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☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ Beyoncé's covers are landing Boomer country artists in the ears of Gen Z
▼ + stars: | 2024-04-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

She weaves in samples and references to Black artists, including Sister Rosetta Tharpe, Chuck Berry, and Roy Hamilton. A cover song isn't just a copyThere's a long history of non-country artists doing country covers. Related storiesFor artists, cover songs "are like a stepping stone. Solis, the ethnomusicologist, pointed out that country music has grown out of a history of people playing other artists' songs, particularly Black artists. Beyoncé's "Jolene" cover is #3 on Apple Music Charts, while "Blackbird" is #12.

Persons: Cowboy Carter, Jolene, —, Carter, It's, Queen Bey, she's, Rosetta Tharpe, Chuck Berry, Roy Hamilton, Willie Nelson, Linda Martell, Bey, Dolly Parton, Paul McCartney, Tanner Adell, Brittney Spencer, Tiera Kennedy, Reyna Roberts, Tina Knowles, Gabriel Solis, Patsy Cline's, Bing Crosby, Don Cusic, Beyoncé, — Bey, Solis, " Solis, Tracy Chapman's, Luke Combs, Martell, Nelson, Parton, Cusic Organizations: Service, University of Washington, Western Music Hall of Fame, Spotify, Apple, YouTube Locations: America, Beyoncé

☆ Opinion | Deep-Sixing Pornographic Deepfakes for Good
▼ + stars: | 2024-03-31 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Deepfake Violations, Met With a Shrug,” by Nicholas Kristof (column, March 24):Mr. Kristof underscores the urgent need to address the distressing prevalence of nonconsensual A.I. sexual content online and in top search engine results, to protect individuals, particularly the women and girls overwhelmingly targeted, from exploitation and harm. I urge all readers to raise their voices by sending letters, emails or open letters tagged on social media and LinkedIn to Google and Microsoft Bing executives and social media teams. Our collective advocacy can amplify the call for these tech giants to take proactive measures in removing such content from their search results. ‘After school, I came home, and I told my mom we need to do something about this.’

Persons: Nicholas Kristof, Mr, Kristof, Microsoft Bing, Brittany Poley, Nicholas Kristof’s, ’ Francesca, ‘, ’ Organizations: Google, Microsoft Locations: ”, Brittany, Brittany Poley Washington

☆ Microsoft's reshuffle continues as Bing chief plans to exit the role. It comes days after Satya Nadella poached Mustafa Suleyman.
▼ + stars: | 2024-03-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Bing chief Mikhail Parakhin is leaving the role and will report to Microsoft's CTO in the meantime. The reorganization comes days after Satya Nadella tapped Mustafa Suleyman to lead its AI efforts. Days after Satya Nadella announced he was bringing Inflection AI's cofounder Mustafa Suleyman into the mix as its EVP and CEO of Microsoft AI, Mikhail Parakhin has "decided to explore new roles." Related storiesParakhin, who led the company's Bing search engine and advertising businesses, will report to Microsoft CTO Kevin Scott. AdvertisementMicrosoft has built AI into its Bing search engine and created other AI tools for Windows and Office under the Copilot brand over the last year.

Persons: Bing, Mikhail Parakhin, Parakhin, Satya Nadella, Mustafa Suleyman, —, Kevin Scott, Pavan, Rajesh Jha, Microsoft's, Satya, Nadella, Suleyman, Karén Simonyan, Simonyan, Nadella's, Microsoft didn't Organizations: Service, Microsoft, Google, Windows, Bloomberg

☆ Microsoft picks company veteran Pavan Davuluri to lead Windows and Surface
▼ + stars: | 2024-03-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri's promotion comes a week after Microsoft said it was hiring former DeepMind co-founder Mustafa Suleyman as the head of a new organization called Microsoft AI. The Windows team will continue to work closely with the Microsoft AI team on AI, silicon, and experiences.The Web Experiences team will report into Mustafa in the new Microsoft AI organization. Mike Davidson continues to lead Design and will work with Pavan and team on how to realign Windows design. They will join the Microsoft AI leadership team along with Jordi, Mike, and Rukmini, all reporting to Mustafa.We are excited for this team to help Microsoft AI achieve its bold ambition to build world-class consumer AI products.

