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☆ Morgan Stanley's equity analyst just struck a cautious tone on Alphabet. Here's why
▼ + stars: | 2023-11-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Speaking at the investment bank's Asia-Pacific Summit 2023 in Singapore, he said that Alphabet has "less significant upside estimates." GOOGL YTD mountain Year-to-date shares of Alphabet Morgan Stanley has cut its target price on Alphabet by around 3%, citing expectations of higher operating expenses and a dip in revenue from key segments. Its previous target price was $155. Meanwhile, its bear case is reflected with a price target of $90 and would follow a slowdown in global ad growth and margin pressures. Of the 56 analysts covering Alphabet, 82% have a buy or overweight call on the stock, at a mean target price of $152.77, according to FactSet.

Persons: Morgan Stanley, Brian Nowak, CNBC's, Nowak, Bard, Google's, Alphabet Morgan Stanley, Morgan, —, Isabella Lok Organizations: Meta, Apple, Microsoft, Nvidia, Google, Google's Gemini, Alphabet, YouTube, Cloud, SBC Locations: Asia, Singapore

☆ Google’s Bard Just Got More Powerful. It’s Still Erratic.
▼ + stars: | 2023-09-20 | by ( Kevin Roose | More About Kevin Roose | ) www.nytimes.com time to read: +1 min

This week, Bard — Google’s competitor to ChatGPT — got an upgrade. One interesting new feature, called Bard Extensions, allows the artificial intelligence chatbot to connect to a user’s Gmail, Google Docs and Google Drive accounts. (Google also gave Bard the ability to search YouTube, Google Maps and a few other Google services, and it introduced a tool that would let users fact-check Bard’s responses. Bard Extensions is designed to address one of the most annoying problems with today’s A.I. Many people — including me — have most of their digital lives on Google’s apps and could benefit from A.I.

Persons: Bard —, ChatGPT —, Bard, today’s Organizations: Google

The American workers who have had their careers upended by automation in recent decades have largely been less educated, especially men working in manufacturing. But the new kind of automation — artificial intelligence systems called large language models, like ChatGPT and Google’s Bard — is changing that. The jobs most exposed to automation now are office jobs, those that require more cognitive skills, creativity and high levels of education. The workers affected are likelier to be highly paid, and slightly likelier to be women, a variety of research has found. In a majority of jobs, the models could do some of the tasks, found the analyses, including from Pew Research Center and Goldman Sachs.

Persons: Bard —, “ It’s, ”, Erik Brynjolfsson, Goldman Sachs Organizations: Stanford Institute for, Labor, Pew Research Center

☆ We’re Using A.I. Chatbots Wrong. Here’s How to Direct Them.
▼ + stars: | 2023-07-20 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Anyone seduced by A.I.-powered chatbots like ChatGPT and Bard — wow, they can write essays and recipes! — eventually runs into what are known as hallucinations, the tendency for artificial intelligence to fabricate information. The chatbots, which guess what to say based on information obtained from all over the internet, can’t help but get things wrong. Yet as mainstream tech tools continue to integrate A.I., it’s crucial to get a handle on how to use it to serve us. But when directed to use information from trusted sources, such as credible websites and research papers, A.I.

Persons: A.I

☆ Tim Cook uses ChatGPT and says Apple is looking at it closely
▼ + stars: | 2023-06-06 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

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

☆ A College President Defends Seeking Money From Jeffrey Epstein
▼ + stars: | 2023-05-05 | by ( Vimal Patel | ) www.nytimes.com time to read: +1 min

It may seem, at first blush, an unlikely connection: Leon Botstein, the president of Bard, one of the country’s most progressive colleges, and Jeffrey Epstein, the disgraced billionaire accused of sexually abusing teenage girls. But reporting from The Wall Street Journal this week showed that Dr. Botstein did not just pursue Mr. Epstein hoping to raise money, he did so repeatedly. He made frequent visits to Mr. Epstein’s Upper East Side townhouse, and Mr. Epstein and his entourage hopped by helicopter to Bard’s lush campus in the Hudson Valley. Dr. Botstein said in interviews with The New York Times that the visits were all about funding for Bard — for the school’s commitment to social justice, its prisoner education program, its liberal arts mission. Capitalism is a rough system.”

☆ TikTok CEO Shou Zi Chew has the internet eating out of his hand
▼ + stars: | 2023-03-25 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Well, court filings have laid bare the company's excessive spending habits on luxury estate, hotels and, of course, a yacht. Shou Zi Chew said the average TikTok user was "an adult well past college age." Wall Street says TikTok CEO Shou Zi Chew had a "disaster" day in Congress. Wall Street may have dubbed Chew's testimony a "disaster," but by the end of it, Chew had the internet eating out of his hand. Google Bard is already behind in the AI wars.

☆ Two Google engineers built a ChatGPT-like AI chatbot years ago, but execs reportedly shut it down due to safety concerns
▼ + stars: | 2023-03-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Ex-Google engineers developed a conversational AI chatbot years ago, per The Wall Street Journal. Google is now racing to catch up with Microsoft's AI and plans to release its AI chatbot this year. "It caused a bit of a stir inside of Google," Shazeer said in an interview with investors Aarthi Ramamurthy and Sriram Krishnan last month. But Google's AI plans may now finally see the light of day, even as discussions around whether its chatbot can be responsibly launched continue. Alphabet chairman John Hennessy agreed that Google's chatbot wasn't "really ready for a product yet."

☆ Mark Cuban: Internet misinformation will only ‘get worse’ as ChatGPT and its competitors grow
▼ + stars: | 2023-02-12 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Mark Cuban may be entertained by chatbots like Microsoft-backed ChatGPT and Google's upcoming Bard — but he isn't ready to trust them. Right now, misinformation tends to spread through social media platforms like Facebook or Twitter — and that's with some semblance of human guardrails in place, Cuban said. But so far, the technology isn't showing itself to be smarter than the average human. That's a problem, especially for large swaths of people who don't always fact check claims they see on the internet, Cuban said. Microsoft, for its part, acknowledges that the technology behind ChatGPT isn't perfect — even as it plans to incorporate it into an upcoming version of its search engine, Bing.

☆ Whoops: Google's ad for new ChatGPT rival Bard shows the AI chatbot giving an inaccurate answer
▼ + stars: | 2023-02-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Google recently revealed its experimental AI chatbot, Bard, a rival to OpenAI's viral ChatGPT. In an ad for Bard, the chatbot gives an inaccurate answer to a question about the James Webb Space Telescope. The ad depicts the chatbot giving an inaccurate answer to a question about the James Webb Space Telescope (JWST), Reuters first reported. In the ad, a user asks Bard, "What new discoveries from the James Webb Space Telescope can I tell my 9 year old about?" Shares of Alphabet, Google's parent company, have fallen by over 8% since Google's AI showcase in Paris this morning.

☆ Despite Alphabet's AI event flop — remember, Google dominates search for now. That's what matters
▼ + stars: | 2023-02-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While Microsoft's new AI capabilities could take some market share from Alphabet, Google is still the unshakable leader in search. Alphabet also showed AI-enabled capabilities to Google Maps and Google Lens, allowing users to search for images from their phone's camera. Looking at Alphabet's total revenue of $76.05 billion during the fourth quarter , about 57% came from Google Search & Other. But data from Statcounter shows Google accounts for 93% of search engine market share in all platforms including desktop, tablet and mobile, overshadowing Bing's 3% market share. But Google search, the preferred platform for users, still has the edge with advertisers over Microsoft's Bing.

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