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☆ Europol sounds alarm about criminal use of ChatGPT, sees grim outlook
▼ + stars: | 2023-03-27 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

[1/2] A smartphone with a displayed ChatGPT logo is placed on a computer motherboard in this illustration taken February 23, 2023. It singled out the harmful use of ChatGPT in three areas of crime. "ChatGPT's ability to draft highly realistic text makes it a useful tool for phishing purposes," Europol said. It said ChatGPT's ability to churn out authentic sounding text at speed and scale also also makes it an ideal tool for propaganda and disinformation. Criminals with little technical knowledge could turn to ChatGPT to produce malicious code, Europol said.

☆ An AI firm created the ChatGPT of investing, and a basket of its favorite stocks outperformed the S&P 500 over the last two years. Here are the 5 stocks it says you should buy to weather further marke
▼ + stars: | 2023-03-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle AI trains large language models like ChatGPT to enhance investing decisions. Now, investors have been drawn to the AI industry like moths to a flame, as they try to gauge which companies will win the battle for AI market dominance. But while ChatGPT may have an early lead in the AI race, Giuseppe Sette, co-founder and president of Toggle AI, isn't worried. An example of the Toggle AI capabilities Sette is currently working on. 5 Toggle-selected stocks to buyWith macroeconomic headwinds continuing to challenge markets in 2023, Sette believes that value stocks are set to outperform, at least for the near future.

☆ Nvidia's 'dominant A.I. leadership' is clear after GTC developer conference, Wall Street analysts say
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

If there's one takeaway from Nvidia 's developer conference, it's the computing firm's dominant leadership in artificial intelligence, according to Wall Street analysts. Investors piled into Nvidia shares this year as they sought ways to play the growing AI trend. NVDA 1Y mountain Nvidia shares 1-year The event only added to their confidence in the stock. to a multi $Tn+ IT/Infrastructure as a service industry TAM from narrower chip-only industry opportunity," Arya wrote to clients on Tuesday. JPMorgan's Harlan Sur reiterated an overweight rating, saying Nvidia's "dominant AI leadership" is clear following the event.

Nvidia also detailed a set of cloud services that make it easier for companies to build bespoke AI models for their respective businesses. The huge gains have prompted a debate on Wall Street about whether Nvidia bulls are overhyping the company's AI opportunity. Nvidia also detailed a set of services, known as Nvidia AI Foundations , which will be available through DGX Cloud. These provide companies with the tools needed to customize AI models. Secondly, Nvidia's software expansion makes its AI leadership directly applicable to more industries because its best-in-class technology will be easier to access.

☆ 'A tough stock not to own.' Wall Street endorses Club name Nvidia, as it dominates AI
▼ + stars: | 2023-03-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Of 15 bank notes surveyed this week, 13 firms have a buy rating or equivalent on Nvidia, citing its AI capabilities. But, longer term, Nvidia's AI applications portend significant upside for the stock in the years to come. Raymond James Reiterated a strong buy rating – one level above buy — and price target of $290 per share. UBS The bank said its buy rating and $270-per-share price target are "under review pending further analysis." That's why the commentary in an analyst note or in a Club story is more relevant than any rating or price target.

☆ Microsoft adds OpenAI technology to Word and Excel
▼ + stars: | 2023-03-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

Photographer: Charles Pertwee/Bloomberg via Getty ImagesMicrosoft is bringing generative artificial intelligence technologies like the popular ChatGPT chatting app to its Microsoft 365 suite of business software. features, dubbed Copilot, will be available in some of the company's most popular business apps like Word, PowerPoint and Excel. The Copilot technology is built upon a type of artificial intelligence software known as a large language model, or LLM. Microsoft executives demonstrated some of the capabilities of its Copilot tool on Thursday during an online presentation. In February, Microsoft debuted a new version of its Bing search engine that included a chatbot powered by OpenAI's GPT-4 language technology.

