Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "hasan"


25 mentions found


Users have had creepy, unsettling exchanges with Bing, resulting in Microsoft limiting some features. Win or lose, though, Microsoft Bing has successfully pushed Google towards much-needed innovation. Microsoft CEO Satya Nadella was not shy about his intent to use the OpenAI partnership as a way to make Google "dance." As I heard someone say this week, Microsoft seems to be speed-running the Gartner hype cycle. It's hard not to feel like Google search has fallen far from its beginnings at what was the most useful, most simple, and cleanest search engine in what was an extremely competitive market.
Microsoft Bing had an up-and-down first week after relaunching with new AI superpowers. Bing, Microsoft's search engine, has been revamped with artificial intelligence superpowers. Google's eponymous search engine is getting the same treatment. For one, its launch hasn't gone completely to plan — and even Microsoft admitted Bing has gone rogue in certain circumstances. And in Google, Bing faces a mighty foe.
Microsoft was once king of computing, with more than 90% market share. Microsoft has integrated some OpenAI deep-learning technology into Bing, its ailing competitor to Google, so that the search engine can answer questions in a more nuanced way. And rather than just returning a list of results, Bing will present the information in a more useful way. What is less futuristic is Microsoft's maneuvering to juice its own market share as much as possible. Microsoft is juicing Bing's market share right now Shona Ghosh/InsiderAt present, Bing's share of the search market is a mere 3%, according to data firm Stat Counter.
Steve Wozniak said OpenAI's ChatGPT is "pretty impressive," during an interview with CNBC on Wednesday. "The trouble is it does good things for us, but it can make horrible mistakes by not knowing what humanness is," Wozniak warned. "The trouble is it does good things for us, but it can make horrible mistakes by not knowing what humanness is," Wozniak warned. In the interview, Wozniak also drew a parallel to the concerns surrounding AI technology in self-driving cars, and said that AI cannot currently replace human drivers. Google's new experimental AI chatbot, Bard, gave an inaccurate answer to a question about the James Webb Space Telescope.
Google search dominated, but Microsoft's AI-powered Bing is emerging as a credible challenger. Google has dominated search and the search ad market for the almost 25 years since its inception. The company has around 90% of the search market, according to data firm Stat Counter. Microsoft's share of the search ad market is small: it made nearly $18 billion in ad revenue last year, far smaller than the $224 billion Google made in gross ad revenue last year, the analysts wrote. Declining ads market will spark fiercer competitionThe fight coincides with a slump in ad sales, upping the pressure on Google is the dominant player.
Google is in a weird place right now
  + stars: | 2023-02-09 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. Jonathan Raa/NurPhoto/Getty ImagesGoogle is in a weird place right now. After Microsoft announced integration of ChatGPT with Bing, all eyes were on Google to do something. It's currently only open to "trusted testers," and my teammate writes that "trusted" is the key word, since Google doesn't trust you. Yet, in this crucial moment, Google seems to only be able to react with fear, Hasan writes.
Dividends could be larger if a plan to boost taxes on stock buybacks becomes law, PepsiCo's CFO told CNBC. President Biden called for quadrupling the tax on buybacks during his State of the Union remarks Tuesday. That comes as oil companies and tech giants have approved massive repurchase plans. Biden also tied the criticism of buybacks specifically to big oil companies, which have earned massive profits amid the tight energy market. In December, Exxon Mobil announced plans to pay $50 billion in buybacks through 2024, after spending $15 billion on them in 2022.
But the flood of cash has not delivered a commensurate boom in renewable energy investments, despite clear evidence that the world needs to move much faster with efforts to address the climate crisis. The record-setting results mark a dramatic turnaround for a sector that suffered brutal losses and slashed shareholder payouts in 2020, when pandemic lockdowns sharply reduced demand for energy and oil prices collapsed. An aerial view of the BP oil refinery in Whiting, Indiana on August 29, 2019. Tannen Maury/EPA-EFE/ShutterstockJust three years ago, BP unveiled a plan to slash oil and gas production by 40% from 2019 levels by 2030. It is also now aiming to cut carbon emissions from its oil and gas production by 20%-30% by 2030, down from the previous goal of 35%-40%.
The Paradox of Prosecuting Domestic Terrorism
  + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com   time to read: +52 min
The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.
