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☆ New AI deepfake porn bill would require big tech to police and remove images
▼ + stars: | 2024-06-18 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

WASHINGTON — Lawmakers on Capitol Hill are scrambling to address the boom in deepfake AI pornographic images, which have targeted everyone from celebrities to high school students. Now, a new bill will seek to hold social media companies accountable for policing and removing deepfake porn images published on their sites. The measure would criminalize publishing or threatening to publish deepfake porn. Additionally, the sites would also have to make a reasonable effort to remove any other copies of the images, including ones shared in private groups. They will be joined in the Capitol by victims of deepfake porn, including high school students.

Persons: WASHINGTON —, Sen, Ted Cruz, Taylor Swift, Alexandria Ocasio Organizations: WASHINGTON, WASHINGTON — Lawmakers, Capitol, CNBC, Federal Trade Commission, Rep Locations: Texas, Alexandria, Cortez

☆ TikTok is getting into the murky business of AI-generated influencer ads
▼ + stars: | 2024-06-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTikTok is rolling out a tool that will allow brands to use AI-generated avatars of real people in ads on the platform. In a demonstration in the announcement post, the company showcased a reel of AI-generated avatars built from apparent TikTok creators who explain why they'll benefit from an AI tool that uses their likenesses. "If this is something that caught on, I'd be very scared for the future of my business," micro influencer Kristen Bousquet told Business Insider in May. TikTok isn't the only Big Tech platform experimenting with AI-generated avatars.

Persons: —, SelfMade, Kristen Bousquet, TikTok, creatives —, Meta, Tom Brady, Kendall Jenner, YouTuber Organizations: Service, Business, NBA, Big Tech, Facebook, Microsoft, Apple

☆ At this comedy show, tech workers are the butt of every joke
▼ + stars: | 2024-06-17 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.

Persons: —, She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness

☆ Insider Today: Meta's manager squeeze
▼ + stars: | 2024-06-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Apple announced Apple Intelligence at WWDC 2024. CEO Tim Cook unveiled Apple Intelligence, a generative AI system partly powered by ChatGPT (for now). Assuming Apple Intelligence works as intended, there will be even more reason to switch to or stay with Apple. Add it all together, and, as Linette Lopez writes, Apple may be the one Big Tech company getting AI right.

Persons: —, there's, Jimmy Donaldson, Justin Sullivan, Apple, Tim Cook, Katie Notopoulos, OpenAI, Linette Lopez, Alyssa Powell, Fitch, it's, Abercrombie, Mark Zuckerberg, Michel Shvo Patrick McMullan, Chelsea Jia Feng, Michael Shvo, Shvo, he's, Grace J, Kim, Gen Zers, There's, isn't, Z Organizations: Service, Business, Apple, Apple Intelligence, Google, Microsoft, Big Tech, Getty, Abercrombie, Fitch, GameStop Locations: cologne, New York City

☆ Apple Is the First Giant Tech Company to Make Useful AI Products
▼ + stars: | 2024-06-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.

Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York

☆ If Google is doubling down on risky AI features, experts say it needs to be clear about what can go wrong
▼ + stars: | 2024-06-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

AdvertisementGoogle notes that "Generative AI is experimental" in AI Overviews. Google is far from the only company figuring out the risks of generative AI products. Microsoft also said on Thursday that it would hold off on launching an AI tool intended to be available when its CoPilot PCs ship after privacy concerns arose. The alternative is to be more gradual about releasing features and not place them at the center if they're not fully ready, he said. But while generative AI isn't fully bulletproof at the moment, it's important to balance timing with innovation and accuracy, Yamin said.

Persons: —, Liz Reid, Reid, they're, Gaingels Lorenzo Thione, Thione, Tim Cook, Copyleaks Alon Yamin, Yamin Organizations: Service, Big Tech, Google, Business, CNBC, Apple Intelligence, Microsoft

☆ I rejected a job at Google — but then got laid off by Amazon. I don't regret my decisions.
▼ + stars: | 2024-06-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementFlood of supportIt was obviously disappointing and really shocking — I'd been excited about the Coinbase job. AdvertisementAlthough I had another offer on the table, I accepted the Amazon job. It felt like a safer choice because it was a Big Tech company — and I already knew the team. I was interested in entrepreneurship after having experienced big tech and trying out these jobs inspired me to start building my own venture. My immediate reaction for several months was disillusion with the with Big Tech, but now I feel positive about my experiences.

