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In today's big story, we're looking at the reshuffling of top executives at two of the biggest US banks . Viswas Raghavan, JPMorgan's top dealmaker, has joined Citi as its head of banking and executive vice chair, reporting directly to CEO Jane Fraser. The move is a big deal, but even more shocking since Raghavan was just promoted to be the sole head of JPMorgan's deals business. Since high interest rates aren't stopping stocks from reaching record highs, cuts might not come at all this year , according to analyst Jim Bianco. Market vet Ed Yardeni said interest rates are actually in a sweet spot for stocks, similar to the late '90s.
Persons: Viswas Raghavan, Jane Fraser, Raghavan, Filippo Gori, Doug Petno, Insider's Reed Alexander, Patrick T, Fallon, Fraser, Merrill Lynch, Andy Sieg, Warren Buffett, Warren, Berkshire Hathaway's, Jim Bianco, Ed Yardeni, Gemini, Demis Hassabis, Long, Alyssa Powell, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Citi, JPMorgan, Warren, Warren Buffett REUTERS, Chip, Berkshire, Buffett, Research, Wall, BI, Google, eBay Locations: Bronx, Gori, Rivian, New York, London
Elon Musk is going to war with Google
  + stars: | 2024-02-27 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +5 min
Elon Musk has been heavily criticising Google over the past week. Since the launch of Google's Gemini image generator, he's shared and replied to more than 100 posts about the company. Sharing a screenshot of one of Krawczyk's posts, Musk wrote : "This nut is a big part of why Google's AI is so racist & sexist." To give Musk some credit, Google's AI also appeared to be hard on him personally. After taking a similar issue with OpenAI's ChatGPT, Musk founded his own AI company and released Grok, a competing chatbot.
Persons: Elon Musk, , Elon, he's, Demis Hassabis, Musk, Jack Krawczyk, Gemini, Joseph Stalin, Adolf Hitler, Grok, OpenAI's, ChatGPT's Organizations: Google, Service, Big Tech, Gmail, Republicans, Krawczyk, BI, V1.5
AdvertisementOne of the foremost figures in AI thinks prescription drugs designed by AI could reach clinical testing in a few years. Google DeepMind CEO Demis Hassabis discussed his prediction on an episode of The New York Times podcast "Hard Fork" released Friday. "I think we are very close," Hassabis said when asked about whether AI was close to being capable of helping cure a major disease like Alzheimer's or a cancer. "I would say we're a couple of years away from having the first truly AI-designed drugs for a major disease, cardiovascular, cancer." This story is available exclusively to Business Insider subscribers.
Persons: Demis Hassabis, Hassabis Organizations: Google, The New York Times, Business
Google DeepMind CEO Demis Hassabis addressed the Gemini debacle at Mobile World Conference. He said the company hopes to have the image generator online again in a "couple of weeks." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle DeepMind CEO Demis Hassabis said the company hopes to relaunch its artificial intelligence image generator as soon as the next "couple of weeks." Google paused access to its image generator last week after users found that the tool would produce historically inaccurate images, including racially diverse images of the US Founding Fathers and Nazis.
Persons: Demis Hassabis, Organizations: Google, Mobile World Conference, Service, Business
Google introduced the image generator earlier this month through Gemini, the company's main suite of AI models. "We are hoping to have that back online very shortly in the next couple of weeks, few weeks." "The Gemini debacle showed how AI ethics *wasn't* being applied with the nuanced expertise necessary," Margaret Mitchell, chief ethics scientist at Hugging Face and former co-leader of Google's AI ethics group, wrote on X. On Sunday, a text-based user query went viral, asking the Gemini chatbot whether Adolf Hitler or Elon Musk's tweeting of memes had a greater negative impact on society. WATCH: Google's Gemini chatbot is 'evolutionary not revolutionary'
Persons: Demis Hassabis, Hassabis, Bard, OpenAI's, Gemini, Margaret Mitchell, Sundar Pichai, Pichai, Adolf Hitler, Elon Musk's, Elon Musk, Elon, Hitler, Sissie Hsiao Organizations: Google, Gemini, Mobile, Microsoft Locations: Barcelona, German, British, France, ChatGPT
Apple | Spotify | Amazon | YouTube Listen and follow ‘Hard Fork’This week’s episode is a conversation with Demis Hassabis, the head of Google’s artificial intelligence division. We talk about Google’s latest A.I. models, Gemini and Gemma; the existential risks of artificial intelligence; his timelines for artificial general intelligence; and what he thinks the world will look like post-A.G.I. Additional listening and reading:
Persons: Demis Hassabis, Gemma Organizations: Apple, Spotify, YouTube
In Gemini 1.5, improvements to the new tech are leaps and bounds above what the original Gemini can do. Gemini 1.5 Pro's context window capacity, however, can handle up to 1 million tokens. Gemini 1.5 is also getting better at generating good responses from super-long queries, without a user needing to spend much additional time fine-tuning their queries. Google says that in rolling out Gemini 1.5, it underwent extensive ethics and safety testing to greenlight it for wider release. The tech company has conducted research on AI safety risks and has developed techniques to mitigate potential harm.
