DIRS.INFO The most relevant business & tech news

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Cinemark, Nvidia, Meta, Berkshire Hathaway & more
▼ + stars: | 2023-08-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating after Apple's quarterly 10-Q report. Morgan Stanley upgrades Laureate to overweight from equal weight Morgan Stanley said the education company is a beneficiary of nearshoring. Morgan Stanley reiterates Palo Alto Networks as overweight Morgan Stanley said the company has a "differentiated" and "disruptive" platform. " UBS reiterates Berkshire Hathaway as buy UBS said it's standing by its buy rating on shares of Berkshire after its earnings report Saturday. Morgan Stanley reiterates Cinemark as overweight Morgan Stanley said it's standing by its overweight rating on Cinemark as the success of "Barbie" and "Oppenheimer" has "squashed" the theatrical bear case.

Persons: Morgan Stanley, Apple, DA Davidson, Andy Jassy, Wells, Holley, it's, Raymond James, Charles Schwab, Schwab, EchoStar, Guggenheim, Berkshire Hathaway, Cinemark, Oppenheimer, Truist, Piper Sandler, Piper, MNST, Wright Organizations: UBS, Meta, Facebook, Bank of America, Nvidia, U.S ., Networks, Alto Networks, United Airlines, Berkshire, Comcast, CNBC, Monster Beverage Locations: WhatsApp, nearshoring, United, Berkshire, NBCUniversal

☆ AI could power the US economy as investment in the sector is poised to hit $200 billion by 2025, a Goldman Sachs says
▼ + stars: | 2023-08-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

AI investments could account for up to 4% of the US economy by 2025, Goldman Sachs estimated. That's because AI investing is poised to hit $100 billion in the US and $200 billion globally by then. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The bank's economists predicted AI-related investments could hit $100 billion in the US by 2025, while global AI-related investments hit $200 billion that same year. Goldman Sachs has remained bullish on artificial intelligence, despite fears from other Wall Street analysts that AI could be fueling a bubble in the stock market.

Persons: Goldman Sachs, Russell Organizations: Service, Wall Street, . Investment Locations: Wall, Silicon

☆ Op-ed: Gottlieb says A.I. may take on doctors' roles sooner than later
▼ + stars: | 2023-07-31 | by ( Scott Gottlieb | ) www.cnbc.com time to read: +7 min

The AI tools being applied to healthcare can generally be divided into two main categories. The first encompass large language models that are applied to administrative functions like processing medical claims or creating and analyzing medical records. In fact, up to 30 percent of radiology practices have already adopted AI tools. Right now, there are only a few clinical language models, and even the largest ones possess a relatively small number of parameters. As the quality and scope of clinical data available for training these large language models continue to grow, so will their capabilities.

Persons: Scott Gottlieb, ChatGPT, Amazon's, retinopathy, IBM's, Watson, they're, William J Organizations: CNBC, Pfizer, Aetion Inc, Cruise Line Holdings, Harvard, FDA, Oncology, Google, Healthcare

☆ Leaked email shows Amazon formed a new group to work on the 'most ambitious' AI models
▼ + stars: | 2023-07-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy promoted Rohit Prasad, SVP and head scientist for Alexa, to his direct report. Prasad is now running a newly created AI team at Amazon. Jassy told Amazon's S-team, a group of over two dozen top executives, that he promoted Rohit Prasad, SVP and head scientist for Alexa, as his direct report. In this role, Prasad will lead a newly created group working on the company's "most ambitious" large language models, according to an internal email obtained by Insider. As part of its AI effort, Amazon recently created a new team under AWS focused on helping customers use generative AI, as Insider previously reported.

Persons: Andy Jassy, Rohit Prasad, Prasad, Jassy, Amazon's, Rohit, we've, didn't, Meta's, Dave Limp's, Limp, Daniel Rausch, Eugene Kim Organizations: Amazon, Google, Microsoft, AWS, Alexa

☆ Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google
▼ + stars: | 2023-07-26 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes/File PhotoJuly 26 (Reuters) - Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence, an executive told Reuters. "Our mission is to make every company an AI company," said Sivasubramanian, in an interview pegged to a summit the cloud provider hosted in New York. Amazon Bedrock is the company's answer to services announced by Google and Microsoft, cloud rivals that have developed or marketed AI garnering significant public attention. Microsoft has invested in OpenAI, the startup that created ChatGPT and the AI model known as GPT-4. The cloud provider announced Agents for Amazon Bedrock, which lets businesses create chatbots that execute tasks and give more personalized answers drawing from their proprietary data.

