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"All of these models have gotten quite complex and we can't ship as many things in parallel as we'd like to," Altman wrote during a Reddit AMA. Regarding the next version of DALL-E, Altman wrote that the "next update will be worth the wait" but that there's no "release plan yet." The move also positions OpenAI as more of a competitor to Microsoft, which has invested close to $14 billion in OpenAI. For Altman, Reddit isn't just a communications platform. WATCH: OpenAI takes on Google with ChatGPT search
Persons: Sam Altman, Altman, OpenAI, Sora, Kevin Weil, Srinivas Narayanan, Microsoft's Bing, Narayanan, Bing, Reddit isn't Organizations: Google, CNBC, AVM Vision, ChatGPT, Microsoft Locations: San Francisco , California, OpenAI, ChatGPT
Evercore ISI's Mark Mahaney says, he'd buy the dip in Uber
  + stars: | 2024-10-31 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvercore ISI's Mark Mahaney says, he'd buy the dip in UberMark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell' to discuss Amazon ahead of earnings.
Persons: Mark Mahaney, he'd
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi sovereign wealth fund's pivot to domestic investment will help accelerate diversification: ministerFaisal Alibrahim, Saudi Arabia's minister of economy and planning, says the kingdom is planting the seeds for steady growth, and is using "these seeds to attract more capital."
Persons: Faisal Alibrahim Organizations: Saudi
A pig has tested positive for H5N1 bird flu in a backyard farm in Oregon. The H5N1 bird flu was detected in a pig in Oregon, the first instance of a swine infection in the US, officials announced on Wednesday. Pigs get both bird flu viruses and human flu viruses, making them a genetic mixing bowl where H5N1 could gain genetic mutations that help it spread between humans. AdvertisementWhy pig infection could be a tipping pointPigs play host to both bird flu viruses and human flu viruses. Inside a pig, the H5N1 bird flu virus could pick up genetic mutations that help it adapt to better infect human bodies.
Persons: , Stacey Schultz, Cherry, Jude Children's, Jeremy Farrar, Diego Vara, Florian Krammer, Cynthia Goldsmith, Jackie Katz, Schultz, Richard Webby, Jude, Robert Giroux Organizations: Service, St, Jude Children's Research, World Health Organization, Reuters, US Department of Agriculture, USDA, Icahn, of Medicine, STAT, CDC, AP, WHO Locations: Oregon, South America, Sao Jose, Norte, Brazil, New York, St, New York City
OpenAI is reportedly teaming up with Broadcom and TSMC to build custom AI chips, per Reuters. OpenAI could have its custom chips by 2026 but is reportedly dropping plans to build its own fabs. AdvertisementBuilding custom AI chips has long been the preserve of a select few tech companies — but OpenAI might be about to join the party. AdvertisementOpenAI's move, which will also reportedly see it incorporate AMD chips into its supply mix, means it would reduce its dependency on Nvidia, the market leader for AI chips. While it's unclear how much OpenAI's reported chip-building push will cost, creating custom AI chips doesn't come cheap.
Persons: OpenAI, , Kate Leaman, Rahul Kulkarni, Maia, Meta, Mark Zuckerberg, Gil Luria, Davidson, Luria, Edward Wilford, Sam Altman, Altman, Pierre Ferragu Organizations: Broadcom, Meta, Google, Service, Reuters, BI, Microsoft, Apple, Tech, Amazon Web, AWS, Nvidia, Big Tech, Street, New, Research, New York Times
ChatGPT search offers up-to-the-minute sports scores, stock quotes, news, weather and more, powered by real-time web search and partnerships with news and data providers, according to the company. Zoom In Icon Arrows pointing outwards OpenAI's ChatGPT search OpenAIThe move also positions OpenAI as more of a competitor to Microsoft and its businesses. ChatGPT will "automatically search the web based on what you ask," according to an OpenAI blog post. Users can manually click the web search icon within ChatGPT to search if they choose. Zoom In Icon Arrows pointing outwards OpenAI's ChatGPT search OpenAI
Persons: Sam Altman, Didem, Bing, OpenAI, Altman, Axel Springer, Condé Nast, Dotdash Meredith Organizations: Anadolu, Getty, Microsoft, Google, ChatGPT, Associated Press, Reuters, Hearst, Financial Times, News Corp, Vox Media Locations: ChatGPT, OpenAI
OpenAI launches ChatGPT search
  + stars: | 2024-10-31 | by ( Kate Rooney | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI launches ChatGPT searchCNBC's Kate Rooney joins 'The Exchange' to report on OpenAI's new entry to take on search engines.
Persons: Kate Rooney
Google Maps and its platforms rolled out a Gemini AI update that enhances its location services. Starting this week, the company's Gemini AI will be integrated into Google Maps in the US on Android and iOS. Google vice president Miriam Daniel told Business Insider that the presentation of the results in Google Maps and the Gemini app might look different, "but the fundamental core is somewhat the same." AdvertisementDrivers will be able to report incidents within Google Maps. The tech giant has been working on integrating AI into various platforms, such as AI Overviews in Google search results.