Persons: , Sundar Pichai, Demis Hassabis, OpenAI's, Febrary, MoE Organizations: Service, Google, Gemini
Elon Musk once told DeepMind's Demis Hassabis about his plans to colonize Mars, per NYT. But Musk was left dumbfounded after Hassabis said that AI might destroy his colonies on Mars. Hassabis told Musk that the plan would work if artificial intelligence didn't make the trip to Mars. According to Hassabis, AI being in the mix would lead to the human colony's destruction, too. In March, Musk told a Tesla shareholder during the company's investor day that he was "a little worried about AI stuff."
Persons: Elon Musk, DeepMind's, Musk, Hassabis, , Demis Hassabis, he'd, Peter Thiel —, OpenAI's, DeepMind Organizations: Service, Elon, The New York Times, The Times, SpaceX, Google, Musk, Business Insider Locations: Mars, DeepMind
The New York Times list of "who's who" in AI has been slammed for featuring zero women. "Godmother of AI" Fei-Fei Li criticized the list, writing, "It's not about me, but all of us in AI." AdvertisementThe New York Times' profile of "who's who" in AI, published Sunday, has drawn criticism for featuring zero women. "You literally erased all the heavy hitting women of AI and but included people who are more 'influencers,'" wrote Daneshjou. AdvertisementThe New York Times did not immediately respond to a request for comment from Business Insider, sent outside regular business hours.
Persons: Fei, Fei Li, , Kara Swisher, Li, It’s, recup, asha, Dane, Wale, ari, Hass, Hoff, lon Musk Organizations: New York Times, Service, ust, ctu, rit, emi Locations: usk
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBefore DeepMind's Demis Hassabis became a leading figure in AI, he was a chess master who had won multiple world championships. Hassabis told Thiel that the best chess players understood the unique strengths of the bishop and the knight, even though both pieces hold the same value. It was not only DeepMind's first significant investment but also one of Thiel's first investments outside the Silicon Valley orbit. He felt the power of Silicon Valley was sort of mythical, that you couldn't create a successful big technology company anywhere else.
Persons: , Demis Hassabis, Hassabis, Peter Thiel, Thiel, Shane Legg, Mustafa Suleyman, he'd, It's, DeepMind Organizations: Service, DeepMind, The New York Times, Times, Google, Business Locations: West Coast, Silicon, London
Larry Page and Elon Musk argued about AI at Musk's 44th birthday party in 2015. AdvertisementTesla CEO Elon Musk and Google cofounder Larry Page disagree so severely about the dangers of AI it apparently ended their friendship. At Musk's 44th birthday celebration in 2015, Page accused Musk of being a "specieist" who preferred humans over future digital life forms, according to The New York Times . Isaacson wrote that Musk said to Page at the time, "Well, yes, I am pro-human, I fucking like humanity, dude." "The future of AI should not be controlled by Larry," Musk told Hassabis, according to Isaacson's book.
