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OpenAI's ChatGPT can now "see, hear and speak" — or, at least, understand spoken words, respond with a synthetic voice and process images, the company announced Monday. Users will also be able to share images with ChatGPT and highlight areas of focus or analysis (think: "What kinds of clouds are these?"). The big feature push comes alongside ever-rising stakes of the AI arms race among chatbot leaders such as OpenAI, Microsoft , Google and Anthropic. Experts have raised concerns about AI-generated synthetic voices, which in this case could allow users a more natural experience but also enable more convincing deepfakes. OpenAI acknowledged those concerns in its Monday announcement, saying that synthetic voices were "created with voice actors we have directly worked with," rather than collected from strangers.
Persons: OpenAI's, OpenAI, Bard chatbot, Bing, Andreessen Horowitz Organizations: Microsoft, Google, Sequoia Capital
But Motil's self-described success was an elaborate façade, according to regulatory filings and Ohio bankruptcy proceedings. In a 29-page complaint, the SEC laid out how Motil issued "promissory notes" fully collateralized by property across Ohio to dozens of investors. "Nearly everything about his scheme was a lie," the financial regulator's complaint read. In one instance, according to the SEC, Motil managed to get more than $1 million from 20 different investors for just one single-family home valued at no more than $130,000. Motil and his wife, Amy, profited handsomely from the scheme, the SEC alleged.
Persons: Matt Motil, Motil, Amy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, SEC, CNBC, U.S, Trustee, Federal Trade Commission Locations: Washington ,, An Ohio, Ohio
Respiratory illness season is coming up, and that’s going to be a huge issue,” said David Margraf, a pharmaceutical research scientist with the University of Minnesota’s Resilient Drug Supply Project. During a drug shortage, allocation helps ensure that no single buyer can claim all the available supply. Khazanchi and his colleague Dr. Ryan Brewster recently studied the clinical effects of last winter’s amoxicillin shortage. “Drug shortages will likely continue to increase if the pricing dynamics in the marketplace are not addressed,” Sandoz said in a statement. “The companies refuse to tell us what’s going on,” said Erin Fox, who tracks drug shortages at the University of Utah.
Persons: , earaches, , David Margraf, Selena Ko, Erin Hooley, pediatricians, Rohan Khazanchi, Khazanchi, Ryan Brewster, Amoxicillin, ” Khazanchi, “ It’s, ” Sandoz, Erin Fox, Laura Bray, They’re, ” Margraf, ” Bray, Dr, Sanjay Gupta, , Matt Christian Organizations: CNN, Food, University of, Project, Rush University Medical Center, Chicago Tribune, TNS, Getty, FDA, Brigham & Women’s Hospital, Teva Pharmaceuticals, Novartis, University of Utah, Angels, CNN Health, US Department of Agriculture, Pharmacopeia’s Medicines Locations: Chicago, Boston
(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.
Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate
Hong Kong CNN —Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor. Philip Lowe, former governor of the Reserve Bank of Australia, speaking in Canberra in August. “Raising interest rates is never popular, but I think given the circumstances, the Reserve Bank had to do something,” noted Oliver. Within the bank, Lowe also faced questions about the culture he’d fostered since taking over in 2016. Should prices fall more slowly than expected, the central bank would face similar pressure to raise rates, Oliver predicted.
Persons: Hong Kong CNN —, Michele Bullock, Bullock, Philip Lowe, Shane Oliver, , would’ve, wasn’t, Lowe, Oliver, Rohan Thomson, RBA, Nick McKim, ” McKim, “ It’s, ” Oliver, disempowered, ” Bullock, ” Lowe, — Hilary Whiteman Organizations: Hong Kong CNN, Reserve Bank of Australia, AMP, CNN, Bloomberg, Getty, Reserve Bank Locations: Hong Kong, Australian, Canberra, Ukraine, Australia, United States, Europe
Like, wait, did he not travel to Atlanta?” added Trivedi, referring to Atlanta United’s Major League Soccer (MLS) game against Inter Miami on Saturday. “I feel bad,” Galdamez told CNN. Seeing him would have made the money worth it, because he’s like a God!” Rohan Jhanjee told CNN. “We’re thankful for the fact that he’s here in the US,” Lacey Hunt told CNN. They must also hope that his absence from a crucial league game wasn’t too costly.
