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☆ Chief transformation officers join the C-suite to drive innovation at speed
▼ + stars: | 2024-11-20 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

As companies across the US confront complex challenges that require overhauling strategies, reimagining business models, and adapting workforce dynamics, many are appointing chief transformation officers to drive these changes. The core figures, including the CEO, the chief operating officer, and the chief financial officer, focus on delivering quarterly results. Being a chief transformation officer, Jesuthasan said, is akin to "building the train while you're driving it down the tracks." AdvertisementBrandon Batt, the chief transformation officer at Quadient, a company focused on digital transformation, knows this all too well. Kinney recently wound down her role as chief transformation officer at Wex.

Persons: Kristy Kinney, Kinney's, Kinney, Alicia Pittman, Pittman, Ravin, Mercer, Jesuthasan, They're, Brandon Batt, Batt, Chengyi Lin, Lin, it's, Gartner Organizations: Boston Consulting Group, Boston Consulting, Organization Locations: Portland , Maine

☆ Exclusive: Prompt Security raises $18 million to help companies better secure generative AI tools like ChatGPT
▼ + stars: | 2024-11-20 | by ( Leena Rao | ) www.businessinsider.com time to read: +2 min

Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI's ChatGPT or Google's Gemini. Related VideoAlmost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more.

Persons: Itamar Golan, Golan Organizations: Security, Israel Defense Forces, Orka, Business, Jump Capital, Hetz Ventures, Ridge Ventures, Gartner, Fortune, The New York Times, Palo Alto Networks Locations: cybersecurity

☆ Baron small-cap funds have beaten the market for decades. These are their picks in AI, data & sports
▼ + stars: | 2024-11-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.

Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York

☆ Beware these stocks that rely on government spending if Musk’s DOGE threatens budgets
▼ + stars: | 2024-11-19 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Given this overhang, Morgan Stanley's sales team created a whole basket of stocks that have a large exposure to government spending. gov Relatively high revenue from government, as estimated by Morgan Stanley Notably, the list mostly excludes defense contractors, as Morgan Stanley expects them to be more insulated from budget cuts. Stocks in the basket include these 10: Moderna and Pfizer are two companies that made the basket. While the average analyst polled by LSEG has a hold rating, the average price target implies the stock will nearly double over the next year. MRNA PFE YTD mountain Moderna and Pfizer, year to date Research and consulting firm Gartner was also included in the Morgan Stanley basket.

Persons: Donald Trump's, Trump, Elon, Vivek Ramaswamy, it's, Morgan, Morgan Stanley, Trump's, Robert F, Kennedy Jr, LSEG, Gartner Organizations: Tesla, Roivant Sciences, Department of Government Efficiency, Intuit, Washington Post, Internal Revenue, gov, Moderna, Pfizer, Human Services, Research, Gartner Locations: Stamford , Connecticut

☆ Inside Microsoft's struggles with Copilot
▼ + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +23 min

In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.

Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City

☆ Exclusive: Amazon's AI chatbot Q is entering enemy turf by integrating with Microsoft's Office 365
▼ + stars: | 2024-11-14 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon plans to integrate its AI chatbot Q with Microsoft's Office 365 service. Amazon Q, launched in April, faces competition from Microsoft's own Copilot AI assistant. At the moment, most Q users access the Amazon AI chatbot through its website, or messaging apps like Slack and Teams. It's part of a set of new Q features Amazon is working on, including a browser extension, the document said. This year alone, he said, Amazon Q has "resolved over 1 million internal Amazon developer questions," saving more than 450,000 hours of work.

Persons: —, Patrick Neighorn, Q, Matt Garman Organizations: Microsoft's, Service, Microsoft, Business, Excel, Amazon, AWS, Gartner, LinkedIn Locations: Microsoft's

☆ Mark Cuban and Tim Cook swear by this time-saving email hack: 'It's changed my life'
▼ + stars: | 2024-11-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Moreover, 87% believe the benefits of artificial intelligence (AI) outweigh its risks. Some of the world's top business leaders are using AI to conquer a familiar pet peeve at work: a cluttered inbox. Now, Cook, 64, relies on summaries from Apple Intelligence, the tech giant's newest AI offering. Even before Apple Intelligence was released to the public on iOS devices on Oct. 28, Cook said it changed his productivity and daily habits. AI has also helped Cuban be more efficient in his personal life.

