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If AI tools on phones can really set them apart from current devices, consumers have a new reason to buy a fresh handset. Advertisement"We see the introduction of AI smartphones (IntelliPhones) as a once in a decade upgrade event," Mohan wrote. At Google's I/O conference earlier this month, the internet giant showed off several new AI capabilities for Pixel, Samsung, and other Android phones. AdvertisementMohan at BofA describes a wide range of new capabilities that could set IntelliPhones apart from smartphones and fire up the mother of all upgrade cycles. "We view the upcoming AI enabled phones (IntelliPhones) to drive a multi-year upgrade cycle similar to the step function improvement driven by the introduction of smartphones," he wrote, calling this a "once in a decade type of event."
Persons: , Apple, Wamsi Mohan, Mohan, Sameer Samat, Siri Organizations: Service, Bank of America Securities, Business, iPhones, Wall Street, Pixel, Samsung, Google, Apple Locations: Google's, BofA
iMessage, FaceTime, and HomeKit experienced outages for nearly an hour Thursday afternoon. The outages, rare for Apple services, affected many users from 2:49 pm to 3:35 pm PT. Android users mocked the iMessage outage, highlighting the ongoing Apple-Google rivalry. iMessage went down for almost an hour, so it's not you. On Thursday afternoon, the tech giant posted on its System Status dashboard that "Users were unable to use" iMessage, along with FaceTime and HomeKit.
Persons: , iMessage Organizations: Apple, Service
In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.
Persons: , Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London
This job also includes Android TV, Android Auto, and new augmented and mixed-reality technology. With Google's new Gemini AI models, "we can do things that have never been possible on smartphones," he added. The "System UI" levelThis is possible because Google has baked Gemini AI models and assistant technology into the "System UI" level on Android devices. However, he stressed that this doesn't mean the company can't build unique experiences on Android devices, including many new AI experiences. This works through a combination of Google Search, Gemini AI technology, and Android — something that's not possible on any other platform, Samat said.
Persons: , Sameer Samat, Zak Brown, Samat, He's, It's, Gemini Organizations: Service, Google, Android Ecosystems, Android, Android Auto, Business, Apple, Samsung, Gemini
After the keynote, journalists were herded over to a demo area for Project Astra. Before we went in, while waiting in line, two members of the Project Astra team from DeepMind walked us through how to use the technology. Google's Gemini model reviewed the phone's live video and said I was wearing casual clothes. He's been at DeepMind for about a decade and we discussed the origins on Project Astra. Beyond chatbotsThis is part of what inspired Project Astra, Wayne said.
Persons: , We've, Demis Hassabis, DeepMind, Max Cherney, Max, Google's, Gemini, I'd, Gregory Wayne, Captain Cook, He's, he's, Cook, Wayne, SuperEvilMegaCorp Organizations: Service, Google, Project Astra, Business, Reuters, Astra, Tierra del Fuego Locations: Tierra del, Silicon
Read previewSince ChatGPT burst onto the scene in 2022, there's been no real "killer app" to get consumers embracing AI in massive numbers. The internet, possibly the biggest killer app of all, made us all buy smartphones, tablets, and a host of other connected devices. AI killer app contendersAt its IO developer conference on Tuesday, Google showed off some pretty amazing AI killer app contenders. A Google AI model lurking on the phone (and in the cloud) answered correctly. The Google AI agent captured all the dates, times, and other details and automatically loaded them into the user's Google Calendar.
Persons: , there's, she'd, Warren Buffett, Bill Gates, Sundar Pichai, Sissie Hsiao, DeepMind's Hassabis, Pichai Organizations: Service, Business, Google, Astra, Microsoft Locations: London
Google's big summer conference, Google IO, kicks off today at 1 p.m. Business Insider will be in attendance and covering the biggest announcements — follow along below. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. ET to kick off Google IO, the company's annual developer conference. This story is available exclusively to Business Insider subscribers.
Persons: , it's, Sundar Pichai Organizations: Google, Service, Business
Want to fire your real estate agent? Try this.
  + stars: | 2024-05-07 | by ( Alistair Barr | )   time to read: +3 min
A $418 million legal settlement in March upended the residential real estate market. It's the brainchild of Lewis Buckley and Allan Wood who met during a private home sale process that — you guessed it — involved no real estate agents. In the US, commissions on home transitions have hovered between 5% and 6% of the sale price for decades. In the UK, real estate agents charge a 1% to 3% of the property sale price, and then sellers usually have to hire someone else to handle the legal stuff. Even with the lowest 1% commission rate of a traditional estate agent, a homeowner would save £4,605 if they paid Hiizzy's £395 flat fee.