Persons: Lionel Messi’s, Rishi Trivedi, , Trivedi, , he’s, Jenil Patel, Gonzalo Pineda, ” Lionel Messi, Megan Briggs, Messi, Mercedes, they’d, Angel Galdamez, ” Galdamez, Irma Lopez, Hector Vivas, It’s, it’s, he’d, we’d, Rohan Jhanjee, Leonardo DiCaprio, Prince Harry, Selena Gomez, “ We’re, ” Lacey Hunt, Brad Penner, he’ll, Miami’s Organizations: CNN, CNN Sport, Atlanta United’s Major League Soccer, Inter Miami, Inter, Atlanta, Inter Miami CF, Florida Blue Training, Getty, MLS, Atlanta United, United, Miami, Leagues Cup, Sporting Kansas City, Leagues, Orlando City SC, Messi, New York Red Bulls, Red Bull Arena, USA, Network, Reuters, Houston, Eastern Conference Locations: Argentine, Miami, Atlanta, Fort Lauderdale , Florida, United States, Argentina, North America
FBI Director Christopher Wray testifies during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill May 10, 2023 in Washington, DC. WASHINGTON, D.C. – FBI Director Christopher Wray said Monday that the federal government is relying more than ever on private sector support to ensure that U.S. infrastructure remains secure. Wray said that artificial intelligence may help China's cyber intelligence operations in their efforts to overpower U.S. defenses, and reiterated that Chinese hackers outnumber the FBI's cyber and intelligence agents by at least 50 to 1. China is poised to "use the fruits of their widespread hacking to power, with AI, even-more-powerful hacking efforts," he added. North Korean hacking groups, for example, often seek to generate revenue for the government while gathering espionage for the state.
Persons: Christopher Wray, Wray, it's, Colonial's Organizations: Commerce, Justice, Science, Capitol, WASHINGTON , D.C, Mandiant's mWise Conference, Google, FBI, Cybersecurity Infrastructure Agency, Colonial Pipeline Locations: Washington , DC, WASHINGTON ,, Washington, China, Korean, Ukraine, Eastern Europe, U.S, East
Jenny Town is a leading expert on North Korea at the Stimson Institute and the director of Stimson's 38 North Program. She uses publicly available data points to paint a picture of North Korean dynamics. But her colleague didn't believe her, Town said, and decided to ask the doppelganger if he was a North Korean spy. The North Korean doppelganger, in the meantime, had decided to break off contact and in a bizarre turn of events, apologized for any confusion and blamed it on "Nk hackers." "I love it," joked Mandiant North Korea analyst Michael Barnhart.
Persons: Kim Jong Un, Jenny Town, They're, didn't, Michael Barnhart Organizations: Sputnik, Russian, Vostochny, WASHINGTON, WASHINGTON , D.C, , Stimson Institute, APT43, Google, D.C, U.S, Nk Locations: Amur, WASHINGTON ,, North Korea, Mandiant, Koreans, Korean, Korea, North Korean
Fidji Simo, CEO of Instacart Inc., speaks during an interview in San Francisco, March 3, 2022. Grocery delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday, aiming for a valuation of up to $10 billion. Instacart plans to offer 22 million total shares when it debuts on the Nasdaq, including from current shareholders, and could raise up to $660 million. Despite upping its price range — the day after a successful Arm Holdings debut — Instacart's valuation has plunged significantly since 2021, when it raised $265 million at a $39 billion valuation. Beyond Arm Holdings and Instacart, marketing automation firm Klaviyo and biotechnology firm Neumora are set to list soon.
Persons: Fidji Simo Organizations: Instacart Inc, Nasdaq, PepsiCo, Arm Holdings Locations: San Francisco
The cybercrime group has made a ransom demand to MGM as well, those sources told CNBC's Contessa Brewer. The 8-K report, similar to one filed by MGM Resorts on Wednesday, acknowledges the hack as a material event. The cybercrime group demanded a $30 million ransom from Caesars, but the company ultimately agreed to pay about half that, sources said. Bloomberg previously reported the ransom and that the same group is behind the attacks on both companies. It wasn't immediately clear why Caesars delayed filing the report disclosing the hack and ransom for weeks.
