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☆ Chanel CEO describes the ChatGPT fail that happened while visiting Microsoft headquarters
▼ + stars: | 2024-10-29 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

Chanel CEO Leena Nair visited Microsoft to discuss AI, she told Stanford's business school. Chanel is preparing for AI integration and testing experiments including chatbots, Nair said. AdvertisementChatGPT may be one of the major contenders in the AI race, but Chanel CEO Leena Nair was left slightly less than impressed by it during her trip to Microsoft headquarters. "And we're like, 'Show us a picture of a senior leadership team from Chanel visiting Microsoft' — it is all men in suits." Yes, 76% of my organization is women, 96% of my clients are women, female CEO," Nair said.

Persons: Leena Nair, Nair, Chanel, —, you've Organizations: Microsoft, Service, Stanford Graduate School, ChatGPT, Chanel, Unilever, Business Locations: Seattle

☆ Microsoft's GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google
▼ + stars: | 2024-10-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft's most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more choice in what models they want to use. Microsoft introduced GitHub Copilot in 2021, offering source code suggestions to software developers. Copilot relies on models from OpenAI, which has received billions of dollars in funding from Microsoft and has exploded in popularity since releasing ChatGPT in late 2022. At that point, it felt like "the right time" to add models from Anthropic and Google , Dohmke said.

Persons: Claude, Thomas Dohmke, They're, GitHub, Dohmke Organizations: Microsoft, OpenAI's, o1, CNBC, Google

☆ Robert Downey Jr. says he would 'sue all future executives' if Marvel replicated his likeness. He's the second 'Avengers' star to speak out against AI.
▼ + stars: | 2024-10-29 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Robert Downey Jr. says he would sue "future executives" if Marvel uses AI to replicate his likeness. Downey Jr. is the second "Avengers" star after Scarlett Johansson to criticize AI. AdvertisementRobert Downey Jr. told tech journalist Kara Swisher he would sue Marvel if the studio replicated his likeness with AI after his death. But Downey Jr. will return to the MCU to play a villain, Doctor Doom, in 2026's "Avengers: Doomsday." He added that he's not concerned about Marvel using AI for the moment.

Persons: Robert Downey Jr, Kara Swisher, Downey, Scarlett Johansson, —, Downey Jr, Tony Stark, Josh Brolin, Doctor Doom, he's, Swisher, he'd, Tony Stark's, I'm, gals, Christopher Reeve, OpenAI, Johansson, Sam Altman, Altman, cybercrime Organizations: Marvel, Service, Marvel Studios, Warner Bros

☆ Duolingo's AI-Driven Approach Is Redefining Language Learning
▼ + stars: | 2024-10-24 | by ( Helen Li | ) www.businessinsider.com time to read: +1 min

Luis von Ahn is the cofounder and CEO of Duolingo, a popular language-learning app with more than 31 million monthly active users. Von Ahn led the development of "Birdbrain", a machine learning model that estimates a user's language proficiency and then personalizes exercises. In 2023, Duolingo launched a new "Max" tier for its language-learning users. This year, Duolingo launched a Video Call feature where learners can practice talking in real time with an AI character. Von Ahn is a former computer science professor at Carnegie Mellon University and the co-inventor of CAPTCHAs, the way to determine if a computer user is human.

Persons: Luis von Ahn, Von Ahn, Duolingo Organizations: Carnegie Mellon University

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ Interview: Salesforce CEO Marc Benioff bashes Microsoft as generative AI threatens his company's CRM lead
▼ + stars: | 2024-10-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

In a Business Insider interview this week, he let loose again, blasting Microsoft's Copilot AI assistant, while touting the Salesforce AI agents that are rolling out soon. In the interview with BI, Benioff focused on Salesforce's continued lead in the CRM market, rather than Microsoft's creeping gains. Generative AI may change CRMGenerative artificial intelligence may be a new challenge to Salesforce and especially its lead in CRM software. He cited CRM software, which replaced the physical Rolodex and helped salespeople keep in better touch with their contacts. It helps companies create their own AI agents to assist with tasks such as customer service and sales.