Persons: Gonzalo Fuentes, Swami Sivasubramanian, Sivasubramanian, Jeffrey Dastin, Stephen Nellis, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, Microsoft, Google, Reuters, Sony, Ryanair, Sun, Thomson Locations: Porte, Paris, France, New York, OpenAI, Silicon

☆ AI is kicking off a new kind of tech hiring boom — but only in certain cities
▼ + stars: | 2023-07-26 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new wave of generative AI jobs could follow the same pattern, per a Brookings Institution report. Nearly half of the new US generative AI job postings in May came from one of six metro areas. In May, 25% of new generative AI job postings — which contained terms like "ChatGPT" or "generative AI" — were posted in the Bay Area (San Francisco and San Jose). In the below chart, "early adopters" refers to the 13 aforementioned metros, excluding the Bay Area metros. Brookings' Muro said that he expects many generative AI jobs to be in-person some or all of the time.

Persons: ChatGPT, —, Santa Barbara, Mark Muro, Muro, Sam Altman, Brookings Organizations: Brookings Institution, Service, Bay Area, —, Google Locations: Wall, Silicon, Lightcast, Bay, San Francisco, San Jose, New York City, Los Angeles, Boston, Seattle, Washington, DC, San Diego, Austin, Raleigh, Boulder, Lincoln, Santa Cruz, Santa Maria, Santa, Santa Fe, Brookings, — San Francisco

☆ Meet the contrarian VC: Why Mayfield's Navin Chaddha is writing more checks than ever before while other investors pull back
▼ + stars: | 2023-07-26 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

The longtime VC firm just announced a new $250 million seed fund focused on AI. In tough economic times, the firm's leader, Navin Chaddha, believes it's a prime time to invest. That has essentially been Navin Chaddha's mantra since he took over the reins at venture-capital stalwart Mayfield Fund in 2009. With a dedicated $250 million AI seed war chest, Mayfield is now prepared to lean in even more. "We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies," Chaddha said in a press release.

Persons: Mayfield, Navin Chaddha, it's, Navin, that's, Chaddha, – who's, Forbes, –, Vijay Reddy, Reddy Organizations: VC, Mayfield Fund, Mayfield, Tiger, Insight Partners, Clear Ventures, Intel Capital, Wing Venture Locations: Bessemer, Sequoia

☆ Here are Wednesday's biggest analyst calls: Microsoft, Amazon, Apple, Netflix, Spotify, Meta & more
▼ + stars: | 2023-07-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's bullish on the e-commerce giant's earnings next week. Morgan Stanley downgrades RTX to equal weight from overweight Morgan Stanley said in its downgrade of the stock that risk/reward seems "balanced" right now. Morgan Stanley upgrades WW International to overweight from equal weight Morgan Stanley said shares of the company formerly known as Weight Watchers are underappreciated. Citi reiterates Meta as a top pick Citi said Meta is a top pick heading into earnings on Wednesday afternoon. Morgan Stanley reiterates General Motors as overweight Morgan Stanley said the stock's weak reaction to Tuesday's GM earnings report is a "headscratcher."

Persons: Morgan Stanley, it's bullish, it's, Raymond James downgrades, Raymond James, Morgan Stanley downgrades RTX, Needham, NFLX, Citi, Eli Lilly, Elliot, Burger, Disney, TD Cowen, bitcoin, GOOGL Organizations: Deutsche Bank, Spotify, Deutsche, Barclays, Apple, Target, Bank of America, NXP Semiconductors, International, Netflix, Citi, Goodyear Tire Deutsche, Elliot Management, Goodyear, Elliott Management, Operational, Restaurant Brands Citi, Microsoft, Hollywood, Meta, JPMorgan, United Airline, AFL, DAL, Motors, UAW Locations: 1Q23

Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.

Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru

☆ White House secures voluntary pledges from Microsoft, Google to ensure A.I. tools are secure
▼ + stars: | 2023-07-21 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

President Joe Biden speaks as he meets with AI experts and researchers at the Fairmont Hotel in San Francisco, June 20, 2023. The seven companies each agreed Friday to a set of voluntary commitments in developing AI technology. Top tech companies and investors are pumping billions of dollars into the large language models behind so-called generative AI. The latest commitments are part of an effort by President Biden to ensure AI is developed with appropriate safeguards, while not hindering innovation. Vice President Kamala Harris previously hosted AI CEOs and labor and civil liberties experts to weigh in on the challenges that come with AI.

