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"I don't think we should take away from this that we shouldn't take risks," Reid said. When we find new problems, we should do the extensive testing but we won't always find everything and that just means that we respond." Reid's comments come at a critical moment for Google, which is scrambling to keep pace with OpenAI and Microsoft in generative AI. "You may have seen stories about putting glue on pizza, eating rocks," Reid told employees at the all-hands meeting. Reid was introduced on stage by Prabhakar Raghavan, who runs Google 's knowledge and information organization.
Persons: Liz Reid, Reid, OpenAI, Sundar Pichai, Barack Obama, America's, Prabhakar Raghavan, we've, we're Organizations: CNBC, Google, Microsoft
At the Worldwide Developers Conference on Monday, the company introduced Apple Intelligence, an in-house suite of AI services coming to devices this fall. Starting later this year, Apple users will have free access to OpenAI's ChatGPT model without having to create an account. Advertisement"I think it's brilliant," said Maribel Lopez, an AI analyst and founder of research and strategy consulting firm Lopez Research. AdvertisementThe opt-out ability on Apple devices offers customers a modicum of control amid the coming freight train of AI, Lopez added. Meanwhile, much of the marketing for Apple Intelligence already appears to be focused on safety and privacy protection, with advertisements boasting a "brand-new standard for privacy in AI."
Persons: , OpenAI, Siri, Apple, Maribel Lopez, Lopez, Sam Altman doesn't Organizations: Service, Worldwide, Apple Intelligence, OpenAI, Business, Apple, Lopez Research, New York Times
The generative AI boom is already having a big impact on payments companies like Visa. Generative AI is being used to reduce fraud and improve the customer experience. Here's how much firms like Capital One, Visa, and PayPal offer to pay AI workers. At Visa, one AI tool that detects fraud prevented $27 billion in fraudulent purchases in 2022, the company told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Visa, PayPal, Service, Business
Related VideoStill, those 50-64 were most likely to work fully remotely, while those 20-29 were least likely. That means they can afford to be fully remote and might feel really comfortable doing things on their own," Barrero said. So that muscle memory might push them to come in more often than younger workers who embrace hybrid." Indeed, many older workers BI has spoken to are divided on whether they want to be in-office or at home — but they're willing to leave roles that don't cater to their preferences. Do you strongly prefer in-office or remote work?
Persons: , Gen Zers, millennials, Nick Bloom, Alex Finan, Jose Maria Barrero, Instituto Tecnológico Autónomo, Barrero, Dennis C, I'm, Charles Bond, they're, Bond Organizations: Service, Business, Employees, Stanford University, Instituto Tecnológico, Business School
Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on Monday after the iPhone maker announced a partnership with OpenAI. In a series of posts on his social media platform X, Musk shared concerns about whether Apple and OpenAI will protect users' information. He specifically said that Apple devices would be banned if the company "integrates OpenAI at the OS level," referring to Apple's operating system. Musk replied directly to a post from Apple CEO Tim Cook and claimed he will ban Apple devices from his companies' premises unless Cook decides to "stop this creepy spyware." He added that his companies' visitors will be asked to check their Apple devices at the door.
Persons: Elon Musk, The Beverly Hilton, Musk, Apple, Siri, ChatGPT, Tim Cook, Cook, He's, Sam Altman, OpenAI, Altman, didn't, , Steve Kovach, Lora Kolodny, Tesla Organizations: SpaceX, Tesla, The Beverly, OpenAI, Apple, CNBC, Company Locations: Beverly Hills , California, U.S
The UConn coach declined a six-year, $70 million contract offer from the Los Angeles Lakers to become the team’s next head coach, team and league sources confirmed Monday. Los Angeles would have made Hurley one of the NBA’s six highest-paid coaches. Lakers vice president of basketball operations Rob Pelinka and team governor Jeanie Buss made an aggressive pitch to Hurley in Los Angeles on Friday. The Lakers are open to any contract structure that will keep James in Los Angeles, league sources told The Athletic. History repeats itself for the Los Angeles Lakers.