Persons: —, Marc Benioff isn't, Benioff, Copilot, Salesforce's, Rishi Jaluria, salespeople, Salesforce, Jaluria, It's, Morgan Stanley, Einstein, Agentforce Organizations: Microsoft, Salesforce's, Service, IDC, RBC Capital Markets

☆ Google VP Amin Vahdat leads the company in innovating with AI chips
▼ + stars: | 2024-10-24 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

With its core business under threat, Google has spent the past two years pouring resources into building its own AI chips. In charge of those efforts is Vahdat, one of Business Insider's 2024 AI Power List picks. Vahdat has been at the company for more than a decade and is today setting the direction for Google's silicon strategy. That also means working closely with Google DeepMind to take its breakthrough models and integrate them throughout Google's products, whether YouTube's creator tools or Google's search ads. See Business Insider's full AI Power List

Persons: Vahdat Organizations: Google, Amazon, Microsoft

☆ AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
▼ + stars: | 2024-10-23 | by ( Hugh Son | ) www.nbcnews.com time to read: +4 min

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned. It’s most in-demand among salespeople and other client-facing staff who often field questions from hedge funds or other institutional investors, said Huberty. Productivity boostIn a recent demonstration, the GPT-4 based chatbot was able to summarize Morgan Stanley’s position on matters from copper to Nvidia to the finer points of standing up a data center, understanding industry-specific jargon and providing charts and links to source material. The tool is embedded within workers’ browsers as well as Microsoft Teams and Outlook programs to make it readily available. Understandably, Huberty says she is often asked if AI could ultimately replace the analysts who are creating the reams of research published under Morgan Stanley’s banner.

Persons: Morgan Stanley, Katy Huberty, Morgan, ” Huberty, Wall, Pierre Buhler, ” Buhler, ” It’s, Goldman Sachs, Huberty, that’s, “, chatbot, Morgan Stanley’s, ” Organizations: CNBC, JPMorgan Chase, SSA, Co, JPMorgan, Employees, Productivity, Nvidia, Microsoft Locations: San Francisco

☆ These subtle mistakes are dead giveaways that an applicant used AI to write their job application, according to this CEO
▼ + stars: | 2024-10-22 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +6 min

She says that sometimes using AI to complete an application isn't a big deal. Since joining Applied in 2018, I've reviewed thousands of applicants' skill-based test answers, and I've noticed multiple subtleties that indicate AI was used. Beyond that, using AI can also strip an application of personality and diminish an applicant's ability to set themself apart among potentially thousands of other applicants. They may not mind the use of AI, or they might discard an applicant entirely if there is even suspicion that AI was used. AI isn't going anywhere, so use it to your advantageI believe that AI will continue to be used in applications.

Persons: Khyati Sundaram, Sundaram, —, It's, I've, we've, We've, résumés, who've, Tess Martinelli Organizations: Service Locations: London, tmartinelli

☆ Meet the 'world's most advanced' humanoid robot
▼ + stars: | 2024-10-16 | by ( Arjun Kharpal | Maria Gomez De Sicart | ) www.cnbc.com time to read: +1 min

Standing in the office of Will Jackson, founder of Engineered Arts, is Ameca, a robot that can talk and move like a human. It is the latest and most advanced iteration of two-decades of robot development from Engineered Arts, a humanoid manufacturer based in Cornwall, England. It has cameras in each of the eyes to allow Ameca to "see" the world around it. The robot cannot yet walk, but Engineered Arts is working on technology to allow Ameca to do so. Watch CNBC Tech: The Edge's visit to Engineered Arts' headquarters in Falmouth, U.K., and even a short interview with Ameca, in the video above.