Persons: Tim Cook, Cook, It's, Mark Cuban, Gemini's, Cuban Organizations: Gartner, Apple, Wall Street, Apple Intelligence, CNBC, Google, Gmail Locations: Cuban

☆ Worries about the election could be cutting into some workers' productivity
▼ + stars: | 2024-11-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.

Persons: —, AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan

☆ Microsoft set to report quarterly results after the close
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. Mobility and security services, along with some Windows revenue, will now be part of the Productivity and Business Processes unit, which includes Office software. Analysts expect $24.04 billion in revenue from the Intelligent Cloud segment that includes Azure cloud infrastructure. Amazon , which leads the cloud infrastructure market, is slated to report results after the close on Thursday. During the quarter, Microsoft worked to help customers recover after a flawed update to CrowdStrike security software brought down Windows PCs globally.

Persons: Satya Nadella, OpenAI Organizations: Partnership for Global Infrastructure, Microsoft, Productivity, Gartner, Windows, BlackRock, UBS, Capital, Nasdaq Locations: Borgo, Savelletri, Italy

☆ How to dance the earnings two-step: Recognize initial stock distortions and then act
▼ + stars: | 2024-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly

Both companies see massive potential for the technology, with a grand vision for AR glasses to usurp smartphones as the next generation of computing. Microsoft has also invested in AR technology for well over a decade, launching its HoloLens headset for enterprise in 2016. While Snap and Meta have debuted AR prototypes, they're still years away from selling those devices to consumers. Snap similarly plans to invest in building out its ecosystem, renting its AR glasses to developers who commit to paying $99 a month for a year for the Spectacles. Watch the video as CNBC's Julia Boorstin tries Meta and Snap's augmented reality glasses and explores the future of this cutting-edge tech.

Persons: Mark Zuckerberg, Evan Spiegel, Chris Cox, CNBC's Julia Boorstin, Apple, Tuong Nguyen, Gartner, they're, Zuckerberg, We're, We've, Spiegel, Boorstin, Julia Boorstin Organizations: Google, Microsoft, Meta

☆ Lovelock: Tech giants are building AI infrastructure.
▼ + stars: | 2024-10-21 | 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 EmailLovelock: Tech giants are building AI infrastructure. John Lovelock, Chief of Research for Global IT Forecasting at Gartner, explains that the catalyst for 2025 spending growth is generative AI, with companies shifting focus from cost-saving to revenue growth.

Persons: John Lovelock Organizations: Lovelock, Tech, Research, Global, Gartner

☆ More employers say they don't care if you went to college. Most still seem to.
▼ + stars: | 2024-10-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Employers might not ask if you have a degree, but many still care, a labor market expert told BI. AdvertisementDeming said many employers look upon a worker with a four-year degree as an investment — one that can be molded into what the firm wants. "What people are looking for, because it's the easiest and laziest filter, is a four-year degree from a 'good school,'" he said. "He's been the finalist for five different positions where they said, 'You're actually the best candidate we interviewed, but we require a four-year degree,'" Hyams said. Often, that might mean a four-year degree.