Persons: —, Matan Gans, cryptocurrency, they'd, Slack, I'd, I've Organizations: Service, Brown University, Google, Business, Amazon Web Services, Big Tech, LinkedIn, Amazon Locations: Coinbase, Boston, California, Seattle, East, West Coast, Providence , Rhode Island, East Coast ., Amazon

☆ These 3 utilities stocks are set to benefit the most from the AI boom as demand for electricity surges, according to a $47 billion firm
▼ + stars: | 2024-06-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

AI and data centers are driving up electricity usage in the US after a decade of flat demand. As a result, the utilities sector is performing strongly, especially independent power producers. IPP stocks like NRG, CEG, and VST will benefit the most from AI, says one portfolio manager. Investors are pouring into utilities stocks as data centers drive outsized demand for electricity. This is big news for the US utilities sector, which has experienced essentially flat demand growth over the last decade.

Persons: — Organizations: Service, Nvidia, Goldman Sachs Research, Business

☆ In the AI arms race, Big Tech keeps shooting itself in the foot and having to roll back flashy releases
▼ + stars: | 2024-06-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Microsoft has scaled back its Recall AI feature for Copilot+ PCs. Google and Adobe have also rolled back some of their big AI releases following backlash. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn its race to do more with AI, Big Tech has been moving fast — and then rolling back big moves. On Thursday, Microsoft said it will withdraw an AI tool from its new line of computers called Copilot+ PCs.

Persons: — Organizations: Microsoft, Google, Adobe, Service, Big Tech, Windows, Business

☆ Here’s how to invest in stocks when interest rates are higher for longer
▼ + stars: | 2024-06-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

How should traders invest in a higher-for-longer rate environment? Before the Bell: What do higher-for-longer rates mean for the stock market? What I find interesting and actually kind of invigorating is the resilience of the US economy in the face of these expected higher-for-longer rates. There will be some sectors that higher-for-longer rates will impact. And so we can see consumer durables slowing down or suffering a little bit in this higher-for-longer rate environment.

Persons: Price, Bell, Wylie Tollette, we’ve, We’ve, Jeanne Sahadi, isn’t, —, ”, “, ” Read, iPhones Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Consumer, Franklin Templeton Investment Solutions, Big Tech, Energy, Gallup, Global, “, Apple, Microsoft, Nvidia Locations: New York, “ State, United States

☆ How to invest in India, the world's fastest-growing major economy
▼ + stars: | 2024-06-13 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +10 min

India has been dubbed the "perfect" emerging market to invest in, but it can be tricky for those outside the country to gain access. India's stock market has been making headlines this year, and for good reason. "India remains one of the best-performing equity markets this year, underpinned by the world's fastest-growing major economy and a resilient macro backdrop," said James Thom, senior investment director Asian equities at Abrdn, in a note to clients. Some of the top ETFs in North America include the Columbia India Consumer ETF , the First Trust India NIFTY 50 Equal Weight ETF and the BMO MSCI India ESG Leaders Index ETF . In Europe, the list includes the iShares MSCI India UCITS ETF , which provides exposure to around 85% of the stock market, and the Xtrackers MSCI India Swap UCITS ETF Capitalisation 1C .

Persons: Krishnamurthy Subramanian, Narendra Modi's, Kevin T, Carter, Goldman Sachs, James Thom, aren't, GDRs, Arjun Jayaraman, there's, Jayaraman, Abrdn's Thom, Surendra Goyal, Thom, EMQQ Global's Carter, Modi's, it's, Jonathan Pines, — CNBC's Ganesh Rao, Tuul, Bruno Morandi Organizations: CNBC Pro, IMF, Bharatiya Janata Party, EMQQ, CNBC, Wealthmills Securities, Global, Causeway, Mutual, Columbia India Consumer ETF, First Trust India, BMO, India, Nasdaq, Investors, Nokia, Bank of America, Citi, Edge, Reliance Industries, U.S ., Bank of India, Network18, Bank, Getty Locations: India, China, North America, Europe, Singapore, U.S, Indian, Chhatrapati Shivaji Terminus, Mumbai

☆ JPMorgan's Lori Beer just added 2 new tech leaders to her ranks. Meet the team behind the bank's AI future.
▼ + stars: | 2024-06-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Shivananda held the same position at PayPal and will report to Lori Beer, JPMorgan's global chief information officer. AdvertisementIn April, Manoj Sindhwani was tapped to be the chief information officer of the Chief Data and Analytics Office. The new additions to Beer's leadership table are a sign that America's biggest bank is placing key executives who will play a crucial role in JPMorgan's AI future. A key piece to the AI puzzle is the Data and Analytics organization, formed last June and led by Teresa Heitsenrether, JPMorgan's firmwide chief data and analytics officer. Business Insider mapped out key tech executives at JPMorgan who report to Beer and help her lead the bank's massive tech org.

