DIRS.INFO The most relevant business & tech news

☆ Apple iPhones aren't coming with AI software. Here's why it doesn't matter.
▼ + stars: | 2024-09-21 | by ( Lloyd Lee | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Apple Intelligence, the AI feature analysts believe will spark a consumer rush to update their iPhones, Business Insider previously reported, was not installed in the new iPhones straight out of the box. AdvertisementDespite the lines, the data shows that preorder sales took a hit this year — possibly due to the absence of Apple Intelligence. The average global shipping time for the iPhone 16 was 7 days compared to 9 days for the iPhone 15. Shipping times for the 16 Pro Max were 11 days compared to 19 days for the 15 Pro Max. The level of draw Apple Intelligence will have on customers is also in question.

Persons: —, Siri, Ron Witt, Witt, It's, Saul Campos, Campos, Tim Cook, it's, Mark Gurman, Chi Kuo, Kuo, Max, Gil Luria, Davidson, Techradar, Apple Organizations: Service, Apple, Apple Intelligence, Business, Apple's, CNBC, Reuters, Shipping, D.A, Consumer Intelligence Research Partners Locations: San Francisco, New York, Manhattan

☆ How Elon Musk and X got into a messy situation in one of its biggest markets
▼ + stars: | 2024-09-21 | by ( Ana Altchek | Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk hasn't shied away from fights since he bought Twitter and renamed it X in 2022. However, the disagreement over moderation on X has blown up, leading to threats of arresting X employees and restrictions on other companies owned by Musk. X was then banned from Brazil on August 31 after failing to follow orders to name a legal representative for X. AdvertisementBrazil's Supreme Court fines X for resurfacing amid banBrazil fined X after some of its users were able to access the site on Wednesday, September 18, despite the ban issued in August, according to the BBC.

Persons: —, Elon, it's, Alexandre de Moraes, De Moraes, Jair, Musk, de Moraes, X, ines, ince, ake l, ove Organizations: Service, Twitter, Brazilian Supreme, Business, Musk Locations: Australia, Nigeria, Turkey, India, Brazil, Here's, lon, usk

☆ The company behind Sam Altman's iris-scanning ID startup just revealed new tech. Its privacy chief explains how it works.
▼ + stars: | 2024-09-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

The technology is similar to Apple's Face ID but mobile platform-agnostic, given that many Worldcoin users have Android devices. So I can take a photo of your face, and, through complicated AI, I could fool Face ID, for example. If it is the first time, the orb takes the iris code and cryptographically processes the iris code. Individually, neither of those new codes looks anything like the iris code, nor can they be brought back to the iris code on their own. The one person that can access that information is the owner of the world ID — the user.

Persons: Sam Altman's, Worldcoin, It's, Damien Kieran, Elon Musk, Kieran, they're, it's, Alex, Sam Altman Organizations: Service, Business, Companies, Humanity, Twitter, Google Locations: Germany, France, Kenya

☆ The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
▼ + stars: | 2024-09-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Read previewBipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or fund ambitious projects. And former President Donald Trump recently called for a similar state-owned investment fund to finance "great national endeavors" during a campaign stop at the Economic Club of New York. AdvertisementAlaska's fund offers benefits that mimic a universal basic income — a no-strings-attached, recurring payment distributed to people regardless of socioeconomic status. Federal lawmakers likely see a sovereign wealth fund serving a different purpose, like supporting industries or financing supply chain initiatives. Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.

Persons: —, Joe Biden's, Donald Trump, Sarah Cowan, Winston Ma, Hunt, Ma Organizations: Service, White, Economic, of New, Business, Alaska Permanent Fund, NYU, Unicorns, Fund Locations: United States, of New York, American, Alaska

☆ Hybrid work boosts satisfaction and productivity and is here to stay, PwC says
▼ + stars: | 2024-09-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Read previewPwC says workers won't return to the office five days a week — and it's time for companies to see hybrid work as the new normal. "Hybrid workers have higher degrees of satisfaction and productivity than fully on-site," Anthony Abbatiello, workforce transformation leader and partner at PwC, told Business Insider. PwC's research found that hybrid workers are likelier to feel they belong at their company than fully on-site or remote workers. We came out with five signals that the research identified that are crucial for workforce transformation," Abbatiello said. AdvertisementAccording to Abbatiello, companies should be both "talent magnets" that attract emerging talent and "talent factories" that help existing workers stay and build careers.

