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Search resuls for: "Sindhu Sundar"


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☆ A judge won't let Sam Bankman-Fried use any messaging apps that auto-delete texts
  + stars: | 2023-02-09 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com   time to read: +5 min
A federal judge in New York banned Sam Bankman-Fried from using messaging apps that auto-delete texts. Prosecutors said Bankman-Fried used the encryption app Signal to send messages while detained at his parents' home. "I'm far less interested in the defendant's convenience than the risk of deleting messages," Kaplan said at a hearing Thursday. The terms the parties had proposed would have barred Bankman-Fried from using apps like Signal, which encrypt messages and allow users to delete them automatically after a set period of time. Kaplan was also concerned about Bankman-Fried encrypting messages in a way that would keep them out of the hands of prosecutors.
☆ The FTX meltdown was so chaotic that Caroline Ellison was reportedly 'relieved' to step away from Alameda
  + stars: | 2023-02-09 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
The end of FTX followed a destabilizing exodus of customers and employees, Financial Times reports. As last-ditch efforts failed, Caroline Ellison reportedly felt "relieved" at an end to the chaos. In the meantime, there are still questions about how the parallel criminal cases could affect FTX customers trying to recover funds through the bankruptcy. Lawyers representing FTX and its creditors had previously told a Delaware bankruptcy court that they were trying to get information about transactions including FTX from insiders including Bankman-Fried and Ellison, but hadn't gotten answers. Read more in the full Financial Times feature on FTX's collapse.
☆ ChatGPT vs the 'new Bing': Check out their very different answers to 20 questions
  + stars: | 2023-02-09 | by ( Aaron Mok | Sindhu Sundar | ) www.businessinsider.com   time to read: +1 min
Microsoft says its "new Bing" search engine is driven by OpenAI technology "more powerful than ChatGPT." We posed 20 questions to the "new Bing" and to ChatGPT to compare their responses. Loading Something is loading. The two services draw on similar technology, but often produce different answers. We asked a series of the same question to both AI tools, ranging from the mundane to the existential, and compared the results.
☆ New AI-powered Google Maps will help electric-car owners find a charging station to power up and get back on the road within 40 minutes
  + stars: | 2023-02-08 | by ( Sindhu Sundar | Grace Kay | ) www.businessinsider.com   time to read: +3 min
Google maps will now help electric vehicles find charging stations more quickly. Its new features will deploy artificial intelligence to assist EV drivers looking to power up. A "very fast charging filter" can help EVs charge in a hurry, Google Geo head Chris Phillips said. While many EV drivers charge their vehicles at home, longer drives necessitate careful organization. Last year, a reporter from The Wall Street Journal said a lack of EV charging sites and accurate charging maps left her spending more time waiting for her car to charge then sleeping during a 2,000-mile road trip.
☆ What's under the hood of Microsoft's 'new Bing'? OpenAI CEO says it's powered by ChatGPT and GPT-3.5
  + stars: | 2023-02-07 | by ( Sindhu Sundar | Ashley Stewart | ) www.businessinsider.com   time to read: +3 min
OpenAI CEO Sam Altman said ChatGPT and GPT-3.5 are helping boost Microsoft's "new Bing" search engine. The rise of OpenAI's ChatGPT bot has fueled the competition in Big Tech to boost search tools. OpenAI's CEO Sam Altman said that the artificial-intelligence company's megahit ChatGPT tool and GPT-3.5 are helping drive the search engine that Microsoft announced Tuesday. At Tuesday's event, Microsoft also revealed its closely anticipated announcement that its own search tool Bing will now use OpenAI's technology to boost searches. OpenAI's ChatGPT created popular access to a type of technology that's been long familiar to computer science and data analytics experts.
☆ ChatGPT 'may make up facts,' OpenAI's chief technology officer says
  + stars: | 2023-02-06 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
ChatGPT may not always be accurate, OpenAI's CTO Mira Murati said in an interview with Time magazine. The bot "may make up facts" as it writes sentences, OpenAI's chief technology officer Mira Murati said in an interview with Time magazine, describing that as a "core challenge." Murati made the remarks in the same interview in which she said artificial intelligence tools need to have government oversight. Other news sites including BuzzFeed and Men's Journal are also looking toward AI tools to help write posts. Insider's Samantha Delouya used ChatGPT to see how it would recreate an article she'd written, and found that it fabricated quotes.
