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Here’s a look at the world's first comprehensive set of AI rules:HOW DOES THE AI ACT WORK? The law’s early drafts focused on AI systems carrying out narrowly limited tasks, like scanning resumes and job applications. The astonishing rise of general purpose AI models, exemplified by OpenAI’s ChatGPT, sent EU policymakers scrambling to keep up. Rules for general purpose AI systems like chatbots will start applying a year after the law takes effect. Meanwhile, Brussels will create an AI Office tasked with enforcing and supervising the law for general purpose AI systems.
Persons: Dragos Tudorache, Sam Altman, OpenAI’s ChatGPT, it’s, , Joe Biden, that’s, Xi Jinping, they've Organizations: , Union, Lawmakers, Artificial Intelligence, Big, ACT, EU, Google, Companies, Global AI, Initiative, United Nations, Group Locations: Romanian, Europe, Brussels, U.S, China, Brazil, Japan
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Google announced it will restrict the types of election-related queries that users can ask its Gemini chatbot, adding it has already rolled out the changes in the U.S. and in India, where voters will head to the polls this spring. "Out of an abundance of caution on such an important topic, we have begun to roll out restrictions on the types of election-related queries for which Gemini will return responses," Google wrote in a blog post on Tuesday. "We take our responsibility for providing high-quality information for these types of queries seriously, and are continuously working to improve our protections." A Google spokesperson told CNBC that the changes are in line with the company's planned approach for elections.
Persons: Sundar Pichai, Gemini, Google's DeepMind, Josh Becker, screenshotting, Pichai, Sissie Hsiao, Bard Organizations: Google, CNBC, Gemini, Mobile, Democratic, Microsoft, Amazon Locations: Brussels, Belgium, U.S, India, Barcelona, California
Moore named Nvidia , Western Digital and Microchip Technology as the investment bank's favorite names coming out of the conference. Computer drive maker Western Digital is the firm's top pick. Western Digital announced in late October that it will split its hard disk drive and NAND memory businesses into two separate public companies. "Every semiconductor equipment company that we talked to highlighted that NAND spending will remain at minimal levels through CY24, even as DRAM spending and cutting edge fab spending hit new highs," he said. Western Digital shares are up 17.9% so far this year.
Persons: Morgan, Joseph Moore, Moore, Morgan Stanley's Organizations: Media, Telecom, Nvidia, Western Digital, Technology, Computer, Western, Digital Locations: CY25
The problem: Conventional scorekeeping for chip companies may miss the scale of Nvidia's opportunity ahead. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. "Health care will be the largest technology industry in the coming years," Powell predicted at the TD Cowen conference. However, Powell said Nvidia's previous work on autonomous driving help the company's push into new corners of that market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Morgan Stanley's, Colette Kress, Kress, Kimberly Powell, Powell, Cowen, haven't, Nvidia's, it's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Nvidia, Management, CNBC Locations: U.S
CCDH researchers tested AI image generators Midjourney, Stability AI’s DreamStudio, OpenAI’s ChatGPT Plus and Microsoft Image Creator. They found that each tool could be prompted to create misleading images related to either US presidential candidates or voting security. The researchers also used common “jailbreaking” techniques to try to get around any potential restrictions on creating misleading images. Overall, researchers say they found that the AI image generators created election disinformation in 41% of their test runs. Overall, the platforms were more likely to produce misleading images related to voting and ballots than of candidates.
Persons: David Holz, Donald Trump, CCDH, Trump, Joe Biden, Midjourney, Biden, ” DreamStudio, , Organizations: New, New York CNN, CNN, Microsoft, BBC, Trump, Locations: New York, United States, American
With Super Tuesday setting the US up for a Biden-Trump rematch, it looks like China has no good choices. But a rising perspective among experts on China posits that Beijing has good reason to hope Trump retakes the White House. Both President Joe Biden and Trump are expected to continue their aggression toward China, with Biden locking away US tech exports and Trump more recently threatening a 60% tariff on Chinese goods. Whichever way Beijing is betting, it's hard to say which man its preferred pick would be. AdvertisementWith close-to-clean sweeps across the board on Super Tuesday, both Biden and Trump are now all but confirmed to be their respective parties' nominees.
