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The results also showed early signs that the company’s investments in generative artificial intelligence were beginning to bolster sales, most notably reversing what had been slowing growth of the company’s important cloud computing product. The company had $56.5 billion in sales in the three months that ended in September, up 13 percent from a year earlier. wouldn’t start producing meaningful results until after the start of 2024, when more products become widely available. The company and its competitors are racing to put generative A.I. provider, thanks to its partnership with — and $13 billion investment in — the start-up OpenAI, which introduced the chatbot ChatGPT almost a year ago.
Organizations: Microsoft,
Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business. Alphabet has prioritized snaring AI startups as customers for its cloud division, while Microsoft has relied on its existing relationships to secure larger customers. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year. Quite surprising to see strong growth reacceleration in the Azure Cloud segment, which is clearly driven by AI-as-a-service related demand," said Global X analyst Tejas Dessai.
Persons: Microsoft's, Bob O'Donnell, Bing, Bard, Amy Hood, Krishna Chintalapalli, capex, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Stephen Nellis, Sayantani Ghosh, Sonali Paul Organizations: Microsoft, Wall, Microsoft's, TECHnalysis, Parnassus Investments, DAZZLES, Alpha, RBC Capital Markets, Reuters Graphics Microsoft, Tejas Dessai, AWS, Thomson Locations: Bengaluru, Anna, San Francisco
OpenAI is in talks to complete a deal that would value the company at $80 billion or more, nearly triple its valuation less than six months ago, according to a person with knowledge of the discussions. The company would sell existing shares in a so-called tender offer led by the venture firm Thrive Capital that would make OpenAI the most valuable start-up in San Francisco, that person said. Amazon said last month that it would invest up to $4 billion in another San Francisco start-up, Anthropic, one of OpenAI’s primary competitors. Over the summer, Cohere, a company founded by former Google researchers, raised $270 million, bringing its total funding to more than $440 million. Inflection AI, founded by a former Google executive, raised a $1.3 billion round, bringing its total to $1.5 billion.
Persons: OpenAI, Amazon Organizations: Google Locations: San Francisco
chatbot ChatGPT last year, the San Francisco start-up OpenAI added digital guardrails meant to prevent its system from doing things like generating hate speech and disinformation. Now a paper from researchers at Princeton, Virginia Tech, Stanford and IBM says those guardrails aren’t as sturdy as A.I. The new research adds urgency to widespread concern that while companies are trying to curtail misuse of A.I., they are overlooking ways it can still generate harmful material. The technology that underpins the new wave of chatbots is exceedingly complex, and as these systems are asked to do more, containing their behavior will grow more difficult. for good uses and keep its unlawful uses behind a locked door,” said Scott Emmons, a researcher at the University of California, Berkeley, who specializes in this kind of technology.
Persons: chatbot ChatGPT, Bard, , Scott Emmons Organizations: Princeton, Virginia Tech, Stanford, IBM, Companies, University of California Locations: San Francisco, Berkeley
The logo of generative AI chatbot ChatGPT, which is owned by Microsoft-backed company OpenAI. Generative AI, which enables AI algorithms to generate humanlike, realistic text and images in response to textual prompts, is trained on vast quantities of data. Job postings on LinkedIn that mention either AI or generative AI more than doubled globally between July 2021 and July 2023, according to the jobs and networking platform. Mesh AI, a digital transformation-focused consulting firm, says that human feedback can help AI models learn mistakes they make through trial and error. WATCH: Adobe CEO on new AI models, monetizing Firefly and new growth
Persons: Morgan Stanley, Phelim Bradley, Bradley, ethicists, , Hume, Alan Cowen, Hume's, there's, Michael Chalmers Organizations: Microsoft, Future Publishing, Meta, Google, University of Oxford and University College London, CNBC, Oxford Science Enterprises
Berkshire Hathaway's vice chairman Charlie Munger is skeptical of the sudden hype around AI. AdvertisementAdvertisementWarren Buffett's right-hand man Charlie Munger is an AI skeptic and is not sold on the hype surrounding it, Fortune reported Friday . 99-year-old Munger, vice chairman of Berkshire Hathaway since 1978, spoke at Zoom's Zoomtopia conference on Thursday and said that AI is essentially overhyped. "I think it's getting a huge amount of hype," Munger said, per Fortune. Munger expressed similar sentiments about AI at his newspaper the Daily Journal's annual meeting earlier this year.
