outside pressure can now force change.
▼ + stars: | 2024-06-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Read previewA former OpenAI employee who quit in February spoke out about what led him to quit, and later sign a letter calling for change at AI companies. William Saunders told Business Insider that concerns he raised while working at OpenAI were "not adequately addressed." This story is available exclusively to Business Insider subscribers. Advertisement'Egregiously insufficient'According to Aschenbrenner, OpenAI told employees that he was fired over sharing a document containing safety ideas with external researchers. AdvertisementOpenAI didn't respond to a request for comment from Business Insider.

Persons: —, William Saunders, Saunders, they're, Leopold Aschenbrenner, OpenAI's, podcaster Dwarkesh Patel, Aschenbrenner, OpenAI, he'd, Sam Altman, Altman Organizations: Service, Business Locations: OpenAI

OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft , OpenAI and Nvidia , examining the powerful companies' influence on the artificial intelligence industry, a source familiar confirmed to CNBC. The FTC will take the lead on looking into Microsoft and OpenAI, while the DOJ will focus on Nvidia, and the investigations will focus on the companies' conduct, rather than mergers and acquisitions, according to the source. The news also follows the FTC's January decision to conduct an extensive study on AI industry heavyweights, including Amazon , Alphabet , Microsoft, Anthropic and OpenAI. Microsoft and OpenAI did not immediately respond to requests for comment.

Persons: Sam Altman, Kevin Scott, Anthropic, Claude chatbots, that's, Lina Khan, Khan, OpenAI, — CNBC's Eamon Javers Organizations: Microsoft Chief Technology, Artificial, Microsoft, Federal Trade Commission, Justice Department, Nvidia, CNBC, FTC, DOJ, New York Times, Google, Meta Locations: Redmond , Washington

☆ I dropped out of Stanford to build an AI assistant. Generative AI helps my new company compete with the major players.
▼ + stars: | 2024-06-06 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Persons: —, Molly Cantillon, hadn't, It'll, Reilly Opelka, Aayush, nobodies gunning, It's, We're Organizations: Service, Stanford, Business, Tennis Locations: Palo Alto, heynox.com

☆ An unchecked AI could usher in a new dark age
▼ + stars: | 2024-06-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

One legal expert even warned that AI could potentially usher in a new, modern-day "dark age," or a period of societal decline if the relatively new industry of AI goes largely unregulated. AdvertisementAI regulation, Pasquale said, could prevent many of the problems that could pave the way for this so-called new dark age dynamic. US intellectual property laws related to copyright infringement and state-level publicity rights are among the main legal frameworks being used to potentially regulate AI in the country. That includes how social media affects youth's mental health and the propagation of disinformation and misinformation, he said. AdvertisementHe noted that the ability to regulate social media today exists, but that it's not clear what the effective legal solutions are for the societal problems that have arisen.

Persons: —, Frank Pasquale, OpenAI, Pasquale, Mark Bartholomew, Bartholomew, Harry Surden, We've, Surden Organizations: Service, Business, Cornell Tech, Cornell Law School, Microsoft, University, Buffalo, University of Colorado Law School, Stanford, CodeX, Legal Informatics Locations: United States

☆ OpenAI is facing controversy. Again.
▼ + stars: | 2024-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the latest controversy to embroil OpenAI amid a difficult few months for the startup . Their takeaway was simple: OpenAI wants to have it both ways regarding how it's perceived about safety and commercialization. It's structured as a "capped-profit" company governed by a nonprofit, and Altman doesn't hold equity directly in OpenAI. The result, the VC told me, is people feel OpenAI is talking out of both sides of its mouth. It doesn't help that some OpenAI employees joined when that split was closer to 80/20 and favored safety over business, they added.

Persons: —, we've, OpenAI Justin Sullivan, Chelsea Jia Feng, Anthropic signees, Scarlett Johansson, Elon, Madeline Berg, Sam Altman, Altman, Justin Sullivan, OpenAI, It's, Patrick McMullan, Jenny Chang, Rodriguez, Izzy Englander's, Griffin's, Marko Kolanovic, ANDREW CABALLERO, REYNOLDS, youngs, Mark Zuckerberg, Elon Musk, Keith Enright, Alyssa Powell, They've, Shopify, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, Business, Google, Millennium Management, Getty Images, Facebook, CNBC, BI, SpaceX Locations: OpenAI, Patrick, It's, Tesla, New York, London

☆ Sam Altman's OpenAI is paying publishers big money for content. That could be a lifeline — or blow up in their faces.
▼ + stars: | 2024-06-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

You've heard this one before: A big tech company is offering a lifeline to distressed media companies. That's the argument against a slew of deals publishers have been making with Sam Altman's OpenAI over the past few months. But the OpenAI deals, the publishers emphasize, are straightforward licensing deals for stuff they're already making. AdvertisementWhich means — they say — at the end of these deals, publishers won't have to regret investing in another defunct Big Tech project. But the thing I'm most worried about as someone who makes words for a living isn't a replay of the old Facebook/Apple/Google deals publishers now regret.

