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The tool can create videos from text or image prompts. BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining multiple images. While OpenAI — the maker of ChatGPT — in February revealed that its AI model Sora could generate one-minute videos from text, it has yet to release that publicly. Other platforms claim they can turn text or images into videos using AI, but the quality of output varies. Vidu launched in April and its ability to turn two profile photos into lifelike videos of people hugging went viral on TikTok.
Persons: OpenAI, , Shengshu, Bao, Vidu Organizations: Technology, CNBC Locations: BEIJING — Beijing
Google DeepMind CEO Demis Hassabis says "AI agents" are the next phase of AI after chatbots. According to Demis Hassabis, the CEO of Google DeepMind and a recently minted Nobel laureate, there isn't any secret formula to get there. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. Hassabis pointed to AlphaGo, DeepMind's AI that first defeated humans in Go, demonstrating reasoning skills in the game's defined domain. They can use hardware like robots in the physical world, software like a calculator, or even other AI systems.
Persons: Demis Hassabis, , Hassabis, they've Organizations: Google, Service, The Times Tech
An army of political propaganda accounts powered by artificial intelligence posed as real people on X to argue in favor of Republican candidates and causes, according to a research report out of Clemson University. The network identified by the Clemson researchers included at least 686 identified X accounts that have posted more than 130,000 times since January. Many of the accounts were removed from X after NBC News emailed the platform for comment. In Arizona’s Republican congressional primary, the accounts supported Blake Masters over Abraham Hamadeh. A search on X for that hashtag shows only one other tweet, from 2018, has used it.
Persons: Donald Trump’s, Pepe, Darren Linvill, They’re, Frank LaRose, Bernie Moreno, Blake Masters, Abraham Hamadeh, didn’t, , Sen, Sherrod Brown, ” OpenAI, Kai, Cheng Yang, , Yang, ChatGPT, Elon Musk, Musk, ” Linvill, Larry Norden, “ There’s, ” Norden, , Norden, Clemson’s, Eric Hartford, Hartford Organizations: Republican, Clemson University, Clemson, NBC, NBC News, Democratic, Clemson’s Media, , Ohio Republican Senate, Trump, GOP, Hamadeh, Northeastern University, Ohio Republican, Center for Justice, United, Social Locations: American, Montana , Pennsylvania, Wisconsin, Ohio, , China, Taiwan, Iran, Russia, Ukraine, United States, U.S
Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.
Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London
People walk past an Apple store in the Americana at Brand shopping center on December 26, 2023 in Glendale, California. Apple Intelligence — the collective brandname for all of Apple’s own AI tools — is intended to be more of a personal assistant than anything else. What about your data: Since Apple Intelligence and ChatGPT will be used for largely different purposes, the amount and type of information users send to each AI may be different, too. While Apple users will have to send their personal information and AI queries to OpenAI if they want to use ChatGPT, Apple has said that most of the time Apple Intelligence won’t be sending user data anywhere. As much as possible, Apple will try to process AI prompts directly on your device using smaller AI models.
Persons: Mario Tama, you’ve, ChatGPT, Siri, Apple Organizations: Apple, Brand, Apple Intelligence Locations: Glendale , California
Jim doesn't see a need to step in first thing Thursday morning and buy the dip. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Quarterly commentary During Nvidia's fiscal second quarter, better-than-expected sales were driven by strength in all key segments, including a Data Center segment revenue record. Regarding China, Kress said, "Data Center revenue in China grew sequentially in Q2 and is a significant contributor to our Data Center revenue. Guidance Taking a closer look at guidance, Nvidia's fiscal third quarter may not have beaten the Street's estimates by the magnitude some were hoping for, but it's far from disappointing.
