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☆ What's behind the latest odds in 2024 presidential election: Nate Silver
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's behind the latest odds in 2024 presidential election: Nate SilverNate Silver lays out all the reasons he thinks Donald Trump is more likely than Kamala Harris to win the election in an interview with CNBC's Jon Fortt at Tuesday's CNBC Technology Executive Council Summit in New York City.

Persons: Nate Silver Nate Silver, Donald Trump, Kamala Harris, CNBC's Jon Fortt Organizations: CNBC Technology Locations: New York City

☆ Nate Silver: Don't trust the Trump swing in 2024 presidential election polls, betting markets data
▼ + stars: | 2024-10-30 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +4 min

Silver told Fortt that his current model shows the odds favoring Trump, who holds a 55% to 45% win probability advantage over Harris. Most people no longer even have the landline phones which past election cycle polling history relied on. Why the betting markets may be all 'vibe and chatter'The betting markets show a much bigger edge for Trump, with major wagers placed on Polymarket, Robinhood jumping into the action, and presidential election contracts surging in popularity. Critics have raised concerns that the election betting markets are potentially being manipulated. But Silver, who is a consultant to one of the leading prediction markets, Polymarket, says he wouldn't pay much attention to the betting markets data right now, as they simply may not be very accurate at this moment in the election cycle.

Persons: Nate Silver, Donald Trump, Kamala Harris, Silver, Trump, CNBC's, Jon Fortt, Fortt, Harris, Ken Griffin, Stanley Drunkenmiller, Critics Organizations: New York Times, CNBC Technology, CNBC, Trump, Trump Media Locations: New York City

☆ Microsoft Copilot AI use extends deep into corporate America, but companies aren’t 100% sold
▼ + stars: | 2024-10-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

When asked whether it's been worth the cost ( $30 monthly per user in the case of Copilot), tech leaders say they aren't sure. According to recent Deloitte research, two-thirds of organizations are increasing gen AI investments based on "strong early value to date." There are multiple reasons why companies will still be short on confidence when it comes to enterprise AI adoption, according to Deloitte. The Azure cloud offering from its biggest AI partner and AI investment, OpenAI, is in use at nearly two-thirds of companies. Forty-six percent of CNBC survey respondents said that within their organizations at least half of employees are now using AI.

Persons: it's, Jim Rowan, Anthropic, Mistral, Eric Schmidt —, Morgan Stanley, Copilot, Rowan Organizations: CNBC, Microsoft, CNBC Technology, Council, Deloitte, Microsoft Microsoft, Fortune, Capital Group, Disney, Dow, Kyndryl, Novartis, Deloitte Consulting, Meta, Silicon, OpenAI, AIs Locations: Europe

☆ The gap between AI expectations and outcomes in the workplace are wide
▼ + stars: | 2024-08-09 | by ( Cate Tarr | Special To Cnbc.Com | ) www.cnbc.com time to read: +2 min

Despite companies' high expectations for productivity gains from generative AI technology, workers are finding far different results when those tools are added to their jobs. Nearly all of C-suite leaders — 96% — polled in an Upwork Research Institute study in July said they expect the use of gen AI tools to increase their company's overall productivity levels. More than 75% of employees said gen AI tools have even decreased their productivity and added to their workload. Meanwhile, companies are also increasing their spending on new AI tools. Finding a better way of matching executive expectations and worker outcomes is critical if companies want investments in generative AI to pay off.

Persons: Joe Atkinson, Atkinson Organizations: Research, CNBC Technology, PwC

☆ AI is consuming corporate tech spending budget, with most going to employee adoption
▼ + stars: | 2024-06-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +2 min

Among companies spending on AI, roughly four times as many are investing in employee-facing AI projects rather than customer apps, the survey also found. Sixty percent of the select group of companies responding to the survey described generative AI as critically important to their business, and artificial intelligence is the single-largest technology spending budget line item for the next year at 44% of companies. Cleaning up the vast amount of data already stored on a corporate enterprise is a process that could take a few years. "A lot of the spending on gen AI today does feel like it's more about prioritizing spending ... clients are focused on transforming using technology, data and AI, so a lot of what's driving our sales is getting ready for AI. We're seeing a lot of modern platforms being put in place because if you can't access your data, you're not going to be able to take advantage of AI," Sweet said.