Google is in a weird position after the release of ChatGPT by a rival firm. Its unveiling of ChatGPT rival Bard was accordingly an odd mix of FOMO and fear. But unlike ChatGPT, which has now amassed 100 million users, Bard will only be available to "trusted testers." Hence the FOMO Bard reveal — on the eve of a competing announcement from Microsoft to show off an AI-enabled Bing. For Google, which sees AI as "the most profound technology we are working on today," Bard can't be the latter.
DIYARBAKIR, Turkey, Feb 6 (Reuters) - In the southeastern Turkish city of Diyarbakir, residents were hoping and praying for news of relatives and friends after a massive earthquake and a huge aftershock turned apartment blocks into mounds of rubble and piles of shattered masonry. "My nephew is under the rubble, with his wife and kids," Ahmet Budak told Reuters after he had rushed towards their building. More than 2,400 people have been killed and thousands more injured in Turkey and northwest Syria. They worked alongside diggers that were guided in to move huge slabs of concrete and sheets of corrugated metal. Writing and additional reporting by Ezgi Erkoyun; Editing by Alison Williams and Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
ChatGPT, like other AI tools, suffers from a bias problem that could impede corporate adoption. OpenAI's CEO, Sam Altman, admitted on Wednesday that ChatGPT has "shortcomings around bias", though he didn't go into detail. Unfortunately for OpenAI, ChatGPT has already had several cases of bias emerge. "You don't have to think very hard to realize there's an enormous quantity of toxic content of absolutely every variety imaginable that's present in that training data." Though OpenAI has found success so far, Wooldridge could see a scenario where the firm is pushed by customers to reveal its training data.
Snap's ads business is cratering, partly because of privacy changes by Apple. Apple has made it easier for users to opt out of ad-tracking, hurting revenue for firms like Snap. It isn't just the deteriorating economy, but the lasting effects of Apple's privacy changes in 2021. In the months running up to Apple's ad changes, Snap's stock hit a high of $83. Meta, of course, has been hurt significantly by Apple's changes (Mark Zuckerberg said the changes could cost his company around $10 billion in 2022).
European venture capital fund Notion Capital is set to raise its fifth fund, Insider understands. The London-based investor has secured around $300 million in commitments so far, sources say. European venture capital firm Notion Capital, which has backed companies like Currencycloud and GoCardless, is set to raise its fifth fund, sources say. Notion filed for its fifth fund in Luxembourg in February 2022. The fifth fund's commitments came in sizable chunks from LPs last year with around $200 million raised over the course of 2022, one London-based source said.
WASHINGTON, Jan 27 (Reuters) - The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp (CVX.N) said its annual profit doubled for 2022. Other oil companies are expected to follow suit. "Companies clearly have everything they need – record profits and thousands of approved permits – to increase production," White House spokesperson Abdullah Hasan said in a statement. "The only thing getting in the way is their own decision to keep plowing windfall profits into the pockets of executives and shareholders instead of using them to boost supply." Hasan's comments mark the latest set of attacks from the White House lambasting oil companies for funneling a windfall of profits to investors.
All of that helped make Chevron the top-performing Dow stock of last year, with shares surging more than 50%. To be clear: It’s not that Chevron, or any of its peers, did anything special to earn their windfall profits last year. Instead, Chevron is buying $75 billion worth of its own shares, and jacking up its quarterly shareholder dividend. Of course, Chevron and other US oil producers, including Exxon Mobil, are putting some money into new energy projects this year. That was far less than the $6.3 billion that Union Pacific spent repurchasing shares of stock.
Bank of America has announced a new class of 360 managing directors. Insider has the list of the 87 new MDs for the firm's Global Corporate and Investment Bank. It's managing director promotion day at Bank of America. On Thursday, the class of 360 managing directors across the firm were announced internally, up 15% from the 314 promoted in 2022.Insider has the list of the 87 employees who were promoted in the firm's Global Corporate and Investment Bank — the division responsible for dealmaking. That's down 17% from 105 new MDs last year in the division, likely a reflection of a difficult year in investment banking across Wall Street that saw revenues drop in excess of 50%.
Chevron wowed investors with a massive $75 billion stock buyback on Wednesday. The stock buyback program has no expiration date and is triple the company's prior share repurchase program of $25 billion. Surging oil prices in 2022 helped fuel record profits for Chevron, and the company expects those profits to continue to flow in 2023. But Chevron is working to increase its oil production in 2023. The capital discipline employed by Chevron is also being employed by ExxonMobil, which increased its stock buyback program to $50 billion last month.
