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Elon Musk's X Corp., the parent company of Twitter, filed a lawsuit against four unknown entities last week over data scraping on Twitter. Data scraping is when automated programs scour publicly accessible websites to collect data, which can later be used for a wide range of purposes, including training artificial intelligence large language models, targeting online advertisements and much more. The ruling reaffirmed the appeals court's decision, finding that scraping public data does not violate the Computer Fraud and Abuse Act. "Corp. has also limited access to Tweets for users who are not signed in to registered Twitter account." "By unlawfully scaping data, Defendants flagrantly ignore not only Corp.'s Terms of Service, but also the privacy preferences of Twitter users," the filing stated.
Persons: Elon Musk, Porte, Elon, — CNBC's Lora Kolodny Organizations: Twitter, Viva Technology, Porte de, Elon Musk's X Corp, X Corp, U.S, Ninth Circuit, LinkedIn, Corp, " Corp Locations: Paris, Texas, Dallas County , Texas, U.S
Elon Musk launches his new company, xAI
  + stars: | 2023-07-12 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
Elon Musk, the CEO of Tesla and SpaceX, and owner of Twitter, on Wednesday announced the debut of a new AI company, xAI, with the goal to "understand the true nature of the universe." According to the company's website, Musk and his team will share more information in a live Twitter Spaces chat on Friday. Team members behind xAI are alumni of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter and Tesla, and have worked on projects including DeepMind's AlphaCode and OpenAI's GPT-3.5 and GPT-4 chatbots. Musk seems to be positioning xAI to compete with companies like OpenAI, Google and Anthropic, which are behind leading chatbots like ChatGPT, Bard and Claude. Musk reportedly incorporated xAI in Nevada in March.
Persons: Elon Musk, Musk, DeepMind's AlphaCode, OpenAI's, Bard, Claude, Dan Hendrycks, Greg Yang, Tesla Organizations: SpaceX, Twitter, Wednesday, Team, DeepMind, Google Research, Microsoft Research, Google, The Financial Times, Nvidia, Fox News Channel, Center, AI Safety, xAI, X Corp Locations: San Francisco, Nevada
As Microsoft -backed OpenAI and Google race to develop the most advanced chatbots, powered by generative artificial intelligence, Anthropic is investing heavily to keep up. Just a few months after raising $750 million over two financing rounds, the startup is debuting a new AI chatbot: Claude 2. "We have been focused on businesses, on making Claude as robustly safe as possible," said Daniela Amodei, who co-founded Anthropic with her brother, Dario. Claude 2 will initially only be available to users in the U.S. and U.K., and Anthropic plans to expand availability in the coming months. Since OpenAI introduced ChatGPT to the public late last year, the tech world has invested heavily in the potential of generative AI chatbots, which respond to text prompts with sophisticated and conversational replies.
Persons: Dario Amodei, Kamala Harris, There's, Claude 2, Claude, Anthropic, Daniela Amodei, Dario, we've, OpenAI, ChatGPT, it's Organizations: White, Microsoft, Google Locations: Washington, U.S, paywalls
1 and three-time grand slam champion Ashleigh Barty has welcomed her first child with her husband, Garry Kissick. The pair announced the arrival of their son, Hayden, in a joint Instagram post Tuesday captioned “Our beautiful boy.”“Welcome to the world, Hayden!” they wrote. Last year, Barty stunned the tennis world by announcing she was retiring from the sport at age 25 while she was the world No. I’ve said it to my team multiple times, it’s just I don’t have that in me anymore,” said Barty in March 2022 when she retired. In 2020, Barty won the women’s championship at the Brookwater Golf Club near Brisbane and 15-time major winner Tiger Woods once reportedly described her as having a “great swing.”
