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☆ Meme stocks are back in fashion. Here's how to find one.
▼ + stars: | 2024-04-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.

Persons: —, Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, …, Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago

☆ OpenAI says it’s working on AI that mimics human voices
▼ + stars: | 2024-04-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —OpenAI has unveiled a new artificial intelligence tool that can mimic human voices with startling accuracy. Users can then provide a paragraph of text and the tool will read it in the AI-generated voice. There are several AI-generated voices services already available to the public but, as it did with the breakout chatbot ChatGPT, OpenAI has proven particularly adept at garnering widespread adoption of AI tools. Voice Engine can use a voice sample in one language to create a replica voice that can speak in multiple other languages. The preview of Voice Engine comes as users await the public release of Sora, the AI-generated video tool that OpenAI teased last month.

Persons: New York CNN — OpenAI, OpenAI, ” OpenAI, Sora, OpenAI’s Organizations: New, New York CNN Locations: New York

☆ In AI rivalry with the U.S., China is behind on a key asset: Its own OpenAI
▼ + stars: | 2024-03-31 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +4 min

In China, which is angling to produce its own chips or get more from Nvidia, no dominant gen AI contender to OpenAI has emerged yet among dozens of Chinese tech titans and startups. Last year, funding of gen AI upstarts accounted for nearly half of $42.5 billion invested globally in artificial intelligence companies, according to CB Insights. "China is at a big disadvantage in building the foundation models for Gen AI," said Rui Ma, an AI investor and co-founder of investment syndicate and podcast TechBuzz China. China does have the tech talent to make a difference in the AI rivalry in the years ahead. Additionally, among top-tier AI researchers working at U.S. institutions, 38% have China as their country of origin, compared with 37% from the U.S.New Chinese gen AI market entries can also reach mass adoption quickly.

Persons: Ernie Bot, OpenAI, Paul Triolo, Jenny Xiao, Rui Ma, Triolo, Sora, Ma, Marco Polo, Baidu's, Ernie, Leong Organizations: Global, Trade, Hangzhou International, Nvidia, tech titans, titans Microsoft, Google, Amazon, U.S, Dentons Global Advisors, Leonis Capital, OpenAI, Paulson Institute, U.S ., Samsung, Apple, Baidu Locations: Hangzhou, Zhejiang Province, China, Washington ,, Silicon, San Francisco, The U.S, U.S, OpenAI

☆ Opinion: 25 years later, ‘The Matrix’ is less sci-fi than tech reality
▼ + stars: | 2024-03-30 | by ( Opinion Rizwan Virk | ) edition.cnn.com time to read: +11 min

In 2003, Oxford philosopher Nick Bostrom imagined a “technologically mature” civilization could easily create a simulated world. With simulated worlds far outnumbering the “real” world, the likelihood that we are in a simulation would be significantly higher than not. Remember, the simulations would be so good that you wouldn’t be able to tell the difference between a physical and a simulated world. Either the signals are being beamed directly into your brain, or we are simply AI characters inside the simulation. Already, millions of humans are chatting with AI characters, and millions of dollars are pouring into making AI characters more realistic.

Persons: Virk, X, CNN — It’s, ”, Lana, Lilly Wachowski, Philip K, Dick, Tessa, Morpheus, Laurence Fishburne, Keanu Reeves, Nick Bostrom, Elon Musk, Smith, Hugo Weaving, Carrie Ann, Moss, Musk, OpenAI, it’s, Reeves ’ Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Center for Science, CNN, Apple, Trinity Locations: zenentrepreneur.com, Oxford, Silicon, Silicon Valley

☆ Sam Altman is trying to convince Hollywood that Sora won't destroy the movie business
▼ + stars: | 2024-03-29 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +1 min

Sam Altman's looking to win over movie studios with Sora, OpenAI's new video-generating tool. He recently held a series of meetings with Hollywood executives, the Financial Times reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam Altman seems to be trying to convince Hollywood executives that his latest AI tool won't destroy the movie business. This story is available exclusively to Business Insider subscribers.