☆ A tiny-home startup has attracted 160,000 customers, including Elon Musk. But disgruntled customers, an empty factory, and a tie to an alleged Iranian agent cloud its future.
  + stars: | 2023-02-06 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com   time to read: +17 min
A Boxabl Casita being delivered to a SpaceX facility in Texas. Tackling the US housing crisisStamped out on an assembly line, Boxabl homes could finally begin to help quench America's perpetual housing shortage. Homeowners, meanwhile, could rent out Boxabl units as secondary dwellings in their backyards or as Airbnbs. Firooznia, Tiramani said, sometimes provided a tiebreaking vote when the father and son disagreed on business decisions. During a tour of Boxabl's factory in December, a freelance reporter for Insider saw Tiramani's wife, Shauna, arrive with their four young children.
☆ Elon Musk was reportedly cleared by a federal jury's verdict that his 'funding secured' tweet in 2018 didn't harm Tesla investors
  + stars: | 2023-02-03 | by ( Sindhu Sundar | Grace Kay | ) www.businessinsider.com   time to read: +4 min
A jury found investors failed to prove Elon Musk derailed them with his tweet that he had "funding secured" to take Tesla private, per the WSJ. Tesla investors had alleged that his public statements resulted in billions of dollars in damages. Those verbal assurances in part led him to tweet that he had "funding secured" for a take-private deal for Tesla, he told jurors last month. Musk's tweet, which he posted in August 2018, read, "Am considering taking Tesla private at $420. Porritt, the Tesla investors' attorney, had framed the stakes of the case in sweeping, existential terms, arguing that it came down to a question of whether regular investors could trust the public markets.
☆ Sports Illustrated's publisher taps AI to write some articles, like 'The Best Ways for Men Over 40 to Maintain Muscle'
  + stars: | 2023-02-03 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
The Arena Group, which publishes fitness and lifestyle content, is the latest in media to tap into AI. The company announced its deal with generative AI startups Jasper and Nota to help make posts. The Arena Group said that it's been testing the AI bot technology in part by feeding old content through it. For instance, the Men's Journal article, "The Best Ways for Men Over 40 to Maintain Muscle" was in part the product of AI technology that had scanned "17 years" of content from the Men's Fitness section of Men's Journal, according to a statement by The Arena Group. Other media companies looking to jump on the OpenAI tech bandwagon include BuzzFeed, which is planning to use AI to help make quizzes.
☆ Amazon touts 'even faster' deliveries made to customers 'within hours'
  + stars: | 2023-02-02 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +2 min
Amazon is pushing "even faster" deliveries to customers around cities like Los Angeles and Phoenix. Same-day delivery customers can now get orders "within hours," per Amazon's Q4 report. Amazon Prime members can get free shipping on the breakneck deliveries, if their orders qualify. In the report, Amazon said that customers in those areas "can now receive hundreds of thousands of items within hours." Amazon Prime customers can get free same-day deliveries based on where they're located and what they're ordering, according to Amazon's website.
☆ The criminal case against Sam Bankman-Fried and Caroline Ellison could put jilted FTX customers in the backseat
  + stars: | 2023-02-02 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com   time to read: +8 min
The parallel criminal case against SBF, Caroline Ellison, and Gary Wang may be to blame. But they told a Delaware bankruptcy court recently that they hit a roadblock, accusing Sam Bankman-Fried and those close to him of not playing ball with them. The criminal case takes priorityEllison and Wang separately reached plea deals with federal prosecutors in Manhattan, copping to charges including wire fraud and conspiracy. But, experts told Insider, the deals require them to focus on working with prosecutors in the criminal case — even if it could be at the expense of other parties. But when both criminal and civil proceedings are ongoing, it's the criminal case that goes first in line, Snyder said.
☆ Federal regulators tell Amazon that the 'gamification' of its warehouses contributes to a 'high risk of serious' injury
  + stars: | 2023-02-02 | by ( Sindhu Sundar | Katherine Long | ) www.businessinsider.com   time to read: +5 min
Amazon was cited again by federal regulators alleging its warehouse workers face "high" injury risks. Regulators said a "gamification system" encouraged working at a fast pace that could pose injury. Amazon said it is cooperating with investigators and that it has worked to lower injury rates. In a letter targeting the warehouse in Idaho, OSHA said Amazon should change its "gamification system to eliminate incentives for excessively paced work." In recent months, Amazon has been hit by similar OSHA citations relating to injury risks facing workers, and to how it tracked and monitored those injuries.