Persons: Ashleigh Barty, Garry Kissick, Hayden, , Barty, I’ve, it’s, , Tiger Woods Organizations: CNN, Former, Wimbledon, Australian, WTA Tour, Brisbane Heat, Bash League Locations: Australian, Brisbane
Apple's market cap passes $3 trillion in early trading
  + stars: | 2023-06-30 | by ( Hayden Field | ) www.cnbc.com   time to read: +1 min
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple 's market cap topped $3 trillion during premarket trading on Friday as shares climbed about .93% to new a new high and passed the $190.73 price required to hit the milestone, according to CNBC's most recent share count. Apple was the first company to hit a $3 trillion market cap during intraday trading in Jan. 2022, but it failed to close at that level. It shows investors remain bullish on the stock and Apple's portfolio of products and services, despite the company's warning in May that its current quarter revenue is expected to fall about 3%. Investors see the company as one of the bright spots during a year of turbulence in tech, with tech giants committing to "do more with less" amid a "year of efficiency" and laying off thousands of employees.
Persons: Tim Cook, Apple, Wedbush's Dan Ives Organizations: Apple, Apple's Worldwide, Investors Locations: Cupertino , California, Cupertino
The first drug fully generated by artificial intelligence entered clinical trials with human patients this week. "It is the first fully generative AI drug to reach human clinical trials, and specifically Phase II trials with patients," Alex Zhavoronkov, founder and CEO of Insilico Medicine, told CNBC. "While there are other AI-designed drugs in trials, ours is the first drug with both a novel AI-discovered target and a novel AI-generated design." One is a Covid-19 drug in phase one clinical trials, and the other is a cancer drug, specifically a "USP1 inhibitor for the treatment of solid tumors," that recently received FDA approval to initiate clinical trials. "I never imagined in those early days that I would be taking my own AI drugs into clinical trials with patients.
Persons: Alex Zhavoronkov, Zhavoronkov, Insilico Organizations: Insilico, National Institutes of Health, CNBC Locations: Hong Kong, U.S, China
In the latest blow to Reddit after its controversial billing changes, the makers of Minecraft — one of the best-selling video games of all time — have quit the platform. "Reddit management introduced changes recently that have led to rule and moderation changes across many subreddits," a tech lead at Mojang Studios, the Microsoft-owned company behind Minecraft, posted on the r/Minecraft Reddit community Tuesday. "Because of these changes, we no longer feel that Reddit is an appropriate place to post official content or refer our players to." An update to the post clarified that it is not an official policy for all of Mojang Studios, Xbox or Microsoft. The protests included the wildly popular r/Funny, with more than 40 million members, along with r/Music and r/Science, each boasting more than 30 million users.
Persons: Minecraft, , Reddit Organizations: Mojang Studios, Microsoft, Java, Xbox, Reddit, Guinness World Records, CNBC
Meta to pull news from Facebook and Instagram in Canada
  + stars: | 2023-06-23 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
Meta has announced it would shut down access to news on Facebook and Instagram in Canada after the country's federal government passed the Online News Act, or Bill C-18, a law mandating that tech companies pay content fees to domestic media outlets. In response, Meta took a similar path to its current approach in Canada, blocking users from seeing or sharing news content on Facebook. Within a week, Meta relented and came to a deal with the Australian government, via amendments to the law allowing tech companies two months to negotiate with media outlets. Meta said it would remove news from Facebook and Instagram if the law passed in California, similar to its current strategy in Canada. "While these product tests are temporary, we intend to end the availability of news content in Canada permanently following the passage of Bill C-18," Meta wrote in the statement.
Persons: Meta, Bill C Organizations: Facebook Locations: Canada, Australia, California, U.S
House Republicans moved to effectively strip security clearances from former intelligence officials that raised questions about Hunter Biden's emails. The letter did not propose any evidence of Russian action or even explicitly suggest that Moscow was behind the story. Years later, The Washington Post commissioned two security experts who verified thousands of emails from the hard drive that contained copies of Biden's emails, photos, and other messages that were left at a Delaware computer repair store. "Is it the role of this committee to ban individuals from having security clearances for signing their name to a letter – expressing their opinions as ordained in the Constitution?" "If we want to take this committee down a road of punitive action, I have plenty of members of the Trump administration who I think should never hold security clearances again based on their actions surrounding January 6th," she said.