Persons: —, Ranji McMillan, that's, McMillan, She's, what's, McMillan David Deming, Deming, Mona Mourshed, Mourshed, Chris Hyams, Hyams, He's, Forsa, Gartner, Jon Lester, Lester, they've Organizations: Service, Ranji, McMillan, Harvard's Kennedy School, Glass, Harvard Business School, Census, McKinsey & Company, Boston Consulting Group, Employers, Workers, US Department of, Georgetown University Center, Education, Savvas Learning Company, IBM, BI, Research, McKinsey Locations: Northridge, Los Angeles, America

☆ Salesforce CEO Marc Benioff slams Microsoft's Copilot again, calling it 'disappointing'
▼ + stars: | 2024-10-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Marc Benioff criticized Microsoft's Copilot again, calling it "disappointing" and inaccurate. The Salesforce CEO slammed Microsoft's AI assistant in an X post, saying, "It just doesn't work." AdvertisementMarc Benioff has criticized Microsoft's AI assistant, Copilot, for the second time in as many months. The Salesforce chief called Copilot "disappointing" in a post on X. Salesforce has launched its own AI assistant called Einstein Copilot. On both occasions, Benioff compared Microsoft's Copilot to Clippy — the discontinued animated paperclip that offered suggestions in applications including Word.

Persons: Marc Benioff, Microsoft's Copilot, Microsoft's, —, Copilot, Salesforce, Einstein, Clippy, Benioff, Gartner, Microsoft didn't Organizations: Service, Gartner, Microsoft, Business

Three EPA whistleblowers told ProPublica on Thursday that their complaints were the subject of the reports (which redact employee names). After endorsing Trump, Kennedy wrote in a Wall Street Journal op-ed that the U.S. could “revisit pesticide and other chemical-use standards” if Trump wins. “The EPA was sort of paralyzed under the Trump administration,” she said. It’s not yet clear what Kennedy’s role might be in a potential Trump administration, or which decisions he’d help to make as part of the transition team. Even with Kennedy’s ties to Trump, Gartner said she would expect the EPA under a second Trump administration to act similarly to the first one.

Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, ”, Maria, Sean O’Donnell, ProPublica, Remmington Belford, “, Kennedy —, Tucker Carlson, ” Karoline Leavitt, ” Kennedy, Sharon Lerner, Lerner, Michal Freedhoff, , Freedhoff, Biden, Karen McCormack, McCormack, Trump’s, —, Eve Gartner, Danielle Alvarez, It’s, Carlson, Steven Cheung, Gartner Organizations: Environmental Protection Agency, NBC News, Trump, EPA, Chemical Control, Environmental Defense Fund, EPA’s, Trump ., RFK Jr, RFK, European Union, The, of Chemical Safety, Toxic, Federal, Food and Drug Administration, National Institutes of Health, Centers for Disease Control Locations: U.S, Milwaukee, ”

☆ Some smaller stocks could see big gains as the Fed cuts rates. Here are a few
▼ + stars: | 2024-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve's latest rate-cutting campaign. Sarepta's total debt is more than one-and-a-half times bigger than its total equity. Civitas' total debt recently stood at about 79% of total equity. Chart's total debt currently eclipses its total equity by 1.4 times. "GTLS's core portfolio is comprised of natural gas, energy transition and renewables applications, where our outlook remains constructive," wrote analyst Devin McDermott.

Persons: Russell, Gavin Clark, Gartner, Clark, Zach Parham, Parham, Morgan Stanley, Devin McDermott Organizations: Dow Jones Industrial, Nasdaq, CNBC, Sarepta Therapeutics, ISI, Civitas Resources, Wednesday, JPMorgan, Civitas, Industries Locations: U.S, Cambridge, Sarepta, Friday's

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ Amid AI boom, tech can't afford to neglect spending in these IT areas
▼ + stars: | 2024-09-08 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

Data analytics and decision-makingIn the digital economy, data is gold. Those organizations that leverage data and data analytics well can improve the customer experience and move out in front of competitors. With advancements in data analytics, companies can take advantage of real-time data processing, predictive analytics, and AI-powered analytics to make informed decisions quickly, Gilchrist said. AI, as neededYes, companies should continue to invest in AI solutions, but in many cases with a more discerning approach. "AI investments should focus on areas where automation, predictive analytics, or AI-driven insights can solve specific business problems or create new revenue streams."