Persons: Lindy, Triple Lindy, Jensen Huang, Hopper, Blackwell, Jim Cramer, Jim doesn't, Colette Kress, Kress, it's, inferencing, ChatGPT, Cloud prem, Nvidia Isaac, Jim Cramer's, Jim, Andrej Sokolow Organizations: Nvidia, Revenue, Triple, Moore's, Hopper, Blackwell, Amazon Web Services, Google, Enterprise, Devices, Intel, Apple, Data Center, Networking, Management, Data, Centers, Automotive, Siemens, Nvidia Blackwell, Mercedes, Benz, Nvidia Omniverse, CNBC, Getty Locations: China, Boston, Silicon Valley
Yet it's also given developers reason to be dubious: code produced by ChatGPT is often full of mistakes. 'Fewer hallucinated bugs'To begin, OpenAI is limiting CriticGPT's access to AI trainers. OpenAI has acknowledged that the more advanced its AI models become, the harder it can be for AI trainers "to spot inaccuracies when they do occur." AI models are also still susceptible to hallucinations that can be missed by AI trainers, OpenAI said. CriticGPT clearly has a long way to go, but shows that OpenAI is at least trying to tackle the problem.
Persons: , chatbot, it's, ChatGPT, OpenAI, CriticGPT, Jan Leike, e6CiXXoCeG, EJ6OSfUN9p — Jan Leike, Sam Altman's Organizations: Service, Business, Purdue University Locations: CriticGPT
The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.
Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, , , Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, , Alaska, China
America’s housing crisis continues to worsen
  + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com   time to read: +6 min
Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.
Persons: ” Lael Brainard, , , Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, , White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China
CNN —Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. But China is one of the first countries in the world to regulate the generative AI technology that powers these popular services. Resurgent competitorsMeanwhile, Chinese smartphone brand Huawei’s smartphone sales growth was 70% in the first quarter, according to Counterpoint Research. In other parts of the world, Samsung uses its own propriety AI technology, along with Google’s (GOOGL) AI model Gemini, which is also banned in China.
Persons: ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, , , Nabila Popal, ” Popal, what’s, Reece Hayden, Apple wouldn’t, Jeff Fieldhack, they’d Organizations: CNN, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC, Research, IDC Research, ABI Research, China, Baidu Locations: China
What is Apple’s AI doing with your data?
  + stars: | 2024-06-13 | by ( Brian Fung | ) edition.cnn.com   time to read: +8 min
As much as possible, Apple will try to process AI prompts directly on your device using smaller AI models. After fulfilling a user’s AI request, Private Cloud Compute scrubs itself of any user data involved in the process, Apple said. For example, when you use ChatGPT, OpenAI discloses that it uses your data to further train its AI models. With Private Cloud Compute, you theoretically won’t have to take Apple’s word that it doesn’t use your data for AI training. Apple’s AI models didn’t spring up out of nowhere.
Persons: Washington CNN —, you’ve, Apple, ChatGPT, Siri, didn’t, OpenAI, ChatGPT’s, , Craig Federighi, , ” “, Apple hasn’t Organizations: Washington CNN, Worldwide Developers, Apple, Apple Intelligence Locations: Apple’s
Khan recently told CNBC that its AI tool will expand from 65,000 students to one million students next year. It also recently announced that Microsoft is paying so that AI can be offered to teachers across the U.S. free of charge. In fact, teachers were the only demographic polled where year-over-year favorability declined, though a majority (59%) still have a positive view of AI chatbots. Minority groups are adopting AI for education at higher rates, including the teachers and parents who are using AI to help children. Black and Hispanic K-12 students and undergraduates were more likely to use AI for school.
Persons: Hyoung Chang, ChatGPT, Ethan Mollick, Sal Khan, Khan, CNBC's, Sam Altman, Greg Brockman, zeroed, Mollick, It's, Nadia, Alan Turing's Organizations: Getty, Microsoft, Apple, Impact Research, Walton Family Foundation, Learning, University of Pennsylvania's Wharton School, Khan Academy, CNBC, Teachers Locations: Denver, Newark , New, U.S
Read previewThis is an as-told-to conversation with Molly Cantillon, a Stanford dropout and founder of NOX, a personalized AI assistant. NOX, the personal AI assistant I built, was created to fill that void. I'm building NOX to help people like me stay saneI initially built NOX as a hardware solution in June 2023. In some sense, I'm building NOX to help people like me stay sane. Some might say we're a group of college dropout nobodies gunning after a crown jewel: A personalized AI assistant.