☆ The house that helped secure Sam Bankman-Fried's $250 million bail package reportedly sits on land his parents leased from Stanford
  + stars: | 2023-01-31 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +5 min
Sam Bankman-Fried's parents lease the land for their home from Stanford, the LA Times reports. They'd put up the $4 million home as collateral for the former FTX CEO's $250 million bail release. Bail terms are about flight-risk rather than if collateral can cover the full amount, legal experts said. The revelation once again prompts questions about how and why courts set bail terms, which are meant to ensure that a defendant doesn't flee while awaiting trial. Prosecutors are now also arguing that Bankman-Fried's bail restrictions must go further, and impose limits on whom he communicates with and how.
☆ A judge ordered the unsealing of Sam Bankman-Fried's 2 anonymous bail sponsors — but says they have a week to appeal
  + stars: | 2023-01-30 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com   time to read: +4 min
A federal judge agreed to unseal the names of Samuel Bankman-Fried's two anonymous bail sponsors. The judge pointed out that the sponsors waded into a highly public criminal case. "The non-parental bail sureties have entered voluntarily into a highly publicized criminal proceeding by signing the individual bonds," Kaplan wrote in his ruling on Monday. According to the rules of their bail agreement, one of those additional sponsors couldn't be a family member, according to court filings. A group of media organizations, including Insider, argued that the public had a right to know who was bankrolling Bankman-Fried's bail.
☆ Princeton computer science professor says don't panic over 'bullshit generator' ChatGPT
  + stars: | 2023-01-30 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
A Princeton professor told The Markup that "bullshit generator" ChatGPT merely presents narratives. ChatGPT creator OpenAI will reportedly help Buzzfeed produce work like quizzes. Narayanan said this makes ChatGPT more of a "bullshit generator" that presents its response without considering the accuracy of its responses. He said that a more likely outcome of large language model tools would be industries changing in response to its use, rather than being fully replaced. "I don't think large language models are even on that scale.
☆ Why ChatGPT Could Remain Free Amid Paid 'Pro' Version
  + stars: | 2023-01-29 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +4 min
OpenAI is floating a paid version of its product, prompting questions about future access. The Microsoft tie-up could help develop more sophisticated ChatGPT versions, experts said. The evolution toward paid versions is a common framework for newer technologies, where companies may release free or low cost versions to entice users and to gauge adoption. Keeping a version of ChatGPT free will still help the company develop its technology, Astvansh said. "A free version will help gather data on how people are asking questions, and help it improve other versions of GPT," he said.
☆ Why buzzy cases like the $5 million Thinx settlement don't often result in customers getting much money back
  + stars: | 2023-01-27 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +8 min
Thinx customers can now seek recoveries as part of a settlement by the period underwear brand. The news may have some customers wondering: Can I, too, recoup money spent on a product that let me down? Instead, these cases — which can take years — may recoup only a portion of customers' spending on the products in question. The Thinx settlement includes a $4 million pot to pay customers and legal fees, and as much as another $1 million for any required "valid claims," according to the settlement. Unilever agreed to the settlement while "denying wrongdoing of any nature and without admitting liability," according to the settlement agreement.
☆ Sam Bankman-Fried's new dog is reportedly trained to attack would-be assailants with a secret code word
  + stars: | 2023-01-26 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +2 min
Sam Bankman-Fried's new dog can attack with a single command, per Forbes. His parents reportedly gave him the dog, a German shepherd named Sandor. Bankman-Fried has said in court filings that his family has faced "harassment and threats." The former FTX CEO's animal companion, named Sandor, pounces in response to a "secret word," according to Forbes. The 75-pound Sandor, whose name evokes the meaning "defender of men," was a gift from Bankman-Fried's parents, per a Puck interview.