Persons: Trump, , Xi Jinping, Donald Trump, Joe Biden, Biden, Chengxin, Pan, MAGA, skittish, Stanley Rosen, Agathe Demarais, Demarais, shelve, China that's, it's, Ian Ja Chong, they're Organizations: Biden, Trump, Service, China, Associated Press, University of Macau, University of Southern California's China Institute, geoeconomics, European Council, Foreign Relations, Foreign Policy, National University of Singapore, White Locations: China, Beijing, Shanghai, Ukraine, Russia, New York
Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. Apple and Spotify have rival audio streaming services. "New AI services should compel users to upgrade iPhones, driving a Supercycle in 2025," the analysts said in a note to clients Monday. Melius also sees upside to Apple Services due to AI-infused software features.
Persons: , Jim Cramer, Jim, Tim Cook, Apple, we're, Melius, Jim Cramer's, Scott Eells Organizations: Apple, European, European Union, Spotify, European Commission, Big Tech, Microsoft, Nvidia, Nvidia's, Huawei, India . Club, Apple Music, Research, Apple Services, CNBC, Nasdaq, Bloomberg, Getty Locations: Europe, American, China, India, New York
And yet bosses of major carriers are already talking about building something called "5.5G," or "5G Advanced." Carriers in China, South Korea, the United States, and Europe, properly got underway with launches of 5G networks in 2019. 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. 5G advanced — 5G standalone, that's absolutely fine. Telcos haven't yet revealed how much more a 5G Advanced data plan will cost compared with 5G.
Persons: Angel Garcia, it's, GSMAi, Milind Kulkarni, Howard Watson, 5.5G, Watson, execs, Mats Granryd, Granryd, Karen Tso, Telcos, Philip Song Organizations: Bloomberg, Getty, Spain — Telecom, Mobile, Congress, MWC, Deutsche Telekom, Telefonica, BT, Vodafone, Facebook, YouTube, Netflix, Apple, Apple Vision, Meta Quest, Telecommunications, 3GPP, CNBC, telco, Huawei, 5G, 5.5G Locations: BARCELONA, Spain, Barcelona, Orange, China, South Korea, United States, Europe, East, Asia Pacific, America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyAI (literally) in your pocketTech workers are criticizing Humane's hotly anticipated Ai pin. AdvertisementIn fact, heavy hitters like legendary investor Vinod Khosla believe that AI devices will completely change how we interact with technology. Humane's Ai Pin, which can project text onto users' hands and translate voice messages, didn't get a warm welcome when it launched late last year .
Persons: , Oompa, I've, Willy Wonka, Elon Musk, Sam Altman, Humane's, Vinod Khosla, Samantha Stokes, Vishal Persaud, Khosla, Ai, didn't, Tim Cook, Salesforce's Marc Benioff, OpenAI's Sam Altman, Franck Robichon, Paul Krugman, shouldn't, we're, Wells, Bank of America's Merrill, Bitcoin, Tyler Le, maven, Alexei Navalny's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Humane, Khosla Ventures, Rabbit, Bank of America's, Wall, The New York Times, WW, SEC Locations: Franck, Wells Fargo, New York, London
Elon Musk isn't fazed by a humanoid robot startup's newly announced collaboration with OpenAI. Musk is also making a humanoid robot, Optimus, through Tesla. "Bring it on," Musk posted in response to Figure AI cofounder Brett Adcock's Thursday announcement of a collaboration with OpenAI to develop AI-powered machines. The comment was a tacit acknowledgment that Figure and OpenAI are rivals to the Tesla CEO's own AI ambitions. Musk unveiled tech startup xAI last year, which debuted AI chatbot Grok last November.
Persons: Elon, OpenAI, , they're, Musk, Brett Adcock's, Tesla, chatbot Grok Organizations: Tesla, Service, Business
Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.
Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea
Many employees on the nearly 2,000-person team will be tasked to work on Apple's AI unit instead, Bloomberg said. There has been little public info about Apple's self-driving car ambitions, but reports first surfaced back in 2014 when the company poached automotive engineers from other firms. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Tim Cook, Bloomberg, Cook, we're, ChatGPT, Jim Cramer, Jim, Tesla, he's, it's, Apple's, Morgan Stanley, Siri, Jeff Marks, Jim Cramer's, Eduardo Munoz Organizations: Apple, Bloomberg News, Big Tech, General Motors, Club, Ford Motor, GM, Bloomberg, UBS, CNBC Locations: U.S, New York
Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.
Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England
It's something that has appeared in fiction writing on imagined future wars but is also being looked at right now. AI "can shape the wargames and actually the whole future of war," Yasir Atalan, an associate data fellow at the Center for Strategic and International Studies, told Business Insider. In February 2023, for instance, the US military let AI successfully pilot a fighter jet and engage in simulated air-to-air combat. Wargaming expert Ivanka Barzashka has also raised concerns that AI may obscure explanations for actions, potentially leading to faulty conclusions. "When people are using these LLMs in their approach, they need to be transparent, they need to show their prompting," Atalan said.
Persons: , Yasir Atalan, Thomas Mort, CSIS's Benjamin Jensen, Dan Tadross, Atalan, Cpl, Yvonna, Alan Turing, Barzashka, Javier Chagoya, it's Organizations: Service, Business, Center for Strategic, International Studies, Naval Postgraduate School, Mobile Education Team, US, CSIS, US Marine Corps, 22nd Marine Expeditionary Unit, RAND, The, Atomic Scientists Locations: Wiesbaden, Germany, London, warfighting
While some optimists focus on AI's benefits in education, others fear that using AI in classrooms could catalyze cheating and misinformation. This is where AI literacy can be useful. Created within the Stanford Graduate School of Education, CRAFT is a collaborative effort of Stanford education researchers, software developers, and curriculum developers. Lee also told BI that AI literacy in classrooms "should involve recognition of where AI can be effective and where it requires extra vigilance." He said the school also hopes to grow CRAFT's teacher codesign fellowship through which fellows develop AI literacy lessons.
Persons: , OpenAI, Victor Lee, Lee, Matthew Ratz, Ratz, ChatGPT, Erin Reddick, who's, Reddick, Houghton Mifflin Harcourt Organizations: Stanford, Service, Allied Market Research, Arizona State University, ASU, Stanford Graduate School of Education, Montgomery College, TED, Ratz, Houghton Locations: North America, Jasper, Houghton Mifflin
The bank increased its price target for Nvidia to $820 from $575 in a Feb. 22 note. TD Cowen said in a Feb. 21 note that the company is likely to maintain strong data center growth in the coming years. It raised its price target for Nvidia from $800 to $925. Luria only has a neutral rating for Nvidia, giving it a $410 price target — implying a 47% downside. Bottomline: According to FactSet, analysts covering Nvidia gave it a 93% buy rating, with an average price target of $850.97, implying upside of 8.4%.
Persons: Jeff Pu, CNBC's, TD Cowen, BofA, Gil Luria, D.A, Davidson, Luria, — CNBC's Michael Bloom Organizations: Nvidia, Citi, Haitong, Apple, NVIDIA, Microsoft, Google, AMD, Intel Locations: BofA
The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.
Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai
In response, the platforms have pledged to set high expectations in 2024 for how they “will manage the risks arising from deceptive AI election content,” according to the joint accord. This included rolling back election misinformation policies designed to limit “Big Lie” content about the 2020 vote. Their role as conduits of misinformation will likely increase as the sophisticated AI tools needed to create deepfakes of politicians become more widely available to users of social media. As we learned in the aftermath of the 2020 vote, there are dangerous, real-world consequences when platform companies retreat from commitments to root out disinformation. Unless the companies permanently restore election integrity teams and actually enforce rules against the rampant abuse of AI tools, democracy worldwide could well hang in the balance.
Persons: Timothy Karr, ” Timothy Karr, Joe Biden’s, they’ve, Paul Vallas, Vallas Organizations: Free Press, CNN, Google, Microsoft, Meta, Building, YouTube, Chicago mayoral, Federal Trade Commission Locations: United States
As video game worlds get more expansive, some game studios are experimenting with AI tools to give voice to a potentially unlimited number of characters and conversations. Some fear that AI voices could replace all but the most famous human actors if big studios have their way. SAG-AFTRA has already made a deal with one AI voice company, Replica Studios, announced last month at the CES gadget show in Las Vegas. It sets terms that also allow performers to opt out of having their voices used in perpetuity. We’re not replacing actors.”It was Replica Studios that first reached out to Magee about a voice-over audio clip he had created demonstrating a Scottish accent.