Persons: Charles Giancarlo, Julie Sweet, Sweet Organizations: CNBC Technology, CNBC, Accenture

☆ Generative AI will be designing new drugs all on its own in the near future
▼ + stars: | 2024-05-05 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

An analogy for understanding the development of AI drugs can be found in the mechanisms of ChatGPT. As a result, it's a drug discovery process that has a 90% failure rate. Some of the noted flaws of generative AI, its propensity to "hallucinate" for example, could prove to be powerful in drug discovery. AI is learning to distinguish drugs from non-drugs, and to create new drugs, in the same way that ChatGPT can create sentences, Ellington said. Now, AI models are helping narrow down the possibilities, so scientists more quickly know the optimal modifications to try.

Persons: ChatGPT, Kimberly Powell, Google's, —, AlphaFold, Powell, Rau, Lilly, Eli Lilly, Diogo Rau, It's, Amgen, Andy Ellington, Ellington, Daniel Diaz, Diaz, We've Organizations: Nvidia, CNBC Technology, Summit, University of Texas, Austin, NVIDIA, biosciences, UT's Institute, Foundations of Machine, Cadence Locations: Nature

☆ Chasing after a chief AI officer may be a big mistake, says top tech recruiter
▼ + stars: | 2024-05-03 | by ( Susan Caminiti | ) www.cnbc.com time to read: +5 min

As companies race to deploy artificial intelligence in ways that aim to make them better at operating, hiring, and competing, they're also chasing after top AI talent, including filling the position of chief AI officer. A lot of these companies, Doonan said, "can't really articulate what they want, why they want it, and what are the outcomes that they're looking for." "All I could think is that you could change the word 'cowbell' to 'AI,'" Doonan said. Without that understanding, Doonan said companies are going to hire "somebody really senior and they're going to be doing [data] clean-up for the next two years. Of course, that hasn't stopped companies from wanting to add a chief AI officer to their ranks.

Persons: they're, Mike Doonan, Doonan, CNBC's, Jon Fortt, Christopher Walken, that's, hasn't, LinkedIn's, I've Organizations: CNBC Technology, Alteryx's Enterprise

☆ For Microsoft and OpenAI, after a year in the 'hype cycle,' the Copilot corporate spending boom is just getting started
▼ + stars: | 2023-12-20 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

While another third (32%) said they have not made the spending decision, only 13% said they would not be acquiring similar gen AI capabilities. Microsoft has pointed to customers including Visa, BP, Honda and Pfizer using Copilot, and professional services firm partners on Copilot AI including Accenture, EY, KPMG, and PwC. And even amid the hype, it's important to keep in mind that as gen AI spending grows, it is still dwarfed by companies' cybersecurity budget needs. That means roughly $5 will be spent on security for every dollar spent on gen AI. But it's growing, and for now at least, when it comes to the billions in gen AI spending, Microsoft is in the pole position.

Persons: Dan Ives, Google Bard, Satya Nadella, Sam Altman, Altman, Jason Wong, Wong, Joe Atkinson, That's, Copilot, It's, Gartner, it's, Will, John Lovelock Organizations: Microsoft, Wedbush Securities, " Enterprises, Google, CNBC Technology, Survey, Gartner, Visa, BP, Honda, Pfizer, Accenture, EY, KPMG, CNBC, CNBC TEC, SAP, Adobe, Amazon Web, Meta, SharePoint Locations: San Francisco , California, U.S, Copilot, Salesforce, that's

☆ How Bill Nye, ‘The Science Guy’ educated Google Bard on how AI can help save the world
▼ + stars: | 2023-10-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

You may not know this, but Bill Nye, "The Science Guy," has professional experience overseeing new and potentially dangerous innovations. Still, computer science is not the skill that Nye thinks is the most important for students to learn. We don't want a smaller and smaller fraction of people understanding a more complex world," Nye said. During the conversation with CNBC's Tyler Mathisen at the TEC Summit on AI, CNBC surprised Nye with a series of questions that came from a prompt given to the Google generative AI Bard: What should we ask Bill Nye about AI? Watch the video above to see all of Bill Nye's answers to the AI about how it can help save the world.