Persons: CNBC's Contessa Brewer, Charles Carmakal Organizations: Caesars, CNBC, MGM, U.S . Securities, Exchange, MGM Resorts, Google, Bloomberg, vx, Twitter, Security, SEC Locations: United States, Twilio
SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photo at the Nasdaq MarketSite on September 14, 2023 in New York City. Shares of chip design company Arm Holdings started trading on the Nasdaq Thursday morning in a long-anticipated IPO at a share price of $56.10, valuing the company at $59.9 billion. Arm Holdings sold around 95.5 million shares on the Nasdaq. Softbank, which took the company private in 2016, will control around 90% of Arm's shares outstanding. At a $54 billion valuation, Arm's price-to-earnings multiple would be about 104 based on the most recent fiscal year profit.
Persons: Yoshimitsu Goto, Rene Haas, Arm, Masayoshi Son Organizations: Arm, Nasdaq, Arm Holdings, Apple, Google, Samsung, CNBC Locations: New York City, British
You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son live on CNBC Pro. But SoftBank CEO Masayoshi Son, who made a fortune through Chinese juggernaut Alibaba , said SoftBank had reduced its "exposure in China" by a significant amount. Neither Arm nor SoftBank, which acquired Arm for $32 billion in 2016, directly control their China subsidiaries. Arm now only directly owns around 5% of Arm China, but the group still accounts for nearly a quarter of Arm's fiscal 2023 revenue, according to pre-offering filings. Son was focused on SoftBank's stake in Alibaba, which SoftBank has been reducing steadily over the last few years.
Persons: David Faber's, Rene Haas, Masayoshi, Masayoshi Son, Alibaba, SoftBank, Biden, Son, CNBC's David Faber, ByteDance Organizations: CNBC Pro, Arm, CNBC, Nasdaq, Intel, Nvidia, Vision, U.S Locations: China, Alibaba, SoftBank
MGM continued to describe the situation as a "cybersecurity issue" in its SEC filing. The company has not yet brought its corporate email, restaurant reservation and hotel booking systems back online. Credit agency Moody's warned on Wednesday that the cyber incident highlighted "key risks" within MGM and could negatively affect the company's credit rating. In 2020, MGM acknowledged that it had lost the personal information of more than 10 million customers in a hack. Other than a brief update Tuesday confirming that the company had brought its gaming floors back online, MGM has provided little further information.
Persons: Moody's Organizations: MGM Resorts, U.S . Securities, Exchange Commission, MGM, SEC, Ticketmaster, FBI, CNBC
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Tesla CEO Elon Musk called for a federal department of artificial intelligence in a conversation with reporters following a Capitol Hill summit that featured high-profile tech leaders, activists and researchers. "I think this meeting could go down in history as important to the future of civilization," Musk told reporters after the summit. Musk thought it's likely the federal AI department could operate similarly to the Federal Aviation Administration or the U.S. Securities and Exchange Commission, adding that those in the space had to be "proactive while reactive." There has been little news from within the company, but Musk has made repeated public statements that AI development must have strong guardrails.
Persons: Elon Musk, Musk, Tesla, Sam Altman, Sundar Pichai, it's Organizations: U.S, Senate, Intelligence, Capitol, Washington , D.C, Google, Federal Aviation Administration, U.S . Securities, Exchange Commission Locations: Washington ,
China has not instituted any laws or regulations prohibiting government employees from using or buying foreign phones, the Chinese Foreign Ministry said Wednesday, addressing media reports that said government staffers had been banned from using Apple iPhones. "China has not issued any laws, regulations or policy documents prohibiting the purchase and use of mobile phones from foreign brands such as Apple," a Ministry of Foreign Affairs spokesperson said at a regularly scheduled briefing Wednesday in Beijing. The Foreign Ministry specifically denied the existence of any official policy barring foreign phone use but did not address the informal guidance reported by the Journal. Apple shares were down less than 1% in early trading Wednesday, a day after the company announced the new iPhone 15. The response from the Foreign Ministry spokesperson also noted unspecified "security incidents" linked to iPhones.
Persons: , Eunice Yoon Organizations: Chinese Foreign Ministry, Apple, Ministry of Foreign Affairs, Street Journal, Bloomberg, The, Foreign Ministry, Journal Locations: China, Beijing
People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Reservation systems, booking systems, hotel electronic key card systems, and the casino floors were all apparently impacted by the outage. MGM operates thousands of hotel rooms across Las Vegas and the United States. Revenue from their hotel rooms in Las Vegas outstrips the revenue directly attributed to their casino operations, according to SEC filings. The company reported Las Vegas rooms revenue of $706.7 million for the quarter ended June 30, compared to casino revenue of $492.2 million for the same period.