Persons: Sam Altman's, Sora, OpenAI's, —, Sam Altman, Altman's OpenAI Organizations: Hollywood, Financial Times, Service, Business

☆ Creators are growing increasingly concerned about AI as OpenAI's Sora looms and issues of inclusivity and crediting persist
▼ + stars: | 2024-03-26 | by ( Shriya Bhattacharya | Marta Biino | ) www.businessinsider.com time to read: +8 min

"I'm worried about AI stunting creativity, replacing the need to use our brains," said travel creator Jessica Morrobel, who has about 168,000 followers on TikTok and Instagram. Lifestyle creator Joseph Arujo said he primarily uses ChatGPT to format his emails, since he gets a lot of brand partnership requests. AdvertisementCherie Luo, who publishes educational content, said she uses AI to transcribe and summarize her podcast episodes. And UGC creator Salha Aziz said she uses AI for a variety of tasks, including writing scripts for her videos. "It is concerning how good it's getting," said Tales, who has 2.7 million followers on TikTok and Instagram.

Persons: —, Snapchat, I'm, Jessica Morrobel, Noah Jennings, Marina Mogilko, YouTuber who's, Cassey Ho, Joseph Arujo, Cherie Luo, Salha Aziz, Sora, Tyler Perry, he'd, Martin Haerlin, Tristan, Alex Piper, Haerlin, Kahlil Greene, we'll, Nneya Richards, she'd, Richards Organizations: Service, SXSW, Business, Adobe, YouTube, Ferrari, Night Studios, it's Locations: Texas, TikTok

☆ Watch the crazy AI short films and videos created by artists with early access to OpenAI's Sora tool
▼ + stars: | 2024-03-26 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

OpenAI has released the first third-party videos produced with its unreleased Sora tool. The new clips include a bizarre nature documentary and the story of a man with a balloon for a head. The AI videos are impressive, but one former Stability AI exec accused OpenAI of "artistwashing." AdvertisementThe first artist-produced videos from OpenAI's Sora are here, and they give a glimpse at what Hollywood or other storytellers could create with the text-to-speech AI tool. This story is available exclusively to Business Insider subscribers.

Persons: OpenAI, —, OpenAI's Sora Organizations: Service, Hollywood, Business Locations: Hollywood

☆ Sam Altman's mission to increase human lifespan with a $180 million shipping container experiment at Retro Biosciences
▼ + stars: | 2024-03-23 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

Called Retro Biosciences, the startup's goal is simple yet supremely ambitious: Add 10 healthy, enjoyable years onto the back end of our lifetimes. But Retro Biosciences actually fits quite neatly into Altman's futuristic worldview. Retro BiosciencesRetro Biosciences sits about 30 miles south of OpenAI's San Francisco headquarters, where ChatGPT was hatched. Joe Betts-LaCroix is the CEO of Retro Biosciences. There are things we already know work super well to improve human longevity, like exercise, diet, faith, and social support.

Persons: Sam Altman, he's, Elon Musk, Mark Zuckerberg, Altman, Instacart —, Joe Betts, LaCroix, isn't, Betts, Retro's, spry, Yamanaka, Shinya Yamanaka, it's, they've, Sora, Thiel, Jeff Bezos, Bezos, Yuri Milner, Billionaire Peter Thiel, He's, Aubrey de Grey, Christian Angermayer, biogerontologist Daniel Promislow, Altman's, Matt Buckley Organizations: Business, OpenAI, Biosciences, Harvard, MIT, Caltech, Extension, Apple, Stanford University, Retro, Bezos, Labs, Billionaire, Cambrian, Retro Biosciences, Bloomberg Locations: geroscience, Silicon Valley, OpenAI's San Francisco, Meta, Golden City, Retro.bio, Redwood City , California, San Diego

☆ An OpenAI mystery: YouTube videos, Google throttling, and AI training data.
▼ + stars: | 2024-03-18 | by ( Alistair Barr | Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewThe AI community assumes that OpenAI uses vast quantities of YouTube videos to train models, including its new Sora offering. The mystery is how OpenAI accesses enough YouTube content to make this work. Business Insider asked OpenAI whether it has downloaded YouTube videos at scale and whether the startup uses this content as data for AI model training. Google, OpenAI, and other tech companies are currently arguing that using copyrighted content for AI model training is also legal. And when pressed again about sources of training data, Murati replied, "I'm not going to go into the details."

