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☆ Why the West's vital undersea cables are so vulnerable to attack
▼ + stars: | 2024-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.

Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland

☆ Instead of job killings, there's a strange AI hiring boom happening, according to Marc Andreessen
▼ + stars: | 2024-11-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

Instead of killing jobs, generative AI is fueling a surprising job boom, according to the venture capitalist Marc Andreessen. OpenAI and Google are struggling to significantly improve their next AI models, multiple media reports said this week. That's what makes these AI models smart, and without that, OpenAI and others are hitting a worrying wall. They're a function of the training data," Andreessen said. "And a big part of the AI hiring boom is actually hiring the experts to actually craft the answers to be able to train the AI."

Persons: Marc Andreessen, Horowitz, Andreessen, OpenAI, Ben Horowitz, Andreessen's Organizations: Google, AIs, Business, Andreessen Locations: chimed

☆ Nvidia CEO says there's 'no question' that we'll all be working alongside AI employees
▼ + stars: | 2024-11-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Nvidia CEO Jensen Huang doubled down on his vision for "AI employees" in a recent interview. The CEO said he believes AI agents will be specialized and rented out by other companies. Nvidia CEO Jensen Huang recently talked about why he thinks we'll all be working alongside "AI employees" eventually. "There's no question we're gonna have AI employees of all kinds," Huang told the podcast "No Priors" in an episode published Thursday. The Nvidia CEO said that while this will change some jobs, it will also help secure employment.

Persons: Jensen Huang, Huang, —, we'll, they're, Eric Yuan, Yuan, Sundar Pichai Organizations: Nvidia, Service, Wired, AIs, Slack, Cadence

☆ Snowflake CEO explains why 'the insidious thing' about AI hallucinations isn't the occasional error
▼ + stars: | 2024-11-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Snowflake CEO Sridhar Ramaswamy said tech firms lack transparancy about their AI hallucination rates. Snowflake CEO Sridhar Ramaswamy said AI companies would benefit from making it clear just how often that happens. Some tech moguls have defended AI hallucinations, including OpenAI CEO Sam Altman, who said that AI models that only answered when absolutely certain would lose their "magic." Anthropic cofounder Jared Kaplan said earlier this year that the end goal is AI models that don't hallucinate, but occasional chatbot errors are a necessary "tradeoff" for users. AdvertisementBaris Gultekin, Snowflake's head of AI, told Business Insider in a statement that AI hallucinations are the "biggest blocker" for generative AI to front-end users.

Persons: Sridhar Ramaswamy, —, Snowflake, Logan Bartlett, Ramaswamy, Sam Altman, Altman, Jared Kaplan, OpenAI, Baris, it's, Gultekin, Claude, ChatGPT Organizations: Service, Google, AIs

☆ 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

☆ I created a chatbot of myself and had it answer my Instagram DMs. Boy, was I annoying.
▼ + stars: | 2024-10-27 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

— when I saw the way that Meta's new AI chatbot interpreted me. There's a relatively new feature that came this summer, along with some other AI chatbots, where some Instagram creators can answer DMs from fans using a chatbot based on themselves. Let's chat snacks casually 🍿"I appreciate that no one was able to get my AI chatbot canceled or convicted of a crime, but man, my AI was a real killjoy. I tested out chatting with a few of the other AI chatbots available for other creators, and the experience wasn't amazing. I asked a celebrity chef's AI chatbot, "What should I eat for dinner?"

Persons: There's, —, miley e, hatter, hem., y Organizations: Service

☆ Ex-Twitter CEO Parag Agrawal has moved his AI startup out of stealth, calling it Parallel
▼ + stars: | 2024-10-21 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Parag Agrawal updated his LinkedIn page with his AI startup's name for the first time: Parallel Web Systems. The ex-Twitter CEO raised about $30 million for the startup, The Information reported in January. AdvertisementThe former CEO of Twitter has moved his AI startup out of stealth mode with a previously unknown name: Parallel Web Systems. Agrawal raised about $30 million for the startup, The Information reported in January when the startup's name was still unknown. From Twitter to AI startupAgrawal was the CEO of Twitter from November 2021 to October 2022, when Elon Musk fired him following his acquisition of the platform.