Persons: Jovan Buha, Brendan Quinn, Dana O’Neil Dan Hurley, Hurley, John Wooden, Rob Pelinka, Jeanie Buss, Dan Hurley didn’t, Ham, , podcaster JJ Redick, James Borrego, Anthony Davis, Redick, LeBron James, James, Mike Krzyzewski, Laker Kobe Bryant, K, Dan Hurley, Mike Vorkunov, Tom Izzo, Billy Donovan, Donovan, he’ll, Donovan Clingan, Tristen Newton, Alex Karaban, Hassan Diarra, Jaylin Stewart, Chris Coduto Organizations: NBA, UConn, Los Angeles Lakers, NCAA, UCLA, Lakers, ESPN, New Orleans Pelicans, of Fame, Duke, Laker, Michigan State, Cleveland Cavaliers, Orlando Magic, Big Locations: Angeles, Los Angeles, Storrs, Conn, Florida, Connecticut
CNN —Secret Service and Chicago police officials are ramping up preparations for the Democratic National Convention in August, with officers receiving training ranging from First Amendment rights to handling violent protests and mass arrests. Democrats are poised to nominate President Joe Biden for reelection at their Chicago convention. The Chicago Police Department’s Crime Prevention and Information Center will serve as its command center to monitor all convention-related events citywide, including protests. We are planning for real-world possibilities,” said Jeff Burnside, the Secret Service coordinator for the Democratic convention. Meanwhile, Chicago police officers have been holding drills on a wide range of potential scenarios — including violent protests, extracting individuals from hostile crowds, medical emergencies and more.
Persons: Kimberly Cheatle, Joe Biden, Cheatle, ” Cheatle, “ You’ve, you’ve, al, , Jeff Burnside, Larry Snelling Organizations: CNN, Chicago, Democratic National Convention, United Center, Democratic, The Chicago Police, Service, Illinois State Police, FBI, Alcohol, Tobacco, Firearms, Explosives, Federal, National Counterterrorism Center, Department of Homeland Security, ISIS, al, Republicans, Chicago Police Locations: Chicago, Gaza, Vietnam, Milwaukee
Hunter Biden has pleaded not guilty to charges of illegally purchasing and possessing a gun while abusing or being addicted to drugs, a violation of federal law. Another question probed whether potential jurors or their close associates had ever sought treatment for drug use. During their, at times, emotional answers, prospective juror after juror described how drug use had afflicted people they knew. About 42% of adults in the United States say they personally know at least one person who died from a drug overdose, according to survey findings published earlier this year by the nonprofit research institute RAND Corporation. In addition to illuminating the sheer number of Americans impacted by addiction, Hunter Biden’s trial is also creating critical awareness around the very language used to describe drug use.
Persons: Hunter Biden, Wilmington’s J, Caleb Boggs, , , Scott Hadland, Hunter Biden’s, Andy Mendenhall, Bob Day, McPhillips, Marshall Cohen, Jacqueline Howard Organizations: Mental Health Services Administration, CNN, RAND Corporation, Children, Concern, Portland Police Locations: Delaware, United States, Oregon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.
Persons: , Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US
CNN —Dr. Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases, testified on Monday at a House subcommittee hearing about the US response to the Covid-19 pandemic and the origins of the virus. The hearing was Fauci’s first public testimony on Capitol Hill since his retirement from government service. It turned contentious at times as Republicans grilled Fauci over a wide range of topics, including the basis for public health recommendations during the pandemic and email use by public health officials. Fauci said there was a “disconnect between the health-care system and the public health system” during Covid-19 in the US. That’s in large part why public health agencies emphasized the importance of people wearing masks to reduce the number of germs that could float in the air and make people sick.