Persons: Christopher Gilchrist, Forrester, Gilchrist, Janelle Hill, Hill Organizations: Gartner, IT, Investments

That continues a trend from 2023, when generative AI companies raised $25.9 billion for the full year, up more than 200% from 2022. The average round for AI companies is 140% bigger this year compared with last, the data shows, while for non-AI companies the increase is only 10%. Most venture investors are bullish on the potential for generative AI to eventually create big returns at the application layer. John-David Lovelock, an analyst at Gartner and a 35-year veteran of the IT industry, sees a big opportunity for generative AI in the enterprise. Yet, in 2024, only 1% of the trillion dollars spent on software will be from businesses spending on generative AI products, he said.

Persons: Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, aren't, They're, Melissa Incera, Chip Hazard, PitchBook, that's, Cerebras, hasn't, Jeremiah Owyang, Owyang, That's, —, Cohere, Tobias Lutke, Inovia, JPMorgan Chase, Elon Musk's, what's, NASA's, Joe Raedle, Michael Harris, David Lovelock, Lovelock Organizations: Amazon Web, Getty, Microsoft, Nvidia, Tech, P Global Market Intelligence, CNBC, U.S, Forge, Flybridge Capital Partners, Federal Reserve, Meta, Nasdaq, Benchmark, Foundation Capital, SEC, Blitzscaling Ventures, Menlo Ventures, Inovia, Menlo, SPV, AMD, Oracle, Representatives, JPMorgan, Morgan Private Ventures, Elon Musk's SpaceX, SpaceX, Polaris, NASA's Kennedy Space Center, New York Stock Exchange, NYSE, Astera Labs, Tempus, Google, Facebook, Gartner Locations: Vegas, Las Vegas, PitchBook, Anthropic, Montreal, xAI, Cape Canaveral , Florida

☆ How an edtech startup used AI tools like Midjourney and HeyGen to boost its ad performance by 40%
▼ + stars: | 2024-09-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Pavlovsky said the use of AI tools has made a profound difference to the company's marketing performance. AdvertisementHeadway joins a growing number of marketers looking to harness AI tools, in part to reduce their advertising costs. Headway is using AI tools like HeyGen, Rask, and MidjourneyFounded in Ukraine in 2019, Headway operates a portfolio of educational apps that combined have been downloaded by more than 110 million users worldwide. Its flagship app, Headway, offers 15-minute summaries of popular nonfiction books, as well as challenges and daily micro-learning sessions. All of Headway's user-generated-content video ads are now produced using some element of AI technology, such as for subtitles or voiceovers, the company said.

Persons: —, OpenAI, Anton Pavlovsky, Pavlovsky, Klarna, Mona Lisa, Leonardo, Marie Antoinette, it's Organizations: Service, Business, Gartner, Midjourney, Facebook, Google, UGC, YouTube Locations: Ukrainian, Silicon, Ukraine, Ukraine's, Kyiv

☆ AI copilots are making internal breaches easier and costlier to defend against
▼ + stars: | 2024-08-23 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

At least, that's what data security experts like Matt Radolec, vice president of incident response at data security company Varonis, say. "Copilots have pass-through permissions," Radolec said. There's also value in proceeding at a slow and steady pace with gen AI processes. Instead, Ensono is developing its own tool so the company can better enable and control its data security. Gen AI has made cybersecurity mistakes costlier, and insiders now pose a bigger threat — malicious or otherwise — than ever before.

Persons: Matt Radolec, GitHub, Salesforce's Einstein, Radolec, it's, they've, Shawnee Delaney, Uber, Delaney, Meredith Graham, I'm, Graham, costlier Organizations: Istock, Getty, Vaillance Group, Defense Intelligence Agency, Merck, Microsoft Locations: —

☆ VMware customers report massive price increases since Broadcom takeover: 'Feels quite a bit like being held for ransom'
▼ + stars: | 2024-08-20 | by ( Rosalie Chan | Ashley Stewart | ) www.businessinsider.com time to read: +10 min

AdvertisementVMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services. VMware price hikesDave Russell, senior vice president and head of strategy at Veeam, said his company saw a 300% price increase in the VMware products it's using. Hinkley said CloudBolt's customers have seen VMware price increases ranging from 140% to 600%. Hinkley said longtime VMware customers have spent years developing code and automation processes in their IT infrastructure specifically for running VMware products. Similarly, Virtuozzo CEO Alex Fine said over 200 providers approached his company as a result of the price increases.