Persons: —, Anthony Abbatiello, Abbatiello, Goldman Sachs, PwC, they're Organizations: Service, Business, Companies, Big Tech

☆ OpenAI takes another step closer to getting AI to think like humans with new 'o1' model
▼ + stars: | 2024-09-12 | by ( Lakshmi Varanasi | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

The new model can work through complex tasks and, in comparison to previous models, solve more difficult problems in science, coding, and math. AdvertisementFor example, it beat GPT-4o — a multimodal model OpenAI unveiled in May — in the qualifying exam for the International Mathematics Olympiad by a long shot. Over the summer, while o1 was still in development, the company unveiled a new five-level classification system for tracking its progress toward that goal. But when Mollick asked o1 to solve a crossword puzzle, it thought about it for a "full 108 seconds" before responding. AdvertisementSince OpenAI unveiled GPT-4 last year, it's been releasing successive iterations in its quest to invent AGI.

Persons: —, OpenAI, Ethan Mollick, Mollick, Gary Marcus, it's Organizations: Service, Business, o1, International, Company, University of Pennsylvania's Wharton School, New York University Locations: —, AGI, GPT

☆ Trump and Biden agree: The US should finally start a sovereign wealth fund
▼ + stars: | 2024-09-08 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +5 min

So it is noteworthy that Democratic and Republican leaders both appear to want to establish a sovereign wealth fund to help the United States pay for stuff. Saudi Arabia's Public Investment Fund, which manages about $925 billion in assets, reported a $36.8 billion profit for 2023, according to Reuters. This isn't the first time Washington has toyed with the idea of a sovereign wealth fund. Last March, a group of bipartisan lawmakers led by Sen. Angus King and Sen. Bill Cassidy began discussing a sovereign wealth fund to pay for Social Security. The White House's interest in a sovereign wealth fund stems partly from its desire to compete with China, which has multiple state-owned funds itself.

Persons: —, Joe Biden, Jake Sullivan, Daleep Singh, Biden, Donald Trump, LIV Golf, Sen, Angus King, Bill Cassidy, Mitt Romney, John Paulson, Larry Summers Organizations: Service, Democratic, Republican, National, Bloomberg, Business, White, Economic, of New, Fund, Reuters, Norges Bank Investment Management, Saudi Arabia's Public Investment Fund, Blackstone, LIV, Social Security, America, Bloomberg Television Locations: United States, of New York, Saudi Arabia, Norway, Norway's, PIF, Heathrow, American, Washington, China

☆ The first thing OpenAI CTO Mira Murati's mother asked ChatGPT is hilarious
▼ + stars: | 2024-09-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Mira Murati is OpenAI's influential chief technology officer. During Cannes Lions, Murati shared her mother's hilarious first reaction to ChatGPT. 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 . In a recent interview at Cannes Lions 2024, a gathering for creative and communications professionals, OpenAI's CTO Mira Murati said her mother's first question to ChatGPT was: "When will Mira get married?"

Persons: Mira Murati, Murati, —, ChatGPT, Mira, it's Organizations: Cannes Lions, Service, Business

☆ Elon Musk's X flags NPR story on Trump's Arlington Cemetery visit as "spammy or unsafe"
▼ + stars: | 2024-08-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Elon Musk's X flagged an NPR article on Donald Trump's Arlington video as 'unsafe or spammy.' The article detailed how Trump's campaign video violated federal law at Arlington National Cemetery. 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 . AdvertisementSince purchasing Twitter in 2022 and rebranding it X, Elon Musk has fashioned himself a free speech absolutist.