Persons: Will Jackson, Ameca Organizations: Engineered Arts, Arts, CNBC Tech Locations: Cornwall, England, Falmouth, U.K

☆ Taboola is looking to compete with Google and Facebook for small-business clients using a new generative AI tool for ad campaigns
▼ + stars: | 2024-10-15 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

The tool was built using OpenAI's GPT-4o and data input from years of Taboola ad campaigns. They've maxed out Google and Facebook, not because their threshold for margin is tapped, but the way most spend on Google and Facebook, they will spend, and spend, and spend, and they stop because it gets expensive," Singolda said in an interview. Singolda said Abby was designed to help Taboola bring on more advertisers and tackle the onboarding process. And Taboola itself already offers an AI tool called Maximize Conversions that automates its clients' ad bidding strategies. Advertisement"I don't see generative AI tools as likely to drive near-term adoption of new ad platforms among SMBs," Lipsman said.

Persons: Abby, Taboola, —, Adam Singolda, Singolda, Publicis, Andrew Lipsman, Lipsman Organizations: Service, BBC, CBS, Yahoo, Apple News, Business, Google, Facebook, Big Tech, Omnicom, WPP

☆ Google is taking the nuclear option to power soaring demand for AI. Here's why it's such a big deal.
▼ + stars: | 2024-10-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

The search giant has struck a deal to bring new nuclear plants online to power its AI data centers. Google became the first tech giant to broker a deal for entirely new nuclear power plants after it unveiled a partnership with industry firm Kairos Power on Monday. AdvertisementGoogle CEO Sundar Pichai had previously hinted that his company was evaluating investment opportunities in nuclear power. That 86-page report didn't mention nuclear power, bar a single endnote. AdvertisementBy one estimate, a search request on OpenAI's buzzy chatbot demands around 10 times as much electricity as a general Google search.

Persons: —, Power, Sundar Pichai, Justin Sullivan, Getty, Michael Terrell, Ethan Mollick, FQtUsE0L9d, lChspwoZjC, OpenAI, Yann LeCun, Sam Altman, Altman Organizations: Google, Service, Big Tech, Wharton, Microsoft, Constellation, Amazon, Talen Energy, Susquehanna, Electric, Helion Energy Locations: East Tennessee, Baltimore, Pennsylvania, Davos, Big

☆ AI isn't likely to replace humans at work, says report—but 5 occupations may soon feel its impact more
▼ + stars: | 2024-10-14 | by ( Alex Koller | ) www.cnbc.com time to read: +4 min

Artificial intelligence is already changing the way some people work, but it's not yet poised to replace the work that humans do, according to a new report from Indeed. A 68.7% majority of skills were "very unlikely" or "unlikely" to be replaced by AI, while 28.5% of skills may "potentially" be replaceable. Indeed's report examined soft skills like communication, leadership and organization, more technical skills including specific coding languages, and hands-on skills such as cooking and administering medication. Still, workers shouldn't shy away from certain career paths that are more susceptible to being replaced by AI, according to Gudell. "It's really all about using these tools to your maximum advantage when you're searching for a job," Gudell says.

Persons: Svenja Gudell, —, Gudell Organizations: CNBC

Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.

Persons: Andrew Feldman, Ramsey Cardy, Cerebras, —, David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida

☆ OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork
▼ + stars: | 2024-10-11 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

Is it OK for an AI company to exclude the cost of training its AI models when it reports earnings? Related storiesFor an AI company like OpenAI, training models will be an ongoing process. The world is constantly evolving, and new data is being generated, which will have to be incorporated into AI models' understanding. Let's call it "AI adjusted earnings" for an AI company. They are a private company," McKenna said.

Persons: we've, Francine McKenna, McKenna, OpenAI, It's, Groupon, WeWork Organizations: Google, Facebook, MarketWatch, Revenue, Big Tech, KPMG Consulting, SAP, Oracle, Securities, Exchange Commission, SEC Locations: It's

☆ AI largely beat human CEOs in an experiment — but it also got fired more quickly
▼ + stars: | 2024-10-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

AI mostly outperformed human executives in an experiment by University of Cambridge researchers. But AI wasn't as good at making decisions in unexpected "black swan" events. That led to AI getting fired by a virtual board of directors more quickly than humans. Because of that, AI got fired more quickly by a virtual board of directors than its human counterparts, which navigated unexpected situations better. When a "black swan" event occurred, the bot couldn't address it as quickly — or as well — as the human executives and students.