Persons: Hunter, , Mike Hayden, Leon Panetta, John Brennan, Nick Shapiro, Trump's, Rudy Giuliani, Elon Musk, Betty McCollum, McCollum, Trump Organizations: Republicans, Democrat, Service, House Appropriations, CIA, New, Politico, The, Washington Post, Defense, Minnesota Democrat, Pentagon, Democratic Locations: Moscow, York, Delaware, Minnesota, Washington
Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.
Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, , David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal
Three industry professionals told Insider that incidents like this also happen in the US, and that homeowners should be taking steps to avoid it happening to them. The frequency of this specific type of fraud is hard to quantify, with most data tending to focus on the prevalence of mortgage fraud as a whole. Industry professionals told Insider in March that real-estate fraud as a whole has surged in the past year. Even in cases where the defrauded individuals successfully contest the loan, Berg said it can still be "costly and, of course, upsetting." The experts agreed that another way to stay safe is by purchasing insurance, such as an owner's title policy.
Persons: , Jay Allen Macdougall, Macdougall, Josh Migdal, Migdal, Hayden, Arthur Pfizenmayer, Pfizenmayer, Bridget Berg, Berg Organizations: Service, Toronto, FBI, Federal Trade Commission, Industry, United States Sentencing Commission Locations: Canada, Pfizenmeyer, CoreLogic
Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals. Google is one of the leading developers of generative AI with its chatbot Bard, alongside Microsoft -backed OpenAI with its ChatGPT bot. While OpenAI CEO Sam Altman touted the idea of a new government agency focused on AI to deal with its complexities and license the technology, Google in its filing said it preferred a "multi-layered, multi-stakeholder approach to AI governance." "At the national level, we support a hub-and-spoke approach—with a central agency like the National Institute of Standards and Technology (NIST) informing sectoral regulators overseeing AI implementation—rather than a 'Department of AI,'" Google wrote in its filing. "There is this question of should there be a new agency specifically for AI or not?"
Persons: Bard, Sam Altman, Emily M, Bender, Brad Smith, Greg Brockman, Ilya Sutskever, execs, Global Affairs Kent Walker, he's, Helen Toner, OpenAI Organizations: Google, National Telecommunications, Washington Post, Microsoft, National Institute of Standards, Technology, NIST, AI, FDA, University of Washington's Computational, Laboratory, Twitter, International Atomic Energy Agency, Post, Global Affairs, Georgetown's Center for Security, Emerging Technology, CNBC
The effort, first reported by CNBC, marks Amazon’s latest attempt to incorporate generative AI into its services and has the potential to help customers quickly determine the pros and cons of various products. “Given that generative AI is based on probability, mistakes are possible … and summaries may not be an accurate reflection of customer reviews,” said Reece Hayden, a senior analyst at market research firm ABI Research. “These reviews will be treated equally and therefore the summary may reflect fake, non-customer reviews,” Hayden said. Amazon isn’t the only e-commerce company blending generative AI into the shopping experience. Some companies such as Shopify and Instacart are using the technology to help inform customers’ shopping decisions.
Persons: , Reece Hayden, ” Hayden, Andy Jassy, Dave Limp Organizations: CNN, CNBC, ABI Research, eBay
DocuSign shares rise on earnings beat and strong guidance
  + stars: | 2023-06-08 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
DocuSign, the e-signature provider, reported an earnings and revenue beat for the fiscal quarter ended April 30, alongside announcing a handful of C-suite hires and new service offerings. Here's how the company did:Earnings: 72 cents per share, adjusted, vs. 56 cents per share expected by analysts, according to Refinitiv. 72 cents per share, adjusted, vs. 56 cents per share expected by analysts, according to Refinitiv. Revenue: $661 million vs. $642 million expected by analysts, according to Refinitiv. For the fiscal second quarter, DocuSign expects revenue of $675 million to $679 million, compared to analyst estimates of $667 million, according to Refinitiv.