☆ DoNotPay's CEO says threat of 'jail for 6 months' means plan to debut AI 'robot lawyer' in courtroom is on ice
  + stars: | 2023-01-26 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
DoNotPay's CEO says he will hold off on deploying an AI 'robot lawyer' in traffic case hearings. Joshua Browder said that he received 'threats' over the plan and feared facing 'jail for 6 months.' The ploy always carried a risk, as states closely regulate who can practice law. But regulators may still be a while away from contemplating a full-fledged AI lawyer in court. "We're seeing some reform in regulations around the unauthorized practice of law, and we're becoming less rigid," said Murphy.
☆ Twitter's landlord sues after Elon Musk stops paying millions in rent at SF headquarters
  + stars: | 2023-01-24 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Twitter's landlord in SF accused the company of skipping out on rent since December. It's the latest landlord scuffle for Twitter, which was sued in the UK by King Charles III's firm. Twitter's headquarters at 1355 Market Street, where its landlord is suing over unpaid rent. Earlier this month, the landlord of Twitter's Hartford Building at 650 California Street, sued the social media company over some $136,260 in unpaid rent. In the UK, a real estate firm for King Charles III is also pursuing claims against Twitter there for unpaid rent.
☆ Elon Musk accuses a major Saudi investor of 'ass-covering' in a trial over his 'funding secured' Tesla tweet
  + stars: | 2023-01-23 | by ( Sindhu Sundar | Grace Kay | Samantha Delouya | ) www.businessinsider.com   time to read: +4 min
Musk defended his "funding secured" tweet in a securities fraud trial brought by Tesla shareholders. He testified that he sent the tweet after verbal assurances from Saudi investor Yasir Al-Rumayyan. He said that Al-Rumayyan told them that "they would do whatever it took to get it done," and that he'd been "unequivocal" about supporting the deal. Al-Rumayyan, Musk, and attorneys for Musk and Tesla shareholders did not respond to a request for comment from Insider ahead of publication. The billionaire claims he planned to take Tesla private at the time of tweeting "funding secured" in August 2018.
☆ Elon Musk testifies that he thinks the number 420 has 'karma,' but he's not sure if it's 'good or bad'
  + stars: | 2023-01-23 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +2 min
Elon Musk testified in a civil trial Monday that he wasn't joking about taking Tesla private at $420 a share. He said the price was a roughly "20% premium" over Tesla stock when he tweeted about it in 2018. The "420" popular pot reference has been a theme for Musk, who bought Twitter at $54.20 a share. "I don't know if she found it funny or not," Musk testified, referring to his girlfriend at the time, the musician Grimes. "But the 420 price was not a joke."
☆ Microsoft is backing up the money truck and pouring billions into ChatGPT creator OpenAI
  + stars: | 2023-01-23 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +2 min
Microsoft is making a 'multi-billion dollar investment' in OpenAI. It put in $1 billion into the ChatGPT maker in 2019, and was reportedly planning a $10 billion investment. OpenAI, the company behind the popular large language model bot ChatGPT, is getting billions and a longer term boost from Microsoft. OpenAI has described itself as a "capped-profit" company, meant to help raise funding by giving investors a piece of the profits, according to the company. OpenAI is also working on getting users to pay for certain ChatGPT features.
☆ Tech's ultimate nepo babies: Meet the Drapers, the first family of Silicon Valley
  + stars: | 2023-01-23 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +10 min
The billionaire Tim Draper is part of a lineage often lauded as Silicon Valley's premier VC family. As far as powerful professional networks go, it's hard to top the Draper family tree. Draper's venture-capital career began in the 1950s at his father's own trailblazing firm, Draper, Gaither, and Anderson, an early entrant in a new field. Meet the Draper family, the ultimate tech nepo babies and Silicon Valley royalty. Jesse DraperJesse Draper founded Halogen Ventures, which counts her father as an advisor.
☆ Elon Musk just took the stand in a trial over his 'funding secured' tweet — catch up with 8 stand-out quotes from his testimony
  + stars: | 2023-01-20 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com   time to read: +1 min
Elon Musk took the stand Friday in a trial over his 2018 tweets about wanting to take Tesla private. The trial asks jurors to determine whether Musk knowingly led investors astray with his tweets. Musk testified with characteristic defiance, saying he didn't believe his tweets had market significance. Musk has been known for his tendency toward combative testimony in the past — from cracking jokes to taking digs at the opposing attorneys. Here are 8 stand-out quotes from his half-hour testimony:
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