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AI coding tools like GitHub Copilot have transformed software development and productivity. AdvertisementBefore he graduated from university, Jacob Jackson founded the AI coding assistant TabNine in 2018. In the past two years, there has been a boom in AI coding assistants. The spike in ChatGPT usage and AI coding assistants has shifted how software developers do their jobs. AdvertisementAI assistants can empower codersMost generative AI coding assistants focus on auto-completion, meaning that the tool suggests code as the programmer types.
Persons: , Jacob Jackson, TabNine, Jackson, Claude, Nikolas Gauvreau, Dan Boneh, Kevin Baragona, Baragona, Gauvreau, he's, David Malan, Malan Organizations: Software, Service, Microsoft, Accenture, Developers, Stanford University, Harvard University, Activision Blizzard Locations: OpenAI, Canada, Brazil, Germany, India
It will also end the week with another reputation: a new piece in the grand puzzle being solved by Masayoshi Son. Related storiesMasayoshi Son's AI vision is ambitiousOpenAI CEO Sam Altman will form just one part of Masayoshi Son's AI plans. Andrew Caballero-Reynolds/AFP/Getty ImagesTo understand Son's grand AI ambitions, it's worth first zooming out to see how SoftBank currently maps out AI investment opportunities. As of June, Vision Fund 1's gains were $21.7 billion, while Vision Fund 2 losses totaled $22.9 billion. AdvertisementSo it's become clear that Son's focus has fallen on the other part of his AI investment stack.
Persons: , Masayoshi Son, Sam, Sam Altman's, ChatGPT, Sam Altman, Andrew Caballero, Reynolds, SoftBank, it'll, Son's, it's, Son, Michael M, Graphcore, Nigel Toon, OpenAI's Altman, Lionel Barber, Barber Organizations: Service, Bloomberg, Getty, Business, Microsoft, Vision, Vision Fund, Nvidia, Nikkei, Wall Street, Financial Times Locations: Tokyo, AFP
As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases. Overall, Microsoft made $19 billion in capital expenditures in the latest quarter. "It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics. Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October. Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.
Persons: Satya Nadella, Charles Fitzgerald Organizations: Microsoft, Investors Locations: Jakarta, Indonesia, U.S, Pennsylvania
Bill Gates' ideal tax system would leave him worth 62% less, but still a billionaire. The Microsoft cofounder said the rich should pay higher taxes and give the rest to good causes. The Future with Bill Gates." Gates' latest comments suggest he'd like to be about $100 billion less wealthy at around $62 billion. He's previously said he would have paid "tens of billions" more in taxes if he'd designed the US tax system.
Persons: Bill Gates, , Microsoft wouldn't, Gates, Kara Swisher, Sen, Bernie Sanders, Sanders, that's, Melinda Gates, whatever's, He's, he'd Organizations: Microsoft, Service, Netflix, Bloomberg, Melinda Gates Foundation Locations: Korea, America
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
When an interviewer asked Gates directly if he believed he was "too rich," the billionaire avoided giving a "yes" or "no" answer. Gates is personally invested in the issue: His nonprofit Bill & Melinda Gates Foundation has donated billions of dollars to address global problems like poverty and inequity. He's previously stated that the wealthiest people, himself included, should pay much higher tax rates. "I'm for a tax system in which, if you have more money, you pay a higher percentage in taxes. I think the rich should pay more than they currently do," Gates wrote in a 2019 blog post.
Persons: Bill Gates, Gates, Melinda Gates, He's, Kara Swisher, Sen, Bernie Sanders, Sanders Organizations: Microsoft, Forbes, Netflix, Melinda Gates Foundation Locations: New York
Salesforce CEO Marc Benioff compared Microsoft's Copilot to Office's much-maligned "Clippy." Go to newsletter preferences Thanks for signing up! AdvertisementIt's unclear which assistant should be more offended: Microsoft Copilot or Microsoft Office's Clippy. Benioff dismissed Microsoft's Copilot AI features during an interview in the midst of his company's annual Dreamforce conference in San Francisco. "We all know now that Microsoft Copilot is basically the new Microsoft Clippy, that customers have not gotten value from it," Benioff said during an interview with Bloomberg.