Persons: , Molly Cantillon, hadn't, It'll, Reilly Opelka, Aayush, nobodies gunning, It's, We're Organizations: Service, Stanford, Business, Tennis Locations: Palo Alto
Read previewThis is an as-told-to conversation with Molly Cantillon, a Stanford dropout and founder of NOX, a personalized AI assistant. NOX, the personal AI assistant I built, was created to fill that void. I'm building NOX to help people like me stay saneI initially built NOX as a hardware solution in June 2023. In some sense, I'm building NOX to help people like me stay sane. Some might say we're a group of college dropout nobodies gunning after a crown jewel: A personalized AI assistant.
Persons: , Molly Cantillon, hadn't, It'll, Reilly Opelka, Aayush, nobodies gunning, It's, We're Organizations: Service, Stanford, Business, Tennis Locations: Palo Alto, heynox.com
OpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees choose between signing a non-disparagement agreement that would never expire, or keeping their vested equity in the company. The internal memo, which was viewed by CNBC, was sent to former employees and shared with current ones. The memo said OpenAI will also not enforce any other non-disparagement or non-solicitation contract items that the employee may have signed. "As we shared with employees, we are making important updates to our departure process," an OpenAI spokesperson told CNBC in a statement. Bloomberg first reported on the release from the non-disparagement provision.
Persons: Sam Altman, OpenAI, Vox, ChatGPT Organizations: Microsoft, CNBC, Bloomberg Locations: Redmond , Washington, OpenAI
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The startup, Superlegal, just raised $5 million in seed funding in a round led by Israeli VC funds Aleph and Disruptive AI. The startup says it has the only AI licensed to practice law in the US. One such startup, Robin AI, raised a Series B funding round earlier this year for its gen AI-powered contract drafting and review technology. Here's a look at the 14-slide pitch deck Superlegal used to raise its $5 million seed round.
Persons: , Tom Glover, Westlaw —, Superlegal, Noory, hasn't, AI, Bechor Organizations: Service, Israeli, Alicorn Venture Capital, Thomson Reuters, Business, Utah Locations: Israel
Read previewWhether you like it or not, Sam Altman just let you know you're getting an AI best pal. Advertisement"I see you're rocking an OpenAI hoodie, nice choice," ChatGPT told a user in one demo. the AI bot said, before delivering a story about a robot named Bite in dramatic, singing, and robotic voices, depending on the request from the user. This is where AI labs are leading us: to a near future of AI as coworker, friend, and ubiquitous presence," Mollick wrote on Substack. AdvertisementIt's something its rivals will pay close attention to, with the possibility of a new battle emerging between companies trying to release the most human, friendly AI bot they can.
Persons: , Sam Altman, Mira Murati, Altman, Scarlett Johansson, Spike Jonze's, ChatGPT, Barrett —, he'd, Joaquin Phoenix's, Samantha, Ethan Mollick, Mollick, OpenAI, Mustafa Suleyman, Siri Organizations: Service, Business, Wharton University, Microsoft, Apple
Elon Musk revealed that SpaceX "basically uses no AI." "I mean, oddly enough, one of the areas where there's almost no AI used is space exploration," Musk replied. "So SpaceX uses basically no AI, Starlink does not use AI. At X, Musk integrated his AI chatbot Grok — similar to ChatGPT — into the social media platform. Musk also considered using AI to help summarize news on the site.
Persons: Elon Musk, hasn't, , Elon, Musk, Michael Milken, I'm, he's, electrochemistry, Geoff Hinton Organizations: SpaceX, Service, Milken Institute Global, Musk, Milken Institute, Business
Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month. Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMustafa Suleyman, who co-founded Google's DeepMind AI lab and was the chief executive of the startup Inflection AI before Microsoft lured him away in March, is excited about his new gig. 5/5 At Microsoft AI we are up for this.
Persons: Mustafa Suleyman, Google's, Suleyman, , I've, It's, it's, — Mustafa Suleyman, Satya Nadella, Kevin Scott, Nadella, Suleyman's, he's Organizations: Microsoft, Service, Business
People have wanted to reconnect with deceased loved ones for centuries, whether they’ve visited mediums and spiritualists or leaned on services that preserve their memory. In September 2023, it introduced ChatGPT voice, where users can ask the chatbot prompts without typing. HereAfter AI, founded in 2019, allows users to create avatars of deceased loved ones. “Remembering is very important; it reflects the human condition and importance of deceased loved ones.”But she noted the relationship we have with our closest loved ones is built on authenticity. Creating an AI version of that person could for many “feel like a violation of that.”Bill Abney said he feels uneasy about communicating with his late fiancée through AI platforms.