Persons: Elon Musk's, Donald Trump's Arlington, —, Elon Musk, Pavel Durov Organizations: Arlington National Cemetery, NPR, Service, Twitter, Telegram, French, Business

☆ Former OpenAI employees call out Sam Altman for not backing even 'light-touch' safety efforts
▼ + stars: | 2024-08-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

"OpenAI opposes even the extremely light-touch requirements in SB 1047, most of which OpenAl claims to voluntarily commit to, raising questions about the strength of those commitments." They said the existing federal legislation OpenAI is using to support its case is "woefully inadequate." They said they hoped their letter would help push the California legislature to pass SB 1047. In an email to Business Insider, a spokesperson for OpenAI said the letter misrepresented the company's position on the bill. "We strongly disagree with the mischaracterization of our position on SB 1047.

Persons: —, OpenAI, California Sen, Scott Wiener, Sam Altman, William Saunders, Daniel Kokotajlo, Saunders, Wiener, we've Organizations: Service, Business, Congressional, Labor, U.S, AI Safety Locations: California, Sacramento, OpenAI

Read previewAs a freshman at Penn State University, Ezra Gershanok was set on landing a job in consulting after graduation. Four Gen Z consultants told BI they were not in the industry for the long haul. Related storiesYet she doesn't expect the consulting industry will go hungry for workers because of the opportunities the experience can bring. AdvertisementShe said the learning opportunities can help some young consultants cope with the long hours and stress of the gig. Gen Z consultants said the hours are worth it as long as they pick up new skills.

Persons: —, Ezra Gershanok, There's, Gershanok, It's, he'd, Gen Zers, Vicki Salemi, Monster, Salemi, Gen, Jorge García Febles, I'm, PwC, it's, Spencer Rascoff, Surabhi Gupta Organizations: Service, Penn State University, Deloitte, McKinsey & Company, Business, Ritz Carlton, Consulting, McKinsey

☆ This new 'Shazam' for fashion app could change the way the world shops online
▼ + stars: | 2024-08-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Capsule aims to revolutionize shopping with an interactive app for on-demand product discovery. The app uses computer vision and generative AI to identify and recreate products globally. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's the vision behind the interactive shopping app Capsule. In 2019, Amazon unveiled StyleSnap, an AI-driven tool that matched fashion photos users uploaded with products on its site.

Persons: — Organizations: Service, Amazon, Target, Business

☆ Nvidia wants to help California train its residents on advanced AI
▼ + stars: | 2024-08-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Nvidia is partnering with California to train residents on AI technology. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChipmaker Nvidia is teaming up with the State of California to help educate students and educators on AI. The partnership — cosigned by California Gov. Gavin Newsom and Nvidia CEO Jensen Huang — will train residents on how to use the technology to support job creation, promote innovation, and leverage AI to solve everyday problems, according to a press release from California Gov.

Persons: Gavin Newsom, —, Jensen Huang — Organizations: Nvidia, Gov, Service, State, California Gov, Business Locations: California

☆ Here's why the creator of Gmail thinks Google fell behind in the AI arms race
▼ + stars: | 2024-08-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

But Google's AI rollouts have been anything but groundbreaking. Its new AI search feature, AI Overviews, promised to deliver neat, AI-generated summaries with Google search results. That's when its focus shifted to preserving its monopoly over search, Buchheit said. AdvertisementThat's not just Buchheit's analysis; it's something Page and Brin noted in their seminal 1998 paper introducing Google. With Google, however, their goal was to "provide high-quality search results over a rapidly growing World Wide Web."