Persons: Marc Benioff, Copilot, Benioff, Salesforce, , Microsoft's Organizations: Service, Microsoft, Bloomberg, Business Locations: San Francisco
A unit of Pennsylvania's Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence. Today, energy has become the new coin of the realm for companies investing in artificial intelligence. That's because the data centers tasked with running the complex calculations needed to power artificial intelligence applications require enormous amounts of power. Restarting Unit 1 will mean bringing 800 megawatts back onto the grid, greater than the amount of hydroelectric power supplied by the Hoover Dam. Microsoft's vice president of energy touted the clean-energy benefits of reviving the facility in a statement.
Persons: Bobby Hollis, Satya Nadella Organizations: Microsoft, Constellation Energy, Constellation, BlackRock Locations: Michigan, Iowa, United States
Bill Gates said the wealthy would be about two-thirds poorer if he controlled the tax system. Sen. Bernie Sanders told Gates he would ban billionaires as nobody deserves such wealth and power. Go to newsletter preferences Thanks for signing up! AdvertisementBill Gates says if he set tax rates, the rich would be almost 70% poorer — but unlike Bernie Sanders, he would not outlaw billionaires. He revealed his ideal tax policy in an episode of his new Netflix series "What's Next?
Persons: Bill Gates, wouldn't, Sen, Bernie Sanders, Gates, Organizations: Service, Microsoft, Netflix, Business
Melinda French Gates believes it's "so dumb" to try and maximize productivity by getting only a few hours of sleep. French Gates said, referencing CEOs and tech entrepreneurs who promote, in her eyes, a form of performative sleep deprivation. He's since changed his tune, and now aims for at least six hours of sleep per night, he told CNBC last year. Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates — French Gates' ex-husband — have shared similar stories. Now, he aims for a minimum of seven hours of sleep each night, he said.
Persons: Melinda French Gates, she's, Gates, who've, Indra Nooyi, Donald Trump, Marissa Meyer, Elon Musk, Tesla, I've, Musk, Jeff Bezos, Bill Gates, , Bezos Organizations: PepsiCo, Former U.S, CNBC, Microsoft Locations: Former
That list includes Vertiv , GE Vernova, Trane and Eaton , which Jim Cramer described as "all very clear winners" of the increased spending on the fast-growing technology. GE Vernova, for example, creates power solutions to help data centers operate in a more environmentally friendly and sustainable way. That's because data centers require an immense amount of electricity usage to run properly, and that need is expected to intensify as more facilities are built. "That's almost a pure play on the data center," Cramer said of GE Vernova, describing shares as "one of the great horses of the year." It's a similar story for Trane, Vertiv and Eaton, which all sell products that service data centers.
Persons: Jim Cramer, Cramer, It's, Eaton, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: BlackRock, Microsoft, GE Vernova, GE, General Electric, Charitable Trust, Microsoft Corporation Locations: Trane, Eaton, Vertiv, Bangkok, Thailand
Director James Cameron said AI is making it harder for him to write relevant science fiction. He talked about the impact of AI with Bill Gates in a newly released Netflix series. Go to newsletter preferences Thanks for signing up! For the acclaimed film director James Cameron, AI is complicating his livelihood. "It's getting hard to write science fiction.
Persons: James Cameron, Bill Gates, Cameron, Organizations: Netflix, Service, Microsoft, Business
Phoebe Gates discussed conspiracy theories about Bill Gates in a new Netflix documentary series. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementConspiracy theories about billionaire Bill Gates have run rampant online for years, sometimes spilling from the sphere of the internet into his daily life. Many of the most pervasive of these conspiracy theories have linked him to COVID-19.