Persons: —, OpenAI, Mira Murati, Sora, I'm, Murati, Axel Springer, Ashley Stewart Organizations: Service, YouTube, Business, Google, Microsoft, Street

☆ The big push for AI, TikTok bans, and spaces for influencers of color: Here are 3 takeaways for creators from SXSW.
▼ + stars: | 2024-03-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

AI was very popular, but most panels failed to discuss the consThe harmful impacts of AI dominated the conversation among creators at SXSW. Related storiesIn a session titled "AI in Video: Revolutionizing or Replacing Creators," Vimeo product executive Zohar Dayan's presentation similarly focused on the technology's benefits. Talk of a TikTok ban? Employees and creators are 'bored' of itOutside SXSW, the conversation has picked up about a potential TikTok ban in the US , but there was radio silence about it in Austin among the TikTok employees and creators I met. "We're so bored of that topic, honestly," said two TikTok employees, who spoke on condition of anonymity out of concern about facing repercussions from their employer.

Persons: Cassey Ho, OpenAI's, Peter Deng, Deng, Zohar, Dan Whateley, they've, Kahlil Greene, he's, Jerry Won, Justin Nguyen, Mylen Yamamoto Tansingco, Sam Li, Sean Kim, Sam Yam, Austin Hilton, Tumi Brooks Organizations: Southwest, Delta Air Lines, Business, IBM, SXSW, Snapchat, Pershing House, Talent, Austin, Austin Hilton Hotel, Convention Locations: Austin, Australia, China, member's, TikTok, Netflix's, Singapore

☆ Festival crowd boos at video of conference speakers gushing about how great AI is
▼ + stars: | 2024-03-14 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Video emerged on social media of the audience loudly booing a conference sizzle reel that featured several industry leaders speaking positively about AI. The sizzle reel played before several film premieres at the festival, including "The Fall Guy" and "Immaculate," Variety reported. In a statement to BI, Carter said her SXSW panel on the future of AI was "a standout event." AdvertisementThe other panelists shown in the sizzle reel did not return requests for comment before publication. The growing impact of AI is a concern felt across the film industry.

Persons: —, Guy, Peter Deng, OpenAI, Sandy Carter, didn't, 46OXfiIk0r — Marcelo, Rony Abovitz, Magic, Abovitz, OpenAI's Peter Deng, Carter, Variety, Ashley Landis, Sora, Tyler Perry, Armour Organizations: Service, SXSW, Business, Sun Locations: South, Southwest

☆ Adobe shares slip 10% on soft sales forecast
▼ + stars: | 2024-03-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. During the quarter, Adobe abandoned its $20 billion acquisition of design software startup Figma after U.K. regulators found competitive concerns. Adobe will work with OpenAI around Sora, David Wadhwani, president of Adobe's digital media business, said on the earnings call. Adobe sees fiscal second-quarter earnings of $4.35 to $4.40 per share on an adjusted basis, with $5.25 billion to $5.30 billion in revenue. Leaving out the after-hours movement, Adobe shares have fallen 4% so far this year, while the S&P 500 index has gained 8% over the same time period.

Persons: Shantanu Narayen, OpenAI, Sora, David Wadhwani, LSEG, Wadhwani Organizations: CNBC, New York Stock Exchange, Adobe, LSEG, Firefly Services Locations: Sora

☆ AI is not ready for primetime
▼ + stars: | 2024-03-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Generative AI tools, including ChatGPT, have been alleged to violate copyright. That’s not stopping Big Tech companies and AI firms, which continue to hook consumers and businesses on new features and capabilities. “Access to major generative AI systems in widespread use is controlled by a few companies,” said Venkatasubramanian, noting that these systems easily make errors and can produce damaging content. He believes bolder reforms may be necessary too, such as taxing AI companies to fund social safety nets. For now, current day generative AI users must understand the limitations and challenges of using products that are still quite far from where they need to be.