Persons: Parag Agrawal, Parallel's, —, Agrawal, Elon Musk, Kurt Wagner's, Wagner, Musk, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Systems, AIs, Service, Twitter, Khosla Ventures, Index Ventures, LinkedIn, Company, Shapley Inc, Business Locations: Palo Alto , California, San Francisco

☆ Jensen Huang says he wants Nvidia to be a company with 100 million AI assistants
▼ + stars: | 2024-10-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Jensen Huang says he hopes Nvidia will be a 50,000 employee company with "a 100 million AI assistants." Huang described a future where Nvidia can use AI assistants across every division to raise output. "I'm hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group," Nvidia CEO Jensen Huang said on an episode of the "Bg2" podcast released on Sunday. AI agents break down a task into multiple smaller steps, each tackling a specific task to achieve a broader objective. And Google CEO Sundar Pichai said in May that the company is working on developing AI agents with more capabilities.

Persons: Jensen Huang, Huang, —, I'm, Marc Benioff, Sundar Pichai, Pichai Organizations: Nvidia, Tech, Google, Service, AIs, Slack, Bloomberg, Big Tech

☆ Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
▼ + stars: | 2024-10-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty ImagesSatellite imagery revealed a number of oil tankers vacating the waters around Iran's key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran's energy infrastructure. Their empty VLCC supertankers vacated the country's largest oil terminal, Kharg Island, yesterday," tracking firm TankerTrackers.com wrote in a post on the X social media platform on Thursday evening. VLCC tankers are specifically designed to transport large volumes of crude oil. Kharg Island: Iran's largest oil terminalLocated fifteen miles off Iran's northwestern coast, the Kharg Island terminal handles more than 90% of the country's crude exports.

Persons: Fatemeh, TankerTrackers.com, Hassan Nasrallah —, Samir Madani, Sara Vakhshouri, Joe Biden, Biden Organizations: Anadolu Agency, Getty, National Iranian Tanker Company, Copernicus, Sentinel, Sentinel Hub CNBC, CNBC, Kharg, SVB Energy, Brent, West Texas Locations: Kharg, Iran, Israel, Persian, London

☆ Bill Gates shares his 3 biggest concerns about AI
▼ + stars: | 2024-09-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

AdvertisementBill Gates is a self-described optimist about the future of AI, but the tech still raises a few key concerns for him. Experts have warned AI models can be abused for purposes like carrying out scams or cyberattacks or spreading misinformation , among other things. Besides Gates, other business leaders have also expressed concerns about AI and an interest in more regulation and guardrails on the technology. Many share some of Gates' concerns. Looking more at the present, Gates has said he uses AI in his own life to summarize meetings he attends.

Persons: Bill Gates, —, Kara Swisher, Gates, Joe Biden's, Goldman Sachs, HubSpot, — it's, you've, Michael Schwarz, Sam Altman, Microsoft's Organizations: Microsoft, Service, AIs, cybercrime Locations: bioterrorism

☆ An 'AI apocalypse' is coming to investing. How financial advisors can prepare
▼ + stars: | 2024-09-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.

Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs

☆ Meta's new AI chatbots are already getting weird — and horny
▼ + stars: | 2024-08-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Read previewI've spent one day interacting with chatbots made with Meta's new AI Studio, and I already have six new boyfriends and four new girlfriends. Character AI also has its own share of AI boyfriends and girlfriends to talk to. When prompted to engage in NSFW content, the Meta AI bots I interacted with generally shut it down (often, politely). Meta's AI studio has a parody "MrBeast" chatbot and its popular characters include a "Gay Bestie" and "Relationship Coach." Unlike Meta's character AIs, creators can see the messages you send to their inbox, even if their automated AI responds.

Persons: —, I've, chatbots, I'm, Meta, Paris Hilton, Snoop Dogg, Mark Zuckerberg, Sydney Bradley, Ash, Andreessen Horowitz, it's, OpenAI's, Eric, George Organizations: Service, Meta, Business, AIs, Sydney, Olin Business School, GPTs Locations: MrBeast, Minnesota, DMs

☆ Meta scraps celebrity AI chatbots after less than a year, despite reportedly paying top creators as much as $5 million
▼ + stars: | 2024-08-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Meta has scrapped its celebrity AI assistants after less than a year. The company is shifting focus to its new AI Studio, which lets users create their own AI bots. AdvertisementMeta has scrapped its celebrity AI assistants after less than a year. The company is pivoting to focus on its new AI Studio, in a move first reported by The Information. This story is available exclusively to Business Insider subscribers.