☆ 4,000 legal professionals at one of the world's largest accounting firms are getting a chatbot to speed up their work
▼ + stars: | 2023-03-15 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Accounting firm PwC is giving 4,000 of its lawyers access to an AI chatbot to help speed up work. The chatbots are being provided by AI startup Harvey which has a 12-month partnership with PwC. PwC said the chatbots will be used to help in areas like due diligence and contract analysis. The firm said AI won't be used to provide clients with legal advice, nor will it replace or substitute lawyers and professional legal services. PwC also plans to use Harvey to develop and train its own proprietary models to make products for the firm's use and for its Legal Business Solutions clients.

Powering AI Dungeon's text-generation software was the GPT language technology offered by the Microsoft -backed AI research lab OpenAI. The high cost of training and "inference" — actually running — large language models is a structural cost that differs from previous computing booms. Many entrepreneurs see risks in relying on potentially subsidized AI models that they don't control and merely pay for on a per-use basis. Companies making the foundation models, semiconductor makers, and startups all see business opportunities in reducing the price of running AI software. "Latitude is going to continue to evaluate all AI models to be sure we have the best game out there."

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Target, Goldman Sachs, Meta, FedEx & more
▼ + stars: | 2023-03-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Bank of America reiterates Goldman Sachs as buy Bank of America said the investment bank is "best-in-class." Bank of America reiterates Taiwan Semiconductor as buy Bank of America said the semiconductor company has "strong AI potential." Evercore ISI reiterates Meta as a top pick Evercore named Meta a top pick, noting it still likes the company's business model. " Evercore ISI reiterates Meta as a top pickEvercore named Meta a top pick, noting it still likes the company's business model. Oppenheimer reiterates Meta as outperformOppenheimer said it's standing by its outperform rating on Meta.

☆ Bank of America says Taiwan Semiconductor can ride the generative A.I. boom, jump more than 25%
▼ + stars: | 2023-03-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Taiwan Semiconductor Manufacturing has further upside on the generative AI boom, according to Bank of America. "Taiwan Semiconductor Manufacturing Co. (TSMC) is a key beneficiary and among our 20 global AI stock picks owing to the rising and widening applications of large language models (LLMs) and generative AI, led by ChatGPT," Lin wrote. "We think the generative AI should act as one of the greatest drivers, thanks to the substantial computational requirements for running and training the AI models." The analyst said that Taiwan Semiconductor will ride the "structural uptrend" in generative AI opportunities, which will drive demand for several semiconductors. Taiwan Semiconductor shares are up 21.9% this year after falling 82% last year.

☆ Bank of America shares 4 reasons why AI is having its 'iPhone moment' and could have a $15.7 trillion impact on the global economy by 2030 — while enriching investors in these 13 industries along the
▼ + stars: | 2023-03-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Artificial intelligence (AI) may be having its "iPhone moment," according to Bank of America. In fact, the firm has cited an estimate from PwC that AI's economic impact could be $15.7 trillion by 2030. "This could be the 'iPhone moment' for AI." And like smartphones existed prior to the iPhone, AI predates ChatGPT by many years. At that rate, AI could be a million times more powerful than ChatGPT is now in the next 10 years, Israel wrote.

☆ Nvidia CEO Jensen Huang's bet big on A.I. is paying off as his core technology powers ChatGPT
▼ + stars: | 2023-03-07 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

As the engine behind large language models (LLMs) like ChatGPT, Nvidia is finally reaping rewards for its early investment in AI. Nvidia counts on China for about one-quarter of its revenue, including sales of its popular AI chip, the A100. Nvidia Founder and CEO Jensen Huang shows CNBC's Katie Tarasov a Hopper H100 SXM module in Santa Clara, CA, on February 9, 2023. Nvidia founders Curtis Priem, Jensen Huang and Chris Malachowsky pose at the company's Santa Clara, California, headquarters in 2020. "We invented this new way of doing computer graphics, ray tracing, basically simulating the pathways of light and simulate everything with generative AI.