Persons: Larry Page, Elon Musk, Page, Musk, , Musk's, Talulah Riley, Walter Isaacson, Isaacson, Demis Hassabis, Larry, Sam Altman Organizations: Service, The New York Times, New York Times, Times, Google Locations: British, Napa Valley
Nvidia CEO Jensen Huang said AGI will be reached in five years during the 2023 NYT DealBook Summit. Huang defined AGI as tech that exhibits basic intelligence "fairly competitive" to a normal human. Still, he admitted that AI technology is not quite there yet despite its rapid progress. AdvertisementJensen Huang, the CEO of Nvidia — one of the companies that is fueling the AI revolution — predicts that we may be able to see artificial general intelligence, or AGI, within the next five years. "Software can't be written without AI, chips can't be designed without AI, nothing's possible," he concluded on the point of AI's potential.
Persons: Jensen Huang, Huang, , Andrew Ross Sorkin, Ross Sorkin, Sorkin, Ilya Sutskever, Ian Hogarth, John Carmack, Demis Hassabis, Nvidia didn't Organizations: Nvidia, Service, New York Times DealBook, AIs, OpenAI
Elon Musk says he wants to rebuild his friendship with Google cofounder Larry Page. Page reportedly once called Musk a speciesist in a discussion about humanity and AI safeguards. We were friends for a very long time," Musk said of Page on Lex Fridman's podcast. AdvertisementAdvertisementElon Musk wants to be on good terms with Larry Page again after the two fought over AI safeguards. AdvertisementAdvertisement"The future of AI should not be controlled by Larry," Musk told Hassabis, according to the biography.
Persons: Elon Musk, Larry Page, Page, Musk, Lex Fridman's, , Larry, Walter Isaacson's, DeepMind, Demis Hassabis, Tucker Carlson, OpenAI, Sam Altman Organizations: Service, Google Locations: DeepMind
An AI godfather says we should all be worried about the concentration of power in the AI sector. Bengio said the control of powerful AI systems was a central question for democracy. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe concentration of power in the AI arena is one of the main risks facing the industry, an AI godfather says. Regulation, at least in its current form, will not be the boost for big tech companies that some industry experts have suggested it could be, he added.
Persons: Yoshua Bengio, Bengio, , Yoshua, I've, Yann LeCun, OpenAI's Sam Altman, LeCun, Anthropic's Dario Amodei, Benigo Organizations: Service Locations: Canadian, ChatGPT
Many are shrugging off the supposed existential risks of AI, labeling them a distraction. They argue big tech companies are using the fears to protect their own interests. The timing of the pushback, ahead of the UK's AI safety summit and following Biden's recent executive order on AI, is also significant. More experts are warning that governments' preoccupation with the existential risks of AI is taking priority over the more immediate threats. Merve Hickok, the president of the Center for AI and Digital Policy, raised similar concerns about the UK AI safety summit's emphasis on existential risk.
Persons: , You've, there's, Yann LeCun, Altman, Hassabis, LeCun, LeCun's, OpenAI's Sam Altman, Anthropic's Dario Amodei, Andrew Ng, hasn't, Anthropic, Aidan Gomez, Merve Hickok, Hickok, Rishi Sunak, Michelle Donelan Organizations: Service, Google, CNBC, Stanford University, Australian Financial, Guardian, Center, AI
Here's who's goingMajor names in the technology and political world will be there. They range from Tesla CEO Elon Musk, whose private jet landed in the U.K. late Tuesday, to U.S. Vice President Kamala Harris. What the summit seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The summit is squarely focused on so-called "frontier AI" models — in other words, the advanced large language models, or LLMs, like those developed by companies such as OpenAI, Anthropic, and Cohere. Loss of control risks refer to a situation in which the AI that humans create could be turned against them.
Persons: Elon Musk, Mandel Ngan, Rishi Sunak's, ChatGPT, Here's who's, Kamala Harris, Musk, Elon, Brad Smith, Demis, Yann LeCun, Global Affairs Nick Clegg, Adam Selipsky, Sam Altman, Dario, Jensen Huang, Rene Haas, Dario Gil Darktrace, Poppy Gustaffson Databricks, Ali Ghodsi, Marc Benioff, Cheun Kyung, Alex Karp, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, Will Organizations: Senate, Intelligence, U.S, Capitol, Washington , D.C, Afp, Getty, Bletchley, Microsoft, Tesla, CNBC, Global Affairs, Web, Rene Haas IBM, Marc Benioff Samsung, Technology, South, Sony, Joe Biden Canadian Locations: U.S, Washington ,, China, U.K, South Korean, Chesnot
Andrew Ng, formerly of Google Brain, said Big Tech is exaggerating the risk of AI wiping out humans. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementSome of the biggest figures in artificial intelligence are publicly arguing whether AI is really an extinction risk, after AI scientist Andrew Ng said such claims were a cynical play by Big Tech. Andew Ng , a cofounder of Google Brain, suggested to The Australian Financial Review that Big Tech was seeking to inflate fears around AI for its own benefit. — Geoffrey Hinton (@geoffreyhinton) October 31, 2023Meta's chief AI scientist Yann LeCun , also known as an AI godfather for his work with Hinton, sided with Ng.