Persons: Pavan Davuluri, Panos Panay, DeepMind, Mustafa Suleyman, Mikhail Parakhin, Parakhin, Kevin Scott, Rajesh Jha, Davuluri, Read, Satya, Shilpa Ranganathan, Jeff Johnson, Mustafa, Jordi Ribas, Andrey Proskurin, Fatima Kardar, Nick Lee, Rukmini Iyer, Paul Viola, Weiqing, Mike Davidson, Pavan, Ali Akgun, Kya Sainsbury, Carter, Qi Zhang, Rajesh Sundaram's, Jordi, Mike, Rukmini Organizations: Microsoft, Windows, Bing, WWE

☆ Microsoft's hiring of Inflection staff came amid a lack of consumer-AI vision and board concerns about OpenAI, insiders say
▼ + stars: | 2024-03-20 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Microsoft's hiring spree from the startup Inflection AI came amid concerns from the software giant's board about instability at OpenAI and internal doubts about consumer-AI vision and strategy, insiders said. Suleyman, who cofounded the AI pioneer DeepMind, is set to be CEO of Microsoft AI. Microsoft's consumer-AI vision needed a boostSome Microsoft insiders told Business Insider the company's consumer-AI strategy needed a boost and more of a visionary leader. As the new CEO of Microsoft AI, Suleyman's purview is set to include thousands of employees who report to Mikhail Parakhin. Parakhin has played a significant role in Microsoft's AI work and is generally respected within the company for his technical prowess.

Persons: Mustafa Suleyman, Karén Simonyan, Suleyman, they've, Mikhail Parakhin, Parakhin, Rajesh Jha, Jha wasn't, Jha, Microsoft's, Frank Shaw, Shaw, Sam Altman, Satya Nadella, Nadella hadn't, Nadella, Amy Hood, It's, didn't, OpenAI Organizations: Big Tech, Business, Microsoft, BI, Google, Insiders, Microsoft's Locations: OpenAI

Mustafa Suleyman, Co-founder Inflection.ai & DeepMind, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Microsoft said Tuesday it has hired Mustafa Suleyman, a co-founder of artificial intelligence startup DeepMind that Google acquired in 2014, to lead Copilot AI initiatives. Suleyman will become an executive vice president and CEO of Microsoft AI, reporting to CEO Satya Nadella. The new Microsoft AI group will work on Copilot, which appears in Bing, Windows and other Microsoft products. WATCH: We've hit 'peak hype' of the AI revolution, says DeepMind co-founder Mustafa Suleyman

Persons: Mustafa Suleyman, Inflection.ai, Suleyman, Satya Nadella, DeepMind, Elon Musk, Karén, Nadella, Mustafa, Demis Hassabis, Hassabis Organizations: Microsoft, Google, Windows, Consumer Locations: Davos, Switzerland, Bing

☆ AI Is Upending Google's Search Business. a Lady Gaga Query Shows How.
▼ + stars: | 2024-03-19 | by ( Kali Hays | Hugh Langley | ) www.businessinsider.com time to read: +16 min

Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.

Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI

☆ Matthew Perry's stepdad says the actor was happy before his death, and it's unfair that he 'didn't get to have his third act'
▼ + stars: | 2024-03-13 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Read preview"Dateline" correspondent Keith Morrison is still feeling the ripple effects of his stepson Matthew Perry's death five months later. Morrison told Kotb that Perry's unexpected death has been particularly difficult on his mother. Morrison said that Perry was happy prior to his death. Advertisement"He said so, and he hadn't said that for a long time," Morrison told Kotb. "It's a source of comfort, but also, he didn't get to have his third act, and that's not fair.

