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Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.
Persons: Yoshua Bengio, , Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss
Evercore ISI gives its top tech picks for 2025
  + stars: | 2024-11-17 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com   time to read: +6 min
Evercore ISI already named its favorite technology stocks to own heading into 2025. Against that background, Evercore ISI analysts recently picked five tech stocks they're most sure of entering next year. Arista Networks The cloud network equipment company's conservative revenue guidance for 2025 leaves room for upside potential, according to Evercore ISI. Evercore ISI raised its 12-month price target on Arista to $450 from $425, indicating more than 20% upside from Friday's close. International Business Machines IBM is likely to top revenue estimates in 2025, Evercore ISI said.
Persons: ChatGPT, haven't, Evercore, Amphenol, Donald Trump's, Vertiv, — CNBC's Michael Bloom Organizations: ISI, Arista, Arista Networks, Apple, Business Machines IBM, Evercore, IBM, Holdings Vertiv Holdings Locations: CY25, capex, Wallingford , Connecticut, Waterville , Ohio
Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.
Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI
London CNN —“Millions” of people could fall victim to scams using artificial intelligence to clone their voices, a UK bank has warned. Starling Bank, an online-only lender, said fraudsters are capable of using AI to replicate a person’s voice from just three seconds of audio found in, for example, a video the person has posted online. These types of scams have the potential to “catch millions out,” Starling Bank said in a press release Wednesday. “People regularly post content online which has recordings of their voice, without ever imagining it’s making them more vulnerable to fraudsters,” Lisa Grahame, chief information security officer at Starling Bank, said in the press release. As AI becomes increasingly adept at mimicking human voices, concerns are mounting about its potential to harm people by, for example, helping criminals access their bank accounts, and spread misinformation.
Persons: London CNN —, Scammers, ” Lisa Grahame, OpenAI Organizations: London CNN, Starling Bank, , Bank, Research Locations: Starling
Leading technology stocks led an eye-popping rebound rally the past five days, driving a key ETF texchange traded fund to one of its best weeks in years. The Technology Select Sector SPDR Fund (XLK) surged 8.2% this week, the most since Nov. 11, 2022, when the fund gained 10.04%. XLK YTD mountain Technology Select Sector SPDR Fund (XLK) performance this year. Investors can thank a bounce back in megacap technology and semiconductor stocks this week that lifted all three major U.S. stock indexes. That alone suggests semiconductor stocks have lost their leadership status, at least for now, Turnquist said.
Persons: ChatGPT, Jensen Huang, Blackwell, Goldman Sachs, Adam Turnquist, Turnquist Organizations: texchange, Microsoft, Nvidia, Technology, Apple, Apple Watch, Semiconductor, Broadcom, LPL Financial, PHLX Semiconductor Locations: XLK
A study published in the Journal of Hospitality Marketing & Management in June found that describing a product as using AI lowers a customer’s intention to buy it. “Way before people even heard about AI, those movies shaped people’s perception of what robots that run by AI can do to humanity,” he said. …and a lack of transparencyAnother part of the equation influencing customers is the perceived risk around AI – particularly with how it handles users’ personal data. This lack of transparency is something that Gursoy warns has the potential to sour customers’ perceptions towards brands they may have already come to trust. “Rather than simply putting ’AI-powered’ or ’run by AI,’ telling people how this can help them will ease the consumer’s fears.”
Persons: , Dogan Gursoy, , ChatGPT, Gursoy, , Organizations: CNN, of Hospitality Marketing, Management, Taco Bell, Washington State University, , Google, Hollywood
CNN —Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up’s governance had improved significantly in the past eight months. Microsoft took a non-voting, observer position on OpenAI’s board in November last year after OpenAI CEO Sam Altman took back the reins of the company, which operates the generative AI chatbot ChatGPT. The seat meant it could attend OpenAI’s board meetings and access confidential information but had no voting rights on matters including electing or choosing directors. The observer seat and Microsoft’s more than $10 billion investment in OpenAI have triggered unease among antitrust watchdogs in Europe, Britain and the US over how much control it exerts over OpenAI. Microsoft cited OpenAI’s new partnerships, innovation and growing customer base since Altman’s return to the startup for giving up its observer seat.
Persons: Sam Altman, OpenAI Organizations: CNN, Microsoft, British Locations: OpenAI, Europe, Britain
OpenAI CEO Sam Altman survived a high-profile ouster last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of the biggest names in the AI industry, Sam Altman was the subject of a massive ouster last year. Within a (very hectic) week, however, he was reinstated in his role as CEO at OpenAI, the firm behind AI chatbot ChatGPT. This story is available exclusively to Business Insider subscribers.