Persons: Andrew Ng, OpenAI's Sam Altman, , Andew Ng, Ng, It's, Elon Musk, Sam Altman, DeepMind, Demis Hassabis, Googler Geoffrey Hinton, Yoshua, godfathers, — Geoffrey Hinton, Yann LeCun, Hinton, LeCun, Meredith Whittaker, Whittaker Organizations: Google, Big Tech, AI's, Service, Australian Financial Locations: Hinton, British, Canadian, @geoffreyhinton
LONDON, Oct 31 (Reuters) - Britain will host the world's first global artificial intelligence (AI) safety summit this week to examine the risks of the fast-growing technology and kickstart an international dialogue on regulation of it. The aim of the summit is to start a global conversation on the future regulation of AI. Currently there are no broad-based global regulations focusing on AI safety, although some governments have started drawing up their own rules. A recent Financial Times report said Sunak plans to launch a global advisory board for AI regulation, modeled on the Intergovernmental Panel on Climate Change (IPCC). When Sunak announced the summit in June, some questioned how well-equipped Britain was to lead a global initiative on AI regulation.
Persons: Olaf Scholz, Justin Trudeau –, Kamala Harris, Ursula von der Leyen, Wu Zhaohui, Antonio Guterres, James, Demis Hassabis, Sam Altman, OpenAI, Elon Musk, , Stuart Russell, Geoffrey Hinton, Alan Turing, Rishi Sunak, Sunak, Joe Biden, , Martin Coulter, Josephine Mason, Christina Fincher Organizations: Bletchley, WHO, Canadian, European, United Nations, Google, Microsoft, HK, Billionaire, Alan, Alan Turing Institute, Life, European Union, British, EU, UN, Thomson Locations: Britain, England, Beijing, British, Alibaba, United States, China, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have to talk to everyone, including China, to understand the potential of AI technology, Google DeepMind CEO saysDeepMind CEO Demis Hassabis and Google’s SVP of Research, Technology & Society, James Manyika, discuss international cooperation of AI regulation and the UK as a hub for innovation for the technology.
Persons: Demis Hassabis, James Manyika Organizations: Google, Research, Technology & Society Locations: China
Big Tech is lying about some AI risks to shut down competition, a Google Brain cofounder has said. Some large tech companies didn't want to compete with open source, he added. AdvertisementAdvertisementA leading AI expert and Google Brain cofounder said Big Tech companies were stoking fears about the technology's risks to shut down competition. AdvertisementAdvertisementIn May, AI experts and CEOs signed a statement from the Center for AI Safety that compared the risks posed by AI with nuclear war and pandemics. Any necessary AI regulation should be created thoughtfully, he added.
Persons: Andrew Ng, , Sam Altman, It's, Demis Hassabis, Dario Amodei, Ng Organizations: Big Tech, Australian Financial, Service, Google, Stanford University, Center, AI Safety, European
Meta's Yann LeCun thinks tech bosses' bleak comments on AI risks could do more harm than good. Thanks to @RishiSunak & @vonderleyen for realizing that AI xrisk arguments from Turing, Hinton, Bengio, Russell, Altman, Hassabis & Amodei can't be refuted with snark and corporate lobbying alone. https://t.co/Zv1rvOA3Zz — Max Tegmark (@tegmark) October 29, 2023LeCun says founder fretting is just lobbyingSince the launch of ChatGPT , AI's power players have become major public figures. The focus on hypothetical dangers also divert attention away from the boring-but-important question of how AI development actually takes shape. For LeCun, keeping AI development closed is a real reason for alarm.