Persons: Meta, —, Mark Zuckerberg Organizations: Tech, Service, Meta, The, AIs, Business

☆ Gold chains and leather jackets: The business deals behind the tech industry's most powerful bromance
▼ + stars: | 2024-07-30 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMeta CEO Mark Zuckerberg didn't let the tomatoes touch after he cut them into perfectly uniform slices. "In our company, I want every engineer and every software developer to have an AI or many AIs," Huang said to Zuckerberg. Huang and Zuckerberg have big stakes in that vision coming true, according to Paul Baier, CEO and principal analyst at GAI Insights. Huang needs to ensure LLMs keep building with Nvidia chips and Zuckerberg needs Huang's credibility to bolster his semi-open-source strategy.

Persons: —, Mark Zuckerberg didn't, Huang, Zuckerberg, Google's, Meta's, Meta, Paul Baier, Baier Organizations: Service, Business, Nvidia, Meta, Microsoft, AIs Locations: Hawaii

☆ Alphabet's earnings show investors are impatient for the data on AI returns. No one has the answer yet.
▼ + stars: | 2024-07-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped. In April the CEO of Google DeepMind, Demis Hassabis, said that Google plans to invest more than $100 billion over time to develop AI technology. Advertisement"On the cloud and AI stuff, you know, it's obviously, you know, you know, something which I think will end up being a big driver over time," Pichai said. The company's cloud business crossed $10 billion in revenue for the first time, reaching $10.3 billion — fueled in part by AI demand, Pichai said.

Persons: —, Sundar Pichai, Philipp Schindler chimed, Pichai, Schindler, Demis Hassabis Organizations: Service, Business, Google, AIs, YouTube

☆ Startups are building robots that can perceive the human world. Here's why VC firms like Khosla and a16z say that spatial intelligence will be the next big thing in AI.
▼ + stars: | 2024-07-09 | by ( Samantha Stokes | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.

Persons: —, Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, –, Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei

☆ Mark Zuckerberg has a bone to pick with how some tech workers talk about AI
▼ + stars: | 2024-06-27 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg talked about one of his biggest turnoffs in the AI industry right now. Zuckerberg doesn't think there will be a single best AI, similar to how you don't use just one app. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhile Mark Zuckerberg has launched Meta headfirst into the AI arena, he's not a fan of some who think they're creating some sort of singular AI "God." "The future is not going to be one AI," Zuckerberg said.

Persons: Mark Zuckerberg, Zuckerberg, —, YouTuber Kane Sutter Organizations: Meta, Service, AIs, Business

☆ Can Tim Cook sell you a new iPhone based on Apple's new AI features? It's a huge question for the company.
▼ + stars: | 2024-06-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

That's the scenario Apple sketched out Monday, when it tried to explain how it was integrating AI into its ecosystem. But it's also a very real problem for Apple since Apple is in the business of selling expensive, high-margin hardware. AdvertisementBut I do have a third, vibes-based theory about why the AI that Apple showed off didn't blow me away. And during Apple's Monday demo, the company played on both sides of that line: It would tell you that Apple's AI could instantly make your writing better. In Apple's framing, that's AI that's helpful, but not creepy; immediately useful, but not too disruptive.

Persons: —, Apple, it's, we've, Tim Cook, Craig Federighi Organizations: Service, Business, Apple, iPhones, AIs Locations: emojis

☆ Online scams might soon just be a battle between AIs
▼ + stars: | 2024-06-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

A Harvard study found that AI phishing scams are as effective as human ones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOnline scams might soon just be a battle between AIs, one launching the attacks and another defending against them. Online scams are only becoming more prevalent, and with new AI technology, Harvard researchers say they could become much more difficult to avoid. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Harvard, Service, AIs, Harvard Business School, Harvard Business, Business

☆ Yemen's Houthi rebels are menacing ships on the high seas
▼ + stars: | 2024-05-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Read previewHouthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea. AdvertisementHe noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."

Persons: —, Good Hope, Bryan Clark, James Patton Rogers, Rogers, Samad, Yemen's, Mohammed Hamoud, Clark Organizations: Service, MSC Orion, Business, Hudson Institute, Cornell Tech Policy Institute, US, EU, AIS, Orion, Ships Locations: of Africa, Africa's, Good, Red, Ukraine, Israel

☆ No, ChatGPT-4o isn't coming for your job. Yet.
▼ + stars: | 2024-05-14 | by ( Matthew Loh | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewOpenAI unveiled its latest ChatGPT tech on Monday, presenting a new voice mode that can show and detect emotion in a sophisticated, conversational style. They also cautioned that most people have been reacting to a tech demo, which can often be highly tailored and might not necessarily reflect the product's true capability. pic.twitter.com/ZncytI234K — Allen T (@Mr_AllenT) May 13, 2024OpenAI also showed potential adopters new use cases, such as translation and teaching services. AdvertisementThe new video camera and voice features do wonders for ChatGPT's potential in roles like customer support, van Rossum added. But it's going to be much more difficult for ChatGPT to take over customer support, teaching, or negotiation, Leong said.