Persons: Bill Nye, Guy, Nye, CNBC's Tyler Mathisen, Bard, —, Bill Nye's Organizations: Boeing, CNBC Technology, Summit, TEC, CNBC Locations: New York City

☆ ULA targets Christmas Eve for inaugural Vulcan rocket launch, CEO says
▼ + stars: | 2023-10-24 | by ( Simona Riccardi | In Sriccardi | ) www.cnbc.com time to read: +2 min

United Launch Alliance plans to launch the inaugural flight of its Vulcan rocket on Christmas Eve, CEO Tory Bruno told CNBC's Morgan Brennan on Tuesday. The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, on May 12, 2023. ULA's path to the first Vulcan launch faced several delays earlier this year, including the explosion of an engine during testing by its supplier Blue Origin, previously reported by CNBC. Following the incident, Bruno told CNBC in a "Manifest Space" podcast interview that the company still planned to fly its heavy-lift rocket by late 2023. The company added a massive contract to launch Amazon's Kuiper satellites to its previously government-heavy backlog for Vulcan.

Persons: ULA, Lockheed Martin —, Bruno, Tory Bruno, CNBC's Morgan Brennan, Vulcan's, ramping, — CNBC's Morgan Brennan, Michael Sheetz Organizations: Boeing, Lockheed, CNBC Technology, Summit, United Launch Alliance, Vulcan, Cert, SLC, CNBC Locations: Cape Canaveral , Florida

☆ Bezos-backed freight firm Convoy shuts down after slashing hundreds of jobs. Read the CEO's memo to employees
▼ + stars: | 2023-10-19 | by ( Riley De León | ) www.cnbc.com time to read: +2 min

Dan Lewis, co-founder and CEO of trucking logistics startup Convoy and a former Amazon executive, speaking at the CNBC Technology Executive Council summit it New York City on Oct. 29, 2019. Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport said it will lay off about 20% of its own workforce. Seattle-based Convoy was founded to disrupt the fragmented, low-tech freight brokerage business, in which truckers and customers connected by phone and fax. According to a memo sent to employees Thursday morning, Lewis said the company faced both an "unprecedented freight market collapse" and "dramatic monetary tightening."

Persons: Dan Lewis, Baillie Gifford, Lewis Organizations: Convoy, Amazon, CNBC Technology, CNBC Disruptor, U.K, Hercules, JPMorgan, Microsoft Locations: New York City, Seattle, Convoy's, Atlanta

☆ This is the No. 1 'most important' AI skill you need to know, says MIT expert: 'You can learn the basics in 2 hours'
▼ + stars: | 2023-09-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

"The single most important skill that everybody has pointed to is these two words: prompt engineering," Agarwal, the chief platform officer of multimillion-dollar education technology company 2U, tells CNBC Make It. Prompt engineering is essentially the skill of refining and inputting text commands for generative AI programs like ChatGPT. "How you ask for something [from a generative AI tool] is very critical," says Agarwal, the founder of online educational platform edX, which was acquired by 2U in 2021. Prompt engineering can particularly help prevent generative AI's biggest current drawback: regular occurrences of mistakes, fabricated information and other errors, all known as "hallucinations." A well-trained engineer "can stop [AI] from hallucinating by providing constraints," creating more accurate and efficient results, Agarwal says.