Persons: , Lewis Buckley, Allan Wood, Albert Fox Cahn Organizations: Service Locations: Hiizzy
Max is the first AI contestant on "The Circle" — he's literally a chatbot. Max is pretty boring, but having an AI in the game turned it into a robot witch hunt. But bringing an AI player into the mix reflects some of the future online trials we're likely to face — and some that are already happening. Netflix"The Circle's" AI player is Max, a chatbot masquerading as a 26-year-old veterinary intern from Wisconsin who describes himself as an "animal whisperer with a knack for making bad pottery, no cap." AdvertisementMaybe the funniest part about Max is that they gave him his own apartment, complete with throw pillows of his human face.
Persons: Max, , Asimov, Lauren doesn't, He's, Griffin James, who's, Pippa, Steffi, Stephanie, Hill, OpenAI, Alistair Barr, Katie Notopoulos, I'm, Myles Organizations: Service, Netflix, Washington Post Locations: British, Wisconsin
A friend sought advice on a safe but not too-large car for his teenage sons. I drove a Hyundai Kona from Silicon Valley to Santa Barbara to find out if this car fits the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On a recent trip from Silicon Valley to visit UC Santa Barbara with my wife and daughter, I got to try out a vehicle that fits the bill: The 2024 Hyundai Kona. AdvertisementHere are the highlights of the trip and a rundown of what we loved, liked, and disliked about this vehicle.
Persons: I've, Santa Barbara, , It's Organizations: Hyundai, Service, UC Santa Barbara Locations: Hyundai Kona, Silicon Valley, Santa
I created my TikTok account at the pandemic's start while stuck at home with nothing to do. This story is available exclusively to Business Insider subscribers. What was true for me, at least, was that TikTok took hours away from my day. A better work-life balanceOther Gen Z TikTok addicts who spoke to the Journal shared similar concerns. TikTok did not respond to a request for comment from Business Insider.
Persons: , TikTok, it's, It's, Alistair Barr, there's, Zuckerberg, Z, Keilah Bruce, Gautam Mengi, Will, I've Organizations: Service, Business, Street Journal, Elon, Twitter, Wall Street
Tesla's US electric vehicle market share has grown to 51.3%, despite numerous challenges. Tesla's US market share actually grew in the first quarter. Related storySince the end of September, Tesla's share of the US EV market has grown by 1.3 percentage points to 51.3%. The next closest rival is Ford, with a meager 7.4% market share. These stats say more about the general sorry state of the US EV market.
Persons: Elon, , Tesla, Elon Musk, Cox Automotive's Kelley, Tesla's, That's Organizations: Service, Cox, US, Hyundai, VW, BMW, Ford, Rivian Locations: Polestar, China
A CEO and a VC used Google's Gemini AI models for investment advice. Gemini listed Google parent Alphabet as a top 'Bottleneck Stock.' The AI model noted Google's domination of the online advertising market. Every Media CEO Dan Shipper recently posted a video of him playing with Google Gemini AI models, including the fancy 1.5 version. This story is available exclusively to Business Insider subscribers.
Persons: , Dan Shipper, Jesse Beyroutey Organizations: Service, Every, Google, Business
Today, the emergence of huge AI models is turning this book-scanning debate on its head. So it's safe to interpret this comment as a yes: Google will use this data to train future AI models. Developers versus corporate customersThe internet giant treats information shared with its AI models and services differently, depending on the offering. It's probably why some big companies have sent around warnings again recently prohibiting employees from sharing sensitive data with AI models. Prompt data controlsHere are some other important tips for controlling how Google uses any prompts you submit to its AI models.
Persons: , Larry Page, Sundar Pichai, Gemini Organizations: Google Gemini, Service, Google, Gemini, Services
Read previewThe AI community assumes that OpenAI uses vast quantities of YouTube videos to train models, including its new Sora offering. The mystery is how OpenAI accesses enough YouTube content to make this work. Business Insider asked OpenAI whether it has downloaded YouTube videos at scale and whether the startup uses this content as data for AI model training. Google, OpenAI, and other tech companies are currently arguing that using copyrighted content for AI model training is also legal. And when pressed again about sources of training data, Murati replied, "I'm not going to go into the details."
Persons: , OpenAI, Mira Murati, Sora, I'm, Murati, Axel Springer, Ashley Stewart Organizations: Service, YouTube, Business, Google, Microsoft, Street
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at a potential exodus of stars from YouTube and what it means for the creator economy. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementBut some people who helped fuel YouTube's rise are walking away from the platform that gave them their big break. TikTok's challenges represent the ongoing uncertainty content creators face trying to make a living in such an unpredictable and shrinking world.
