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The BOJ will now look to utilize its short-term interest rate as its primary policy tool. It will employ an interest rate of 0.1% to current account balances held by financial institutions at the central bank from March 21, while encouraging the uncollateralized overnight call rate (another interest rate used as a policy lever by the bank) to remain at around 0 to 0.1% — effectively raising interest rates from -0.1% previously. It would resort to "nimble responses" in the form of increased Japan government bond purchases and fixed-rate purchases of JGBs, among other things, if there is a rapid rise in long-term interest rates. Japanese investors have looked elsewhere for better returns given years of artificially depressed interest rates in their home market. The Fed is due to announce its own interest rate decision on Wednesday.

Persons: Japan Alexander Spatari, Kazuo Ueda, Rob Carnell, BOJ, Ueda, Michael Brown, —, JGBs, Vishnu Varathan, Hayden Briscoe, Briscoe Organizations: Japan's, Japan Inc, Asia, ING, CNBC, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Bank of America, Barclays, U.S . Federal, UBS Asset Management Locations: Dotonbori, Japan, Japan's, U.S, Mizuho's, Asia

☆ Bank of Japan has to perform a bit of a balancing act, UBS Asset Management says
▼ + stars: | 2024-03-19 | 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 EmailBank of Japan has to perform a bit of a balancing act, UBS Asset Management saysHayden Briscoe, head of Asia-Pacific multi-asset portfolio management at UBS Asset Management, discusses the direction of the Bank of Japan's monetary policy.

Persons: Hayden Briscoe Organizations: Email Bank of, UBS, Management, UBS Asset Management, Bank Locations: Email Bank of Japan, Asia, Pacific

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

There's also Kimberlyn, a Black on-air reporter at a conservative cable news outlet, played by Christina Elmore. Chozick also suggested the book “What it Takes: The Way to the White House” by Richard Ben Kramer. “You have these complicated, interesting women who all come from different backgrounds, different ideologies, different generations, and they are theoretically competitors, yet ultimately end up valuing each other over any of that," said Gugino. Throughout the episodes, the characters debate journalism ethics and ideologies and whether text, video or digital is the best medium. "Lola is arguing a point I’ve heard young journalists make or aspiring journalists make, that objectivity is sort of a myth.

Persons: Felicity Walker —, Hayden Wells Garrett, shucks, Scott Foley, Garrett, Mark Consuelos, Julie Plec, Amy Chozick, Hillary ”, ” Melissa Benoist, Sadie McCarthy, Hunter S, Thompson, Sadie's, Griffin Dunne, “, Carla Gugino, she's, There's, Christina Elmore, Lola, Natasha Behnam, Benoist, ”, “ I’ve, Chozick, Alexandra Pelosi, George, George W, Richard Ben Kramer, ” Lola, I’ve, Elmore, Foley, “ Felicity ”, Noel Organizations: —, New York Times, Texas Gov Locations: Grace, America

☆ Google restricts election-related queries for its Gemini chatbot
▼ + stars: | 2024-03-12 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Google announced it will restrict the types of election-related queries that users can ask its Gemini chatbot, adding it has already rolled out the changes in the U.S. and in India, where voters will head to the polls this spring. "Out of an abundance of caution on such an important topic, we have begun to roll out restrictions on the types of election-related queries for which Gemini will return responses," Google wrote in a blog post on Tuesday. "We take our responsibility for providing high-quality information for these types of queries seriously, and are continuously working to improve our protections." A Google spokesperson told CNBC that the changes are in line with the company's planned approach for elections.

Persons: Sundar Pichai, Gemini, Google's DeepMind, Josh Becker, screenshotting, Pichai, Sissie Hsiao, Bard Organizations: Google, CNBC, Gemini, Mobile, Democratic, Microsoft, Amazon Locations: Brussels, Belgium, U.S, India, Barcelona, California

☆ IBM is slashing jobs in marketing and communications
▼ + stars: | 2024-03-12 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

POLAND - 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. IBM on Tuesday told employees in its marketing and communications division that it's slashing the size of its staff, according to a person with knowledge of the matter. IBM said on its earnings call in January of last year that it was cutting 3,900 positions. In May, IBM announced WatsonX, billed as a development studio for companies to "train, tune and deploy" machine-learning models. Nearly two years ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners.