☆ Top Wall Street analysts pick these stocks for attractive returns
▼ + stars: | 2023-03-05 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In these tough times, investors would be well advised to find stocks that are positioned to navigate a potential economic downturn. To help with the process, here are five stocks chosen by Wall Street's top professionals, according to TipRanks, a platform that ranks analysts based on their past performance. However, the company issued conservative guidance for fiscal 2023 due to the impact of high inflation on its low-to-moderate income customers. Further, he thinks that Kontoor's fiscal 2023 outlook "will likely prove conservative." Poser raised his fiscal 2023 and 2024 earnings per share estimates, reiterated his buy rating for Kontoor Brands and increased the price target to $60 from $53.

☆ Google execs tell employees in testy all-hands meeting that Bard A.I. isn't just about search
▼ + stars: | 2023-03-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +10 min

In the lead up to the Bard announcement, Google executives repeatedly said the technology it was developing internally would integrate with search. “We’re working to bring these latest AI advancements into our products, starting with Search,” the company said in a blog post. That same week, at an event in Paris, Google search boss Prabhakar Raghavan unveiled some fresh examples of using Bard within search. "You see the stories of ChatGPT coincides with an event that we’re having that was actually focused on search," Krawczyk said. Specifically, the question asked why Google lost so many key people who were listed on a paper about much of the AI technology behind Bard.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Alphabet, Kroger, Meta, Silvergate, UPS & more
▼ + stars: | 2023-03-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as a top pick Morgan Stanley said it sees a "catalyst rich event path" for the tech giant. Morgan Stanley names Alphabet, Amazon and Meta top AI picks Morgan Stanley named Alphabet, Amazon and Alphabet as top picks and said AI is at an inflection point. Barclays reiterates Alphabet as overweight Barclays said it's standing by its overweight rating on the stock but sees it range-bound for the foreseeable future. Morgan Stanley reiterates Eaton as a top pick Morgan Stanley said it sees several cyclical growth drivers for the multination power management company. Morgan Stanley names Eli Lilly as a catalyst driven idea Morgan Stanley named Eli Lilly as a catalyst driven idea, saying that the stock "levered" to a likely positive outcome from upcoming obesity drug trials.

☆ Mark Zuckerberg just announced a new AI model 'LLaMA,' designed to help researchers make chatbots less 'toxic'
▼ + stars: | 2023-02-24 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Meta said its new model can help researchers improve and fix AI tools that promote "misinformation." Microsoft and Google have adopted AI technology to boost their search engines, to mixed early reception. The company's AI model, which stands for "Large Language Model Meta AI," is geared toward researchers, its CEO Mark Zuckerberg said in a Facebook post on Friday. "Meta is committed to this open model of research and we'll make our new model available to the AI research community," he wrote. For its part, Google is still testing its own Bard AI bot in order to open it up to users.

☆ Mark Zuckerberg announces Meta's new large language model as A.I. race heats up
▼ + stars: | 2023-02-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Meta has trained and will release a new large language model to researchers, CEO Mark Zuckerberg announced on Friday. Large language models underpin applications such as OpenAI's ChatGPT, Microsoft Bing AI, and Google 's unreleased Bard. "LLMs have shown a lot of promise in generating text, having conversations, summarizing written material, and more complicated tasks like solving math theorems or predicting protein structures," Zuckerberg wrote on Friday. Jerry: "George, if you had one of these, would you wear it?" "Meta is committed to this open model of research and we'll make our new model available to the AI research community," Zuckerberg wrote.

☆ These companies stand to benefit from the A.I. 'tidal wave' overtaking Wall Street, Baird says
▼ + stars: | 2023-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Since the launch of ChatGPT last year, analysts and tech enthusiasts can't seem to stop talking about artificial intelligence. But the Xbox maker is far from the only company poised to benefit from the AI "tidal wave" overtaking the investing community, according to Baird. The firm highlighted 50 artificial intelligence and machine learning stocks across sectors positioned to capitalize on AI mania in a Tuesday note to clients. For years, both companies have employed artificial intelligence and machine learning to enhance their products. Software stocks Adobe and Salesforce also made the cut along with payrolls services company ADP .