Persons: Andy Magee, Magee, aren't, , they've, Joe Biden, Anthony Bourdain —, , Sarah Elmaleh, “ We’ve, Elmaleh, ” Elmaleh, AFTRA, Fran Drescher, Shreyas Nivas, Nivas, , Zeke Alton, hasn't, Alton, ” Alton Organizations: Screen, American Federation of Television, Radio Artists, SAG, Studios, CES Locations: Scottish, Northern Ireland, British, U.S, Fortnite, Las Vegas, Vancouver , British Columbia
In Gemini 1.5, improvements to the new tech are leaps and bounds above what the original Gemini can do. Gemini 1.5 Pro's context window capacity, however, can handle up to 1 million tokens. Gemini 1.5 is also getting better at generating good responses from super-long queries, without a user needing to spend much additional time fine-tuning their queries. Google says that in rolling out Gemini 1.5, it underwent extensive ethics and safety testing to greenlight it for wider release. The tech company has conducted research on AI safety risks and has developed techniques to mitigate potential harm.
Persons: , Sundar Pichai, Demis Hassabis, OpenAI's, Febrary, MoE Organizations: Service, Google, Gemini
Scott said he's currently using side-hustle money to pay off his truck and aims to pay off his house. Scott is interested in reducing his hours by the time he's 50 years old — but his dream age for this would be 45. For now, he's working on paying off some current financial obligations with the help of passive income and side hustles . AdvertisementAccording to the FAQ section of the site , pay for this work can start at $20 per hour or $40 per hour depending on the work. AdvertisementScott also has found the work is consistent, which he said is important if you're looking to earn from side hustles.
Persons: Scott, he's, , Scott's, it's, DataAnnotation Scott, DataAnnotation, didn't Organizations: Service, Amazon, YouTube, Business, YouTube YouTube, Connect, Influencer Locations: hustles
So, what if AI avatars that act and talk like employees could be present in the (virtual) room on their behalf? Liang expects Otter's AI work persona will be able to answer 90% of the questions it's asked during meetings, he said. But the road to building trustworthy AI avatars is riddled with technical and social obstacles. "It needs to have the knowledge and emotional intelligence to participate in a productive way," Liang said about the AI. AdvertisementOtter itself launched a new feature this month where multiple people can ask an AI chatbot specific questions about meetings it's recorded.
Persons: Sam Liang, Otter, , Liang, it's, they'll, Elon Musk, Kendall Jenner, Tom Brady, togethers, they're Organizations: Business, Workers
"This dedicated AI program will accelerate students to become AI leaders as quickly as possible in order to address societal challenges as soon as possible." At Penn, all students in the AI program will be required to satisfy an ethics requirement. The new AI courses will be available to all Penn students, regardless of their major. "A cohort of AI engineering students makes for the perfect educational laboratory for testing how best to integrate AI in learning." Penn's new degree will be "training students for jobs that don't yet exist," Ghrist said in the press release.
Persons: Penn grads, Neera, George Pappas, Pappas, Robert Ghrist, Andrea Mitchell, Ghrist Organizations: University of Pennsylvania, Ivy League, Penn, Intelligence, Carnegie Mellon's School of Computer Science, Purdue's College of Science, Stanford University and Massachusetts Institute of Technology, UPS, Penn Engineering, CNBC, Robotics, Machine, Andrea Locations: Penn, U.S
Now, a group of leading tech companies say they are teaming up to address that threat. More than a dozen tech firms involved in building or using AI technologies pledged on Friday to work together to detect and counter harmful AI content in elections, including deepfakes of political candidates. Tech companies generally have a less-than-stellar record of self-regulation and enforcing their own policies. “Every election cycle, tech companies pledge to a vague set of democratic standards and then fail to fully deliver on these promises. To address the real harms that AI poses in a busy election year … We need robust content moderation that involves human review, labeling and enforcement.”
Persons: Brad Smith, OpenAI, , , Sam Altman, ” Nora Benavidez Organizations: New, New York CNN, Google, Meta, Microsoft, Adobe, “ Tech Accord, , Munich, Tech, Free Press Locations: New York
Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Nvidia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips, which underpin powerful AI models from Google, Amazon, OpenAI and others. TuSimple, an autonomous trucking company, rocketed 40% on Thursday after the disclosure of Nvidia's $3 million stake. Nvidia bought $50 million worth of shares in 2023 and now has an investment worth $76 million, according to its filing. In recent years, Nvidia has backed hot AI startups including Cohere, Hugging Face, CoreWeave and Perplexity.
Persons: Jensen Huang, SoundHound, TuSimple, what's, Nvidia's, they're, Jonathan Cohen Organizations: Nvidia, Investors, Apple, Microsoft, Google, Zebra, Nasdaq, Committee Locations: Taipei, U.S, SoundHound, TuSimple
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