Persons: DocuSign, Blake Grayson, Dmitri Krakovsky —, Kurt Sauer, Allan Thygesen, Dan Springer Organizations: Inc, Apple, DocuSign, Google, SAP, Yahoo Locations: Dobbs Ferry , New York, U.S, Refinitiv
People picket outside of FOX Studios on the first day of the Hollywood writers strike on May 2, 2023 in Los Angeles. Hollywood is gearing up for another labor fight, and once again worries about artificial intelligence are front and center. Hollywood's talent wants to create guardrails for the use of artificial intelligence in future television and film productions. "Our members are human beings, not puppets, and it is a violation to use AI technology to make them do or say something without their informed consent." Actors have varying comfort levels with how AI is used, which is why SAG-AFTRA is looking to advocate for informed consent when it sits down with the AMPTP.
Persons: Bill Murray, Scarlett Johansson, Tilda Swinton, Timothee Chalamet, Wes Anderson, Duncan Crabtree, AFTRA, Crabtree, James Earl Jones, Jones, Darth Vader, Obi, Wan Kenobi, Anderson Organizations: FOX Studios, Hollywood, Alliance, Television Producers, Screen Actors Guild, American Federation of Television, Radio Artists, Star Wars, SAG, CNBC, of America, Writers Guild of America, Disney Locations: Los Angeles . Hollywood, Ireland
Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty ImagesVenture capitalist Marc Andreessen is known for saying that "software is eating the world." When it comes to artificial intelligence, he claims people should stop worrying and build, build, build. Andreessen writes that there's a "wall of fear-mongering and doomerism" in the AI world right now. Andreessen writes that people in roles like AI safety expert, AI ethicist and AI risk researcher "are paid to be doomers, and their statements should be processed appropriately," he wrote. In Andreessen's own idealist future, "every child will have an AI tutor that is infinitely patient, infinitely compassionate, infinitely knowledgeable, infinitely helpful."
Persons: Andreessen Horowitz, Marc Andreessen Justin Sullivan, Marc Andreessen, Andreessen, It's, it's, Bill Gates, Sam Altman, Demis Hassabis, Ben Horowitz Organizations: Getty Images Venture, Nvidia, Microsoft, Center, AI Safety, Tech Locations: China
Apple CEO Tim Cook arrives for the season three premiere of "Ted Lasso" at the Regency Village Theater in Los Angeles, California, on March 7, 2023. Apple CEO Tim Cook said recently that he uses ChatGPT, the AI chatbot, and is excited about the tool's "unique applications." Cook added that large language models — the AI tools that power chatbots like OpenAI's ChatGPT and Google's Bard — show "great promise" but also the potential for "things like bias, things like misinformation [and] maybe worse in some cases." The Apple CEO also offered his thoughts on regulation and guardrails, saying they're needed but that AI is powerful and the tech's development is moving quickly. "If you look down the road, then it's so powerful that companies have to employ their own ethical decisions," Cook said.
Persons: Tim Cook, Ted Lasso, ABC's, Cook, Bard, they're, Sam Altman, Demis Hassabis, Dario Amodei Organizations: Apple, Village, GMA Locations: Los Angeles , California
Justin Sullivan | Getty ImagesAt its annual developers conference Monday, Apple debuted iOS 17 and the slew of updates it will bring to iPhones everywhere later this year. Live transcription will be coming for phone voicemails, so users don't have to listen to get the message. Group chat hacks and voice note transcriptionIf you're the notorious flake in group chats, iOS 17 has an important feature for you. You can go beyond the normal emoji and now use your own photos to create reactions, including animated stickers from Live Photos. For those who like to overshare on voice messages, iOS 17 is delivering automatic transcriptions.
Persons: Tim Cook, Justin Sullivan, Apple, Craig Federighi, Apple's Organizations: Apple Worldwide, Apple, Apple Watch Locations: Cupertino , California
WASHINGTON, June 5 (Reuters) - The U.S. Treasury said it can now meet the federal government's payment obligations after a debt ceiling suspension, despite earlier warnings that it would run short of funds on Monday if Congress failed to act. "Now that Congress has acted to suspend the debt limit, Treasury has the tools needed to ensure that the U.S. continues to meet all of our obligations," Treasury spokesperson Christopher Hayden said in an emailed statement on Monday. Reporting by David LawderOur Standards: The Thomson Reuters Trust Principles.