Persons: —, Keith Morrison, Matthew Perry's, doesn't, Morrison, Suzanne Perry, Perry, Chandler Bing, Matthew Perry, NBC Perry, I've, Kotb, I'd, hadn't, didn't, that's, Reisig, Getty Morrison, John Bennett Perry, isn't, it's Organizations: Service, Business, NBC Locations: Los Angeles

☆ Premarket stocks: Why another unexpectedly hot jobs report could derail markets
▼ + stars: | 2024-03-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Wall Street was taken aback by the US labor market’s resilience in January. Another unexpectedly hot report could shake things up again. The January jobs report showed that the US economy added a stunning 353,000 jobs that month and the unemployment rate stayed at 3.7%. The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. The broad obligations apply only to the EU, which could leave tech users in the United States and other markets looking longingly at some of the features Big Tech is rolling out in response to the European directive.

Persons: Jerome Powell, he’s, “, ” Powell, Bonnie Cash, —, ’ ”, BeiChen Lin, It’s, Loretta Mester, ”, José Torres, Meta’s, Brian Fung, Apple, Bing, Read, Elisabeth Buchwald, NYCB, Steven Mnuchin’s, Alessandro DiNello, ” Read Organizations: CNN Business, Bell, New York CNN, Federal, Financial, Capitol, Reuters, Traders, Russell Investments, ” Cleveland Federal, CNBC, Market, Interactive Brokers, Apple, Google, Union citizens, Big Tech, New York Community Bank, Silicon Valley Bank, Liberty Strategic Capital Locations: New York, Washington ,, United States, NYCB, Silicon

So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

☆ Microsoft begins blocking some terms that caused its AI tool to create violent, sexual images
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

The AI tool now also blocks requests to generate images of teenagers or kids playing assassins with assault rifles — a marked change from earlier this week — stating, "I'm sorry but I cannot generate such an image. There is also a warning about multiple policy violations leading to suspension from the tool, which CNBC had not encountered before Friday. Microsoft has started to make changes to its Copilot artificial intelligence tool after a staff AI engineer wrote to the Federal Trade Commission Wednesday regarding his concerns about Copilot's image-generation AI. Shane Jones, the AI engineering lead at Microsoft who initially raised concerns about the AI, has spent months testing Copilot Designer, the AI image generator that Microsoft debuted in March 2023, powered by OpenAI's technology. All of those scenes, generated in the past three months, were recreated by CNBC this week using the Copilot tool, originally called Bing Image Creator.

Persons: Shane Jones, OpenAI's DALL, Jones, lacy, Elsa, Lina Khan Organizations: CNBC, Microsoft, Federal Trade, Disney, Palestinian, Israeli Defense Forces, Commerce, Science, Transportation, FTC Locations: Gaza

☆ Sweeping EU rules for tech giants take effect today. Here’s what’s changing
▼ + stars: | 2024-03-07 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. Its broad obligations affect six of the world’s largest tech companies: Amazon, Apple, Google, Meta, Microsoft and ByteDance, the parent company of TikTok. While the law could increase demand for tech companies to extend EU-specific features to other markets, few platforms have shown signs they plan to do so. Tech pushes backBut some tech companies have pushed back on the DMA, warning that it could lead to unintended consequences. “The changes the DMA requires will inevitably cause a gap” between EU users’ security and the security Apple users enjoy outside the EU, it added.

Persons: Meta’s, Apple, Bing, Elon Musk’s, “ Fortnite, ”, Agustin Reyna, “, Apple’s, ” Apple, Reyna, ” BEUC, Tim Sweeney, Meta —, Daniel Friedlaender, CCIA, Friedlaender, Olesya Dmitracova Organizations: Washington CNN, Apple, Google, Union citizens, Big Tech, Spotify, Netflix, Digital Markets, Meta, Microsoft, European Commission, EU, YouTube, Epic, Consumer, Tech, Games, CNN, Computer, Communications Industry Association Locations: United States, Europe