Persons: Meta's Yann LeCun, , Yann LeCun, Sam Altman, Anthropic's Dario Amodei, Altman, Hassabis, LeCun, Amodei, LeCun's, Max Tegmark, Turing, Hinton, Russell, Tegmark, I'd, fretting, Elon Musk, OpenAI's, OpenAI Organizations: Service, Google, Hassabis, Research, Meta Locations: Bengio, West Coast, China
British Prime Minister Rishi Sunak leaves 10 Downing Street to attend Prime Minister's Questions at the Houses of Parliament in London, Britain, October 18, 2023. Sunak wants Britain to be a global leader in AI safety, carving out a role after Brexit between the competing economic blocs of the United States, China and the European Union in the rapidly growing technology. The UK government will also publish a report on "frontier" AI, the cutting-edge general-purpose models that the summit will focus on. The report will inform discussions about risks such as societal harms, misuse and loss of control, the government said. China is expected to attend, according to a Financial Times report, while European Commission Vice President Vera Jourova has received an invitation.
Persons: Rishi Sunak, Clodagh, Sunak, Kamala Harris, Demis Hassabis, Vera Jourova, Paul Sandle, Mike Harrison Organizations: British, REUTERS, Safety, European Union, Google, Financial Times, European, Thomson Locations: London, Britain, Bletchley, United States, China, Canada, France, Germany, Italy, Japan, Hiroshima
Meta's chief AI scientist Yann LeCun said that superintelligent AI is unlikely to wipe out humanity. He told the Financial Times that current AI models are less intelligent than a cat. AI CEOs signed a letter in May warning that superintelligent AI could pose an "extinction risk." AdvertisementAdvertisementFears that AI could wipe out the human race are "preposterous" and based more on science fiction than reality, Meta's chief AI scientist has said. However, LeCun told the Financial Times that many AI companies had been "consistently over-optimistic" over how close current generative models were to AGI, and that fears over AI extinction were overblown as a result.
Persons: Yann LeCun, , Albert Einstein, Sam Altman, Demis Hassabis, Dario Amodei, OpenAI's, LeCun, They're, Meta Organizations: Financial Times, Service, Intelligence, Microsoft
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - Britain will host the world's first global artificial intelligence (AI) safety summit next month, aiming to carve out a role following Brexit as an arbiter between the United States, China, and the European Union in a key tech sector. The Nov. 1-2 summit will focus heavily on the existential threat some lawmakers, including Britain's Prime Minister Rishi Sunak, fear AI poses. Sunak, who wants the UK to become a hub for AI safety, has warned the technology could be used by criminals and terrorists to create weapons of mass destruction. Critics question why Britain has appointed itself the centre of AI safety. "We are now reflecting on potential EU participation," a spokesperson told Reuters.
Persons: Dado Ruvic, Rishi Sunak, Sunak, Alan Turing, Kamala Harris, Demis, Matt Clifford, Clifford, we're, Stephanie Hare, Elon Musk, Geoffrey Hinton, Britain, OpenAI, Marc Warner, it's, Vera Jourova, Brando Benifei, Dragos Tudorache, Benifei, Jeremy Hunt, Martin Coulter, Matt Scuffham, Mark Potter Organizations: REUTERS, European Union, Britain's, EU, Bletchley, Google, San, Reuters, China . Finance, Politico, Thomson Locations: Britain, United States, China, England, British, France, Germany, London, U.S, San Francisco, Beijing, Europe
She also discussed how the company is rethinking the future of Google Assistant. AdvertisementAdvertisementThere's a lot of pressure on Google right now. A key person in the middle of all this is Sissie Hsiao, Google's VP and general manager of Bard and Google Assistant. If it disappoints, it will embolden critics who say Google has fallen behind. Google Assistant was the answer, and in 2021 Google reshuffled its search team to put Hsiao in charge of its voice assistant.
Persons: Bard, , OpenAI's, Sundar Pichai, Demis Hassabis, Sissie Hsiao, Google's, She's, Hsiao, Gemini, I've, OpenAI, Josh Edelson, Getty Hsiao, It's, it's Organizations: Google, Service, Gemini, Microsoft Locations: Bard
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