Persons: Joe Biden, Biden, Adam Selipsky, Dario Amodei, Kent Walker, Mustafa Suleyman, Nick Clegg, Brad Smith, Greg Brockman, it's, Kamala Harris Organizations: Google, Microsoft, White, Web, CNBC, YouTube Locations: San Francisco, coders, India

[1/2] A man types into a keyboard during the Def Con hacker convention in Las Vegas, Nevada, U.S. on July 29, 2017. In an interview this week, Canadian Centre for Cyber Security Head Sami Khoury said that his agency had seen AI being used "in phishing emails, or crafting emails in a more focused way, in malicious code (and) in misinformation and disinformation." The same month, Britain's National Cyber Security Centre said in a blog post that there was a risk that criminals "might use LLMs to help with cyber attacks beyond their current capabilities." The LLM responded with a three paragraph email asking its target for help with an urgent invoice. Reporting by Raphael Satter in Washington; editing by Chris Sanders and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Steve Marcus WASHINGTON, Sami Khoury, Khoury, cybercriminals, Europol, ChatGPT, Raphael Satter, Chris Sanders, Josie Kao Organizations: Def Con, REUTERS, Reuters, cybercriminals, Centre for Cyber Security, European, Cyber Security, Thomson Locations: Las Vegas , Nevada, U.S, Washington

☆ Gen Z workers at a medical company are automating tedious jobs and dramatically boosting productivity, exec says
▼ + stars: | 2023-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Some Gen Z workers are making AI work for them. A director at VEM Medical told the BBC that Gen Z workers were boosting productivity with AI. Derrick Hathaway said young workers were automating tedious jobs and optimizing workflows. Some Gen Z workers are capitalizing on the rise of generative AI. Derrick Hathaway, sales director at VEM Medical, told the BBC that Gen Z workers were giving the medical device maker a welcome productivity boost by using AI-powered tools.

Persons: Derrick Hathaway, Companies haven't, Gen Zers Organizations: VEM Medical, BBC, VEM, Companies, Employees

☆ Apple is reportedly developing 'Apple GPT.' It's likely ChatGPT's next big competitor.
▼ + stars: | 2023-07-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple is reportedly working on new artificial-intelligence tools, Bloomberg first reported. Some people at the company are dubbing the new chatbot "Apple GPT," Bloomberg said. Apple has finished working on a foundation for its large language models — the systems that power conversational AI tech — that it calls "Ajax," Bloomberg reported. It will affect every product and every service that we have," Apple CEO Cook said during a February earnings call. So far, Apple has integrated AI into features like "fall detection" found on some Apple Watch Models, and "crash detection" on specific Apple Devices — tools Cook has said are keeping people safe.

Persons: Bloomberg, OpenAI's, Google's Bard, Tim Cook, Cook, people's, Michael Gartenberg, Apple, Siri, laggard, Gartenberg Organizations: Apple, Bloomberg, Morning, Ajax, Google, Microsoft, Investors

☆ Microsoft adds $154 billion in market value after it announces $30 per month AI subscription
▼ + stars: | 2023-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock surged as much as 6% on Tuesday after the company unveiled an AI subscription for its Office 365 platform. The software giant will charge $30 per month per user to have AI capabilities integrated into its Microsoft Office platform. At its peak on Tuesday, Microsoft added $154 billion to its market value, which is bigger than Morgan Stanley. Investors cheered the move and the company's apparent pricing power, with Microsoft stock adding as much as $154 billion to its market valuation at its peak on Tuesday. Microsoft stock hit a record high of $366.78 in Tuesday trades and was on track to close at its highest level ever.

Persons: Morgan Stanley, Yusuf Mehdi, Dan Ives, Ives Organizations: Microsoft, Service, Intel, Honeywell, Bing Locations: Wall, Silicon, Copilot, OpenAI

☆ A top AI expert says most outsourced coders in India will be out of a job in 2 years thanks to the technology
▼ + stars: | 2023-07-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Stability AI CEO Emad Mostaque thinks AI will eliminate most outsourced coding jobs in India. AI will soon eliminate most outsourced coding jobs in India as the technology will drastically reduce the need for them, according to a leading AI expert. Tech jobs are one of the professions most likely to be replaced by AI, Insider's Aaron Mok and Jacob Zinkula previously reported. GitHub's CEO Thomas Dohnke told Computer Weekly last year that AI could help developers be more productive. Additionally, workers with AI skills stand to gain as the tech industry is placing a greater focus on talent in this area, Insider's Thomas Maxwell reported.