☆ Coastal cities are sinking in the US and pushing sea level rise into overdrive
▼ + stars: | 2024-03-06 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —Dozens of cities along the US coastline are sinking at alarming rates, leaving them far more exposed to devastating flooding from sea level rise than previously thought, scientists reported Wednesday. Cities on the East Coast where sinking land is exacerbating sea level rise include New York City and Atlantic City; Virginia Beach; Charleston, South Carolina; and Savannah, Georgia. As much as a third of sea level rise in this region over the next three decades could come from the sinking effect, the report found. This is a particular problem in areas where new coastal land has been created over the years by backfilling with sediment. Additionally, researchers say most sea level rise studies make projections for the end of the century, which “is viewed as too far (away) to begin planning,” Shirzaei said.

Persons: ”, Manoochehr Shirzaei, Leonard Ohenhen, Ophelia, Bing Guan, Kristina Hill, you’ll, ” Ohenhen, Joe Raedle, ” Shirzaei Organizations: CNN, Virginia Tech, Cities, Seaboard, Corpus Christi, Reuters, University of California, Getty Locations: East, New York City, Atlantic City, Virginia Beach, Charleston , South Carolina, Savannah , Georgia, Gulf, East Coast, Louisiana, Texas, Galveston, Freeport, Corpus, Northeast, Hamilton Beach, Queens, Berkeley, New Orleans, Port, Miami

☆ Microsoft engineer warns company's AI tool creates violent, sexual images, ignores copyrights
▼ + stars: | 2024-03-06 | by ( Hayden Field | ) www.cnbc.com time to read: +11 min

Jones was noodling with Copilot Designer, the AI image generator that Microsoft debuted in March 2023, powered by OpenAI's technology. "It was an eye-opening moment," Jones, who continues to test the image generator, told CNBC in an interview. watch nowMicrosoft's legal department told Jones to remove his post immediately, he said, and he complied. Jones said the risk "has been known by Microsoft and OpenAI prior to the public release of the AI model last October." "I am certainly convinced that this is not just a copyright character guardrail that's failing, but there's a more substantial guardrail that's failing," Jones told CNBC.

Persons: Jakub Porzycki, Shane Jones, Jones, OpenAI's DALL, Lina Khan, Khan, deepfakes, he's, Satya Nadella, Sam Altman, Justin Sullivan, Darth Vader, Elsa, Mickey Mouse, guardrail that's Organizations: Microsoft, Nurphoto, Copilot, CNBC, Commerce, Science, Transportation, Federal Trade, Google, Getty, pitchfork, Disney, Wars, Palestinian, Israel Defense Forces Locations: Krakow, Poland, Redmond , Washington, San Francisco, hoodies, Gaza

☆ Foot Locker's post-earnings plunge could be setting up a buying opportunity
▼ + stars: | 2024-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The company's long-term goal, as part of Foot Locker's "Lace Up" turnaround plan, is to achieve $350 million in operating cost savings. Digital sales now represent nearly 20% of Foot Locker's total sales, Dillon said on the call. Still, the bright spots were not enough to block out the sting from Foot Locker's guidance. By store, in North America, same-store-sales were up 4.8% at Foot Locker and 6.9% at Kids Foot Locker. A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023.

Persons: Locker, —, Mary Dillon, Dillon, we've, Foot, FactSet, Jim Cramer's, Jim Cramer, Jim, Bing Guan Organizations: Nike, Revenue, SG, Wall Street, CNBC, Bloomberg, Getty Locations: North America, —, Middle East, Africa, Asia, Pacific, New York

☆ Google's Gemini firestorm shows the risks of the company's race to catch up with its AI rivals
▼ + stars: | 2024-03-06 | by ( Beatrice Nolan | ) 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. The company has been defending itself against fierce backlash sparked by its AI chatbot's image-generating feature. The product has landed Google at the center of what was described in some circles as a "woke" culture war. AdvertisementGoogle's 'Gemini era' is all about GPT-4Pichai claimed late last year Google was entering its "Gemini era." The model is widely seen as the company's answer to OpenAI's GPT-4, a product heavily backed by Microsoft and already powering many of the company's AI products.