Organizations: MGM Resorts, Bellagio, MGM, Revenue, SEC, FBI, Department of Homeland Security Locations: Las Vegas , Nevada, Las Vegas, United States, Vegas
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple is holding its annual iPhone launch event Tuesday at Apple Park, its headquarters in Cupertino, California. The company is expected to announce new iPhone models, as well as new Apple Watches and AirPods, according to reports from Bloomberg News, Wall Street analysts and TF International Securities hardware analyst Ming-Chi Kuo. Last year, the launch event duration was about an hour and a half. We'll post live updates below, and you can also watch the Apple event YouTube live stream right here.
Persons: Tim Cook, Ming, Chi Kuo, Here's what's Organizations: Apple, Apple's Worldwide, Bloomberg News, Wall Street, TF International Securities, CNBC Locations: Cupertino , California
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. In a post on X, formerly known as Twitter, Petersen wrote that the company "can't just give out cash." In reclaiming the top position at Flexport, Petersen is displacing his handpicked successor, former Amazon executive Dave Clark, a little more than a year into his tenure. It's messed up," Petersen wrote. "We were on it," Petersen wrote in response to a post.
Persons: Ryan Petersen, Petersen, Dave Clark, It's, that's, Andreessen Horowitz, Peter Thiel's, Clark, Teresa Carlson, Clark's, Carlson, Flexport didn't Organizations: Milken Institute Global Conference, Twitter, Amazon, Fund, Microsoft, Flexport Locations: Beverly Hills , California, U.S, Flexport, Bay, CNBC's, Seattle, Dallas, San Francisco , Los Angeles, New York
"I've got to thank my partner," Ram said during the trophy ceremony, where they collected a winner's check for $700,000. We're going to compete hard, fight hard and do our best until the very end. Sixth-seeded Bopanna and Ebden dominated the first set, breaking serve in the opening game and capturing it with a love hold. The last pair to win three straight U.S. Open men's doubles titles were Tom Bundy and Maurice McLoughlin from 1912-1914. Reporting by Rory Carroll in San Francisco; Editing by Toby Davis and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Salisbury, Rajeev Ram, Australia's Matthew Ebden, India's Rohan Bopanna, Mike Segar, Britain's Joe Salisbury, Matthew Ebden, Ebden's, I've, Ram, Salisbury, We're, Bopanna, Arthur Ashe, Tom Bundy, Maurice McLoughlin, Rory Carroll, Toby Davis, Ken Ferris Organizations: Tennis, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, San Francisco
Chinese state-aligned influence and disinformation campaigns are impersonating U.S. voters and targeting political candidates on multiple social media platforms with improved sophistication, Microsoft said in a threat analysis report Thursday. Chinese influence campaigns have historically struggled to gain traction with intended targets, who in this case are U.S. voters and residents. Policymakers and industry experts have expressed concern about foreign influence campaigns on social media platforms, especially on X, formerly known as Twitter. Microsoft found content from Chinese influence campaigns on multiple apps, including Meta's Facebook and Instagram, Microsoft-owned LinkedIn, and X. In August, Facebook parent Meta announced it had disrupted the largest ever identified disinformation campaign and linked it to China state-affiliated actors.
Persons: Elon Musk, Microsoft's Organizations: U.S, Microsoft, Communist Party, Twitter, Democratic House, Facebook, Meta, CCP, Embassy, Washington , D.C, Justice Department, China's Ministry of Public Security Locations: East Asia, China, U.S, Washington ,
Flexport CEO Dave Clark is resigning from the supply chain software startup and handing the reins over to founder and executive chair Ryan Petersen after one year in the role — and after just six months of helming the company solo. As such, I will be resigning from my position at Flexport." Clark and Petersen had been co-CEOs of Flexport beginning last September, and Clark took over as the company's sole CEO in March. Flexport announced last June that Petersen would step down in March 2023 as CEO and turn the position over to Clark, while transitioning into the role of executive chair. In July, Flexport said Petersen would join Founders Fund, the venture capital fund founded by billionaire Peter Thiel.
