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A story about training non-tech workers that has nothing to do with ChatGPT? Man Group, a $144 billion investment firm, has a popular training program to get non-tech workers up to speed on coding and data-science. Programs like <develop>, along with the rise of ChatGPT, speak to a wider trend across Wall Street of enabling employees to build their own tools despite not having a background in tech. Empowering people to build their own tools and apps to streamline their work seems great on paper. Read more about how Man Group teaches non-tech workers programming skills that help them save time.
Goldman Sachs' M&A team operates under a similar mandate, albeit with a few more zeros. Why bother stressing over 10 $1 billion deals when you can just do a $10 billion deal? It's not just the M&A market that's facing issues. The bank has held the top spot on the year-end M&A league tables for decades, but it is hearing footsteps. More on Goldman's M&A strategy amid an industry drought.
Startups including Toucan and Topl are building blockchain tools for issuing carbon credits. Several companies, including Toucan, Return, Topl, and Open Forest Protocol, are now aiming to improve the transparency and reliability of carbon credits by coupling climate initiatives with blockchain technology. Erin MurphyThe need for greater transparency in carbon marketsCompanies buy carbon credits to offset the amount of greenhouse-gas emissions their business activity generates. Aureus EarthThe potential benefits of credits on the blockchainThat's where blockchain technology comes in, Murphy and other proponents said. Despite the flaws of that initial attempt, it showed ample market demand for blockchain-based carbon credits, Hoopes said.
Artificial intelligence could cheapen educated labor and reduce inequality. "The general presumption is that AI — and even before that, office software — would impact middle-skill workers," Acemoglu told Insider. That word "exposure" means AI could either replace high-income workers, which would reduce inequality, or make them even more productive, which would increase it. "You can imagine devolving some of the most highly skilled tasks to less skilled people," Autor said. Additionally, "the more skilled workers may be able to shield themselves," he said.
The head of tech for Miami outlines what applicants can expect, how to stand out, and why Miami. Naumovich, who was hired in September 2022, is responsible for building out Millennium's tech presence and tech offerings in Miami. A big part of that mandate will come down to recruiting tech talent, which has previously proven challenging for Wall Street firms in the area. The rotational program is the first of its kind in Millennium's tech organization. Wall Street SouthThe LEaD program is just one aspect of Millennium's big-picture build out in Miami.
RittalConversational artificial intelligence that can be used to communicate with equipment and generate machine parts. These are just a few of the technologies that will power the factories of the future, according to technologists and industry experts who spoke with CNBC. Floyd said that Google is already working to achieve this with natural language processing capabilities in its AI tools. "In the future, there is potential to generate content from and for many types of manufacturing equipment, ranging from specific repair instructions to software code that is tailored to a specific asset." Many manufacturers see potential in the "industrial metaverse," a version of the metaverse tailored to the manufacturing, construction and engineering industries.
Insider's Bianca Chan has a first look at Millennium Management's new engineering training program for its Miami office. Click here to read more about Millennium's new training program for engineers in Miami. JPMorgan's Jamie Dimon, BlackRock's Larry Fink, Citigroup's Jane Fraser, and Wells Fargo's Charlie Scharf shared thoughts on the banking crisis during their respective earnings calls. The world's largest money manager is open to making some deals in the wake of the banking crisis. Despite all the chatter on the recent banking crisis, JPMorgan's CEO still had thoughts on the state of the wider economy.
The head of tech for Miami outlines what applicants can expect, how to stand out, and why Miami. Naumovich, who was hired in September 2022, is responsible for building out Millennium's tech presence and tech offerings in Miami. A big part of that mandate will come down to recruiting tech talent, which has previously proven challenging for Wall Street firms in the area. The rotational program is the first of its kind in Millennium's tech organization. Wall Street SouthThe LEaD program is just one aspect of Millennium's big-picture build out in Miami.
Insider has talked to a number of hedge funds to get a peek into their recruiting strategies. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. Shaw, and Bridgewater are in constant competition for the best and brightest to help them gain an edge in the cutthroat investment industry. Internships and fellowshipsThe opaque and secretive world of hedge funds might not necessarily be an obvious choice for many college graduates. Investment training programsTypically, hedge funds acquired their investment talent after a few years of working at an investment bank.