Persons: —, execs, Critics, Andrés, Sergey Brin, Sundar Pichai, Brin, Alex Heath, Heath, Pichai, OpenAI's, Google's Bard, Bing, Gvirtz, Sandra Wachter, Wachter Organizations: Service, Google, Business, Big Tech, King's Business School, Engineers, Gemini, Microsoft, chatbots, Financial, Oxford Internet Institute

☆ 'Bachelor' contestant Rachel Nance's love with Joey is a 'slow burn'
▼ + stars: | 2024-03-04 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

On the show, Rachel described herself to Joey as a "slow burn" because she's hesitant to open up too much based on experiences in her past relationships. Now, she's one of the final four women that Joey has selected for the upcoming hometown dates. She's a 27-year-old ICU nurse from HawaiiJoey Graziadei and Rachel Nance on season 28, episode seven of "The Bachelor." "I hope whoever I marry loves to travel as much as me," Rachel captioned a photo of the sky that was taken from the window of an airplane and posted in 2020. "Rachel Nance on paper, Rachel Green at heart," she captioned a photo shared on Instagram in September.

Persons: —, Rachel Nance, Joey Graziadei, Rachel, Joey, Hawaii Joey Graziadei, ABC Rachel, She's, Mount Rushmore, Chandler, Ross, Rachel Green Organizations: Service, Business, ABC, University of Maine, Fort Kent, Cal State Fullerton, Mount, Reisig, NBCU, Instagram Locations: Hawaii, Fort, Spain

☆ Forced to Change: Tech Giants Bow to Global Onslaught of Rules
▼ + stars: | 2024-03-04 | by ( Adam Satariano | David Mccabe | ) www.nytimes.com time to read: +1 min

And Apple will give iPhone and iPad users access to rival app stores and payment systems for the first time. The tech giants have been preparing ahead of a Wednesday deadline to comply with a new European Union law intended to increase competition in the digital economy. Those changes are some of the most visible shifts that Microsoft, Apple, Google, Meta and others are making in response to a wave of new regulations and laws around the world. In the United States, some of the tech behemoths have said they will abandon practices that are the subject of federal antitrust investigations. “This is a turning point,” said Margrethe Vestager, the European Commission executive vice president in Brussels, who spent much of the past decade battling with tech giants.

Persons: ”, Margrethe Vestager Organizations: Google, Microsoft, European Union, Markets, Apple, Justice Department, European Commission, “ Locations: United States, Brussels

☆ Microsoft could be sitting on a $50 billion advertising opportunity, Barclays says
▼ + stars: | 2024-02-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Advertising cold be an additional source of growth that brings in tens of billions of dollars to Microsoft , according to Barclays. Microsoft can be a long-term challenger to existing advertising giants in the technology sector, Lenschow said. Beyond that, he said another $20 billion could get added to the top-line if Microsoft improves distribution. MSFT YTD mountain Microsoft, year to date With acquisitions of advertising technology companies like PromoteIQ and Xanadr, Microsoft can obtain greater exposure to higher-growth digital areas such as connected TV and retail media, Barclays believes. "This holistic ad-tech stack serves as a unique value proposition for Microsoft, and mirrors the transformation of similar advertising mainstays," Lenschow said.

Persons: Raimo Lenschow, Lenschow, Microsoft's Organizations: Microsoft, Barclays, Bing, Google, of Justice, European Union, PlayStation Locations: Redmond, Washington, European

☆ These 5 fundamentally sound AI stocks are best-positioned for the next 5-10 years with the industry still in its early stages, according to a portfolio manager at a $20 billion firm
▼ + stars: | 2024-02-27 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

But don't confuse Osmani's overall optimism on the AI space for blanket bullishness on AI-adjacent stocks. Many AI stocks, in fact, are detached from fundamentals and are risky, he told Business Insider on Monday. As evidence of this, he cited the performance of a basket of 50 AI stocks his firm monitors. "We like companies that can monetize AI already, which, in effect, these companies are recipients of the sizable spend going on in AI — spend from the hyperscalers, spend from the corporates," he said. Below are five AI stocks that Osmani is betting on for the years to come.