Persons: , Miriam Daniel, Susanne Franz, We're, Daniel Organizations: Google, Gemini, Drivers, Service, Waze, Android, Business
Some Intel employees received pay cuts in 2023 to reduce costs and avoid layoffs. Intel announced layoffs this year, affecting employees' promised stock bonuses. Intel employees left frustrated comments underneath the FAQs on the company's internal network, two departing workers said. An Intel employee would be eligible for a four-week sabbatical after every four years of work or eight weeks after seven years. Intel employees who joined the company before it closed its pension plan to new entries in 2011 still get payouts.
Persons: , Pat Gelsinger, Gelsinger, Gelsinger's, unvested RSUs, we're, Emma Cosgrove Organizations: Intel, Service, Nvidia, AMD, BI, Oregon Intel, Employees, SEC, Microsoft, Qualcomm, Tech, ecosgrove Locations: Oregon, Arizona , California
Sam Altman said OpenAI's next big model is likely not coming this year. The CEO answered user questions during a Reddit Ask Me Anything Thursday — sometimes using ChatGPT to respond, he said. AdvertisementSam Altman used his own AI creation to answer questions during a Reddit "Ask Me Anything" session on Thursday. Altman also said he was using ChatGPT, the company's generative AI chatbot, to "sometimes" answer questions during the AMA. The billionaire offered new timing details on OpenAI's next large AI model, GPT-5, saying its release likely won't come this year.
Persons: Sam Altman, OpenAI's, , Redditors, Altman, Srinivas Narayanan, Narayanan, Bing, OpenAI execs, Kevin Weil Organizations: Service, AMA
Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.
Persons: Glean, Jain, , Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, , Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle
Mark Cuban knows what sets successful people apart from the crowd. Cuban, 66, is both a self-made billionaire and a longtime startup investor who's listened to many business pitches in more than a decade on ABC's "Shark Tank" and mentored dozens of entrepreneurs he's helped fund. You could land a coveted job, negotiate like a "Shark Tank" investor or launch a lucrative side hustle by mastering a specific handful of hard and soft skills, says Cuban. Here are three pieces of advice from the billionaire:Focus on 3 soft skills to land a jobWhenever the job market seems daunting, you can always fall back on the same three soft skills, Cuban says: agility, curiosity and adaptability. "I can pretend that I'm going to be able to predict where AI's going and the exact impact on the job market, but I'd be lying," he says.
Persons: Mark Cuban, who's, he's Organizations: Cuban, CNBC
Trump's plans could mean tax hikes for lower earners; Harris' proposals would target higher earners. This is the fourth in a five-part series about the impacts either a Trump or a Harris presidency could have on US consumers. Trump has proposed extending his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." But another part of Trump's tax policy — his plan to levy universal tariffs on all US imports — could end up undercutting this positive impact. AdvertisementTrump has floated lifting the $10,000 cap on the State and Local Tax deduction, known as SALT, from his 2017 tax bill.
Persons: Trump's, Harris, , you'll, Trump, He's, Garrett Watson, Harris hasn't, she's, Benjamin Page, Biden, Walz, Ernie Tedeschi, Watson, Tedeschi Organizations: Service, Business, Trump, Social Security, Taxation, Economic, Tax Foundation, State and, Urban, Brookings Tax, Yale Budget Lab, White House Council, Economic Advisers, Finance Locations: California , New Jersey, New York, Congress
Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.
Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon
In today's big story, Big Tech is pulling back on the freebies for its employees . The perks help recruit and retain talent and keep employees working at the office. Some Amazon employees aren't buying it. It's not all bad news for Amazon employees, though. Some Amazon employees support Jeff Bezos' controversial WaPo decision.
Persons: , David Arky, Tyler Le, Insider's Lara O'Reilly, Rob Price, Hugh Langley, Sydney Bradley, It's, Matt Garman, Frederic J . BROWN, BI's Jyoti Mann, Ashley Stewart, Garman, Stave Huffman, Spencer Platt, Natalie Ammari, Tesla, Meta, Jenny Chang, Rodriguez, Harris, Trump, you'll, Jeff Bezos, Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Microsoft, SEC, Big Tech, Meta, Citibank, Tech, Services, Getty, Amazon Web Services, Amazon, BI, Google, Semiconductor, Intel, Washington Post, Apple Locations: OpenAI, AFP, New York, London
An Alabama man was sentenced Tuesday to one year and nine months in prison for threatening a sheriff and a district attorney in Georgia over the jail mug shot of former President Donald Trump, prosecutors said. Hanson also threatened District Attorney Fani Willis, saying that if Trump was indicted, "anytime you’re alone, be looking over your shoulder." Hanson made the threats in two voicemails left for Labat and Willis on Aug. 6, 2023, before Trump was indicted or his mug shot was taken. A Fulton County grand jury indicted Trump and 18 other people last year on state charges related to efforts to overturn the 2020 presidential election results in Georgia, an election that Trump lost. Trump was indicted on Aug. 14, 2023, and 10 days later, he surrendered to the Fulton County Jail and his mug shot was released publicly.