Persons: —, Andrew Lang, who's, Shivananda, Lori Beer, Manoj Sindhwani, Sindhwani, Jamie Dimon, JPM, Dimon, Teresa Heitsenrether, JPMorgan's, Beer Organizations: Service, JPMorgan, Sri, Business, PayPal, Analytics, Amazon, Amazon Alexa Locations: Sri Shivananda

☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Big Tech’s A.I. Takeover and the Slow Death of Silicon Valley Innovation - The New York Times
▼ + stars: | 2024-06-13 | by ( Mark Lemley | Matt Wansley | ) www.nytimes.com time to read: +1 min

Silicon Valley prides itself on disruption: Start-ups develop new technologies, upend existing markets and overtake incumbents. OpenAI, founded as a nonprofit and counterweight to Google’s dominance, has raised $13 billion from Microsoft. Anthropic, a start-up founded by OpenAI engineers who grew wary of Microsoft’s influence, has raised $4 billion from Amazon and $2 billion from Google. Last week, the news broke that the Federal Trade Commission was investigating Microsoft’s dealings with Inflection AI, a start-up founded by DeepMind engineers who used to work for Google. start-ups and Big Tech give the start-ups the enormous sums of cash and hard-to-source chips they want.

Persons: OpenAI, DeepMind, — Organizations: Google, Microsoft, Amazon, Federal Trade Commission, A.I, Big Tech

☆ From banks to beauty: Fund manager says AI is giving these companies 'phenomenal' uplift
▼ + stars: | 2024-06-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Liontrust Asset Management's Clare Pleydell-Bouverie is looking beyond the headline-makers, however, to other companies set to gain from AI adoption. She said AI is set to remove "a lot of waste out of people's jobs," and bring about a "phenomenal productivity uplift." 'Higher customer conversion' Pleydell-Bouverie also said consumer-facing companies like French beauty and cosmetics label L'Oreal stand to gain from the adoption of AI. "They've pioneered beauty tech as an industry," she said, adding that the company's generative AI beauty assistant system has a 60% higher customer conversion than in-store advisors. The analysts have an average price of $450.25 on L'Oreal, giving it slightly downside potential.

Persons: Clare Pleydell, CNBC's, Bouverie, They've Organizations: Big Tech, Amazon, Nvidia, Meta, Microsoft, Liontrust Global Technology Fund, Technology, JPMorgan Chase, JPMorgan, L'Oreal, Euronext Locations: Euronext Paris, U.S

☆ Why Pope Francis thinks the Church should play a part in G7 debate on AI
▼ + stars: | 2024-06-12 | by ( Christopher Lamb | ) edition.cnn.com time to read: +7 min

This week, the pope is due to make an historic intervention in the debate around AI at the G7 summit in southern Italy’s Puglia region. AI, the pope believes, can make the world a better place only if it serves the “common good” and does not increase inequalities. European Union lawmakers have already passed a law regulating AI, while a bipartisan group of US senators have set out plans for AI regulation that could lead to federal legislation. “AI and emerging technologies are on Pope Francis’ radar screen,” Larrey, now a professor of philsophy at Boston College, told CNN. It’s clear that Francis sees AI as part of what he called the “epochal change” taking place at the beginning of the 21st century.

Persons: Pope Francis, Francis, Joe Biden, ”, “, Paolo Benanti, Benanti, ” Benanti, Vincenzo Paglia, Giorgia, Francis ’, Father Antonio Spadaro, Philip Larrey, Larrey, Pope Francis ’ Organizations: CNN, Catholic, Pontifical Academy for Life, Microsoft, IBM, Cisco Systems, United Nations, Food, Agriculture Organization, Union, Philosophy Department, Pontifical Lateran University, Boston College Locations: Italy’s Puglia, ” Italy, Puglia “, Puglia, Rome, Nevada

☆ Abortion Groups Say Tech Companies Suppress Posts and Accounts
▼ + stars: | 2024-06-11 | by ( Emily Schmall | Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok has briefly suspended the account of Hey Jane, a prominent telemedicine abortion service, four times without explanation. The groups and women’s health advocates say these examples, all from recent months, show why they are increasingly confused and frustrated by how major technology platforms moderate posts about abortion services. They say the companies’ policies on abortion-related content, including advertisements, have long been opaque. And when the platforms do restrict the accounts, the companies can be difficult to contact to learn why. Susan B. Anthony Pro-Life America, an organization dedicated to abolishing abortion, said big technology companies had routinely limited its and other groups’ pro-life speech, suspending accounts and blocking ads with little explanation.

Persons: TikTok, Hey Jane, Instagram, Bing, Susan B, Anthony Pro Organizations: America

☆ Tuesday, June 11, 2024: Cramer weighs in on this mega caps moves after its big tech event
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, June 11, 2024: Cramer weighs in on this mega caps moves after its big tech eventJim and Jeff discuss the aftermath of this mega-cap tech event. They also talk about the increase in the share of this pharmaceutical stock. Finally, they discuss why they like this industrial stock.