Persons: Anant Agarwal, Agarwal, He's Organizations: CNBC, MIT, CNBC Technology Locations: hallucinating

☆ Nearly half of CEOs believe AI could replace their own jobs, says new poll—and 47% say that's a good thing
▼ + stars: | 2023-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Nearly half of CEOs — 49% — say AI could effectively replace "most," or even "all," of their own roles, and 47% say it might even be a good thing, according to a survey from online education platform edX. The poll, published on Tuesday, surveyed 1,600 full-time U.S. workers, including 800 C-suite executives and CEOs, as well as 800 non-executive workers. "It is clear that a majority [of executives] think that AI is going to be transformative," he tells CNBC Make It. It could also tackle other CEO responsibilities, like analyzing market data and brainstorming ways to improve a business' operations, some experts say. Delegating those mundane tasks could help CEOs focus on "the things that make them CEOs ... vision and dreaming about new products and selling," Agarwal says.

Persons: Anant Agarwal, Agarwal Organizations: —, MIT, CNBC Technology, CNBC

☆ With A.I., top CFOs are more likely to see it as a job destroyer
▼ + stars: | 2023-06-30 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

But given the choice of potential futures, just 18% of CFOs say they see AI as a job creator. But given the same choice as CFOs making the financial and cost decisions for companies, tech executives are the ones more likely to have an optimistic view. Another 18% said their firms are planning no new AI investments. For tech executives, AI is the clear priority. "My first reaction was one of horror," Higgins said of the 18% of CFO respondents who said their firms are planning no new AI investments.

Persons: CFOs, Matt Higgins, CNBC's, Higgins Organizations: Workers, CNBC, SurveyMonkey, CNBC Technology, RSE Ventures

☆ How an early-stage venture capitalist is trying to separate the winners and losers in A.I.
▼ + stars: | 2023-06-27 | by ( Susan Caminiti | ) www.cnbc.com time to read: +2 min

Buhler says the biggest difference he sees in the AI landscape today is the accessibility of the technology. LLMs, he adds, didn't change "everything under the hood, they changed the interface and the way people can interact with AI." With almost any company able to integrate AI into any application, he invests in startups that use AI as real leverage. In the most recent CNBC Technology Executive Council survey, nearly half of the companies (47%) said that AI is their top priority for tech spending over the next year. In fact, AI budgets are more than double those of cloud computing, the second-biggest spending area at 21%.

Persons: Konstantine Buhler, Buhler Organizations: Microsoft, Engineers, Sequoia Capital, CNBC Technology, CNBC Locations: Brussels, Belgium, San Francisco

"It's hard to think of an area that this couldn't help," said Diogo Rau, Eli Lilly chief information and digital officer. He said Lilly already is using generative AI to write patient safety reports and clinical narratives, and ultimately, it will play a role in drug discovery. One of the most anticipated uses for generative AI is in customer relationship management, and that is happening at more companies. Others noted their firms are in the early days of rolling out code generation tools using gen AI, as well as AI "co-pilots" across many roles, and using generative AI to help make investment decisions. Generative AI could enable a more customized and pro-security posture for organizations," he said.

Persons: OpenAI, Diogo Rau, Eli Lilly, Lilly, Rau, Eddie Fox, It's, Fox, Nicole Coughlin, Cybersecurity, ransomware, Jim Richberg, Richberg, Joe Levy, Sophos, it's, Levy Organizations: CNBC, Nvidia, Google, Microsoft, TEC, CNBC Technology, Epic, AIs Locations: Cary , North Carolina, Fortinet

☆ A.I. to top tech spending at many companies: CNBC survey
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. to top tech spending at many companies: CNBC surveyCompanies across the economy say artificial intelligence will be their top spending priority over the next year, according to the latest CNBC Technology Executive Council survey.

Organizations: CNBC, CNBC Technology

In this article LUV Follow your favorite stocks CREATE FREE ACCOUNTGenaro Molina | Los Angeles Times | Getty ImagesWill the majority of travelers forgive Southwest Airlines and start buying tickets on the major U.S. air carrier again? Southwest Airlines accepted the blame for its technological meltdown during the holidays, and it has committed over $1 billion to fixing it. He pointed to $29 fare sales, "something I haven't seen Southwest offer in a long time," he said. The Southwest spokeswoman said the airline has a long history of innovation and pioneering technology in the airline industry. BALTIMORE, MD - DEC 27: Hundreds of passengers wait in line to handle their baggage claim issues with Southwest Airlines at Baltimore/Washington International Thurgood Marshall Airport in Baltimore, Maryland on December 27, 2022.