Persons: Anthony Fauci, Fauci, ” Fauci, Morens, David Morens, , — Jeremy Farrar, Kristian Andersen, , Debbie Dingell, “ They’re Organizations: CNN, National Institute of Allergy, Capitol, US Centers for Disease Control, National Institutes of Health, NIH, FOIA, Wellcome, Scripps Research, World Health Organization, Wuhan Institute of Virology, US Department of Energy, Democratic, CDC Locations: Covid, , China
Barra sold more than $27 million worth of stock on May 28, joining several other GM insiders who have done similar trades this year. Meanwhile, Benioff sold more than $12 million worth of shares over the course of several days. Salesforce CEO Benioff sold 45,000 shares at an average price of $270.70 for a total of $12.18 million. The biggest move came from two insiders at a small investment firm — Oxford Lane Capital — who combined to buy $50 million worth of the stock. Claros Mortgage CEO Richard Mack bought 160,000 shares at an average price of $7.20 for a total of $1.15 million.
Persons: Mary Barra, Marc Benioff, Barra, Benioff, execs, Verity, Salesforce's, General Motors CEO Barra, Anthony Casalena, Brice Hill, Gerald Morgan, Cameron Breitner, Jonathan Cohen, Saul Rosenthal, Joseph Adams Jr, John Rakolta Jr, Richard Mack, , Nick Wells Organizations: VerityData, General Motors CEO, Texas, Lane Capital —, Capital Partners, Oxford Lane Capital, FTAI Aviation, Petco, Wellness, Claros Locations: 10b5
A Chinese flag in Pudong's Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. China has alleged that the British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday. The ministry said the case against the two spies, a married couple, is under further investigation. In January, China revealed an espionage case in which it said MI6 used a foreigner in China to collect secrets and information. Britain in April charged two people with providing prejudicial information to China and last month charged three people with assisting Hong Kong's foreign intelligence service in Britain.
Persons: Hong Organizations: British Secret Intelligence Service, State Security Ministry Locations: Lujiazui, Shanghai, China, Britain
When my editor asked me to track all the ads I saw in a day, I wasn't sure how it would go. To personalize Google ads, for example, you can go to "My Ad Center" and opt to turn personalized ads on or off in the top-right corner. If you turn them on, Google will use the information it collects about you to give you more personalized ads. I decided to keep personalized ads off for Google because that's how I usually have it. I also found some of the TikTok ads interesting or helpful.
Persons: , Elon Musk's X, Instagram, I'm, Ana Altchek, I've Organizations: Service, Business, Google, Facebook, YouTube, Urban Outfitters, Netflix, Amazon, Spotify
According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.
Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, , Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang
Advertisement"The military logic of allowing Ukraine to use weapons against targets in Russia is straightforward," he said, but "there are structural limits, which Ukraine is now facing." AdvertisementOn Tuesday, France said Ukraine should be allowed to use Western weapons to hit targets in Russia — but only sites that Russia is using to launch attacks on Ukraine. Related storiesThree unnamed officials told Politico on Thursday that Ukraine can now use US-supplied weapons to strike inside Russia. AdvertisementUkraine could also struggle to develop the intelligence needed to find and quickly strike targets farther inside Russia. Advertisement"This does not mean that allowing Ukraine to hit targets in Russia will not help — but it is clearly not a silver bullet to win the war," he said.
Persons: , Keir Giles, should've, Alexander Libman, Vladimir Putin, hadn't, Volodymyr Zelenskyy, Giles, John Hardie Organizations: Service, Business, Chatham House's, Eurasia Programme, Free University of Berlin, NATO, Politico, Times, Russia's, Foundation for, Defense of Democracies, Ukraine, New York Times, EU, intel Locations: Russia, Ukraine, Chatham House's Russia, Eurasia, Kharkiv, Ukraine's, France, Ukrainian, London, Russian
SINGAPORE — Singapore is pushing for green data centers as the explosive demand for artificial intelligence puts a strain on energy resources. The city-state launched a green data center roadmap on Thursday to support its ambitions for the digital economy as demand for AI and computing grows. The roadmap aims to provide at least 300 megawatts of additional capacity in the near term, with more through "green energy deployments." Plans to provide additional data center capacity include raising energy efficiency of all data centers in Singapore, deploying energy-efficient IT equipment as well as offering incentives or grants for resource efficiency. The AI boom has boosted demand for data centers which house large amounts of data required to train and deploy AI models, making them extremely energy intensive.