Persons: ”, Taylor Swift, Joe Biden, Mandel Ngan, That’s, OpenAI, Elon Musk, Elon Musk Gonzalo Fuentes, ” Suresh Venkatasubramanian, Venkatasubramanian, ” Arvind Narayanan, CNN he’s, Narayanan, “, ChatGPT, Bard –, haven’t, ” Gemini, Brian Fung Organizations: CNN, Chamber, Getty, Big Tech, Microsoft, Google, Reuters, Brown University, “, White, Office of Science, Technology, Management, Executive, Princeton, “ Tech Locations: Washington ,, AFP, New Hampshire

☆ Private-equity and VC investors look to sports, AI, and live events as the era of peak TV draws to a close
▼ + stars: | 2024-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.

Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI

☆ AI deepfakes are poised to enter court proceedings at time of low trust in legal system
▼ + stars: | 2024-03-06 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

"The chances of someone abusing this technology today is likely already happening," said Jay Madheswaran, CEO and co-founder of AI legal case assistant Eve. This is a threat to the judicial system around the world. The risk of alteration in the judicial processIn addition to the risk of altered evidence, streamlining court reporting with AI opens up the doors to alteration. Traditional court reports take an oath of accuracy and impartiality, something that could be lost with AI without appropriate legislation. According to the National Artificial Intelligence Act of 2020, AI can "make predictions, recommendations or decisions influencing real or virtual environments."

Persons: Sora, Jay Madheswaran, Sarah Thompson, Thompson, Kristin Anderson, Melissa Buchman, Madheswaran, deepfakes Organizations: National Court Reporters Association, Los Angeles San, Los Angeles San Francisco Daily Journal, Stanford University, Federal, MIT, Northwestern, National Artificial Intelligence, deepfakes, Pew Research Center Locations: Judicial, Denton County , Texas, California, Los Angeles San Francisco, American

☆ OpenAI's legal headaches are adding up
▼ + stars: | 2024-03-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Even as it promises to disrupt the economy, OpenAI's legal headaches are adding up. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Wednesday, The Wall Street Journal reported that the Securities and Exchange Commission was investigating whether OpenAI misled investors. AdvertisementIn December, The New York Times filed a suit against OpenAI and Microsoft, alleging Times articles had been used to train chatbots. In July, the FTC also began investigating OpenAI over data and privacy concerns to determine whether the company was in violation of consumer-protection laws.

Persons: Elon Musk, OpenAI, —, Tesla, Musk, Sam Altman, Jonathan Franzen, John Grisham, George R.R, Martin, That's, Sora, Axel Springer Organizations: SEC, Service, Microsoft, Street Journal, Securities and Exchange Commission, The New York Times, OpenAI, Times, Federal Trade Commission, FTC, Google, Business Locations: OpenAI

☆ IQiyi, the Netflix of China, posts first year of profits and says it's 'excited' about Sora
▼ + stars: | 2024-02-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora. Speaking exclusively to CNBC on Thursday, Wang said such tools can help iQiyi tell stories more creatively, and that internally, it is exploring the text-to-video space. For 2023, iQiyi said Wednesday its original content accounted for a record 65% of major dramas it released. Other major Chinese video platforms with longer-form content include Tencent Video, Alibaba -owned Youku and Bilibili . Recent data insights show more people across China are watching iQiyi's content on internet-connected television sets, and, increasingly screens inside electric cars, Wang said.

Persons: Wang Jun, Wang, OpenAI, Sora, iQiyi Organizations: Bloomberg, Getty, CNBC, Apple Locations: BEIJING, U.S, Beijing, China

☆ How Google lost its way
▼ + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +17 min

Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.

Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, —, Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon, —

☆ Kara Swisher warns news organizations need to ‘reinvent’ themselves amid existential crisis
▼ + stars: | 2024-02-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +9 min

We spoke to Swisher on Monday to get her insight on some of the challenges facing the media and tech landscape today. And they didn’t anticipate that these tech companies were going to get into media. If so, why haven’t legacy media companies been able to lure in top tech talent to improve their products? Media companies do not get to live by the same anti-gravity rules that tech companies have been able to. But media companies didn’t offer the same kind of upside.