☆ The ChatGPT AI hype cycle is peaking, but even tech skeptics don't expect a bust
▼ + stars: | 2023-02-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +18 min

Even the skeptics of the latest hype cycle recounted during the Town Hall numerous examples of how AI is already embedded in more efficient business processes. The arrival of ChatGPT and generative AI only a few years after the hype cycle over the metaverse has attracted both the AI bulls and bears as tech pursues its next big thing. Another executive who works with lawyers and accountants said the sentiment right now is that AI is not to replace lawyers, but "lawyers using AI are gonna replace lawyers." And what generative AI does, is really help you crunch, take your machine learning to, you know, the 'nth' level of the finite level. That may also place AI in the crosshairs of ESG investors, making sure that the ethics part is part of the mission of companies using it.

☆ ChatGPT introduced AI to the masses and it's already affecting us
▼ + stars: | 2023-02-02 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

ChatGPT is part of a growing field of AI known as generative AI. Funding for generative AI companies reached $1.37 billion in 2022 alone, according to Pitchbook. "Generative AI is very different. But generative AI still faces a number of challenges, including developing content that is inaccurate, biased or inappropriate. Watch the video to learn more about how generative AI like ChatGPT works and what the technology may mean for businesses and society as a whole.

Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall Street Journal reported on the cuts earlier, which Amazon said pre-empted its planned announcement. In November, Jassy said Amazon would eliminate roles, including at its physical stores and in its devices and books divisions. CNBC reported at the time that Amazon was looking to lay off around 10,000 of its employees. “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy wrote.

☆ Survey: Tech executives say cloud computing and security are top priority
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSurvey: Tech executives say cloud computing and security are top priorityIn a survey with the CNBC Technology Executive Council, more than 85% of TEC members say cloud computing and security is critically important for their business. The consensus is cyber security and protecting IP from China and other actors should be a top priority for the newly elected Congress.

☆ Exclusive findings from the CNBC Technology Executive Council Survey
▼ + stars: | 2022-12-16 | by ( Frank Holland | Brian Sullivan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExclusive findings from the CNBC Technology Executive Council SurveyA new survey with the CNBC Technology Executive Council reveals what those members are thinking about cyber attacks, cloud computing and the importance of IP security.

☆ Technology executives signal spending in 2023 even as the sector goes through massive layoffs
▼ + stars: | 2022-12-15 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Nearly three-quarters (74%) of respondents said they expect their companies to spend more on new technology in the next 12 months, while 22% said they expect spending to be about the same, according to the survey. Roughly 4% of respondents said they would be spending less, compared to none in the previous survey. Cloud computing, which received nearly unanimous support as "critically important" from TEC survey respondents, will likely be the recipient of that sustained spending. Gartner expects cloud computing revenues to rise to $101 billion next year, up from $90 billion in 2021. Cloud computing is expected to rise by 20% for the next two to three years, according to Gartner's forecast.

☆ Ransomware Simulation Debrief
▼ + stars: | 2022-12-06 | by ( Eamon Javers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware Simulation DebriefCol. Sean Hannah joins cybersecurity experts Nicole Eagan and Charles Carmakal on stage to debrief the results of the ransomware simulation and discuss the many layers cyber risk that companies face today. They will recap how the members approached the scenario and the decisions made, as we dig further into how companies and governments can work together to prepare for future attacks. CNBC's Eamon Javers moderates a discussion with Col. Sean Hannah, US Army retired; Charles Carmakal, Mandiant SVP & CTO and CNBC Technology Executive Council member; and Nicole Eagan, Darktrace Chief Strategy Officer, AI Officer and CNBC Technology Executive Council member at the 2022 CNBC CFO Council Summit on November 30, 2022.

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