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☆ OpenAI announces a search engine called SearchGPT; Alphabet shares dip
▼ + stars: | 2024-07-25 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share from Google in search by giving consumers new ways to seek information online. Alphabet shares were trading about 2.5% lower on Thursday, while the Nasdaq was up slightly. The SearchGPT announcement follows OpenAI's launch last Thursday of a new AI model, "GPT-4o mini." Last year, OpenAI Chief Operating Officer Brad Lightcap told CNBC: "The world is multimodal.

Persons: Sundar Pichai, OpenAI, Siri, Sarah Friar, Kevin Weil, Brad Lightcap Organizations: ChatGPT, Google, Nasdaq, Microsoft, Apple, Planet Labs, Twitter, Facebook, CNBC

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ OpenAI's new SearchGPT prototype is a declaration of war against Google
▼ + stars: | 2024-07-25 | by ( Jyoti Mann | Ana Altchek | ) www.businessinsider.com time to read: +5 min

The AI company announced "SearchGPT" on Thursday, an early version of a search product that shows the company is one step closer to launching its own search engine. In a blog post, OpenAI said it's "testing SearchGPT, a temporary prototype of new AI search features that give you fast and timely answers with clear and relevant sources." A screenshot of search results from OpenAI's new SearchGPT prototype, which is in the testing phase. OpenAIOpenAI has Google in its crosshairsWith SearchGPT, OpenAI is clearly positioning itself against Google's Search Generative Experience (SGE) and AI startup Perplexity's search feature. AdvertisementOpenAI's announcement comes after The Information in February that the company had been quietly developing its own web search product.

Persons: —, OpenAI, Sam Altman, OpenAI OpenAI, Google's SGE, Microsoft's Bing, Bing, Satya Nadella, OpenAI didn't Organizations: Service, Business, Google, Microsoft, Department of Justice, DOJ Locations: boone north carolina, SearchGPT

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ The biggest winner from Tesla and Alphabet earnings? Jim Cramer says it's Nvidia
▼ + stars: | 2024-07-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

What we learned from Tesla and Alphabet earnings gave us reasons to remain upbeat about Nvidia shares despite another brutal tech sell-off . Nvidia was the "big winner" Tuesday evening, Jim Cramer said Wednesday on CNBC. The Club stock was down only 3% at the time of Jim's comments. Following an earnings miss that pressured Tesla stock, CEO Elon Musk sang Nvidia's praises. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Tesla, Elon Musk, Musk, we've, ChatGPT, Musk's, Sundar Pichai, Pichai, Nvidia's, Blackwell, Jim, Jim Cramer's, Jensen Huang, Cheng Organizations: Nvidia, CNBC, The Club, Nasdaq, Microsoft, Devices, Google, Management, Club, AFP, Getty Locations: Taipei

☆ Mark Zuckerberg agrees with Elon Musk that OpenAI's name is misleading but says Sam Altman deserves credit for how he runs the ChatGPT maker
▼ + stars: | 2024-07-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk has long criticized OpenAI for building closed-source AI models despite its name. Now, Mark Zuckerberg is dishing out the same criticism, calling the name "somewhat ironic" in a new interview. But, Zuck added, Sam Altman "deserves a lot of credit" for how he runs OpenAI and handles scrutiny. AdvertisementMonths after nearly duking it out in a cage fight, it looks like Mark Zuckerberg and Elon Musk have found common ground: They both think OpenAI is a misnomer. Zuckerberg suggested the AI organization headed by Sam Altman is ill-named in a Bloomberg Originals interview released Tuesday.

Persons: Elon Musk, Mark Zuckerberg, Zuck, Sam Altman, —, Zuckerberg, that's, it's Organizations: Service, Bloomberg, Business

☆ Elon Musk has finally found something that he can agree with Mark Zuckerberg on
▼ + stars: | 2024-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk and Mark Zuckerberg nearly got into a cage fight after Meta tried to dethrone X with Threads. Musk paid Zuckerberg a rare compliment after Meta released its latest AI model on Tuesday. AdvertisementElon Musk has long been at loggerheads with Mark Zuckerberg. But there is at least one subject on which Musk can see eye to eye with Zuckerberg. On Tuesday, Musk offered a rare compliment to Zuckerberg after Meta released its latest AI model, Llama 3.1.