Persons: Jonathan Adashek, hasn't, didn't, Arvind Krishna, James Kavanaugh, Watson, Krishna Organizations: IBM, Artifical Intelligence, CNBC, Unity, Microsoft, Google, Health, Francisco Partners Locations: POLAND

☆ Kate’s doctored photo raises concerns about tools that let everyone easily edit images
▼ + stars: | 2024-03-11 | by ( Brian Fung | Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

Although celebrities have altered photos with editing tools for years, images taken of the royal family have a historical importance and are expected to be authentic. The use of image editing to present a false narrative goes back almost to the dawn of photography itself. Image tools with generative AI will allow so much more than photo manipulation because people will be able to create images from completely new scenarios. As AI images hit the mainstream, it will open up more discussions around transparency and the need to regulate usage so news outlets and the public can better spot AI-generated and augmented images, he said. Although AI image watermarks already being implemented on certain platforms, mandating that will be a challenge, Hayden said.

Persons: Catherine , Princess of Wales, Wales, Kate, ”, Princess of, Prince Louis, Prince George, Princess Charlotte, Princess, Google’s, Ramesh Raskar, who’s, Raskar, Reece Hayden, Hayden Organizations: CNN, Kensington Palace, Agence France, Presse, Reuters, Associated Press, Adobe, Google, MIT Media, Apple, Facebook, ABI Research Locations: Princess of Wales, Kensington

☆ Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
▼ + stars: | 2024-03-08 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. OpenAI on Friday announced its new board and the wrap-up of an internal investigation by U.S. law firm WilmerHale into the events leading up to OpenAI CEO Sam Altman's ouster. Sam Altman will also rejoin OpenAI's board. "We have unanimously concluded that Sam and Greg are the right leaders for OpenAI," Bret Taylor, chair of OpenAI's board, said in a release. Since then, OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers.

Persons: Sam Altman, OpenAI, WilmerHale, Sam Altman's, OpenAI's, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Adam D'Angelo, Larry Summers, Bret Taylor, Greg, Sam, Taylor, Altman, Bret, Larry, Mira Murati, Mira, Helen Toner, Tasha McCauley, Ilya Sutskever, Ilya, Elon Musk, Greg Brockman, Musk, –, Toner, McCauley, Altman's Organizations: Economic, Friday, Melinda Gates Foundation, Pfizer, Advisors, Science, Technology, Global, Sony, Sony Entertainment, Paramount Global, Meira, Inc, Shopify, OpenAI, Microsoft, Fortune, Lawyers, CNBC, SpaceX, Nvidia Locations: Davos, Switzerland, President's, OpenAI's San Francisco, U.S, Saudi Aramco

☆ 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

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

☆ Researchers tested leading AI models for copyright infringement using popular books, and GPT-4 performed worst
▼ + stars: | 2024-03-06 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

"The Perks of Being a Wallflower," "The Fault in Our Stars," "New Moon" — none are safe from copyright infringement by leading artificial intelligence models, according to research released Wednesday by Patronus AI. The company, founded by ex-Meta researchers, specializes in evaluation and testing for large language models — the technology behind generative AI products. Alongside the release of its new tool, CopyrightCatcher, Patronus AI released results of an adversarial test meant to showcase how often four leading AI models respond to user queries using copyrighted text. The four models it tested were OpenAI's GPT-4, Anthropic's Claude 2, Meta's Llama 2 and Mistral AI's Mixtral. Patronus only tested the models using books under copyright protection in the U.S., choosing popular titles from cataloging website Goodreads.

Persons: OpenAI, Anthropic's Claude, AI's, Rebecca Qian, Patronus, Qian, Meta, Gillian Flynn, Bella, Michelle Obama's Organizations: Patronus, Meta, CNBC Locations: Frankfurt, Germany, U.S

☆ 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

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.

Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI

☆ Your company knows you’re reading this story at work
▼ + stars: | 2024-03-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

But experts say that while AI tools might be new, watching, reading and tracking employee conversations is far from novel. A Chevron spokesperson told CNN the company is using Aware to help monitor public comments and interactions on its internal Workplace platform, where employees can post updates and comments. Cybersecurity company Proofpoint uses similar technology to help monitor cyber risks, such as incoming phishing scams or if an employee is downloading and sending sensitive work data to their personal email account. This would prevent employees from not sharing sensitive company data with an AI model, which could resurface in future responses. Even when employees are not on a secure work network, companies are able to monitor activity through browsers.

Persons: ”, David Johnson, “, Johnson, Slack, Reece Hayden, ” Hayden, Hayden Organizations: CNN, Walmart, Starbucks, Chevron, Forrester Research, Microsoft, Warner Brothers Discovery, Fortune, ABI Research, Meta Locations: Delta

☆ Google-backed Anthropic debuts its most powerful chatbot yet, as generative AI battle heats up
▼ + stars: | 2024-03-04 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

This time last year, Anthropic was seen as a promising generative AI startup founded by ex-OpenAI research executives. "In our quest to have a highly harmless model, Claude 2 would sometimes over-refuse," Amodei told CNBC. Multimodality, or adding options like photo and video capabilities to generative AI, whether uploading them yourself or creating them using an AI model, has quickly become one of the industry's hottest use cases. But multimodality, and increasingly complex AI models, also lead to more potential risks. "Of course no model is perfect, and I think that's a very important thing to say upfront," Amodei told CNBC.

Persons: Anthropic, Claude, Opus, OpenAI's, Asana, It's, it's, Daniela Amodei, Amodei, Moby Dick, Harry Potter, Brad Lightcap, Anthropic's Claude, We've Organizations: Monday, Haiku, Google, ChatGPT, CNBC

“We believe the claims in this suit may stem from Elon’s regrets about not being involved with the company today,” wrote OpenAI Chief Strategy Officer Jason Kwon in an internal memo on Friday that was viewed by CNBC. The next year, Musk gave nearly $20 million to OpenAI, which the attorneys reiterated was more than other backers. "We did not think either approach was right for the mission," Kwon wrote. Regarding OpenAI's transformation from an "open source foundation" to a multibillion-dollar for-profit company, Musk said, "I don't know, is this legal?" — CNBC's Lora Kolodny and Hayden Field contributed to this reportWATCH: Elon Musk lawsuit against OpenAI and Altman began a year ago

Persons: Elon Musk, Tesla, ”, Jason Kwon, Sam Altman, OpenAI, Altman, Musk, Greg Brockman, Kwon, they've, Andrej Karpathy, Karpathy, didn't, — CNBC's Lora Kolodny, Hayden Field, Elon Organizations: CNBC, Elon, Microsoft, Tesla, The New York Times, OpenAI Locations: OpenAI

☆ OpenAI rival Cohere says some AI startups build Bugatti sports cars, 'We make F-150s'
▼ + stars: | 2024-03-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

"We don't comment on rumors," Kon told CNBC. Although Cohere is often mentioned alongside AI heavyweights like OpenAI, Anthropic, Google and Microsoft , the startup's focus on enterprise-only chatbots has set it apart. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman. Cohere's relationships with strategic investors are another area where it differs from generative AI competitors, Kon said. Search, Kon said, is a key piece of generative AI that's getting less attention than other areas.