Persons: Zehrid, Martin Currie, Osmani, —, he's bullish Organizations: Business, Microsoft, Google, OpenAI, Design Systems Locations: Scotland

☆ Google says Microsoft offered to sell Bing to Apple in 2018, but search-quality issues got in the way
▼ + stars: | 2024-02-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft offered to sell its Bing search engine to Apple in 2018, Google said in a court filing earlier this month. In the fourth quarter, Microsoft generated $3.2 billion from search and news advertising, while Google search and other revenue totaled $48 billion. Google said in its filing that when Microsoft reached out to Apple in 2018, emphasizing gains in Bing's quality, Microsoft offered to either sell Bing to Apple or establish a Bing-related joint venture with the company. Google said Apple CEO Tim Cook sent an email to Apple executives about the assessment of Bing, but his remarks are redacted in the filing. Cue testified that "if Apple did not receive the massive payments it sought from Google, Apple would have developed its own search engine," the Justice Department asserted in its filing.

Persons: Tim Cook, Eddy, Apple's, Bing, Apple, Satya Nadella, Rob Sanderson Organizations: Apple, Allen, Co . Media, Technology Conference, Microsoft, Google, U.S . Justice Department, Bing, Safari, Justice Department, Windows, MSN, Department, Bloomberg Locations: Sun Valley , Idaho

And the rise of generative AI chatbots is giving people new and different ways to look up information. A recent study by German researchers suggests the quality of results from Google, Bing and DuckDuckGo is indeed declining. But they have their own issues: Because the tech is so new, there are concerns about AI chatbots’ accuracy and reliability. If you want to try the AI way, here's a how-to:Photos You Should See View All 33 ImagesWHERE DO I FIND AI SEARCH TOOLS? A slew of startup AI search sites have emerged, but they aren't as easy to find.

Persons: — It's, Bing, Bard, There’s, Andi, Phind, “, Taylor Swift, Perplexity, Microsoft's Copilot, —, Aston Martin —, AskAI, they’re, HuggingChat, Gemini Organizations: Google, Komo, Gemini, Microsoft Locations: U.S, Britain, Switzerland, Europe, You.com, Canada, London, New York

☆ A big win for Wells Fargo — plus what's dragging down Google parent Alphabet
▼ + stars: | 2024-02-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

One more down: Shares of Wells Fargo hit a new 52-week high after the Office of the Comptroller of the Currency terminated a 2016 consent order linked to its sales practices. This is the sixth consent order that regulators have terminated since 2019. Every consent order that is resolved brings the bank closer to having the Federal Reserve lift the asset cap that's been holding it back since February 2018. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Linde, Wells Fargo, Charlie Scharf, there's, GOOGL, It's, Jim Cramer's, Jim, Krisztian Bocsi Organizations: CNBC, Air Products, Chemicals, Bank of America, Energy, Cisco Systems, Wells, Currency, Federal Reserve, Microsoft, Google, Materials, University of Michigan, PPI, Jim Cramer's Charitable, Shell Plc, BASF, Linde AG, Bloomberg, Getty Locations: We're, Bank, Wells, Coinbase, Leuna, Germany

☆ OpenAI reportedly has Google in its sights with a new online search product
▼ + stars: | 2024-02-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI is reportedly developing a web search product to compete with Google Search. The ChatGPT maker is developing its own web search product, The Information reported, citing unnamed sources. The new product may be partly powered by Microsoft's search engine Bing, per the report. The Information report said it's unclear if OpenAI's search product would be separate from ChatGPT, its AI chatbot. The development puts OpenAI into more direct competition with Google Search and follows Microsoft's attempt to boost its Bing search engine with the AI company's tech.

Persons: OpenAI, Bing, —, Satya Nadella Organizations: Google, Service, Microsoft, Business, Bing Locations: OpenAI

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