Cloud, increasingly important to Microsoft, Amazon, and Google, is slowing down in the short term. But the company has a longer-term strategic weapon that could help it win the cloud wars: its once-in-a-generation bet on OpenAI. Any hint of a slowdown in growth for Microsoft's Azure, Amazon's AWS, and Google Cloud tends to provoke analyst angst. Even if there are immediate challenges for cloud growth, Microsoft sees its OpenAI bet, reported to be worth $10 billion, as a bigger strategic move. Microsoft Cloud, which also includes revenue from Office 365 and other products as well as Azure, represented around 50% of the company's overall revenue.
Last week saw both Apple and Microsoft pause on speculative projects involving augmented reality and virtual reality, per reports. Apple has postponed its much-rumored augmented reality glasses because of technical challenges, Bloomberg's Mark Gurman reported. The metaverse was already a loose concept, a catch-all term for a vague theory that augmented reality and virtual reality is the future of computing, despite little evidence to back this up. Microsoft, reasonably early to the market with its HoloLens headset, has run into issues with one of its biggest customers: the US military. It's possible augmented reality and virtual reality devices do become popular among certain types of consumer, such as enthusiasts or gamers.
A perfect example of this is the viral technology ChatGPT. ChatGPT makes a lot of people nervous (here's everything you need to know about it, BTW). Or maybe one day ChatGPT will just teach the class — that's probably part of Google's AI nightmare. If ChatGPT runs rampant, the search giant fears it could ruin AI adoption for everyone. My colleague Hasan Chowdhury breaks down how so-called generative AI — not just ChatGPT — could derail an entire sector of emerging technology.
Despite seemingly all of its internet peers announcing job cuts, Google likely hired another 6K employees in 4Q22," Schilsky wrote. The 12,000 figure shared by Pichai on Friday suggests Alphabet layoffs are roughly in line with most of its peers. Meta's layoffs of more than 11,000 employees — announced in November — work out to around 13% of the company's overall workforce. According to filings, 98% of Meta's revenue currently comes from ads, and 87% of Alphabet's revenue comes from advertising. This wouldn't be a problem, he suggests, if Meta's revenue per employee hadn't fallen over the last 12 months $1.6 million per employee to $1.4 million.
It's in Google's financial interest to present itself as a responsible custodian of AI. On Monday, some of Google's most senior executives, including CEO Sundar Pichai, senior vice president James Manyika, and the chief executive of its AI research unit DeepMind, Demis Hassabis, published an explainer on their approach to AI research, titled "Why we focus on AI (and to what end)." This is a "thinly veiled swipe at OpenAI and ChatGPT", according to a research note from Richard Windsor of Radio Free Mobile. In other words: If ChatGPT and its successors cause widespread havoc, it'll ruin AI adoption for everyone, including Google. There'll be more ChatGPT momentsThere is a flood of money pouring into generative AI startups promising real-world applications.
Tesla cutting prices by up to 20% on its models in a sign of trouble for Elon Musk. Interest rate hikes have also increased the costs of financing the purchase of a Tesla, making it harder for consumers already battered by inflation to make the switch. Moores added that when it comes to demand, "backlog orders have come down significantly for Tesla," making price cuts is "a good way to increase the immediate- and medium-term sales pipeline". Price cuts will of course be welcomed by consumers. Wedbush's Ives estimates that "all together these price cuts could spur demand" by 12-15% globally in 2023.
Indonesia, producer of more than half of global palm oil supplies, also tightened trade rules this year, allowing exporters to ship just six times their domestic palm oil sales volume, less than a fourth-quarter 2022 ratio of eight times. "Indonesian palm oil export definitely will drop, as output will decline, domestic consumption will increase," Fadhil Hasan, an Indonesian Palm Oil Association (GAPKI) official, told Reuters. Indonesia produced 51.3 million tonnes of palm oil in 2022 and exported 33.7 million tonnes, GAPKI estimated. In 2023, palm oil output is expected at 50.82 million tonnes and exports at 26.42 million tonnes, it said. "But India's strong demand for palm oil will continue as it is still the cheapest edible oil."
Total: 25