Persons: , we've, Rebecca Zisser, It's, Insider's Lindsay Dodgson, MatPat, Lindsay, Andy Kiersz, Critics, it's, Alistair Barr, Dan, Jamie Dimon doesn't, Dimon, Karim Qubadi, Abanti Chowdhury, OpenAI, Musk's, Christopher Nolan's, Tyler Le, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, YouTube, Business, Nielsen, Gaming, ISI, SensorTower, BI, CPI, JPMorgan, Elon, University of Chicago, Quest, realtors, Meta, Google, Companies, Adidas Locations: United States, New York, London
This is especially true for young users who are now entering a new busy time of life known as adulthood. AdvertisementAfter demolishing the competition from 2020 through the first half of 2022, TikTok's DAU growth rate has collapsed. One interesting theory is that TikTok users are growing up and taking on new responsibilities that leave less time to watch videos. If some of TikTok's core users can no longer afford to spend an hour a day on the app, that's not good for business. This is not just meThe Wall Street Journal recently interviewed a few TikTok users in their 20s.
Persons: , TikTok, it's, Brielle, There's, I'd, she'll, Keilah Bruce Organizations: Service, Evercore, YouTube, Facebook, Street Journal, Intelligence, Street Locations: TikTok
A Google employee was accused by the DOJ of stealing confidential AI technology. The DOJ also said he ran a Chinese-based startup while employed as a software engineer at Google. AdvertisementA Google employee indicted by the US Department of Justice has been accused of stealing confidential AI technology while secretly working for tech companies in China. The indictment said Ding, who lived in Newark and was a Chinese national, joined Google as a software engineer in 2019. In May 2022, Ding started secretly uploading confidential information from Google to his private Google Cloud account, the indictment alleged.
Persons: Linwei Ding, , Leon Ding, Ding, Castañeda, Merrick Garland Organizations: DOJ, Google, Service, US Department of Justice, Authorities, Business, Prosecutors, FBI, supercomputing Locations: China, Newark , California, Newark, Chinese
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."
Persons: , Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: , New York, London
The Google Gemini conspiracy theory
  + stars: | 2024-02-28 | by ( Alistair Barr | )   time to read: +4 min
Google had to pull parts of its fancy Gemini AI model after it spat out inaccurate images and text. To catch you up: Google had to pull part of its fancy new Gemini AI model after it spat out inaccurate pictures, including depicting Google cofounders Larry Page and Sergey Brin as Asian. One theory is that Googlers are too woke and their biases have infected what could be a powerful and useful AI model. AdvertisementIs this Google future? Probably not as profitable revenue as Google Search, but that's still a lot.
Persons: , there's, Larry Page, Sergey Brin, it's, Mark Shmulik, Bernstein, Sundar Pichai, Pichai, that's Organizations: Google, Service
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.
Persons: , Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, , Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London
Lyft mistakenly forecast 500 basis points of margin improvement for 2024, causing a stock surge. The error was later corrected to 50 basis points, and the shares came back to earth. Despite the typo, Lyft predicts healthy growth in rides for 2024. A closely watched profit margin should expand by about 500 basis points in 2024. Just not 500 basis points.
Persons: Lyft, Organizations: Service, Wall
Big Tech companies are testing AI tools internally in a massive 'dogfooding' experiment. This involves Big Tech companies taking large language models and generative AI tools and putting them to work inside their own organizations. The findings could also change how Big Tech companies operate — and how many expensive engineers they need. Big Tech companies want to sell AI tools to help businesses, developers, advertisers, creators, and other customers reach this new productivity nirvana. If these dogfooding tests go well, Big Tech companies may not need to hire as many workers in the future.
Persons: , It's, Googler Anthony Vallone, Ruth Porat, Hugh Langley, it's, BI's Ashley Stewart, Stewart, there's, Urs Hölzle Organizations: Big Tech, Google, Microsoft, Service, Microsoft Microsoft Locations: Silicon
2024 has started with another wave of tech industry layoffs. AdvertisementIn early 2023, a decade of abundance came to a painful end for many tech workers. Software job postings are also relatively healthy, suggesting that tech companies are still hiring even as they shed other workers. AdvertisementSmall, continual job cutsSo why does it still feel so grim across the tech industry? This year, there's small, continual job cutting by many tech companies, rather than a single huge round of layoffs.
Persons: Matt Hedberg, it's, Amazon, Meta, Mark Zuckerberg, hadn't Organizations: Google, RBC Capital Markets, Pharmacy
There's an "AI Cloud" future that excites investors. So far, Microsoft is winning the "AI Cloud" future. There's the "AI Cloud" future, where Nvidia GPUs and large language models form the foundation of new generative AI services delivered and rented over the internet. Then there's the existing "Cloud 1.0" business, where CPUs and more traditional servers support apps, websites and other software services. Microsoft's Azure cloud business saw revenue grow 28% in its latest quarter (fiscal Q2, calendar Q4).
Persons: , Mark Schilsky, Schilsky, Goldman Sachs, Bernstein Organizations: AWS, Microsoft, Service, Nvidia, Amazon, Services, Bernstein Research Locations: OpenAI
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