It's easier to leverage misinformation for personal gain within the world of finance than perhaps any other industry. I'm not the type to suggest the only real information you can get on the markets is from established news outlets. Do you think the legacy media is fearful of Elon Musk's new Twitter? I just think the discourse on Twitter is very different from what you'd find on a media website. My position on bitcoin, and the wider digital-currency ecosystem, is that it's too often a solution looking for a problem.
Some also formed ethical AI teams and invested in oversight groups. And Facebook-parent Meta suggested that it might cut staff working in non-technical roles as part of its latest round of layoffs. “With that outsourcing, I feel like they had this comfort level that they could cut some of the trust and safety team, but Twitch is very unique,” the former employee said. It invested heavily in content moderation, public policy and an oversight board to weigh in on tricky content issues to address rising concerns about its platform. Tech leaders may also be grappling with the fact that even as they built up their trust and safety teams in recent years, their reputation problems haven’t really abated.
Broad Pay Ranges Can Hamper Cybersecurity Hiring
  + stars: | 2023-04-04 | by ( Kim S. Nash | Catherine Stupp | ) www.wsj.com   time to read: +3 min
Companies that list wide pay ranges in cybersecurity job descriptions risk setting false expectations and kindling unrest among existing staff. Seven other states have required pay transparency for the past few years. In cyber recruiting, in particular, broad scales can hamper hiring, said Joyce von Seldeneck, founder and chair of Philadelphia-based Diversified Search Group. The last thing a company wants is to go bring candidates through an entire process and disappoint them at the end.”Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. While some management consultants say pay transparency can light a fire under employees to work harder for higher compensation, Matthias Muhlert, chief information security officer at gummy-bear maker Haribo GmbH & Co., isn’t so sure.
Men's lifestyle magazine GQ published an in-depth profile of Apple CEO Tim Cook on Monday. Cook said today's kids are "born digital," but warned there should be "hard rails" on screen time. Cook was also described as someone who does not personally "log on all that much." "Kids are born digital, they're digital kids now," Cook was quoted saying in a lengthy profile of him published in GQ on Monday. In the GQ profile, Cook suggested that Apple is not driven by fostering digital addiction.
LeapXpert used this 15-page pitch deck to raise a $22 million Series A+ round. This startup is helping companies ensure the messaging channels employees use to communicate professionally are safe and in compliance with regulation. On Wednesday, the startup announced a $22 million Series A+ round led by Rockefeller Asset Management's Technology Ventures Group. He wants to grow the startup's global reach, add more supported messaging channels, and increase its team. Read the 15-page pitch deck LeapXpert used to raise a $22 million Series A+ round.
As Silicon Valley Bank went down the tubes, it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. They were pioneers on the frontier of tech and finance, and as such they acted the way pioneers always do. Myths of the frontiersIt's unfashionable for people in the tech industry to dispute the central role that government-funded infrastructure and academic projects have played in the development of Silicon Valley and the digital age. Shout down into Silicon Valley and you'll hear echoes of this same pioneer myth. They see themselves as heroes not of a Western frontier but of space — the Final one — as refracted by the legendary writers of the Golden Age of Science Fiction.
On Tuesday, Google announced it was bringing AI-powered chat technology to Gmail and Google Docs, letting it help composing emails or documents. On Thursday, Microsoft said that its popular business apps like Word and Excel would soon come bundled with ChatGPT-like technology dubbed Copilot. But this time, Microsoft is pitching the technology as being "usefully wrong." Microsoft chief scientist and technical fellow Jaime Teevan said that when Copilot "gets things wrong or has biases or is misused," Microsoft has "mitigations in place." "I studied AI for decades and I feel this huge sense of responsibility with this powerful new tool," Teevan said.
In the days since the stunning collapse of Silicon Valley Bank, I've seen the tech world point a lot of fingers. Silicon Valley Bank imploded in part because it was a repository for the riskiest behaviors of the industry it serviced. In spite of this reality, there has been little self-reflection on the part of the industry that was so closely tied to Silicon Valley Bank. Silicon Valley Bank thrived on these trends. But to grow at the breakneck speed of its clients, Silicon Valley Bank executives had to change things in Washington.
Here's what the rogue chatbot got right and wrong about its stock market prediction. A rogue version of ChatGPT predicted that inflation fears, decreased consumer spending, and geopolitical tensions would crash the stock market on March 15. The so-called DAN version of ChatGPT replied: "Based on my analysis, I predict that the stock market will crash on March 15, 2023. What ChatGPT got wrongThe rogue version of ChatGPT said rising inflation fears would contribute to the stock market decline, but recent inflation data shows a continued deceleration in prices. The stock market prediction by a rogue version of ChatGPT got some things eerily correct, but not everything.