Persons: New York CNN — Kara Swisher, ” Swisher, Swisher, it’s, BuzzFeed, they’ve, Steve Jobs, Rupert Murdoch, “, Donald Trump’s, Joe Biden’s, It’s, You’ve, Elon Musk, Bill Ackman, I’m, Elon, Tyler Perry, Sora, everyone’s, Adrian Chen, …, AllThingsD, Uber, We’ve, haven’t Organizations: New York CNN, Craigslist, . Media, Big Tech, New York Times, Harvard, The New York Times, Google Locations: New York

☆ China’s AI stocks are surging. Here are the names to watch
▼ + stars: | 2024-02-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.

Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai

☆ Tyler Perry thinks AI can create movies almost as well as he can and is worried about Hollywood's future
▼ + stars: | 2024-02-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The potential of AI convinced Tyler Perry to halt an $800 million expansion of his studios. Perry made the decision after seeing OpenAI's tool Sora, which can create complex video scenes. Perry warned that AI could threaten many jobs in the film industry. The $800 million project would have added 12 sound stages, backlots, sets, and more to the 330-acre property, which already ranks as one of the largest production facilities in the country. But the speed and sophistication of new AI technology, like OpenAI's new video tool Sora, convinced Perry to reconsider the expansion.

Persons: Tyler Perry, Perry, —, Madea, Sora, OpenAI Organizations: Service, Hollywood Locations: Atlanta

☆ UBS says the AI-driven tech rally 'still has room to run' as the sector is set to see explosive growth — and shares 2 trades to benefit from the upside potential
▼ + stars: | 2024-02-23 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

But can the momentum continue for AI stocks continue? But our estimates could prove to be conservative in light of recent developments like Open AI's text-to-video model Sora and management commentary from Nvidia," Marcelli said. Both Microsoft and Alphabet reported increased cloud revenue growth thanks to AI, and revenue from their AI models and applications should see significant growth in the next five years, she said. "Given the strong AI-related tailwinds, we see 18% year-over-year earnings growth in 2024 for the global tech sector, including information technology and internet," Marcelli said. 2 trades to ride the AI waveTo take advantage of further AI upside, Marcelli said UBS prefers two market subsectors: semiconductors and software.

Persons: Solita Marcelli, Marcelli Organizations: Nvidia, Business, UBS, UBS Americas, Microsoft, VanEck Semiconductor, Invesco Semiconductors, Software Sector, P Software & Services, Big Tech

☆ Seeking nominations for the top creative agencies harnessing generative AI
▼ + stars: | 2024-02-22 | by ( Ryan Joe | ) www.businessinsider.com time to read: 1 min

Business Insider is seeking nominations for a list showcasing the creative agencies that have mastered generative AI technologies and are using them to produce consumer-facing work. Please submit your nominations using this form. Over the last year, ad agencies have taken big steps familiarizing themselves with generative AI tools — and they've become much more adept at harnessing the nascent technology for their clients' creative work. Even still, the tech continues to evolve with eye-popping results, as seen by OpenAI's new Sora video generation tool. This story is available exclusively to Business Insider subscribers.

Persons: they've Organizations: Business

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ It's not just Sam Altman trying to throw money at the AI chip shortage
▼ + stars: | 2024-02-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The race is on to address the AI chip shortage. SoftBank's Masayoshi Son is the latest tech leader who plans to invest heavily in chip production. Chips are needed to train the complex models that underpin AI — but there's not enough to go around. SoftBank CEO Masayoshi Son is the latest tech leader to raise funds to tackle the chip shortage. So too are more speculative ambitions being pursued by both Altman and Son, such as the development of artificial general intelligence.

Persons: —, Sam Altman, it's, Masayoshi Son, Altman, Son, Ethan Mollick, ” There's, That's, Mark Zuckerberg, ” Mark Zuckerberg, JOSH EDELSON, Son’s Organizations: Service, Tech, Journal, Izanagi, Bloomberg, Kyodo, Stills, Nvidia, Samsung, Intel, ARM Locations: Tokyo

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