Persons: —, Craig Hinkley, Rick Vanover, David Rowe, Dave Russell, he's, Russell, Hinkley, they'd, Forrester, Rowe, We've, Steve Tuck, Renee Wells, Wells, Alex Fine, We're, Fine, Rajiv Ramaswami, Ramaswami, Rosalie Chan, Ashley Stewart Organizations: VMware, Service, Broadcom, VMware's, Microsoft, Gartner, Oxide Computer, Rimini, Dell, Nutanix Locations: Rimini, rosal

☆ The AI world's most valuable resource is running out, and it's scrambling to find an alternative: 'fake' data
▼ + stars: | 2024-08-09 | by ( Hasan Chowdhury | Hugh Langley | ) www.businessinsider.com time to read: +11 min

OpenAI CEO Sam Altman has argued that AI models should eventually produce synthetic data good enough to train themselves effectively. As the well of usable human-generated data dries up, more companies look into using synthetic data. Rather than being pulled from the real world, synthetic data is generated by AI systems that have been trained on real-world data. Synthetic data may help offer some effective "countertuning" to the biases produced by real-world data, too. 'Habsburg AI'While the AI industry found some advantages in synthetic data, it faces serious issues it can't afford to ignore, such as fears synthetic data can wreck AI models.

Persons: —, that's, Sam Altman, Gary Marcus, It's, Nathan Lambert, Gretel, SynthLabs, Meta, Timnit Gebru, Margaret Mitchell, LLMs, Sadowski, Alexandr Wang, AlphaGeometry, Marcus Organizations: Service, Google, Business, Oxford, Gartner, New York University, Allen Institute, AI, Nvidia, Meta's, Anadolu, Getty, Rush, Microsoft, Monash University Locations: Cambridge, Habsburg

☆ Meta, Amazon, and Alphabet are spending big in a battle to dominate AI. It might not end well.
▼ + stars: | 2024-08-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Read previewAI is burning a big hole in the pockets of Big Tech. Leaders at Meta and Alphabet have conceded that they might be funneling too much money into AI out of fear of falling behind in the arms race. AdvertisementGartner's research shows that generative AI requires executives to have a higher tolerance for indirect gains on their investments in the future over immediate returns. AdvertisementBut Big Tech executives believe that generative AI will bring about some of the biggest technological changes the world has seen in the past century — so it's worth the risk. Amazon CEO Andy Jassy said in a letter to shareholders earlier this year that generative AI "may be the largest technology transformation since the cloud" and maybe even "since the internet."

Persons: —, Mark Zuckerberg, Zuckerberg, Sundar Pichai, Rita Sallam, Elliott, Andy Jassy, Brian Olsavsky, Dan Ives Organizations: Service, Big Tech, Meta, Business, Nasdaq, Gartner, Analytics, Eliott Management, Financial Times, Big, Wedbush Securities

☆ Why you should avoid use of one-time passwords sent by text
▼ + stars: | 2024-07-27 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

One of the most convenient methods for mobile phone users to log into apps — and one many companies rely on to grant access — is the one-time password, or OTP, often shared by text. Consumers are being urged to be mindful of the different types of one-time passwords, and the relative security risks versus benefits that each offers. Authenticator apps can still be vulnerable to some types of attacks like "adversary in the middle" but they're still safer than SMS, Allan said. Consider mobile app push for better protectionAn even more secure option for authentication works in tandem with mobile apps on a user's phone. Opt for hardware security key when possibleAn even better option is to use a hardware security key like Yubico.

Persons: Ant Allan, Allan, Tracy C, Kitten, it's, Cedric Thevenet, Thevenet, It's, FIDO, Dusty Anderson, OTPs Organizations: Gartner Research, Strategy, Research, Google, Microsoft, Capgemini, FIDO Alliance, SMS

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