Persons: Martin Kon, Kon, OpenAI, Cohere, It's, Anthropic, Claude chatbot, who's, Sam Altman, it's, Nvidia –, Lina Khan, That's Organizations: Bugatti, CNBC, Google, Nvidia, Cohere, Salesforce, Oracle, Company, White, Microsoft, Enterprise, Federal Trade Commission Locations: Cohere's

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ Google’s Gemini AI picture generator to relaunch in a 'few weeks' following mounting criticism of inaccurate images
▼ + stars: | 2024-02-26 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

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

☆ Financial advisors say dividend stocks can be good for young investors, but they still require a deliberate strategy
▼ + stars: | 2024-02-22 | by ( Kena Shah | Avril Ayers | ) www.businessinsider.com time to read: +5 min

"Dividend funds hope to offer dividend income. AdvertisementDue to their slower growth, dividend-paying stocks are often more reliable than growth stocks, making them a good addition to a young person's investment portfolio for diversification. For example, adding a few dividend-paying stocks to a portfolio of volatile growth stocks can offer diversification. Particularly for young people just getting started with investing, dividend stocks are a good way to learn, says Michael Dinich, a financial advisor. Dividend-paying stocks are also safe for the most part in comparison to growth stocks.

Persons: —, Casey Hayden, Alissa Musto, Julie George, George, Michael Dinich, Hayden Organizations: Service

☆ I'm an American who's lived in Nepal for 7 years. Adjusting to life here came with a steep learning curve.
▼ + stars: | 2024-02-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Hayden Rue, an American traveler, shares what it's like to live in Nepal. AdvertisementThis as-told-to essay is based on a conversation with Hayden Rue, a 32-year-old expat who's lived in Nepal since 2016. Hayden Rue in Lumbini with World Bank Project. Hayden Rue in Patan Durbar Square. Hayden Rue lived in Kathmandu Valley when he first moved to Nepal.

Persons: Hayden Rue, Rue, —, who's, I've, Hayden, I'm Organizations: Service, Peace Corps, World Bank, Bank, Hayden Locations: American, Nepal, Salem , Oregon, West Coast, Lumbini, Patan Durbar, Kathmandu, Kathmandu Valley, Pokhara, Syangja, Khumai, Sri Lanka

☆ The Great Compression
▼ + stars: | 2024-02-17 | by ( Conor Dougherty | ) www.nytimes.com time to read: +1 min

Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. When relatives come to visit, Mr. Lanter says jokingly, but only partly, they have to tour one at time. Each of these details amounts to something bigger, for Mr. Lanter’s life and the U.S. housing market: a house under $300,000, something increasingly hard to find. Mr. Lanter’s house could easily fit on a flatbed truck, and is dwarfed by the two-story suburban homes that prevail on the blocks around him. For Mr. Lanter and his neighbors, it’s a chance to hold on to ownership.

Persons: Robert Lanter, Lanter, Lanter’s, Hayden, it’s Locations: Redmond , Ore, Cinder

☆ Microsoft, Google, Amazon and tech peers sign pact to combat election-related deepfakes
▼ + stars: | 2024-02-16 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024 elections. The industry is specifically targeting deepfakes, which use deceptive audio, video and images to mimic key stakeholders in democratic elections or to provide false voting information. Microsoft , Meta , Google , Amazon , IBM , Adobe and chip designer Arm all signed the accord. News of the accord comes a day after ChatGPT creator OpenAI announced Sora, its new model for AI-generated video. The accord reflects the industry's effort to take on "AI-generated election misinformation that erodes trust," he said.

Persons: Sam Altman, OpenAI, Sora, Kent Walker, Christina Montgomery Organizations: Economic, Microsoft, Meta, Google, IBM, Adobe, Tech Locations: Davos, Switzerland

Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Nvidia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips, which underpin powerful AI models from Google, Amazon, OpenAI and others. TuSimple, an autonomous trucking company, rocketed 40% on Thursday after the disclosure of Nvidia's $3 million stake. Nvidia bought $50 million worth of shares in 2023 and now has an investment worth $76 million, according to its filing. In recent years, Nvidia has backed hot AI startups including Cohere, Hugging Face, CoreWeave and Perplexity.

Persons: Jensen Huang, SoundHound, TuSimple, what's, Nvidia's, they're, Jonathan Cohen Organizations: Nvidia, Investors, Apple, Microsoft, Google, Zebra, Nasdaq, Committee Locations: Taipei, U.S, SoundHound, TuSimple

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