Persons: Emad Mostaque, you'll, Mostaque —, Insider's Aaron Mok, Jacob Zinkula, Thomas Dohnke, Insider's Thomas Maxwell Organizations: Morning, UBS, CNBC, Bloomberg, Computer Locations: India, France

☆ Here are Tuesday's biggest analyst calls: Apple, Alphabet, Pinterest, Netflix, Amazon, Nvidia & more
▼ + stars: | 2023-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "

Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex

☆ 'Red-hot upside': This global high-growth tech fund's stock could rise by 180%, says Berenberg
▼ + stars: | 2023-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of Molten Ventures, a venture capital fund focused on technology, could rise by more than 180%, according to Berenberg. Berenberg said Molten is currently trading at a 67% discount to its last-reported net asset value (NAV). This should, in turn, result in a substantial increase in Molten's share price. Aujla's note said that most of this decrease occurred in the first half of the year when the gross portfolio value (GPV) declined by 17% due to falling valuations. However, the analyst pointed out that Molten's investment strategy should provide protection against significant portfolio value decreases.

Persons: Draper Espirit, Berenberg, Kurran, Goodbody's Gerry Nennigan, Peel Hunt Organizations: Molten Ventures, British, Nasdaq, Numis Securities Locations: Berenberg . London, U.S

☆ Elon Musk says people can trust his new AI company more than OpenAI and Google
▼ + stars: | 2023-07-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk says his new AI company will rigorously pursue the truth. In a Twitter Spaces, the billionaire called it dangerous to train AI to be politically correct. He said his own company, xAI, would allow AI models to be truthful. Elon Musk wants you to know you can trust his new AI company. The Tesla CEO launched his much-anticipated AI play last week, a company called xAI, which seeks to "understand the true nature of the universe."

Persons: Elon Musk, Musk Organizations: Google

☆ UN warns that implanting unregulated AI chips in your brain because could threaten your mental privacy
▼ + stars: | 2023-07-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

The United Nations is warning about "potentially harmful" advances in neurotechnology. Some tech could allow AI to compromise a person's mental privacy, UNESCO officials said. "It's like putting neurotech on steroids," Mariagrazia Squicciarini, an economist from the United Nations Educational, Scientific and Cultural Organization, told the AFP. I didn't like it at all," Galvin, who eventually had the device removed, told UNESCO. It could threaten our rights to human dignity, freedom of thought and privacy," UNESCO director-general Audrey Azoulay said in June, when she proposed a "common ethical framework at the international level."

Persons: Gabriela Ramos, Ramos, Antonio Guterres, Hannah Galvin, Galvin, " Galvin, Squicciarini, Audrey Azoulay Organizations: UNESCO, UN, Morning, United Nations, Agence France, United Nations Educational, Cultural Organization, AFP Locations: neurotechnology

☆ Earnings playbook: Netflix and Tesla are set to report this week as reporting season ramps up
▼ + stars: | 2023-07-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

Tuesday Bank of America is set to report earnings before the bell, followed by a call at 8:30 a.m. Morgan Stanley is set to report earnings in the premarket, with a conference call slated for 9:30 a.m. Wednesday Goldman Sachs is set to report earnings before the market opens, followed by a call at 9:30 a.m. Tesla is set to report earnings after the close, with a call slated for 5:30 p.m. What history shows: Netflix earnings have exceeded earnings expectations in seven of the last 10 quarters, FactSet data shows.

Persons: Wells, Keith Horowitz, Morgan Stanley, Morgan Stanley's, BofA's Ebrahim Poonawala, Morgan, Goldman Sachs, Marcus, Goldman, UAL, Leslie Josephs, Scott Kirby's, Tesla, Toni Sacconaghi, NFLX, AAL Organizations: Tesla, Netflix, United Airlines, JPMorgan Chase, Citigroup, JPMorgan, Tuesday Bank of America, Refinitiv, CNBC, Bank of America, Citi, Goldman, IBM, Thursday, Airlines, Northeast U.S, JetBlue, Northeast Alliance Locations: America, Wells Fargo, Newark, Northeast

☆ I'm an AI software engineer and I predict that most AI startups being funded today will die
▼ + stars: | 2023-07-14 | by ( Julie Bort | ) www.businessinsider.com time to read: +8 min

An AI engineer says most people don't understand what AI can really do and what it can't, yet. Those working in AI understand when startup claims are realistic and when they're mostly hype. Generative AI is just way, way overhyped right now and that means that many of the AI startups getting VC funding today are going to fail. Today's AI can't really do what so many startups say their apps can do because AI can't reliably predict things. So, how can you tell if an AI startup's technology will work or if it and the company will likely fail?