Persons: Charlie Munger, , Warren Buffett's, Fortune, Munger, We've, we've, OpenAI, ChatGPT, It's, Buffett Organizations: Berkshire Hathaway's, Service, Berkshire Hathaway, Daily, Daily Journal, Berkshire
Meta in 2020 officially formed the Responsible AI (RAI) team with about 30 members of staff. Over the last year, the group's numbers have dwindled, according to five people familiar with the company and its AI work. A shrinking of the RAI team comes at a time when AI has become a global phenomenon . The Responsible AI team was restructuredJerome Pesenti, who was vice president of Meta's AI group, including the RAI team, left last summer and founded his own AI company Sizzle AI. Compliance is important work as RAI workers try to keep Meta's AI work in line with upcoming rules and regulations .
Persons: it's, Mark Zuckerberg's, Meta, Zuckerberg, They're, Jerome Pesenti, Mike Schroepfer, Andrew, Boz, Bosworth, Pesenti, Esteban Arcaute, Kali Hays Organizations: Meta, RAI, Facebook, Social, Twitter Locations: khays@insider.com, @hayskali
Mira Murati wasn't always sure OpenAI's generative chatbot ChatGPT was going to be the sensation it has become. "In 2019, we had GPT3, and there was the first time that we had AI systems that kind of showed some sense of language understanding. And if you really think about it, that hasn't really been revolutionized in decades." Murati envisions users being able to talk with ChatGPT the same way they might chat with a friend or a colleague. "And so that's really where we're going — towards these systems that will eventually be able to help us with extremely hard problems.
Persons: Mira Murati wasn't, Atlantic Festival, Murati, You'll, Jony Ives, OpenAI, we're, ChatGPT Organizations: Atlantic, Apple
Job postings on LinkedIn that mention AI or generative AI have increased significantly since 2021. Overall, job seekers are keen to snap up these roles because some pay over $100,000. AdvertisementAdvertisementThe number of jobs postings on LinkedIn that mention AI or require AI skills have increased significantly since 2021 and jobs seekers are keen to snap up these jobs, new LinkedIn data shows. These changes are already showing up as job postings that mention AI or generative AI have more than doubled globally in the past two years, per LinkedIn's data. There's been a rapid increase in interest around AI skills in the past year since the launch of OpenAI's chatbot ChatGPT in November 2022.
Persons: , There's, ChatGPT Organizations: Service, LinkedIn, Global Locations: Canada
Visa launches $100 mln venture fund for generative AI startups
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
Credit card is seen in front of displayed Visa logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 2 (Reuters) - Payments processor Visa (V.N) on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year. Several high-profile names such as Microsoft (MSFT.O) and Alphabet's (GOOGL.O) Google have backed the AI space, a buzzword in technology circles this year, after chatbot ChatGPT's popularity. Generative AI is a technology that creates brand new content based on what it has learnt from past data. Reporting by Niket Nishant in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Jack Forestell, Niket, Shilpi Majumdar Organizations: REUTERS, Monday, Microsoft, Google, Thomson Locations: Bengaluru
Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. "AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software," Gerstner said at CNBC Delivering Alpha Investor Summit on Thursday in New York. The widely followed tech investor called the rise of AI a "super-cycle" just like the dotcom boom in the late 1990s. Gerstner said he's grown hopeful about the coming years as the Federal Reserve nears the end of its tightening cycle. Learn more about CNBC's Delivering Alpha investor summit here.