Persons: Janil Puthucheary, IMDA, Tony Blair Organizations: State for Communications, Media Development Authority, Tony Blair Institute for Global Locations: SINGAPORE — Singapore, Singapore
Federal graduate school loans are more expensive, too, with higher interest rates than loans for undergraduate studies. On top of that, 55% of master's degree-holders have debt from both their undergraduate and graduate studies, owing an average total of over $69,000. Similar to undergraduate degrees, science, technology, engineering and math-related master's degrees tend to lead to higher-paying salaries compared with degrees in the arts and humanities. That said, these are the 10 master's degrees with the highest average starting salaries for the class of 2022, according to the National Association of Colleges and Employers. In fact, fewer than 60% of master's degree programs deliver a positive return on investment, according to a recent study by The Foundation for Research on Equal Opportunity.
Persons: FREOPP Organizations: Bureau of Labor Statistics, National Center for Education Statistics, Federal, National Association of Colleges, Computer, Liberal, The Foundation, Research, Education's, CNBC
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on March 5, 2024 in Paris, France. As meme stocks like GameStop temporarily surged this month, it appears meme coins are having a moment as well. But before you consider investing in cryptocurrency, it's important to understand the difference between meme coins, altcoins and bitcoin. And although every meme coin is an altcoin, every altcoin isn't necessarily a meme coin. "Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse," he says.
Persons: shiba, Pepe, Bitcoin, Satoshi Nakamoto, Nakamoto, Altcoins Altcoins, James Royal, you'll Organizations: GameStop, U.S ., CNBC, Federal Trade Commission Locations: Paris, France, cryptocurrency, stablecoins
Hong Kong CNN —A rebound in Apple’s iPhone sales in China is gaining momentum, after the company aggressively cut prices in its largest overseas market to lure back consumers actively hunting bargains in a weak economy. The increase is a major acceleration from the 12% growth logged in March by foreign-branded smartphones, according to previous data from CAICT. But iPhone sales started to bounce back in March after Apple and its retail partners slashed prices, according to CAICT data. The hefty reductions are “the only way” for Apple to defend its market share in China, Jefferies analysts said earlier this week. That will help Apple regain its lost market share but is also likely to put pressure on its competitors to cut prices further.
Persons: Apple, Jefferies, Organizations: Hong Kong CNN, CNN, China Academy of Information, Communications Technology, Ministry of Industry, Information Technology, Global Times, Apple, Counterpoint Research, Huawei, Alibaba, Xiaomi Locations: China, Hong Kong
China chip industry gets $47.5 billion in new funding
  + stars: | 2024-05-27 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Worth $47.5 billion, the fund is being created as the US imposes sweeping restrictions on the export of American chips and chip technology in a bid to throttle Beijing’s ambitions. The latest investment vehicle is the third phase of the China Integrated Circuit Industry Investment Fund. The first phase of the fund was set up in 2014 with 138.7 billion yuan ($19.2 billion). In 2022, the country’s anti-graft watchdog launched a crackdown on the semiconductor industry, investigating some of China’s top figures in state-owned chip companies. Last year, China’s Huawei shocked industry experts by introducing a new smartphone powered by a 7-nanometer processor made by China’s Semiconductor Manufacturing International Corporation (SMIC).