Persons: Cramer, Jim, Jeff

☆ These consumer stocks have strong momentum on their side, Wolfe Research says
▼ + stars: | 2024-06-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The dominant e-commerce platform has a momentum score, measuring 12-month and one-month relative strength, of 53%, and its earnings estimates have risen 17% since the end of March. Footwear maker Deckers also made the cut, with a 73% momentum score and a 6% swing in upward earnings revisions. Sports betting stock DraftKings also appeared on the Wolfe screen, with a 73% momentum score and a 270% increase in earnings estimates since the end of March. The majority of analysts polled by LSEG have a buy rating with a price target suggesting shares can surge more than 38%. But he called those worries "overdone" while pointing to earnings upside as a catalyst for shares to continue rallying.

Persons: Chris Senyek, Russell, Joseph Civello, Wolfe, Morgan Stanley's Stephen Grambling Organizations: Wolfe Research, Wolfe, LSEG, Amazon, Truist Securities, Sports, Grambling Locations: California, Illinois

☆ Why AI deals in healthcare have grown faster than other areas of tech — and what VCs are paying close attention to
▼ + stars: | 2024-06-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience." SVB projects funding to AI healthcare companies to total $11.1 billion in 2024. While healthcare AI startups might have it better, they're not out of the woods. Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB. AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.

Persons: —, Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev Organizations: Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies Locations: Cohere, Abridge, SVB .

☆ Apple's iPad calculator looks freaking awesome
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

The new OS18 also brings a calculator app to the iPad — a feature the device never had. The app looks a lot like the iconic orange and white calculator users have long seen on the iPhone. Math Notes will automatically be accessible in the preexisting Notes app. New calculator feature revealed at Apple WWDC 2024. Apple's calculator seems less impressive than OpenAI's GPT-4o, which can look at a math problem and verbally talk the user through the solution step-by-step.

Persons: —, iPads, Apple, Gene Munster Organizations: Service, Conference, Apple Intelligence, Business, Apple, Big Tech, Deepwater Asset Management

☆ Seeking nominations for the top VCs backing the creator economy in 2024
▼ + stars: | 2024-06-11 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +1 min

Business Insider is compiling its fifth annual list of VCs funding startups in the creator economy. We want to hear from you about who the standout VCs are in 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Like traditional media companies, creator startups often rely on Big Tech platforms like Google and Facebook to make money — a volatile position to hold. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Big Tech, Facebook, Business

☆ Key takeaways from Apple's WWDC
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey takeaways from Apple's WWDCWealth Enhancement's Ayako Yoshioka, CIC Wealth's Malcolm Ethridge, and Big Tech's Alex Kantrowitz join 'Closing Bell' to discuss their takeaways from Apple's WWDC event.

Persons: Yoshioka, Malcolm Ethridge, Big, Alex Kantrowitz Locations: Apple's

☆ Beyond the Magnificent 7: Morgan Stanley fund manager says diversify with these 2 stocks
▼ + stars: | 2024-06-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

But this heavy focus on just a few stocks has led one portfolio manager to urge investors to diversify, naming two stocks he thinks look particularly attractive. Dunn, who also holds the title of co-head of value equity at Morgan Stanley, said other stocks offered investors "a lot of opportunity," naming two he likes. Thermo Fisher Scientific Healthcare services and biotechnology company Thermo Fisher is another favorite for Dunn, who sees it as an industry leader and "supermarket of tools and analytics." "We think [Thermo Fisher is] really ready to sort of benefit from this as the year progresses." Shares in Thermo Fisher are up around 9.5% year-to-date and 12.8% in the last 12 months.

Persons: Nvidia, Aaron Dunn, CNBC's, Dunn, Morgan Stanley, They've, BJ's Organizations: Big Tech, Apple, Meta, Microsoft, Tesla, Morgan, Value, Costco Wholesale, Walmart, Sam's, Fisher Scientific Healthcare, . Value Locations: Morgan Stanley's, U.S, Fisher

☆ Watch CNBC’s full interview with Wealth Enhancement's Ayako Yoshioka, CIC Wealth's Malcolm Ethridge and Big Tech's Alex Kantrowitz
▼ + stars: | 2024-06-10 | 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 EmailWatch CNBC’s full interview with Wealth Enhancement's Ayako Yoshioka, CIC Wealth's Malcolm Ethridge and Big Tech's Alex KantrowitzWealth Enhancement's Ayako Yoshioka, CIC Wealth's Malcolm Ethridge, and Big Tech's Alex Kantrowitz join 'Closing Bell' to discuss their takeaways from Apple's WWDC event.

Persons: Yoshioka, Malcolm Ethridge, Alex Kantrowitz, Big Locations: Apple's

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