Persons: OpenAI, I've Organizations: salespeople, Amazon, Costco, Walmart Locations: San Francisco, Seattle , New York

☆ U.S. companies are on a hiring spree for A.I. jobs—and they pay an average of $146,000
▼ + stars: | 2023-07-13 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

There were 7.6 million open jobs in the U.S. in June, according to the Adzuna database, with a growing share calling for AI skills: 169,045 jobs in the U.S. cited AI needs, and 3,575 called for generative AI work in particular. The average tax manager job that'll use AI pays $100,445 a year, according to Adzuna data. AI jobs have been around for decades but exploded in recent months as ChatGPT entered the scene in late 2022. Companies like EY explicitly listed AI as one of their top three hiring priorities, while Wells Fargo and Kaiser Permanente are implementing it across their workflows. Those interested in building their generative AI skills can look into certification and training courses online, from the University of Michigan, Coursera and other e-learning platforms.

Persons: James Neave, Adzuna's, ChatGPT, Jay Shankar, Neave, Kelly Evans Organizations: Companies, Kaiser Permanente, Amazon Web Services, CNBC, University of Michigan, Stanford, MIT Locations: U.S, Wells Fargo, India

☆ Ground vehicles are the new frontier in Ukraine's drone war
▼ + stars: | 2023-07-13 | by ( Max Hunder | ) www.reuters.com time to read: +5 min

[1/5] Yevhen Hnatok, 22, former Ukrainian serviceman, shows an unmanned ground vehicle, with his patches, in workshop, amid Russia's attack on Ukraine, in Kyiv region, Ukraine, July 5, 2023. Among the Ukrainian engineers working in the sector is 22-year-old Yevhen Hnatok, who said he had already supplied several dozen remote-controlled ground vehicles for the armed forces. As more experimental technologies are introduced onto the battlefield, small-scale engineers like Hnatok are hoping to influence the war's outcome with Unmanned Ground Vehicles (UGVs) that carry weapons and explosives or conduct reconnaissance. The impact of combat UGVs from both sides has been extremely limited so far, according to Samuel Bendett, senior fellow at the Center for a New American Security. Hnatok said he does not profit from his vehicles, but asks his military buyers to cover production costs.

Persons: Hnatok, Alina Smutko, Samuel Bendett, Ukraine that's, Max Hunder, Mike Collett, White, Alex Richardson Organizations: REUTERS, Reuters, Vehicles, Center, New, New American Security, Thomson Locations: Ukrainian, Ukraine, Kyiv region, Russia, KYIV, Russian, New American, Kyiv, Moscow

☆ China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

[1/3] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. New rules Chinese firms have to comply with range from algorithm vetting to accepting security reviews of data they want to export. They definitely stifle the innovation and slow down the ability of Chinese firms to catch up." A key motivation behind China's reluctance to release AI chatbots is that Beijing fears uncensored chatbots may start influencing societal views in potentially subversive directions, said Mark Natkin, managing director of research firm Marbridge Consulting. "While the U.S. is racing ahead with AI, China is hitting the brakes with more rules."

Persons: Aly, HONG KONG, OpenAI's ChatGPT, Henry Gao, Ernie Bot, Robin Li, Shi, Mark Natkin, Heatherm Huang, Bard, Microsoft's Bing, Xi Jinping, Baidu, Josh Ye, Brenda Goh, Jamie Freed Organizations: Artificial Intelligence, REUTERS, China, Baidu, HK, Ant Group, Western, Singapore Management University, Microsoft, SenseChat, Nomura, Marbridge Consulting, Huawei Technologies, Thomson Locations: Shanghai, China, HONG, Beijing, Alibaba, Tencent, Hong Kong, U.S

☆ Analysis: China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

Search resuls for: "Ted AI"

25 mentions found