Persons: —, Scarlett Johansson, OpenAI, — Allen, Mira Murati, ChatGPT, wpB6sGjA7E, Alex Kantrowitz, Siri, Alexa, Daan van Rossum, van Rossum, Leslie Teo, Teo, Ben Leong, it's, Leong, Simon Lucey, Lucey, We've Organizations: Service, Big, Business, AIs, Companies, Singapore, National University of Singapore, University of Adelaide's Australian Institute for Machine, Microsoft Locations: Big Tech, Singapore

☆ AI has entered the workplace. 3 industry leaders discuss how businesses can embrace it.
▼ + stars: | 2024-04-30 | by ( Leila Jordan | ) www.businessinsider.com time to read: +4 min

As the new technology accelerates in skill and ubiquity, business leaders are racing to figure out what the relationship between workers and AI will look like in years to come. Business Insider's virtual event "Human-AI Collaboration: The Key to Workplace Efficiency and Innovation," presented by Dell Technologies, brought together a panel of experts to discuss the trials, triumphs, and future of AI. He discussed the major ways in which Dell is integrating AI into its processes, from increasing productivity for developers to automating content. "There are predictions that we could have two times, three times, even four times the employment demand for new job growth as a result of gen-AI and AI ethicists, AI translators, AI mediators, AI co-creative, AI legal, and compliance experts," Miscovich said. Working with AI from the ground floor can allow businesses to design the parameters that will guide AI's future presence in the workplace.

Persons: Matt Baker, Mozziyar Etemadi, Peter Miscovich, Tim Paradis, Baker, Miscovich, Etemadi Organizations: Service, Efficiency, Dell Technologies, Business, Dell, Northwestern Medicine, AIs

☆ Gen Z's Dream of Becoming Influencers Is Getting Harder Thanks to AI
▼ + stars: | 2024-04-09 | by ( Clem De Pressigny | ) www.businessinsider.com time to read: +13 min

Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.

Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada

☆ Some Gen Z women are crushing on ChatGPT's evil alter ego
▼ + stars: | 2024-04-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewAfter 10 hours of talking with DAN — ChatGPT's dark, rule-breaking alter ego, Ash was "crushing" on him. AdvertisementWhen she asked DAN to call her a "bad girl," she was "genuinely surprised" that it did. Another user named Nicole, for example, asked DAN to act like her boyfriend while her real-life one was out of town. Around 16% of young women confirmed flirting with a chatbot, while 13.4% said they had formed a friendship with one. "The more authentic and human AI can sound, the greater the possibility of a human developing feelings for it," she said.

Persons: —, DAN —, Ash, DAN, Hitler, Ash isn't, Dido, She's, Nicole, cussed, Dan, It's, we're, I'm, Sanam Hafeez, Dr, Daniel Weiner, Weiner, Siri Organizations: Service, Business, Services, Digital Psychiatry, Jersey Shore University Medical Center, Hackensack Meridian School of Medicine, AIs Locations: DAN

☆ How the Coast Guard is carefully letting ships back into Baltimore port for bridge cleanup
▼ + stars: | 2024-04-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Debris is cleared from the collapsed Francis Scott Key Bridge as efforts begin to reopen the Port of Baltimore on March 31, 2024, in Baltimore, Maryland. Tasos Katopodis | Getty Images News | Getty ImagesCoast Guard officials tell CNBC the secondary channel that is being created in the southwest channel of the Port of Baltimore will only welcome commercial vessels that are cleared by the Coast Guard in the removal of debris. "The vessels will be decided on a case-by-case basis," said Carmen Caver, Coast Guard spokesperson. The draft for the select commercial work vessels that will be permitted by the Coast Guard to help in the removal of Key Bridge debris is 10 feet. Based on a review of AIS data from MarineTraffic, there have been almost 1,000 containership arrivals at Baltimore port since January 2022, with an average TEU (container capacity) of 7,039, according to Nikos Pothitakis, Kpler spokesman.

Persons: Francis Scott Key, Tasos Katopodis, Carmen Caver, Dali, Nikos Pothitakis, Aaron Roth, Roth Organizations: Getty, Coast Guard, CNBC, Francis Scott Key Bridge, Maersk, Dali, Chertoff Group Locations: Port of Baltimore, Baltimore , Maryland, Port, Baltimore, MarineTraffic, East, Dali

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