Persons: —, Hamza Mudassir, Mudassir, LLMs Organizations: University of Cambridge, Service, Cambridge, Harvard Business Locations: Cambridge, OpenAI

☆ Anthropic's power players: Here are the 11 leaders helping shape the future of the Amazon-backed AI company
▼ + stars: | 2024-10-09 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

It's sought to position itself as the safer, more responsible AI company. She, along with her brother Dario, was part of the team that left OpenAI with the goal of creating a more responsible AI company. Krishna Rao, Chief Financial OfficerAs any emerging AI company can attest, conducting groundbreaking research isn't enough. In this role, he's building deep relationships with users and helping to turn Anthropic's research into a mass-market product. These capabilities are essential to Anthropic's positioning of itself as the safer AI company.

Persons: Anthropic, It's, —, OpenAI's, Dario Amodei, Amodei, Dario, Daniela Amodei, She's, Jack Clark ,, Clark, Jared Kaplan, Kaplan, Chris Olah, Sam McCandlish, McCandlish, Tom Brown, Brown, Krishna Rao, Rao, Mike Krieger, São Paulo, Krieger, Claude, Brian Israel, it's, Brian, Sam Bowman, Bowman, Jan Leike Organizations: Service, OpenAI's ChatGPT, Google, Princeton University, Hertz, Stanford University School of Medicine, sager, Bloomberg, Harvard, Johns Hopkins University, Research, Organization, Core Resources, Stanford University, Brandeis University, Core, Blackstone, Bain & Company, Anthropic, State Department, NASA Locations: OpenAI, Anthropic, Airbnb, São, Menlo Park, San Francisco, New York, Israel

☆ A startup pitching AI as a way to automate 80% of influencer-marketing tasks gets funding from billionaire Tim Draper
▼ + stars: | 2024-10-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Influencer-marketing startup Dreamwell AI raised $2.3 million in a pre-seed round led by Tim Draper. The company uses AI to automate marketing tasks like influencer prospecting and outreach. A new tech startup called Dreamwell AI has its sights set on using AI to make influencer marketing run more efficiently. "First and foremost, we try to understand what's the value of this creator," Khazaal said. Startups and Big Tech alike are adding AI tools to help creators automate tasks like video editing, dubbing, and even coming up with ideas.

Persons: Tim Draper, —, Kazzy Khazaal, Dreamwell, Tim Draper's, Draper, Khazaal, they'd, Prashant Matta Organizations: Service, Business, Draper Associates, Seed Venture Fund, YouTube, LinkedIn, Big Tech, Publicis Groupe

☆ 5 AI hacks smart people use to accomplish more and stress less at work
▼ + stars: | 2024-10-08 | by ( Jeremy Schifeling | In Schifeling | ) www.cnbc.com time to read: +7 min

Here are five AI hacks smart professionals use to get the most out of AI:1. Head over to Google Forms, click the AI button at the top of the page, and tell the tool what you're looking to accomplish. Zoom In Icon Arrows pointing outwardsYou can use a similar approach beyond survey comments. Zoom In Icon Arrows pointing outwardsThe key here is that AI can do more than just spit out text. Zoom In Icon Arrows pointing outwardsAgain, you can adapt the prompt to help you prepare for any kind of presentation.

Persons: I’ve, you’ve, you've, We've Organizations: Khan Academy, Harvard Business School, University of Texas, Google

☆ Foxconn chairman says AI investment boom 'still has some time to go' as language models evolve
▼ + stars: | 2024-10-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of Foxconn , a key supplier to Apple . This type of AI is referred to in the industry as "AGI," or Artificial General Intelligence. Liu said that progress toward increasingly intelligent AI can only be a good thing for the AI server industry, which has been a key boon to Foxconn's growth this year. "I think for the AI server industry, I think we still have some time to grow," Liu added. "With the AGI capability growing, the age [of] AI devices will be another industry we should watch carefully."