Persons: Sam Altman, , chatbot Organizations: Service, OpenAI, Business Locations: OpenAI
Elon Musk withdrew his lawsuit on Tuesday against OpenAI, the maker of the online chatbot ChatGPT, a day before a state judge in San Francisco was set to consider whether it should be dismissed. The suit, filed in February, had accused the artificial intelligence start-up and two of its founders, Sam Altman and Greg Brockman, of breaching OpenAI’s founding contract by prioritizing commercial interests over the public good. A multibillion-dollar partnership that OpenAI signed with Microsoft, Mr. Musk’s suit claimed, represented an abandonment of the company’s pledge to carefully develop A.I. and make the technology publicly available. Mr. Musk had argued that the founding contract said that the organization should instead be focused on building artificial general intelligence, or A.G.I., a machine that can do anything the brain can do, for the benefit of humanity.
Persons: Elon Musk, Sam Altman, Greg Brockman, OpenAI, Musk’s, Musk Organizations: OpenAI, Microsoft Locations: San Francisco
Informatica , a U.S.-listed software developer, is well-positioned to benefit from the rise of artificial intelligence, according to analysts at Scotiabank. The California-headquartered firm last month launched its AI model — CLAIRE GPT — which is designed to help businesses use their data for generative AI applications. Generative AI, or GenAI, is the technology behind the hugely popular chatbot ChatGPT and other similar products. According to FactSet, the average price target of 16 analysts points to a 39% upside for the stock. RBC Capital analysts expect the stock to rise by 43% to $41 a share over the next 12 months.
Persons: CLAIRE GPT, Patrick Colville, FactSet, Matthew Hedberg, Salesforce Organizations: Scotiabank, The, RBC Capital, Microsoft, Data Management, RBC, Wall Street Journal Locations: Informatica, U.S, The California, Snowflake
Lionel Bonaventure | Afp | Getty ImagesLONDON — Microsoft is handing over the development of all of its best artificial intelligence tools and software to OpenAI, according to one tech CEO — which could be a boon for arch-rival Google. He noted that the so-called transformers that power today's generative AI technologies "all came from Google." Microsoft as an AI 'consultancy'McKinnon added that there's a risk Microsoft's position in AI becomes reduced to that of a "consultancy." Still, Google has a mountain to climb if it's going to achieve commercial success with its own AI investments. Microsoft has effectively become the leader in the push toward foundation AI models given its investment in and partnership with OpenAI.
Persons: Lionel Bonaventure, Todd McKinnon, McKinnon, OpenAI, Bard Organizations: Bard, Google, Getty, Microsoft, CNBC, OpenAI
This is the word of the summer on Wall Street
  + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.
Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing
London CNN —The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion. Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in a blog post on Sunday. Investors, lured by the potential for AI to revolutionize the way people live and work, have thrown huge sums of money at AI companies in recent years. Microsoft (MSFT) is OpenAI’s biggest stakeholder, with a $13 billion investment in the firm. Last year, Amazon (AMZN) announced it would invest up to $4 billion in Anthropic AI in exchange for partial ownership of the company.
Persons: Elon Musk, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok Organizations: London CNN, Elon, Sequoia Capital, xAI, London . Investors, Microsoft, Google Locations: Silicon, Saudi, OpenAI, Palo Alto, San Francisco, London
When Nvidia beats estimates, these 6 AI stocks tend to rise
  + stars: | 2024-05-22 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Six artificial intelligence-related stocks tend to react positively to Nvidia 's quarterly results, according to CNBC Pro analysis. Five U.S.-listed stocks — Super Micro Computer , AMD , Marvell Technology , Vertiv , and Synopsys — along with Japan-listed Advantest Corp have each risen between 6% and 33% in the past after Nvidia revealed bumper earnings. Super Micro Computer Super Micro Computer, a tech infrastructure company, has become one of the biggest winners of Wall Street's appetite for AI investments. Advanced Micro Devices AMD, the biggest competitor to Nvidia, has also seen its shares jump after Nvidia's earnings. The stock rose 7.5% after Nvidia revealed its last quarterly figures and 16.2% after the first quarter 2023 numbers were out.