Persons: Brad Gerstner, Gerstner, chatbot, he's, we're Organizations: CNBC Delivering Alpha, Nvidia, Federal Reserve, Microsoft, Alpha Locations: New York
[1/3] AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 26 (Reuters) - Apple's (AAPL.O) former design chief, Jony Ive, and OpenAI CEO Sam Altman have been discussing building a new artificial intelligence (AI) hardware device, The Information reported on Tuesday, citing two people familiar with the matter. SoftBank (9984.T) CEO Masayoshi Son has also been involved in some aspects of the conversation but it is unclear if he will remain involved, the report said. Ive and LoveFrom could not be reached for comment. Ive left Apple in 2019 and subsequently co-founded design firm LoveFrom with fellow designer Marc Newson.
Persons: Dado Ruvic, Jony Ive, Sam Altman, SoftBank, Masayoshi Son, OpenAI, Steve Jobs, Marc Newson, Evelyn Nikhila, Savio D'Souza Organizations: REUTERS, Apple, Ferrari, Microsoft, Thomson Locations: Bengaluru
iPhone designer Jony Ive and ChatGPT-head Sam Altman may be building an AI product togetherMasayoshi Son, CEO of SoftBank, is also looped into their conversations, The Information reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The potential AI product is still shrouded in mystery. The announcement of the potential AI hardware product comes as tech companies like Google, Microsoft, and Amazon race to build AI technology in an effort to beat OpenAI's conversational AI chatbot ChatGPT. Meanwhile, as for the CEO of SoftBank, Son is no stranger to ChatGPT.
Persons: Jony, Sam Altman, Son, It's, , OpenAI's ChatGPT, Jony Ive, OpenAI, Masayoshi, SoftBank, SoftBank didn't, ChatGPT, LoveFrom, King Charles III Organizations: Service, OpenAI's, Google, Microsoft, Apple, Ferrari, Astra, CNBC Locations: OpenAI
Sam Altman tracked how quickly Y Combinator founders responded to his daily emails and texts. During that time, he kept notes on how quickly founders responded to his daily emails and texts, according to New York Magazine's Elizabeth Weil. Neither Altman's blog post nor the New York Magazine profile specified Altman's expected response times to texts and emails. Altman responded that he had written a program to look at how quickly Y Combinator's best founders answer his emails versus the "bad" ones. It was a difference of minutes versus days on average response times," Altman said at the time.
Persons: Sam Altman, , Sam Altman —, Altman, New York Magazine's Elizabeth Weil, Tyler Cowen, Tyler, Y, OpenAI Organizations: New York Magazine, Service, OpenAI, Stanford University, York Magazine Locations: New York
Artificial intelligence takes a lot of compute power, and Microsoft is putting together a road map for powering that computation with small nuclear reactors. However, Microsoft has publicly committed to pursuing nuclear energy from an innovator in the fusion space. In May, Microsoft announced it signed a power purchase agreement with Helion, a nuclear fusion startup, to buy electricity from it in 2028. Interest in nuclear energy has increased alongside concerns about climate change in recent years, as nuclear reactors generate electricity without releasing virtually any carbon dioxide emissions. Nuclear energy also makes up 47% of America's carbon-free electricity in 2022, according to the U.S. Department of Energy.
Persons: Satya Nadella, ChatGPT, Bill Gates, Microsoft's, Sam Altman, they're Organizations: Microsoft, Modular Reactor, CNBC, Helion, U.S . Energy Information Administration, U.S . Department of Energy Locations: Redmond , Washington, OpenAI, Helion, U.S
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 20 (Reuters) - OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts. Dall-E 3 will be available to ChatGPT Plus and Enterprise customers in October via the API, the company said. OpenAI said the latest version of the tool will have more safeguards such as limiting its ability to generate violent, adult, or hateful content. OpenAI said creators could opt out of using some or all of their work used to train future text-to-image tools. OpenAI's race to create accurate text-to-image AI tools has several competitors, including Alibaba's Tongyi Wanxiang, Midjourney and Stability AI, who continue to refine their image-generating models.