Persons: Emily Tan, Foxconn Young Liu, Liu, OpenAI, Sam Altman, he's Organizations: Apple, Intelligence, CNBC, Microsoft

☆ Meta brags that its latest AI video tool outperforms rivals like OpenAI
▼ + stars: | 2024-10-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Meta just launched Movie Gen, an AI video generator to compete with OpenAI's Sora. AdvertisementMeta released a new AI video-generating tool on Friday that is also the company's latest volley in its battle with OpenAI for AI supremacy. In its press release, Meta called Movie Gen the "most advanced and immersive storytelling suite of models," including video generation, audio generation, personalized video generation, and video editing. For video generation, those Meta surveyed preferred Movie Gen over OpenAI Sora, the company's press release said. Meta, OpenAI, and Google did not immediately respond to a request for comment.

Persons: Meta, OpenAI's Sora, —, Deng, OpenAi, OpenAI's ChatGPT, OpenAI's, OpenAI Sora, Google's Organizations: Google, Service, Veo, Meta

☆ OpenAI just secured a ton of new cash. Now it needs to wow us
▼ + stars: | 2024-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.

Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, “, Luria, There’s, OpenAI, Sam Altman, we’ve, ” Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, ” Locations: New York, Silicon Valley, Silicon

☆ Microsoft AI boss likens OpenAI partnership to a sibling rivalry
▼ + stars: | 2024-10-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

But Microsoft is also reportedly building its own in-house AI model that could compete with OpenAI's. Microsoft is now developing its own in-house AI model, reportedly dubbed MAI-1, and OpenAI has launched GPT-4o and o1-preview. The two were briefly announced to "lead a new advanced AI research team," a group now known as Microsoft AI. Suleyman said the ties between Microsoft and OpenAI aren't unique, but rather similar to other company relationships across the industry. "I mean, we have a deep relationship with Amazon, believe it or not, on a lot of fronts."

Persons: Mustafa Suleyman, —, Kara Swisher, Suleyman, OpenAI, Satya Nadella, Sam Altman, Greg Brockman, Altman, Brockman, Karén Simonyan Organizations: Microsoft, Service, OpenAI Locations: OpenAI

☆ AI turned a two-month task into hours, says JLL CMO Siddharth Taparia
▼ + stars: | 2024-10-03 | by ( Julia Hood | Will Wei | ) www.businessinsider.com time to read: +3 min

Siddharth Taparia: When it comes to marketing, I think one of the things that is top of mind for everybody is artificial intelligence. Siddharth Taparia, I'm the global chief marketing officer for JLL, which is a Fortune 200 commercial real estate company. So our AI journey really started when Chat GPT was first launched, I believe it was November of 2022. So we started talking and experimenting and playing with all the different tools that were becoming available in the marketplace. The whole process from start to finish would've taken anywhere from four to six weeks.

Persons: Siddharth Taparia, GPT, would've Organizations: Fortune

☆ OpenAI has secured a $157 billion valuation. Now comes the hard part.
▼ + stars: | 2024-10-03 | by ( Hasan Chowdhury | Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

OpenAI is now worth $157 billion, but it can't rest easy yet. Now comes the hard part: emerging victorious in a fiercely competitive AI industry. Though Sam Altman's company cemented its status as a frontrunner in the generative AI boom this week, securing a new $157 billion valuation after raising $6.6 billion of fresh capital from marquee investors, its leading position is hardly guaranteed. Sure, Altman's company now casts a massive shadow over the industry with its fresh $157 billion valuation. AI companies have been spending huge sums to purchase chips from Jensen Huang's Nvidia.

Persons: OpenAI, —, Sam Altman's, Sam Altman, Andrew Caballero, Reynolds, Altman, Elon Musk's, Ilya Sutskever, Nathan Benaich, Dario Amodei, Jensen, Jeff Chiu, Benaich, it's, VCs Organizations: Service, Valley's, Financial, Nvidia, SoftBank, Microsoft, Elon, Air Street Capital, The New York Times, Google, Big Tech, Meta Locations: Silicon Valley, AFP

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