Persons: Dave Clark, Ryan Petersen, Ryan, Clark, Petersen, Flexport, Peter Thiel ., — CNBC's Riley de León Organizations: CNBC, Wall Street, Amazon, Founders Fund, Peter Thiel . Representatives, Fund Locations: Flexport, Texas, Clark
Apple is testing the use of 3D printers to make the stainless steel chassis for its soon-to-be-released smartwatches, Bloomberg reported, citing people familiar with the matter. Right now, Apple Watch chassis are made by cutting slabs of metal into the right shape. The 3D printing methodology would reduce both the time needed to make the devices and the amount of material being used, Bloomberg reported. By 2021, the company reported that 59% of all aluminum used in products came from recycled sources, with "many products" using 100% recycled aluminum in their enclosures. WATCH: Why one analyst compares the new Apple Vision Pro to the Apple Watch
Persons: Apple Organizations: Apple, Bloomberg, Apple Watch Ultra, Apple Vision
Europe's weaker economy limits fallout of US bond rout
  + stars: | 2023-08-30 | by ( Yoruk Bahceli | ) www.reuters.com   time to read: +5 min
Last week, U.S. 10-year Treasury yields touched their highest relative to Germany's since December. For rate-sensitive short-dated German bond yields yields are even down 17 bps in August as weak data has raised expectations of a European Central Bank rate hike pause in September. SPILLOVERBofA, Goldman Sachs and Barclays expect Treasury yields to end the year slightly below current levels. Barclays's Khanna estimates German bond yields would have been 50-60 bps lower had they only been driven by domestic factors. The spillover from higher Treasury yields is more challenging elsewhere.
Persons: Dado Ruvic, Mauro Valle, Valle, Salman Ahmed, Rohan Khanna, Fitch, Mondher, SPILLOVER BofA, Goldman Sachs, Jackson, Barclays's Khanna, Frederik Ducrozet, Ataru Okumura, Yoruk, Chiara Elisei, Junko Fujita, Kevin Buckland, Dhara Ranasinghe, Tomasz Janowski Organizations: REUTERS, Generali Investment Partners, European Central Bank, Fidelity International, U.S, Fitch, AAA, Vontel Asset Management, Barclays, Treasury, Federal Reserve, ECB, Pictet Wealth Management, of Japan, Nikko Securities, Yoruk Bahceli, Thomson Locations: U.S, United States, Europe, Germany, Britain, Germany's, It's, Italy, France, Japan, Amsterdam, London, Tokyo
Facebook and Instagram parent company Meta on Tuesday said it had disrupted a disinformation campaign linked to Chinese law enforcement that the social media company described as the "largest known cross-platform covert influence operation in the world." Meta began looking for signs of a Chinese influence operation on its own platforms after reports in 2022 highlighted how a disinformation campaign linked to the Chinese government targeted a human rights nongovernmental organization. Meta researchers were able to link this latest disinformation network to a prior influence campaign in 2019, code named Spamouflage. Meta also identified and disrupted other operations and published a more detailed analysis of a Russian disinformation campaign it identified shortly after the beginning of the 2022 war in Ukraine. But this disinformation network, while prolific, was not effective, Meta cybersecurity executives said on a briefing call.
Persons: Meta, Ben Nimmo, CNBC's Eamon Javers Organizations: Meta, Facebook Locations: China, Xinjiang, Ukraine, Cambridge, Bangladesh, Brazil, Vietnam
"There is an understanding with Tesla's proposal and government is showing interest," said the official, who is familiar with the issue. Indonesia, for example, has offered to reduce import duties from 50% to zero for EV makers planning investments, a move seen aimed at attracting Chinese players and Tesla. Tesla first tried to enter India in 2021 by pushing officials to lower the 100% import tax for EVs. One of the sources said Tesla told Indian officials a potential India factory could operate at full capacity by 2030. Outside the United States, Tesla currently has a plant in Shanghai - its largest factory worldwide - and one outside Berlin.
Persons: Narendra Modi, Elon Musk, Tesla, Tesla's, Nirmala Sitharaman, Rohan Patel, Aditi Shah, Aditya Kalra, Shivangi Acharya, Kevin Krolicki, Raju Gopalakrishnan, Sharon Singleton Organizations: India's, India's Press, REUTERS, India EV, NEW DELHI, Indian, Tata Motors, Reuters, Mahindra, Tata, EV, EVs, Thomson Locations: New York City , New York, U.S, India, Tesla, New Delhi, Indonesia, United States, Shanghai, Berlin, Mexico
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