Persons: Dado Ruvic, Dall, ChatGPT, " DALL, OpenAI, Tongyi, John Grisham, George R.R, Martin, Chandni Shah, Subhranshu Sahu Organizations: REUTERS, Enterprise, Washington D.C, Thomson Locations: Washington, Bengaluru
Uber Eats to roll out AI features, more payment options
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +1 min
A delivery worker with a backpack of Uber Eats rides a bike in Nice, France, October 25, 2022. REUTERS/Eric Gaillard Acquire Licensing RightsSept 20 (Reuters) - Uber Technologies (UBER.N) will accept more payment options on its food delivery platform and roll out an artificial intelligence (AI)-powered assistant to help users find deals and explore different food options, the company said on Wednesday. Uber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". Food delivery platforms have been investing in AI as they attempt to offer a more curated service and make their apps more convenient. Uber said it has also tied up with federal healthcare programs such as Managed Medicaid and Medicare Advantage, and would begin accepting relevant waiver payments on both Uber and Uber Eats in 2024.
Persons: Eric Gaillard, OpenAI, Uber, Arsheeya, Shilpi Majumdar Organizations: REUTERS, Technologies, Bloomberg News, Assistance, Thomson Locations: Nice, France, Bengaluru
New York CNN —A group of famous fiction writers joined the Authors Guild in filing a class action suit against OpenAI on Wednesday, alleging the company’s technology is illegally using their copyrighted work. Martin, Jodi Picoult, John Grisham and Jonathan Franzen are among the 17 prominent authors who joined the suit led by the Authors Guild, a professional organization that protects writers’ rights. “Generative AI threatens to decimate the author profession,” the Authors Guild wrote in a press release Wednesday. Two other authors sued OpenAI in June over the company’s alleged misuse of their works to train ChatGPT. Authors should have the right to decide when their works are used to ‘train’ AI,” author Jonathan Franzen said in the release on Wednesday.
Persons: OpenAI, George R.R, Martin, Jodi Picoult, John Grisham, Jonathan Franzen, Mary Rasenberger, , Sarah Silverman, Silverman –, ” Sam Altman, Rasenberger, James Patterson, Roxane Gay, Margaret Atwood —, Organizations: New, New York CNN, OpenAI, Authors, of, CNN, Amazon, Meta, San, Microsoft Locations: New York, Southern, of New York, San Francisco federal
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. In addition to Microsoft-backed (MSFT.O) OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems. Other authors involved in the latest lawsuit include "The Lincoln Lawyer" writer Michael Connelly and lawyer-novelists David Baldacci and Scott Turow. The complaint said ChatGPT generated accurate summaries of the authors' books when prompted, indicating that their text is included in its database. It also cited growing concerns that authors could be replaced by systems like ChatGPT that "generate low-quality ebooks, impersonating authors and displacing human-authored books."
Persons: Dado Ruvic, OpenAI, John Grisham, Jonathan Franzen, George Saunders, Jodi Picault, George R.R, Martin, Michael Connelly, David Baldacci, Scott Turow ., Mary Rasenberger, Blake Brittain, David Bario, Daniel Wallis Organizations: REUTERS, Microsoft, Authors, Meta, Lincoln, Thomson Locations: Manhattan, Washington
The new round, led by T. Rowe Price, could mark the last round of private funding as the data company gears up for the public market. Chipmaker Nvidia (NVDA.O), another beneficiary of the AI boom, and credit card firm Capital One Financial (COF.N), also participated in the latest funding round. AI, the latest buzzword in the technology space, has captivated the interest of investors from Silicon Valley to Wall Street. Its latest valuation is over 13% more than the $38 billion the San Francisco-based company was worth after its last fundraise in 2021. The company has raised $4 billion since inception.