Persons: Donald Trump, Arthur Ray Hanson II, Trump, ” Hanson, Fulton County Sheriff Pat Labat, Hanson, Fani Willis, Willis, ” Sean Burke, Prosecutors, Alejandro Mayorkas Organizations: Fulton County Sheriff, Attorney's, Labat, Jail, FBI, New, New Jersey Department of Homeland Security, U.S . Homeland Locations: Alabama, Georgia, Huntsville, voicemails, Fulton County, U.S, Atlanta, Fulton, Labat, New Jersey
Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.
Persons: Jim Farley, , Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: , Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago
The startup offers marketing analytics tools to help brands boost their SEO on LLMs like ChatGPT. Check out the 17-slide pitch deck Evertune used to raise its $4 million seed funding round. The startup, Evertune, launched from stealth today with $4 million in seed funding, it confirmed exclusively to Business Insider. AdvertisementAt Evertune, Stempeck said that he and his co-founders, Ed Chater and Poul Costinsky, are focusing on being the leader in intersection between advertising and AI. Check out the 17-slide pitch deck Evertune used to raise its $4 million seed funding round.
Persons: Evertune, Roger Ehrenberg, , OpenAI's ChatGPT, Google's, Anthropic's Claude, Brian Stempeck, Evertune's, Stempeck —, LLMs, Stempeck, Ed Chater, Poul Costinsky Organizations: Eniac Ventures, Nextview, Service, Business, New York VC, NextView Ventures, Aperiam Ventures
In my mid-20s, my mom started losing her memory, which made me feel isolated. My fiancé and I are planning our wedding as fast as we so she can be part of our wedding. My mom began losing her memoryThen, in my mid-20s, something else started to differentiate me once again from my peers. My dad, who barely has a memory of life without my mom. On my right wrist is a tattoo of a Chai necklace my dad gave me, which his father gave him.
Persons: , grandpa, bubbled, I'm Organizations: Service, Alzheimer's Association
Microsoft 's massive investment in OpenAI is weighing on earnings. The accounting approach refers to a company's share of the invested company's profit or loss in a given period, a Microsoft spokesperson said. The OpenAI investment disclosure was new for Microsoft, but the company has registered over $2.3 billion in other expense in the past four quarters. On the earnings call, Microsoft CEO Satya Nadella said the collaboration with OpenAI has benefited both parties and that the company feels good about "our investment stake in OpenAI." WATCH: Oppenheimer downgrades Microsoft: OpenAI losses are not properly priced in
Persons: Satya Nadella, Sam Altman, Amy Hood, OpenAI, Hood, Microsoft's, OpenAI's, OpenAI didn't, Oppenheimer Organizations: Microsoft, Google, OpenAI Locations: San Francisco, OpenAI
CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.
Persons: , Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities
Citi's Ron Josey on what he's watching for in Big Tech earnings
  + stars: | 2024-10-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti's Ron Josey on what he's watching for in Big Tech earningsRon Josey, Citi Research senior internet analyst, joins 'Power Lunch' to discuss Big Tech earnings and the outlook for the sector.
Persons: Ron Josey Organizations: Big Tech, Citi Research
The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.
Persons: , Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London
AdvertisementChina's warplanes are pressuring Taiwan and have all but eliminated an important dividing line, with near-daily incursions creating a dangerous new normal. Since 2020, Taiwan has released regular, almost daily updates on incursions in its air defense identification zone by Chinese military aircraft. In 2021, the Chinese military flew 972 aircraft into Taiwan's ADIZ, and that number nearly doubled in 2022. "We've become desensitized to high numbers of the military aircraft flying across the median line of the Taiwan Strait," Shattuck told Business Insider. AdvertisementChinese incursions are tiring out Taiwan's forcesThe near-daily ADIZ incursions aren't just changing the status quo in the area; they're also exhausting Taiwan's military.
Persons: , Thomas J, Shattuck, Benjamin Lewis, They're, Nancy Pelosi, We've, hasn't, Lai Ching, of National Defense Yen Teh, Lewis, Lai, Taiwan's, Amanda Hsiao, GAO Organizations: Service, Foreign, Research, deconfliction, Taiwan, Getty, CAP, People's Liberation Air Force, Taiwan's Military News Agency, Anadolu, Getty Images, People's Liberation Army, of National Defense, Democratic Progressive Party Locations: Taiwan, China, AFP, Taiwan Strait, Taiwan's, Getty Images China, Taipei, Washington, Beijing, Taiwan's ADIZ, United States
Elon Musk's xAI is raising fresh funding at a $40 billion valuation, the WSJ reported. Social media network X, meanwhile, is currently valued at $9.4 billion, according to Fidelity filings. AdvertisementA new funding round in the works for xAI could value Elon Musk's startup at more than four times what his social media network, X, is currently worth, according to recent Fidelity filings. The AI startup is reportedly in talks to raise funding at a $40 billion valuation, according to the Wall Street Journal. Assuming the investment was made at X's $44 billion valuation, the fund now estimates X's value to be around $9.4 billion.
Persons: Elon Musk's, , Musk, ChatGPT, That's Organizations: Social, Fidelity, Service, Elon, Wall Street, Sequoia Capital, Growth Locations: a16z, xAI
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