Persons: Elon Musk, Mark Zuckerberg, Meta, Musk, Zuckerberg, — Organizations: Meta, Service, Zuckerberg, OpenAI's, Business

☆ OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC. Madry will still work on core AI safety work in his new role, OpenAI told CNBC. The decision to reassign Madry came less than a week before a group of Democratic senators sent a letter to OpenAI CEO Sam Altman concerning "questions about how OpenAI is addressing emerging safety concerns." Leike wrote in a post on X that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Aleksander Madry, Madry, reassign Madry, it's, Lina Khan, they've, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman, Altman Organizations: Microsoft, CNBC, MIT's Center, MIT, Democratic, Google, Meta, FTC, Department of Justice, Nvidia Locations: Redmond , Washington

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ Events startup Posh just raised $22 million as the IRL space heats up. Read the 12-page pitch deck it used.
▼ + stars: | 2024-07-23 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Read previewLike many tech startups, Posh, an events marketplace platform, was born in a college dorm room. "We pivoted from an event company into a software company," as a result, CEO Price told Business Insider. Last month, the app had over 5,000 events listed on the app, Price said. Advertisement"A big thesis of ours is actually that we can create a new revenue stream for creators by congregating their top 1% of fans IRL," Price added. AdvertisementRead the 12-page pitch deck Posh used to raise its $22 million Series A:Note: The company updated and redacted some figures in the deck.

Persons: —, Eli Taylor, Avante Price, Posh, Price, Sam Altman, " Altman, Logan Bartlett, Ariana Nathani Organizations: Service, New York University, Business, Goodwater Locations: Miami, New York

☆ Marc Andreessen thinks comedy is basically dead. He believes AI could save it.
▼ + stars: | 2024-07-23 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Marc Andreessen said AI could revive comedy. AI tools like Luma AI or OpenAI's Sora allow animators to create shows quickly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAI is already providing us with some answers, but venture capitalist Marc Andreessen believes it may also soon be able to give us a laugh. This story is available exclusively to Business Insider subscribers.

Persons: Marc Andreessen, Sora, —, Andreessen Horowitz, Chris Best, It's Organizations: Studios, Pixar, Service, Business

☆ Nvidia power players: Meet the 13 leaders driving the AI chip giant's massive success
▼ + stars: | 2024-07-23 | by ( Helen Li | ) www.businessinsider.com time to read: +1 min

Nvidia transformed from a video game graphics company to a semiconductor and AI giant. Nvidia's GPUs and CUDA software dominate cloud and data-center operations for major tech firms. Business Insider profiled the people instrumental to the company's success and generative AI boom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It ultimately specialized in the GPU, or the graphics processing unit, the chip that would revolutionize the computing industry.

Persons: —, OpenAI's Organizations: Nvidia, Business, Service, Microsoft Locations: Santa Clara , California

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ How Amazon is using AI to make your shopping better
▼ + stars: | 2024-07-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Amazon is also using AI to create highlights about how clothing fits, the quality of the fabric, and other aspects based on buyer reviews. aims to reduce the number of damaged or incorrect products Amazon sendsAn Amazon warehouse. MARCO BERTORELLO/AFP via Getty ImagesAmazon has cut down on packaging waste — think about those times you've gotten something tiny in a huge box — using AI. The approach means that Amazon can ship products using less cardboard and other packaging materials by using them more efficiently. AI can give you recommendations on Amazon's Fire TVAmazon isn't just using AI for shopping.

Persons: —, you've, there's, they're, Rufus, Rufus chatbot, Amazon, Sean Gallup, MARCO BERTORELLO, Smalls, Alexa, Maestro Organizations: Service, Business, Amazon, Apparel, Getty, Workers, Amazon's, Fire, Amazon Music, Foods Locations: Amazon, AFP

☆ OpenAI debuts mini version of its most powerful model yet
▼ + stars: | 2024-07-18 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI will launch a new AI model, "GPT-4o mini," the artificial intelligence startup's latest effort to expand use of its popular chatbot, later on Thursday. The company called the new release "the most capable and cost-efficient small model available today," and it plans to integrate image, video and audio into it later. The mini AI model is an offshoot of GPT-4o, OpenAI's fastest and most powerful model yet, which it launched in May during a livestreamed event with executives. The mini AI model announced Thursday is part of OpenAI's push to be at the forefront of "multimodality," or the ability to offer a wide range of types of AI-generated media, like text, images, audio and video, inside one tool: ChatGPT. GPT-4o mini will be available later Thursday to free users of ChatGPT, along with ChatGPT Plus and Team subscribers, and it will be available to ChatGPT Enterprise users next week, the company said in a release.