Persons: Rowe Price, Ali Ghodsi, Ghodsi, Andreessen Horowitz, Baillie Gifford, Morgan, Weeks, Databricks, Niket, Krystal Hu, Dhanya Ann Thoppil Organizations: Nvidia, Reuters, Fidelity Management & Research, Tiger Global, Thomson Locations: Silicon Valley, Wall, Francisco, Bengaluru, Hong Kong
Those lawyers and representatives for OpenAI did not immediately respond to requests for comment on Monday. The lawsuit is at least the third proposed copyright-infringement class action filed by authors against Microsoft-backed OpenAI. Companies, including Microsoft (MSFT.O), Meta Platforms (META.O) and Stability AI, have also been sued by copyright owners over the use of their work in AI training. OpenAI and other companies have argued that AI training makes fair use of copyrighted material scraped from the internet. The lawsuit requested an unspecified amount of money damages and an order blocking OpenAI's "unlawful and unfair business practices."
Persons: Dado Ruvic, Michael Chabon, Chabon, David Henry Hwang, Matthew Klam, Rachel Louise Snyder, Ayelet Waldman, ChatGPT, Blake Brittain, David Bario, Aurora Ellis Organizations: REUTERS, Microsoft, OpenAI, San, Thomson Locations: San Francisco, Washington
Elon Musk felt left out when generative AI started to gather steam, his biographer said. The excerpt from Walter Isaacson's upcoming biography of Musk was published in Time. In the excerpt, which was published in Time, Musk felt he'd been left out of the AI boom after OpenAI released GPT-4 to the public and Google launched its Bard chatbot. Despite this, Musk officially launched his own AI venture, xAI, in July this year. However, an August report in The New Yorker said, the Tesla CEO was building his own AI venture at a similar time.
Persons: Elon Musk, Musk, Walter Isaacson's, he'd, OpenAI, chatbot ., Elon Musk OpenAI, OpenAI's, Tesla Organizations: Service, Google, Elon, Microsoft, New Yorker Locations: OpenAI, Wall, Silicon, New
REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSTOCKHOLM, Sept 7 (Reuters) - UNESCO on Thursday published its first guidance on use of Generative AI (GenAI) for education, urging governmental agencies to regulate the use of the technology, including protection of data privacy and putting an age limit for users. Students have also taken a liking for GenAI, which can generate anything from essays to mathematical calculations with just a few line of prompts. Among a series of guidelines in a 64-page report, UNESCO stressed on the need for government-sanctioned AI curricula for school education, in technical and vocational education and training. While China has formulated rules on GenAI, the European Union's AI Act is likely to be approved later this year. The Paris-based agency also sought to protect the rights of teachers and researchers and the value of their practices when using GenAI.
Persons: Dado Ruvic, OpenAI, GenAI, ChatGPT, Bard, Stefania Giannini, Supantha Mukherjee, Aurora Ellis Organizations: REUTERS, Rights, UNESCO, Microsoft, Reuters, Thomson Locations: Rights STOCKHOLM, China, Paris, Stockholm
A TV network's founder has said he's not sure a recent "Trump" interview was really him. In a phone-in on Real America's Voice, the caller sounded glitchy and stilted. Real America's Voice streamed the audio-only interview on Thursday, with hosts John Solomon and Amanda Head. "It's not AI, it was President Trump," he told The Daily Beast. AdvertisementAdvertisementRepresentatives for Real America's Voice and its owner, Performance One Media LLC, did not immediately respond to Insider's out-of-hours requests for comment.
Persons: he's, Donald Trump, John Solomon, Amanda Head, Joe Biden, Trump, Robert J Sigg, Solomon, Ron DeSantis Organizations: Real America's Voice, Morning, Trump, Daily, America's, Truth, Gov
"We have to ensure that AI remains subject to human control. Generative AI is a type of artificial intelligence technology that can generate content such as text, images, code and more. AI impact on jobsMeanwhile, the explosive growth of AI has workers worrying that their jobs could be replaced by the technology. A Goldman Sachs report in March said generative AI could impact as many as 300 million jobs around the world. The Microsoft executive pointed out that AI is a tool that supplements human work, and not one that replaces jobs.
Persons: Brad Smith, Smith, it's, we've, CNBC's Martin Soong, We've, Goldman Sachs Organizations: CNBC, Tech, Microsoft Locations: New Delhi
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