Persons: Nvidia's, Synopsys, Leswing, Alex Koller Organizations: Nvidia, CNBC, U.S, Computer, AMD, Marvell Technology, Advantest Corp, CNBC Pro, Wall Street Locations: Japan, United States
The government on Monday announced it would open a U.S. counterpart to its AI safety summit, a state-backed body focused on testing advanced AI systems to ensure they're safe, in San Francisco this summer. The U.S. iteration of the AI Safety Institute will aim to recruit a team of technical staff headed up by a research director. In a statement, U.K. Technology Minister Michelle Donelan said the AI Safety Summit's U.S. rollout "represents British leadership in AI in action." The AI Safety Institute was established in November 2023 during the AI Safety Summit, a global event held in England's Bletchley Park, the home of World War II code breakers, that sought to boost cross-border cooperation on AI safety. The government said that, since the AI Safety Institute was established in November, it's made progress in evaluating frontier AI models from some of the industry's leading players.
Persons: Ian Hogarth, Michelle Donelan, it's, Anthropic Organizations: LONDON, Monday, AI, Technology, Safety, U.S, Microsoft, AI Safety, Institute, Seoul, European Union Locations: San Francisco, California, United States, U.S, London, British, Bay, OpenAI, England's Bletchley, South Korea, Bletchley Park, Seoul, Britain, European
CNN —At Princeton High School, students are trying to combat the rapid decline of indigenous languages with some unlikely help: a furry, wide-eyed stuffed animal named Che’w. He’s a wildly intelligent generative AI robot that speaks Mam, a Mayan language spoken in the western highlands of Guatemala and Mexico and by a small population of the school’s students. At a time when some high schools are restricting the use of AI in the classroom, others, like Princeton High School, are leaning into it. Courtesy SamsungBeyond generative AISome high schools around the country are trying to teach students how to use other forms of artificial intelligence for a greater good. “It doesn’t lose patience or get sick of talking to them,” said Mark Eastburn, Princeton High School’s science, research and engineering teacher.
Persons: Che’w, Joy Barnes, Johnson, , ChatGPT, Ed ”, Noel Candelaria, ” Candelaria, Tylo Chacon, Chacon, “ We’ve, It’s, , Mark Eastburn, “ It’s, , Eastburn, they’re Organizations: CNN —, Princeton High School, UNESCO, PHS, , STEM School Highlands, Samsung, Los Angeles Unified School District, Seattle Public Schools, National Education Association, CNN, NEA, Stuyvesant High School, University of Colorado, Princeton Locations: Guatemala, Mexico, Colorado, New York City, Washington ,, Boulder, Mam
CNN —A day after OpenAI impressed with a startlingly improved ChatGPT AI model, Google showed off its vision for how AI will improve the products that billions of people use every day. Google showed how it wants its AI products to become a bigger part of users’ lives by sharing information, interacting with others, finding objects around the house, making schedules, shopping and using an Android device. Simply put, Google wants its AI to be part of everything you do. Google CEO Sundar Pichai showed off various new features powered by its latest AI model Gemini 1.5 Pro. One new feature, called Ask Photos, allows users to search photos for deeper insights, such as asking when your daughter learned to swim or recall what your license plate number is, by looking through saved pictures.
Persons: OpenAI, Sundar Pichai, Pichai, , , Google’s, Jacob Bourne, it’s Organizations: CNN, Google, Gmail, Google Lens, Astra,
OpenAI may unveil a new multimodal AI assistant on Monday, The Information reported. This technology could, in theory, help automated customer service agents detect sarcasm. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Information reported that machine learning company OpenAI could unveil a voice assistant with both audio and visual capabilities that could, in theory, detect sarcasm.
Persons: Organizations: Service
(Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI. Oracle has been introducing generative AI capabilities into its cloud infrastructure and applications to complement the traditional AI already embedded in them. The generative AI capabilities can perform tasks such as generating financial reports and drafting job ads, improving productivity and reducing business costs, Oracle said. JPMorgan has said generative AI and AI could drive incremental IT spending and growth across the software landscape. "Generative AI services [are] basically a huge advantage comparing with our competition.
Persons: PAU BARRENA, ChatGPT, Rondy Ng, it's, Ng, Dan Ives, Ellison, Ives, Larry Ellison, Gartner Organizations: Mobile World Congress, MWC, Getty Images, Oracle, CNBC, Wedbush Securities, JPMorgan Locations: Barcelona, AFP, U.S
OpenAI has promised that ChatGPT Enterprise customers' data will not be used to train its models. Talking to potential customers from industries including finance, healthcare and energy, OpenAI executives highlighted a range of applications, such as call-center management and translation. Microsoft, the largest investor in OpenAI, offers access to OpenAI's technology through its Azure cloud and by selling Microsoft 365 Copilot, a productivity tool powered by OpenAI's models targeting enterprises. Some executives in the audience at the events asked why they should pay for ChatGPT Enterprise if they are already customers of Microsoft, attendees said. Lightcap told Bloomberg last week more than 600,000 people signed up to use ChatGPT Enterprise and Team, up from around 150,000 in January.