Persons: Phoebe Gates, Bill Gates, Phoebe, Organizations: Netflix, Stanford, Service, Business Locations: COVID
Russian disinformation peddlers are producing videos targeting the Harris-Walz campaign with false and disparaging claims, Microsoft said Tuesday. At least three Russian disinformation actors have been working to denigrate the Harris-Walz campaign, Microsoft said. Some of the disinformation comes in the form of two videos that have been disseminated since late August, Microsoft said. NBC News has viewed an upload of that video posted to X, which Microsoft confirmed is the alleged Russian disinformation. The report comes after the U.S. accused the Kremlin of running a multifaceted disinformation campaign to boost former President Donald Trump and disparage Harris.
Persons: Harris, Walz, Russia’s Ministry of Foreign Affairs didn’t, Darren Linvill, ” Linvill, Kamala Harris, Linvill, , Donald Trump, Joe Biden, Trump, Vladimir Putin Organizations: Microsoft, Justice Department, Russia’s Ministry of Foreign Affairs, NBC News, Media, Clemson, Democratic, Russia’s Internet Research Agency, Tenet Media, National Intelligence, Intelligence, Biden, Ukraine, FBI, The Justice Department, Trump Locations: San Francisco, Russia, Ukraine, Iran, U.S, China
Like the overall market, Microsoft has been running higher of late as odds increasingly favor a 50-basis-point Fed cut. With so much hope on Wall Street, if the Fed were to go with a smaller 25-basis-point move, the market could get hit and pressure Microsoft stock. The Club has a $500 per share price target on Microsoft stock. That's our fundamental case, which aligns with technical analysis of Microsoft's one-year stock chart pattern. A laptop computer with Microsoft Copilot+ installed is on display at the Best Buy store on June 18, 2024 in Miami, Florida.
Persons: Amy Hood, we've, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Microsoft, Fed, CNBC, Getty Locations: Miami , Florida
If Bill Gates had to start all over again, he'd join the artificial intelligence arms race with an "AI-centric" startup, he says. "Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," the billionaire Microsoft co-founder tells CNBC Make It. Gates researched the AI industry for his upcoming Netflix docuseries "What's Next? But AI will be transformative enough as it grows for any new tech startup to consider how it can fit into that industry, Gates says. "I was lucky that my belief in software made me unique," says Gates, adding: "Just believing in AI, that's not very unique.
Persons: Bill Gates, he'd, Gates, Allen, that's Organizations: Microsoft, CNBC, Google, Nvidia, Netflix, CNN
Sam Altman is on the charm offensive for AI
  + stars: | 2024-09-13 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +5 min
For the past year, OpenAI CEO Sam Altman has been trying to convince the world that he can be trusted to lead the people to the next frontier of artificial intelligence. In it, she speaks to key figures of the tech industry, including Microsoft cofounder Bill Gates, about the impacts of AI. AdvertisementThroughout the interview, Altman could be seen listening intently to Winfrey's simple but direct line of questioning. One of the points Winfrey pressed Altman on was that of public trust. Winfrey also asked Altman how he feels about being billed "the most powerful and perhaps most dangerous man on the planet."
Persons: Sam Altman, Oprah Winfrey, Altman, Bill Gates, Winfrey, Christopher, Marilynne Robinson, coy, it's, I'm, OpenAI Organizations: Service, Business, ABC, Microsoft, Bloomberg, Apple, Nvidia Locations: ChatGPT
In fact, AI's biggest impact this year may have been simply convincing Taylor Swift to endorse Democratic presidential nominee Kamala Harris. Advertisement"It really conjured up my fears around AI, and the dangers of spreading misinformation," Swift wrote in her post. Related storiesAnd Microsoft, in its most recent Threat Intelligence Report from August, also threw water on the idea that AI has made foreign influence campaigns more effective. And it's not just the US; recent elections around the world haven't been substantially impacted by AI. "Existing examples of AI misuse in elections are scarce, and often amplified through the mainstream media," the paper's authors wrote.