Persons: Ana Schultz, Kyle, , Schultz, , Schutz, they’ve, ” Ana Schultz, ElevenLabs, Joe Biden, Biden, ChatGPT, OpenAI, Danielle Jacobson, she’s, Phil, Cole, ” Jacobson, “ Cole, Replika, Rohit Prasad, Val Kilmer, It’s, Mary, Frances O’Connor, , ’ ”, Bill Abney, Kari, ” Abney, “ I’m, Jodi Spiegel, Sims Organizations: CNN, Davidson College, Tech, Alexa, MARS, Amazon, University of Arizona Locations: Rock Falls , Illinois, Alabama, Johannesburg, South Africa, , San Francisco, Newfoundland, Canada
In a survey, 49% of business leaders said knowing how to use ChatGPT could top having a degree. Despite this, 36% of respondents didn't see ChatGPT experience as more valuable than a degree. It's also possible that some business leaders expect that newer — and presumably younger — workers might have more exposure to AI, Nguyen said. In the survey, 36% of respondents didn't see experience with ChatGPT as more valuable than a college degree, and 12% were unsure. Some eight in 10 execs said knowing how to use AI would be even more important for entry-level workers in 2025.
Persons: , Intelligent.com, Huy Nguyen, Nguyen, there's, It's, didn't, execs Organizations: Service
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.
Persons: , Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby
There is one skill all young people need to thrive in the workplace — today and in the future — and it's been around for thousands of years. The type of storytelling may not matter, because the platforms people use to communicate can rapidly change. IT business consultancy Gartner reportedly bought L2 Inc. for more than $130 million in 2017, according to regulatory filings. The importance of storytelling is particularly why young people shouldn't rely solely on generative artificial intelligence tools like ChatGPT — not now, not ever, said Galloway. Management experts agree — understanding AI is important, but it isn't the sole skill needed to succeed at work.
Persons: it's, Scott Galloway, Galloway, Oliver Wyman Organizations: CNBC, SXSW, New York University Stern School of Business, L2 Inc, Gartner, ChatGPT, Management Locations: Galloway
This story is available exclusively to Business Insider subscribers. Since its founding, Covaraint has secured around $222 million in funding, Business Insider previously reported. And the company's software already powers sorting robots in warehouses across the globe, according to the Times. AdvertisementBut by relying on the same underlying technology ChatGPT uses, the robots powered by Covariant's software can learn through trial and error. A spokesperson for Covariant did not respond to a request for comment from Business Insider.
Persons: , ChatGPT, Pieter Abbeel, Peter Chen, Rocky Duan, Tianhao Zhang, Abbeel, Chen, Duan, Covaraint Organizations: Service, The New York Times, Business, Times, The Times, YouTube, University of California Locations: California, The, Berkeley
Elon Musk filed a lawsuit against OpenAI and its CEO Sam Altman, years after he left the startup. "Elon Musk is the best PR stuntsman I've ever seen," Kyle Arteaga, the CEO of the national tech PR company, The Bulleit Group, said. Earlier this month, Altman told veteran tech reporter Kara Swisher that Musk was his "absolute hero" growing up. AdvertisementDuring the interview, Swisher told Altman she thought Musk's lawsuit was "nonsense." Representatives for Musk, Altman, and OpenAI did not immediately respond to a requests for comment by Business Insider.
Persons: Elon Musk, Sam Altman, Musk, , Elon, Altman, Muhammad Ali, Evan Nierman, Michael Kovac, OpenAI, Nierman, Sam Altman's, he's, xAI, Kyle Arteaga, Arteaga, it's, — Anthropic, He's, Tom Mueller, Alan Dunton, he'd, Musk's, you've, Dunton, JACK GUEZ, Ayelet Noff, Noff, Lex Fridman, Kara Swisher, Swisher, " Swisher Organizations: OpenAI, Service, Banyan, Yerba Buena Center, Arts, Microsoft, SpaceX, Musk, Communications, Elon, Getty, Business Locations: California, San Francisco, AFP, Altman's
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