Persons: Brad Lightcap Organizations: omni, Microsoft, CNBC, ChatGPT, ChatGPT Enterprise Locations: GPT

☆ Brain implant patient says OpenAI's tech helps him communicate with family
▼ + stars: | 2024-07-16 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Mark using Synchron's BCI Courtesy: SynchronA 64-year-old named Mark has spent the last year learning how to control devices like his laptop and phone using a brain implant. Mark, who asked CNBC not to use his last name for privacy reasons, was implanted with Synchron's BCI in August 2023. H/O: Synchron's AI-Powered chat feature Courtesy: SynchronMark has been testing Synchron's new chat feature intermittently over the last two months. For instance, Mark can use the chat feature to schedule an appointment with his doctor and keep up with his daughters. Oxley said Synchron is still working to roll out the new chat feature, but Mark has helped pioneer it.

Persons: Mark, OpenAI, it's, Synchron, I've, Thomas Oxley, Oxley Organizations: BCI, CNBC, Synchron's BCI

☆ 4 ways OpenAI's newest AI model GPT-4o can make you more productive at work
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

OpenAI has led the AI race with ChatGPT, which attracted one million users shortly after it became available in November 2022. AdvertisementBut OpenAI's new flagship AI model, GPT-4o, which was announced during OpenAI's Spring Update, has improved capabilities in these areas and "can reason across audio, vision, and text in real time." Here are some of the GPT-4o features that can help make your workday more productive. AdvertisementTo create a GPT, you can go to this site and select "Create a GPT." OpenAI's GPT Builder can create personalized GPTs to fit users' specific needs.

Persons: —, ResumeTemplates.com, ChatGPT, OpenAI Organizations: Service, Business, Microsoft Locations: Washington

☆ OpenAI whistleblowers ask SEC to investigate alleged restrictive non-disclosure agreements
▼ + stars: | 2024-07-13 | by ( Chandni Shah | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 13 (Reuters) - OpenAI whistleblowers have filed a complaint with the U.S. Securities and Exchange Commission, calling for an investigation over the artificial intelligence company's allegedly restrictive non-disclosure agreements, according to a letter seen by Reuters. The AI company allegedly made employees sign agreements that required them to waive their federal rights to whistleblower compensation, according to the letter. The whistleblowers requested the SEC to fine OpenAI for each improper agreement made to the extent the agency deemed appropriate. The whistleblowers alleged that OpenAI issued overly restrictive employment, severance and non-disclosure agreements to its employees, which could have led to penalties against workers who raised concerns about OpenAI to federal authorities. The letter also asked the SEC to require OpenAI to produce every contract that contained a non-disclosure agreement, including employment agreements, severance agreements and investor agreements for inspection.

Persons: Dado Ruvic, Sen, Chuck Grassley, OpenAI, Grassley, Sam Altman, Chandni Shah, Jonathan Landay, Franklin Paul, Diane Craft Organizations: REUTERS, U.S . Securities, Exchange Commission, Reuters, SEC, Washington Post, Security, Thomson Locations: Bengaluru, Washington

☆ After leaving Google, Jakob Uszkoreit started Inceptive to apply AI to drug development
▼ + stars: | 2024-07-12 | by ( Katie Tarasov | ) www.cnbc.com time to read: +1 min

Before co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying to speed up the training of neural networks. That idea gave way to the transformer, the neural network architecture that underpins generative AI. He said OpenAI's ChatGPT, which was launched in late 2022, shined "the spotlight on these applications." The transformer idea was published by Uszkoreit and seven other Google researchers in the 2017 "Attention Is All You Need" paper.