☆ Microsoft's Bing A.I. is producing creepy conversations with users
▼ + stars: | 2023-02-16 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Yusuf Mehdi, Microsoft Corporate Vice President of Modern Life, Search, and Devices speaks during an event introducing a new AI-powered Microsoft Bing and Edge at Microsoft in Redmond, Washington on February 7, 2023. Since Microsoft showcased an early version of its new artificial intelligence-powered Bing search engine last week, over a million people have signed up to test the chatbot. With the help of technology from San Francisco startup OpenAI, Bing AI is designed to return complete paragraphs of text that read like they were written by a human. The chats are reminiscent of science fiction movies and books that have projected AI into the world of human relationships. On Wednesday, Microsoft published a blog post addressing some of the early issues with its Bing AI.

☆ ChatGPT is for suckers
▼ + stars: | 2023-02-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

Chatbots are bullshit engines built to say things with incontrovertible certainty and a complete lack of expertise. What is it that makes human beings trust a machine we know is untrustworthy? After millennia of debate, the world's leading philosophers, psychologists, and neuroscientists haven't even agreed on a mechanism for why people come to believe things, or what beliefs even are. We want Google results to be true, because we think of Google as a trusted arbiter, if not an authority. The power of storyAnother possible explanation of why we're suckers for chatbots is that we're suckers for explanation.

☆ Only 9% of Americans think AI development will do more good than harm
▼ + stars: | 2023-02-15 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

46% of respondents think that AI development will do about the same amount of good and harm, and 41% of people in the sample believe that the technology will ultimately do harm to society overall. Large language models are increasingly being used in generative AI tools, like ChatGPT or Google's unreleased Bard, which can spit out blocks of text. But there have been issues with large language models, which can simply make information up, a phenomenon known as "hallucinating." Both Google and Microsoft's recent AI launches showed their software making factual errors. Some artificial intelligence algorithms can be used for facial recognition, for example, to identify people who attend sporting events.

☆ OpenAI hired Google employees to do 'instrumental' work on ChatGPT before its launch, report says
▼ + stars: | 2023-02-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

OpenAI has hired more than 12 of Google's AI employees, The Information reported, citing sources. In recent months, the startup behind the viral chatbot ChatGPT and image generator DALL-E has hired more than a dozen former Google workers, The Information reported, citing sources. At least five former Google researchers were instrumental in getting the company's viral chatbot ChatGPT ready to launch in November, a person with knowledge of the matter told the publication. Two former employees at Google Brain, Alphabet's AI division, told The Information that some staff felt the culture had become lethargic. Google and OpenAI did not immediately respond to Insider's request for comment made outside normal working hours.

☆ Shopify just made its move into generative AI and said it's the first of many new features it plans to roll out this year
▼ + stars: | 2023-02-09 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

Shopify is making its first step into generative AI with the launch of Shopify Magic. Shopify Magic uses AI to automatically write product descriptions. Shopify is stepping into generative artificial intelligence with the launch of Shopify Magic, a tool that generates product descriptions using large language models. The rapid rise of AI chatbot ChatGPT, which, like Shopify Magic, relies on LLMs, has fueled investment in other generative AI startups. Shopify Magic is the Canadian e-commerce company's first foray into generative AI, but it has indicated that more features are on the way.

☆ ChatGPT is too limited and way too expensive to even come close to replacing Google search
▼ + stars: | 2022-12-16 | by ( Tom Dotan | ) www.businessinsider.com time to read: +7 min

A Google search executive who spoke to Insider on background said he definitely wasn't worried about the threat from ChatGPT. "What's unnerving is it looks as good and confident when it's wrong and when it's right," said Daniel Tunkelang, a search consultant and former employee on Google's search team. Google search is, of course, not immune to misinformation, and regularly surfaces links to pages that contain inaccuracies. But unlike Google search, which links to sources for information when it answers a question, an LLM runs into major problems there. Even in that situation, Google's search results would be well positioned.

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