Persons: , hasn't, Taylor Swift, Kamala Harris, Harris, Trump, Taylor, Donald Trump, Swift, Joe Biden robocall, We've, Sam Stockwell, Alan Turing Organizations: Service, Business, Democratic, Microsoft, Australian Strategic Policy Institute Locations: New Hampshire
California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.
Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California
Now, a copy of that letter, also signed by Einstein, has sold at a Christie's auction for $3.9 million. Though Einstein didn't write the letter, his worldwide esteem meant his signature added significance and credibility to the letter. Einstein's influence on the Manhattan ProjectEinstein's letter to Roosevelt sold for nearly $3.9 million at auction. Related storiesFor Szilard and Einstein, the possibility of the Germans creating a nuclear weapon was reason enough to write President Roosevelt. AdvertisementOnce Germany surrendered, however, Szilard and Einstein no longer felt the use of nuclear weapons was justified.
Persons: , Albert Einstein, Franklin Roosevelt, Einstein, Roosevelt, Franklin, Peter Klarnet, Christie's, Einstein didn't, Paul Allen, Allen, Malcolm Forbes, Leo Szilard's, Szilard, Adolf Hitler's, Bertrand Russell, Russell Organizations: Service, Business, Manhattan Project, Microsoft, Guardian, Manhattan, US Army Intelligence, Einstein Locations: New York, Christie's, Germany, Hungarian, Europe, Hiroshima, Nagasaki, Japan
AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than double its last reported valuation. Glean competes with a herd of well-financed generative AI startups and tech giants, attempting to compete with Microsoft Copilot and chatbot Amazon Q. Glean's Series E round, led by Altimeter and DST Global, includes Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, all new investors in the company. Founder and CEO Arvind Jain started Glean in 2019 with other former Google engineers as an enterprise search engine. The company soon transitioned to generative AI.
Persons: Arvind Jain, Glean, Catalyst, Kleiner Perkins, Jain Organizations: CNBC, Glean, Microsoft, DST Global, Craft Ventures, Sapphire Ventures, Latitude, Lightspeed Venture Partners, Sequoia Capital, IDC Locations: Lisbon, Portugal, Palo Alto , California
Microsoft cofounder Bill Gates knows he's the subject of many a conspiracy theory. He recently told CNET about an encounter he had with a woman who thinks he uses microchips to track people. Gates said he responded, "I really don't need to track you in particular." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: Bill Gates, Gates, , Bill Gates — Organizations: CNET, Service, Netflix, Business
NFL team sales are likely to stall as valuations soar
  + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com   time to read: +10 min
Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now
Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, , Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil
Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Wells Fargo also highlighted Microsoft's cybersecurity business. Similar to others in the sector, Microsoft's cybersecurity business can continue to rake in major corporations as clients as the threat of hacks and breaches remains elevated. In 2023, Microsoft CEO Satya Nadella said the company's cybersecurity business had surpassed $20 billion in revenue over a 12-month period. 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, Wells, Jim, Wells Fargo, Bing, Satya Nadella, Wells Fargo's bullishness, Piper Sandler, Jim Cramer's, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: Microsoft, Wall, CNBC, Microsoft Corporation Locations: U.S, Bangkok, Thailand
Delta Air Lines , which said fallout from the outage cost the company $550 million, is seeking damages from CrowdStrike and Microsoft. Software from CrowdStrike Check Point , SentinelOne and others in the endpoint-protection market currently depend on kernel mode. But an application in kernel mode that fails can cause all of Windows to crash. The Microsoft executive said removing kernel access in Windows would only solve a small percentage of potential problems. "We will share further updates on these conversations following the event," Microsoft Corporate Vice President Aidan Marcuss wrote in a blog post.
Persons: CrowdStrike, Aidan Marcuss Organizations: Delta Airlines, Microsoft, Delta Air Lines, CNBC, Windows, Apple, Rust Foundation, Microsoft Corporate Locations: Los Angeles, Airlines, Redmond , Washington, SentinelOne, macOS
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