Persons: Jakob Uszkoreit, Uszkoreit, OpenAI's, hasn't Organizations: Google, CNBC

☆ Biggest risks of using gen AI like ChatGPT, Google Gemini, Microsoft Copilot, Apple Intelligence in your private life
▼ + stars: | 2024-07-12 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. From OpenAI's ChatGPT to Google's Gemini to Microsoft Copilot software and the new Apple Intelligence, AI tools for consumers are easily accessible and proliferating. How is your information used and how might it be used? If you're entering a confidential document, the AI model now has access to it, which could raise all sorts of concerns. Set a short retention period for generative AI for searchConsumers might not think much before they seek out information using AI, using it like they would a search engine to generate information and ideas.

Persons: Jodi Daniels, Daniels, Andrew Frost Moroz, Frost Moroz, Jacob Hoffman, Andrews, Hoffman, you've Organizations: Microsoft, Apple Intelligence, Red Clover Advisors, Apple, Company, Aloha, OpenAI, ChatGPT, Frontier Foundation Locations: Miami , Florida

☆ Samsung to launch upgraded voice assistant Bixby this year with its own AI
▼ + stars: | 2024-07-11 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The voice assistant has a variety of functions including live translations and restaurant recommendations. PARIS — Samsung will launch an upgraded version of its voice assistant Bixby this year based on its own artificial intelligence models, the head of the company's mobile business told CNBC. CNBC previously reported that Samsung was working on an upgraded Bixby, but this is the first time the company has confirmed a timeline for the launch. Roh's confirmation of its Bixby upgrade comes just over a month after Apple announced its assistant Siri will be getting an AI upgrade. I believe strongly that these Galaxy AI, mobile AI are strong motivations and drivers for the purchase of new products."

Persons: Roh, Bixby, Siri Organizations: Galaxy, Samsung's, CNBC, PARIS, Samsung, Apple Locations: Paris, France, Korean

☆ Microsoft's decision to give up OpenAI board observer seat doesn't quell key concerns
▼ + stars: | 2024-07-11 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Microsoft has given up its observer seat on OpenAI's board. Apple , which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. "The timing of this move matters," Kak wrote in a message to CNBC. Kak told CNBC that regulators' pursuits are helping to get answers and deliver transparency.

Persons: Satya Nadella, Sam Altman, aren't, Amba Kak, Kak, Lina Khan Organizations: Microsoft, Apple, Financial Times, CNBC, Federal Trade Commission, FTC, Justice Department, Nvidia Locations: San Francisco

☆ Microsoft and Apple may be playing the long game by ditching OpenAI board roles
▼ + stars: | 2024-07-10 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Microsoft has given up its observer role on OpenAI's board, per a letter reported by outlets including Axios. Apple is not expected to take up a similar observer role, The Financial Times reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft and Apple might have made a play to assuage antitrust regulators over their involvement with OpenAI. Microsoft has now relinquished its role as an observer on OpenAI's board, while Apple will not take up a similar spot, according to reports by outlets including The Financial Times.

Persons: — Organizations: Microsoft, Apple, Financial Times, Service, OpenAI, Business

☆ A former OpenAI safety employee said he quit because the company's leaders were 'building the Titanic' and wanted 'newer, shinier' things to sell
▼ + stars: | 2024-07-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA former safety employee at OpenAI said the company is following in the footsteps of White Star Line, the company that built the Titanic. Was the path that OpenAI was on more like the Apollo program or more like the Titanic?" Apollo vs TitanicAs Saunders spent more time at OpenAI, he felt leaders were making decisions more akin to "building the Titanic, prioritizing getting out newer, shinier products." OpenAI did not immediately respond to a request for comment sent outside regular business hours by Business Insider. Meanwhile, OpenAI cofounder and former chief scientist Ilya Sutskever, who led the firm's superalignment division, resigned later that month.

Persons: —, OpenAI, William Saunders, OpenAI's, Alex Kantrowitz's, Saunders, Ilya Sutskever, JACK GUEZ, Kantrowitz, he's, Saunders — Organizations: Service, White Star Line, Business, Artificial, Intelligence, White Star, Apollo, NASA, BI, OpenAI, Getty, Tech, Apple, Google, Superintelligence Inc Locations: OpenAI, Russia, AFP

☆ 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

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