Persons: Altman, Brad Lightcap, Sam Altman, OpenAI, Lightcap, ChatGPT, Sora Organizations: ChatGPT Enterprise, OpenAI, Fortune, Microsoft, Reuters, ChatGPT, Bloomberg, Enterprise, Team, Fox, News Corp Locations: U.S, London, San Francisco , New York, OpenAI
Newly launched startup Superintelligent is betting it can solve this problem and help more people master using AI in their work and personal lives. The company just exited stealth with $2 million in pre-seed funding from Learn Capital, an edtech-focused VC fund. Based in New York, Superintelligent is a learning platform designed to help people understand how to use AI tools. "People who never would have cared about taking an online course before will 100% find themselves looking for online tools for learning AI." More broadly, AI is providing a boon to the edtech space, with startups such as Lirvana Labs, which provides AI learning for kids; Curipod, which lets teachers create AI lesson plans; and AI-powered study assistants Digest.ai and FoondMate all raising funding recently.
Persons: , OpenAI's DALL, Superintelligent, Nathaniel Whittemore, Whittemore, Digest.ai, he's Organizations: Service, Pew Research Center, Learn, Business, Labs Locations: New York
Young Group Of Professionals Developing Business Strategy and Providing The Business PlanSINGAPORE — Tech salaries in Singapore mostly fell in 2023 amid a tech downturn, but certain roles — including for data science and cybersecurity — saw wages jump, according to a new report. The jobs that saw the highest wage increases year-on-year were data scientists (11.3%), systems analysts (8.27%), cybersecurity engineers (8.24%) and quality assurance (8.01%). The report, compiled by tech salaries aggregator Nodeflair, took into account more than 422,000 salary data points including pay slips, offer letters and job advertisements from different countries and companies of all sizes and industries. Nodeflair said that a surge in compensation for data scientists can be attributed to "a rising interest in generative AI." Last year saw an AI boom fueled by the launch of viral chatbot ChatGPT in November 2022.
Persons: , Nodeflair Organizations: Plan SINGAPORE, Tech Locations: Singapore
JPMorgan Chase CEO and chairman Jamie Dimon believes artificial intelligence innovations will have as big of an impact on society as the invention of electricity and the internet. JPMorgan Chase began using AI over a decade ago, Dimon said in the letter. Additionally, JPMorgan Chase invests $12 billion annually in a wide variety of technologies, including AI. Dimon likening AI innovation to the invention of the internet suggests the tech's impact may be felt beyond the business world. In a Nov. 9 blog post, Microsoft co-founder Bill Gates said AI "will utterly change how we live our lives, online and off."
Persons: Jamie Dimon, Dimon, JPMorgan Chase, he's, Mark Cuban, I've, Bill Gates Organizations: JPMorgan Chase, JPMorgan, CNBC, Microsoft
New York CNN —OpenAI has unveiled a new artificial intelligence tool that can mimic human voices with startling accuracy. Users can then provide a paragraph of text and the tool will read it in the AI-generated voice. There are several AI-generated voices services already available to the public but, as it did with the breakout chatbot ChatGPT, OpenAI has proven particularly adept at garnering widespread adoption of AI tools. Voice Engine can use a voice sample in one language to create a replica voice that can speak in multiple other languages. The preview of Voice Engine comes as users await the public release of Sora, the AI-generated video tool that OpenAI teased last month.
Persons: New York CNN — OpenAI, OpenAI, ” OpenAI, Sora, OpenAI’s Organizations: New, New York CNN Locations: New York
Apple is getting serious about AI
  + stars: | 2024-03-18 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +4 min
It comes as Apple is expected to unveil several new AI features at its developer conference in June. According to a Bloomberg report, Apple is interested in licensing and building Google’s Gemini AI engine, which includes chatbots and other AI tools, into upcoming iPhones and its iOS 18 features. A partnership with Google would catapult Apple into the growing AI arms race. Apple, Google and OpenAI did not respond to a request for comment. Behind the scenes, Apple reportedly has been working its on-device generative AI capabilities and acquiring companies, such as Canadian startup DarwinAI.
Persons: they’ve, , Siri, OpenAI, Tim Cook, we’re, Apple, Angelo Zino, Beata Zawrzel, Wedbush Organizations: CNN, Apple, Google, Bloomberg, Learning Research, CFRA Research, Wedbush Securities, Gemini, Microsoft Locations: Cupertino
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