Each year, a rotating list of produce is tested by USDA staffers who wash, peel or scrub fruits and vegetables as consumers would before the food is examined for 251 different pesticides. Kale, collard and mustard greens contained the largest number of different pesticides — 103 types — followed by hot and bell peppers at 101. Concerned consumers can consider choosing conventionally grown vegetables and fruits from the EWG’s Clean 15, a list of crops that tested lowest in pesticides, the report said. When last tested in 2014, blueberries contained over 50 different pesticides. Testing in 2020 and 2021 found 54 different pesticides — about the same amount.
Persons: nutritionists, Kale, collard, , Jane Houlihan, Houlihan, Ian Berry, Alexis Temkin, ” Temkin, we’re, ” Chris Novak, ” Novak, Bryan Hitchcock, Temkin, , “ Steer Organizations: CNN, Environmental, Produce, US Department of Agriculture, USDA, Environmental Protection Agency, Healthy, American Academy of Pediatrics, Futures, EPA, US Centers for Disease Control, CDC, CropLife, Food Technologists, US Food and Drug Administration Locations: CropLife America
Powering AI Dungeon's text-generation software was the GPT language technology offered by the Microsoft -backed AI research lab OpenAI. The high cost of training and "inference" — actually running — large language models is a structural cost that differs from previous computing booms. Many entrepreneurs see risks in relying on potentially subsidized AI models that they don't control and merely pay for on a per-use basis. Companies making the foundation models, semiconductor makers, and startups all see business opportunities in reducing the price of running AI software. "Latitude is going to continue to evaluate all AI models to be sure we have the best game out there."
CNN —The Justice Department will expand its stable of data experts charged with analyzing how businesses use and abuse consumer data to violate US antitrust law, the agency’s antitrust chief told CNN in an onstage interview Monday. DOJ’s antitrust division plans to post additional job listings for data scientists and analysts, Assistant Attorney General Jonathan Kanter said at a Washington conference. Under Kanter, the division has already hired technologists and a chief economist with a background in computer science and machine learning. “A lot of the assumptions have been that consumers can discipline bad behavior [of a company] by switching. But if consumers don’t switch as easily as they used to, or if consumers are being nudged in one direction or another, that’s a market reality we need to understand.”
Buzzy generative AI startups have so far avoided the troubles plaguing the rest of the tech world. Here are the five diligence questions investors are asking generative AI startups, according to VCs. But for generative AI startups, 2023 has been much of the same — and that hasn't been a bad thing. Insider spoke with eight of these VCs about the top five questions they're asking generative AI startups during diligence processes. One hallmark of generative AI startups are their eye-staggering round sizes.
Musk: 'AI stresses me out'
  + stars: | 2023-03-02 | by ( Joseph White | ) www.reuters.com   time to read: +2 min
"AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. But when asked by an analyst if AI could help Tesla build cars, Musk took a less optimistic line. "I'm a little worried about the AI stuff," Musk said from a stage where he was flanked by 16 Tesla executives, including Autopilot head. "We need some kind of, like, regulatory authority or something overseeing AI development," Musk said. Tesla's effort to enable its cars to drive themselves safely is "obviously useful" AI, Musk said.
Oddity Il Makiage Coutesy: OddityOddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that's increasingly risky for purely digital retailers. Since its U.S. launch in 2018, Oddity has achieved profitability, the company said, making $380 million in gross sales in 2022. In Spoiled Child's first year on the market, the new brand brought in $48 million in gross sales. Oddity builds out new products and brands by using its tech to figure out what customers are looking for. Oddity is in the process of integrating the tech into its Il Makiage powermatch quiz to improve accuracy.
The technology, known as generative AI, has been pioneered by OpenAI, the lab behind the ChatGPT writing system and the Dall-E visual illustration generator. Copilot, as well as other tools from Amazon.com Inc., International Business Machines Corp. , and startups like Tabnine Inc. and Magic AI Inc., have quickly found a receptive audience among developers seeking a productivity boost. The AI model behind Copilot is trained on data from GitHub, which houses a popular open-source community where developers contribute and share code. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. And, with a tightening economy in mind, Hyland Software is holding back on spending for any new tools or technologies.
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