Persons: Christopher Hayden, David Lawder Organizations: U.S . Treasury, Treasury, Thomson Locations: U.S
Searching for an old email containing guidelines from your boss, your friend's address or your airline rewards number is about to get a whole lot easier, according to Google. On Friday, the company announced an artificial intelligence update for Gmail: Over the next 15 days, end users will begin to see "top results" when they search their inboxes, featured above the "all results" section. The new category is fueled by Google's machine learning models, which will analyze the search term, most recent emails and "other relevant factors" to determine which messages count as the best match for the query. The news is the latest in a line of strategic changes for the email service, including a controversial update to the inactive account policy in May: Once a Google account has not been used in two years, the company may then delete the account, including all its content and data. In February, Google completed the rollout of its new Gmail interface for every user, which featured a redesign and emphasis on the company's other productivity tools.
Organizations: Google
OpenAI is taking up the mantle against AI "hallucinations," the company announced Wednesday, with a newer method for training artificial intelligence models. To date, Microsoft has invested more than $13 billion in OpenAI, and the startup's value has reached roughly $29 billion. AI hallucinations occur when models like OpenAI's ChatGPT or Google 's Bard fabricate information entirely, behaving as if they are spouting facts. OpenAI's potential new strategy for fighting the fabrications: Train AI models to reward themselves for each individual, correct step of reasoning when they're arriving at an answer, instead of just rewarding a correct final conclusion. OpenAI has released an accompanying dataset of 800,000 human labels it used to train the model mentioned in the research paper, Cobbe said.
Persons: OpenAI, Bard, James Webb, ChatGPT, they're, Karl Cobbe, Cobbe, Ben Winters, it's, Winters, Suresh Venkatasubramanian, Venkatasubramanian, … It's, Sarah Myers West, hasn't Organizations: Microsoft, James Webb Space, New, CNBC, Privacy, Center, Brown University Locations: OpenAI, New York
The easiest trade of the year is fizzling, and the lost momentum is keeping investors' money out. "I will not put any more money into stocks until all my losses are recovered," he said. Interviews with a dozen more small investors showed the sentiment to be reasonably widespread. Brokerage account creation, while volatile, likewise dropped off in April after promising momentum in February and March, China Securities Depository and Clearing data showed. "It is as if stocks are losing faith in the China recovery story," said Grow Investment Group chief economist Hong Hao.
The easiest trade of the year is fizzling, and the lost momentum is keeping investors' money out. Interviews with a dozen more small investors showed the sentiment to be reasonably widespread. Brokerage account creation, while volatile, likewise dropped off in April after promising momentum in February and March, China Securities Depository and Clearing data showed. "It is as if stocks are losing faith in the China recovery story," said Grow Investment Group chief economist Hong Hao. China's April industrial output and retail sales growth undershot forecasts as the recovery turned wobbly.
Persons: Eric Yu, Yi Huiman, Hong Hao, Wang Zaizheng, Chi Lo, Hayden Briscoe, Meng, Jason Xue, Winni Zhou, Tom Westbrook, Shri Navaratnam Organizations: China Securities Regulatory, JPMorgan, China Securities Depository, Mutual, Grow Investment Group, Management, UBS Asset Management, Thomson Locations: SHANGHAI, SINGAPORE, China's, Shanghai, China, United States, Hong Kong, Asia, Pacific, Singapore
For now, tech companies seem to view both trust and safety and AI ethics as cost centers. That included all but one member of the company's 17-person AI ethics team, according to Rumman Chowdhury, who served as director of Twitter's machine learning ethics, transparency and accountability team. Chowdhury referenced an initiative in July 2021, when Twitter's AI ethics team led what was billed as the industry's first-ever algorithmic bias bounty competition. Still, sources familiar with the matter said that following the layoffs, the company has fewer people working on misinformation issues. watch nowFor those who've gained expertise in AI ethics, trust and safety and related content moderation, the employment picture looks grim.
Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.
Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice
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