Persons: Xi Jinping’s, Lu Jun, , Xi’s, Biden, China’s, Mark Rutte, Xi Organizations: Hong Kong CNN, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise, Ministry of Industry, Information Technology, IC, US, China’s Huawei, China’s Semiconductor Manufacturing International Corporation, Huawei, Dutch Locations: Hong Kong, China, ICBC, Beijing, Netherlands, Japan, United States, ASML
The 30-stock Dow slid 605.78 points, or 1.53%, and closed at 39,065.26 for its worst session of the year. The S&P 500 dropped 0.74%, closing at 5,267.84, and the Nasdaq Composite tumbled 0.39% to end at 16,736.03. Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. With its market cap of more than $2.5 trillion, Nvidia also has considerable sway over the broad S&P 500 . More than 400 names in the S&P 500 were lower, and information technology was the only positive sector for the day.
Persons: Stocks, Dow Jones, it's, Piper Sandler, Craig Johnson Organizations: New York Stock Exchange, Dow, Boeing, Nasdaq, Dow Jones Industrial, Nvidia, . Services, Global, Federal Reserve, Traders Locations: New York City
Vivid, disturbing nightmares may be a sign of a newly developing autoimmune disorder or an upcoming flare of existing disease, experts say. Researchers found 3 in 5 lupus patients, and 1 in 3 patients with other rheumatology-related diseases, had increasingly vivid and distressing nightmares just before their hallucinations. Systemic autoimmune diseases often have a range of symptoms, called prodromes, that appear as signs of a sudden and possibly dangerous worsening of the condition. Connect the dots to autoimmune diseaseOn first glance, it would make sense that such neurological manifestations as nightmares would occur if the autoimmune disease impacts the brain, which lupus often does, Sloan said. “In some cases, reporting these symptoms earlier, even if they seem strange and unconnected, may lead to the doctor being able to ‘join the dot’s’ to diagnose an autoimmune disease.”
Persons: , “ He’s, I’m, , Melanie Sloan, ” Sloan, Lupus, ” Jennifer Mundt, ” Mundt, “ I’m, Sloan, David D’Cruz, rheumatologist, that’s, Carlos Schenck, ” Schenck, shouldn’t Organizations: CNN, University of Cambridge, Northwestern University’s Feinberg School of Medicine, Guy’s Hospital, Kings College London, Hennepin County Medical, University of Minnesota Locations: Canadian, United Kingdom, Chicago, Hennepin, Minneapolis
C. Gordon Bell, a technology visionary whose computer designs for Digital Equipment Corporation fueled the emergence of the minicomputer industry in the 1960s, died on Friday in Coronado, Calif. A virtuoso at computer architecture, he built the first time-sharing computer and championed efforts to build the Ethernet. He was among a handful of influential engineers whose designs formed the vital bridge between the room-size models of the mainframe era and the advent of the personal computer. He later joined Microsoft’s nascent research lab, where he remained for about 20 years before being named researcher emeritus. He helped make computing much more widespread and more personal.”
Persons: Gordon Bell, Frank Lloyd Wright, Bell, , David Cutler Organizations: Digital Equipment Corporation, Datamation, National Science, of Technology, Innovation, Microsoft Research Lab, Mr, Digital, Microsoft Locations: Coronado , Calif
In conversations about these phenomena, social media has consistently been at the center, though mental health issues can have multiple contributing factors. Those with depression were more susceptible to social comparison and pressure to show their best selves on social media. Many young people reported an inability to control their use, social media distracting from other activities and unconsciously reaching for social media when bored. Ask the teens in your life what they like about these platforms and what types of connections or activities support their mental health, Lenhart said. Let them know you’re there to help figure out a solution if social media is upsetting them or interfering with other responsibilities.
Persons: , Amy Green, , Amanda Lenhart, Mitch Prinstein, Prinstein wasn’t, ” Lenhart, Douglas Gentile, ” Gentile, wasn’t, ” Prinstein, Lenhart, Prinstein, “ Young Organizations: Lifeline, CNN, Sense Media, Opinion Research, University of Chicago, Sense, American Psychological Association, Social, Black, Iowa State University Locations: Hopelab
Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.
Persons: , Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida
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