Persons: —, Google's cofounders, Larry Page, Sergey Brin, Paul Buchheit, Bard, Buchheit, Sundar Pichai, there's, That's, Brin Organizations: Service, Gmail, Business, Google

☆ Protecting women from deceitful men or criminalizing break-ups? A new law in India stirs debate
▼ + stars: | 2024-08-10 | by ( Samra Zulfaqar | ) edition.cnn.com time to read: +6 min

But the new law has also provoked questions about how it will be applied, whether it can effectively protect women from sexual exploitation and whether it risks criminalizing break-ups. Audrey Dmello, director of Majlis Law, a women’s rights NGO in India, supports the new law. She argues “promise to marry” rape cases are under-reported and needed to be tackled through legislation. “Having such a law gives women validity as to what happened to them,” she told CNN. Potential concernsThe new law distinguishes “promise to marry” cases from rape – but some lawyers say the parameters are still vague.

Persons: Narendra Modi’s, Audrey Dmello, “, ”, Burhaan Kinu, he’d, Tanvir Siddiki, ’, Gopal Krishna, Siddiki, Durjoy Biswas, Vanshika Bhattad Organizations: CNN, Hindustan Times, “ Locations: India, New Delhi, Chhattisgarh, Varanasi, “, Mumbai, Kolkata, West Bengal, Delhi

☆ Meta, Amazon, and Alphabet are spending big in a battle to dominate AI. It might not end well.
▼ + stars: | 2024-08-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Read previewAI is burning a big hole in the pockets of Big Tech. Leaders at Meta and Alphabet have conceded that they might be funneling too much money into AI out of fear of falling behind in the arms race. AdvertisementGartner's research shows that generative AI requires executives to have a higher tolerance for indirect gains on their investments in the future over immediate returns. AdvertisementBut Big Tech executives believe that generative AI will bring about some of the biggest technological changes the world has seen in the past century — so it's worth the risk. Amazon CEO Andy Jassy said in a letter to shareholders earlier this year that generative AI "may be the largest technology transformation since the cloud" and maybe even "since the internet."

Persons: —, Mark Zuckerberg, Zuckerberg, Sundar Pichai, Rita Sallam, Elliott, Andy Jassy, Brian Olsavsky, Dan Ives Organizations: Service, Big Tech, Meta, Business, Nasdaq, Gartner, Analytics, Eliott Management, Financial Times, Big, Wedbush Securities

☆ The director of Sam Altman's basic income study says one of the most interesting results was an increased interest in starting a business
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Funded in part by OpenAI CEO Sam Altman, the study explored the impact of basic income payments. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The study, funded in part by OpenAI CEO Sam Altman, was driven by Altman's belief that recurring basic income payments might be necessary for an age when AI could make many jobs obsolete. Become an Insider and start reading now.

Persons: OpenResearch's, Sam Altman, — Organizations: Service, Business Locations: United States

☆ AI won't replace human workers, but 'people that use it will replace people that don't,' AI expert Andrew Ng says
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI experts debate the tech's impact on jobs, with some seeing growth and others concerned. Andrew Ng, Google Brain founder, believes AI will transform but not replace jobs. Ng argues Big Tech inflates AI threats to stifle competition and push for legislation. AdvertisementAI experts tend to agree that rapid advances in the technology will impact jobs. Andrew Ng, the founder of Google Brain and a professor at Stanford University, is in the latter camp.

Persons: Andrew Ng, Ng, — Organizations: Google, Big Tech, Service, Stanford University, Business

☆ You can now get all of Microsoft Office's apps painted on your nails for just $200
▼ + stars: | 2024-07-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Nail tech Linh Nguyen has created a Microsoft Office-themed manicure. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Painting each of their nails with a different application from Microsoft Office — a standard tool for the 9-5 class — may be a way to show they're passionate about their job. This story is available exclusively to Business Insider subscribers.