Persons: You've, It's, Sam Altman's OpenAI, Axel Springer, Rupert, Barry Diller's Dotdash Meredith, Laurene Powell, haven't, OpenAI, it's, Jessica Lessin, Lucy, Charlie Brown, —, Let's, Bob Iger, ChatGPT, that's Organizations: Service, Vox Media, Rupert Murdoch's News Corp, Laurene Powell Jobs, Atlantic Media, Apple, Google, Facebook, The New York Times, Big Tech, New York Times, Microsoft, Netflix, ABC, Disney

☆ Ex-OpenAI employee speaks out about why he was fired: 'I ruffled some feathers'
▼ + stars: | 2024-06-05 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewA former OpenAI researcher opened up about how he "ruffled some feathers" by writing and sharing some documents related to safety at the company, and was eventually fired. Leopold Aschenbrenner, who graduated from Columbia University at 19, according to his LinkedIn, worked on OpenAI's superalignment team before he was reportedly "fired for leaking" in April. The AI researcher previously shared the memo with others at OpenAI, "who mostly said it was helpful," he added. Related storiesHR later gave him a warning about the memo, Aschenbrenner said, telling him that it was "racist" and "unconstructive" to worry about China Communist Party espionage. He said he wrote the document a couple of months after the superalignment team was announced, which referenced a four-year planning horizon.

Persons: —, Leopold Aschenbrenner, OpenAI's, podcaster Dwarkesh Patel, Aschenbrenner, OpenAI, Sam, Sam Altman Organizations: Service, Columbia University, Business, China Communist Party Locations: OpenAI

☆ Silicon Valley's battle over AI risks is escalating fast
▼ + stars: | 2024-06-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Read previewThere's a battle in Silicon Valley over AI risks and safety — and it's escalating fast. This story is available exclusively to Business Insider subscribers. Right to WarnWhile the concerns around AI safety are nothing new, they're increasingly being amplified by those within AI companies. OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours. A spokesperson previously reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee.

Persons: —, OpenAI, Bengio, Geoffrey Hinton, Stuart Russell, Jacob Hilton, Hilton, Sam Altman, Helen Toner, Altman, Russell, Daniel Kokotajlo, Kokotajlo Organizations: Service, Google, Business Locations: Silicon Valley, OpenAI

☆ Qualcomm-backed firm launches latest AI chips — posing a challenge to giants like Nvidia
▼ + stars: | 2024-06-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

However, many of the companies wishing to use generative AI functions and apps today rely on giants like Microsoft and Amazon through their cloud businesses. These so-called "hyperscalers" are buying huge amounts of chips from companies like Nvidia to train up these massive AI models in data centers running complex servers. Kneron is betting that businesses will not always want to rely on these cloud giants for their AI needs. Kneron's launch comes just days after both Nvidia and AMD launched their latest AI chips, with both appearing to ramp up the pace of launches. The products from Nvidia and AMD are aimed at huge data centers from tech giants that can train up massive AI models.

Persons: Albert Liu, Liu, Kneron Organizations: Qualcomm, Nvidia, AMD, Microsoft, CNBC, Intel Locations: U.S

☆ Nvidia hits $3 trillion market cap on back of AI boom
▼ + stars: | 2024-06-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Nvidia also passed Apple to become the second-largest public company behind Microsoft. Apple was the first U.S. company to reach a $3 trillion market cap during intraday trading in January 2022. Nvidia, which was founded in 1993, passed the $2 trillion valuation in February, and it only took roughly three months from there for it to pass $3 trillion. In May, Nvidia reported first-quarter earnings that showed demand for the company's pricey and powerful graphics processing units, or GPUs, showed no sign of a slowdown. Nvidia reported overall sales of $26 billion, more than triple what it generated a year ago.

Organizations: Nvidia, Apple, Microsoft, Google, Meta Locations: U.S

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ It's all unraveling at OpenAI (again)
▼ + stars: | 2024-06-04 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

In a statement to Business Insider, an OpenAI spokesperson reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee. Safety second (or third)A common theme of the complaints is that, at OpenAI, safety isn't first — growth and profits are. (In a responding op-ed, current OpenAI board members Bret Taylor and Larry Summers defended Altman and the company's safety standards.) "I have been disagreeing with OpenAI leadership about the company's core priorities for quite some time, until we finally reached a breaking point." (Altman and OpenAI said he recused himself from these deals.)

Persons: —, Sam Altman, Daniel Kokotajlo, OpenAI, Altman, Helen Toner, Tasha McCauley, Toner, McCauley, Bret Taylor, Larry Summers, Kokotajlo, Jan Leike, Ilya Sutskever, Leike, Stuart Russell, NDAs, Scarlett Johansson, lawyered, Johansson, " Johansson, I've, Sam Altman — Organizations: Service, New York Times, Business, Times, Twitter, Microsoft, The New York Times, BI, Street, OpenAI, OpenAI's, Apple Locations: OpenAI, Russian, Reddit

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