Persons: Nguyen, — Organizations: Microsoft, Service, Microsoft Office, Business

☆ Elon Musk's X is using your tweets to train its AI, Grok. Here's how to opt out.
▼ + stars: | 2024-07-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Elon Musk's X activated a default setting to train Grok, its AI chatbot, on user data. Users can disable data sharing in the 'Privacy and Safety' tab on X.Grok, a ChatGPT competitor, is available via premium subscription. AdvertisementYour unfiltered thoughts are about to become training data for one of the most unhinged AI chatbots on the market. X has activated a setting that, by default, gives it access to users' posts, interactions, and inputs as training data for Grok, the company's ChatGPT competitor. If you want to disable it, here's a step-by-step guide:Once on X, head to the menu on the left side and click "More."

Persons: Elon, —, here's Organizations: Service, Business

☆ Sam Altman says the US has to do 4 things to prevent China from taking the AI throne
▼ + stars: | 2024-07-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewOpenAI CEO Sam Altman has a four-point plan to help the United States retain its dominance in the global AI arms race. To this end, the first step in Altman's plan is to ensure proper safeguards around AI technology. He said that would help create more jobs and establish AI as a "new industrial base" in the United States. He also said the United States needs to invest in developing a new generation of AI innovators, researchers, and engineers. Related storiesThird, the United States should establish more regulations around trade and the transmission of information across borders.

Persons: —, Sam Altman, Altman's, Altman, aren't, Axios Organizations: Service, Washington, Business, International Atomic Energy Agency, AI, Internet Corporation, ICANN, United States, Stanford's Institute for, Intelligence Locations: United States, American, United, China

Read previewThe results are in for Sam Altman's much-anticipated basic income study, one of the largest of its kind. AdvertisementThe debate over basic incomeThe study was inspired by Altman's belief in the importance of a basic income in the age of AI, which some fear could render millions of jobs obsolete. Related storiesThe idea of a universal basic income has been around for awhile, but rose to prominence as the center of Andrew Yang's 2016 presidential campaign. Other significant figures in the tech industry have since voiced support for some kind of basic income, including Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Earlier this year, Altman also floated another kind of basic income plan, which he called a "universal basic compute."

Persons: —, Sam Altman's, Altman, OpenResearch, Elizabeth Rhodes, Cash, Andrew Yang's, Jack Dorsey, Elon Musk, Geoffrey Hinton, Sarah, Cara Organizations: Service, Business, OpenResearch Locations: Texas, Illinois

☆ The hottest new job in AI: chief ethics officer
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

The buzzy bot's technology — generative AI — could write emails, produce code, and materialize graphics in minutes. Generative AI can hallucinate, spread misinformation, and reinforce biases against marginalized groups if it's not managed properly. That's where a chief ethics officer comes in. AdvertisementRight now, though, companies aren't hiring people into these roles fast enough, according to Steve Mills, the chief AI ethics officer at Boston Consulting Group. She also engages with government leaders and other chief ethics officers.

Persons: —, ChatGPT, it's, Steve Mills, Mills, Shankar, Christina Montgomery Organizations: Service, . Companies, Mckinsey & Company, Business, Boston Consulting, Fortune, International Association of Privacy Professionals, Intelligence Locations: Var, Science

☆ Elon Musk reacts to Biden dropping out: 'My smartest friends' are 'excited about Trump'
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Joe Biden's dropping out of the election prompted a reaction from Elon Musk, who backs Trump. Musk claims tech industry loyalty is shifting to Republicans, citing individual freedom and merit. Top Silicon Valley investors, including Ben Horowitz and Peter Thiel, are also backing Trump. AdvertisementJust minutes after US President Joe Biden announced he was dropping his campaign for re-election, Elon Musk announced that his Silicon Valley friends had already moved on to the Republican Party. "My smartest friends, including those living in the San Francisco Bay Area who have been lifelong Dems, are excited about Trump/Vance," Musk posted on X.

Persons: Joe Biden's, Elon Musk, Ben Horowitz, Peter Thiel, —, Joe Biden, Vance, Musk Organizations: Trump, Service, Republican Party, Business Locations: San Francisco Bay

Search resuls for: "Varanasi"

25 mentions found