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CNN —Microsoft’s buzziest new AI feature is raising concerns that it could potentially be misused in the wrong hands. It’s different from a keyword search; the tool regularly saves screenshots of the user’s screen and stores them directly on the device. It then uses AI to process the data and make it searchable. Jen Golbeck – a professor of AI at the University of Maryland who focuses on privacy – said the recall feature could pose a potential “nightmare” if the device falls into the wrong hands. Still, Michela Menting, a senior research director at ABI Research, believes the feature is a “step backwards” for privacy.
Persons: Jen Golbeck –, , , that’s, Satya Nadella, Geoff Blaber, ” Blaber, Golbeck, Blaber, Michela Organizations: CNN, University of Maryland, Data Protection, ICO, Microsoft, Wall Street, CCS Insight, ABI Research
CNN —Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. Nvidia shares rose as much as 4% in after-hours trading following the report. Still, some investors had raised questions ahead of Wednesday’s report about just how long Nvidia could keep the rally going.
Persons: Nvidia’s, , Thomas Monteiro Organizations: CNN, Nvidia, Microsoft Locations: China
DuPont de Nemours to split into three companies
  + stars: | 2024-05-22 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +2 min
CNN —DuPont de Nemours, the American multinational chemical company that traces its history back to 1802, announced plans to split into three publicly traded companies on Wednesday. DuPont’s breakup comes amid other large, multi-national companies announcing breakups in recent years, with many CEOs and corporate boards touting the agility of smaller companies. In a statement, Breen echoed a similar refrain, saying the three smaller companies would have greater flexibility after the spin-off. This is the second DuPont breakup in half a decade. In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.
Persons: Lori Koch, Ed Breen, Koch, Breen, , , Kellogg, DuPont Organizations: CNN, DuPont de Nemours, DuPont, , General Electric, Dow Chemical
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The startup, Superlegal, just raised $5 million in seed funding in a round led by Israeli VC funds Aleph and Disruptive AI. The startup says it has the only AI licensed to practice law in the US. One such startup, Robin AI, raised a Series B funding round earlier this year for its gen AI-powered contract drafting and review technology. Here's a look at the 14-slide pitch deck Superlegal used to raise its $5 million seed round.
Persons: , Tom Glover, Westlaw —, Superlegal, Noory, hasn't, AI, Bechor Organizations: Service, Israeli, Alicorn Venture Capital, Thomson Reuters, Business, Utah Locations: Israel
Why OpenAI should fear a Scarlett Johansson lawsuit
  + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +11 min
“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.
Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, , , , Bette Midler, Midler, Tom Waits, Waits, , James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, , ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP
The 30-stock Dow slid 605.78 points, or 1.53%, and closed at 39,065.26 for its worst session of the year. The S&P 500 dropped 0.74%, closing at 5,267.84, and the Nasdaq Composite tumbled 0.39% to end at 16,736.03. Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. With its market cap of more than $2.5 trillion, Nvidia also has considerable sway over the broad S&P 500 . More than 400 names in the S&P 500 were lower, and information technology was the only positive sector for the day.
Persons: Stocks, Dow Jones, it's, Piper Sandler, Craig Johnson Organizations: New York Stock Exchange, Dow, Boeing, Nasdaq, Dow Jones Industrial, Nvidia, . Services, Global, Federal Reserve, Traders Locations: New York City
One semiconductor supplier could win big from a strong outlook from chip giant Nvidia , according to Morgan Stanley. " TSMC is the sole supplier for NVDA AI GPU, so we view NVDA's July-quarter revenue guidance, due on May 22, as a key catalyst," wrote analyst Charlie Chan. "We would expect TSMC's share price to rise if NVDA's guidance were to beat expectations." Investors will closely monitor Nvidia's July revenue guidance, which the market regards as one of the most significant indicators of AI server demand. U.S.-listed shares of Taiwan Semiconductor have rallied 47% this year.
Persons: Morgan Stanley, Charlie Chan, Chan Organizations: Nvidia, Taiwan Semiconductor, Wall, U.S Locations: 2024e
Goldman's top technology analyst is laying out his best internet picks as the first-quarter earnings season wraps up. He added that Alphabet should benefit from signs of strong advertising demand as it recovers from overblown concerns regarding long-term search. Sheridan also expects Meta Platforms to benefit from similar ad trends and its AI potential. Beyond the megacap names, Sheridan highlighted Expedia as a stock that should benefit from the normalization of online travel toward pre-Covid levels. EXPE YTD mountain Shares this year Instacart is another internet stock poised to benefit in this changing consumer landscape, including consolidation toward fewer online services and platforms, according to Sheridan.
Persons: Eric Sheridan, Sheridan Organizations: Amazon, Web Service, Sheridan, CART, UBER
The RealReal is using AI to find fakes
  + stars: | 2024-05-21 | by ( Freya Graham | ) www.businessinsider.com   time to read: +6 min
This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. For "CXO AI Playbook," Business Insider takes a look at mini case studies about AI adoption across industries, company sizes, and technology DNA. We've asked each of the featured companies to tell us about the problems they're trying to solve with AI, who's making these decisions internally, and their vision for using AI in the future. AI in actionThe RealReal started using artificial intelligence in 2018 with a program designed to speed up the writing of descriptions for newly uploaded items. Courtesy of Samantha McCandlessHumans are still part of the authentication process, which helps to manage issues such as false positives.
Persons: , We've, Samantha McCandless, McCandless, tinker, that's, What's Organizations: Service
CNN —Microsoft jumped headfirst into building artificial intelligence directly into its Windows operating system on Monday, announcing new AI computers that could help ramp up flagging PC sales. The computers, which are packed with processors that power advanced AI tools, come as PC sales have stalled for years. Microsoft isn’t alone in its AI PC ambition. Dell and Lenovo also recently debuted AI-first PC computers under the Copilot+ AI umbrella, an emerging category that experts widely believe will become the next stage of computing. Last month, Microsoft reported quarterly profits of $21.9 billion, up from $18.3 billion a year ago.
Persons: Satya Nadella, , , Bing, Dell, ” Geoff Blaber, Blaber, Jitesh, tailwinds Organizations: CNN, Microsoft, Lenovo, Apple, Developers, CCS Insight, IDC Locations: Seattle, Wisconsin
Lowe's — The home improvement stock fell 2.9% despite the company posting a first-quarter earnings and revenue beat. By comparison, analysts surveyed by FactSet had penciled in $1.45 in earnings per share on $1.21 billion in revenue. XPeng — U.S-listed shares jumped nearly 5% after the Chinese EV company topped first-quarter estimates for revenue and said it anticipates a rise in quarterly deliveries. AutoZone reported $4.24 billion in revenue for the quarter, below the $4.29 billion expected by analysts, according to FactSet. Sprout Social — Shares dropped 4% after Sprout Social responded to a Reuters report, citing sources familiar, that said its founders are in talks to take the social media strategy company private.
Persons: Lam, Macy's, Tony Spring, Marvin Ellison, BlackLine, FactSet, Keysight, AutoZone, Li Auto, Li, Yun Li, Jesse Pound, Sarah Min, Alex Harring, Lisa Han, Samantha Subin Organizations: AstraZeneca — U.S, Traffic Safety Administration, Dell Technologies, Citi, Baird, Palo Alto Networks, Keysight, EV, Reuters, Li Auto Locations: billings,
Taylor Swift and Travis Kelce were photographed dining at a private villa in Italy. The lodging comes with a private chef and butler, as well as views of Lake Como. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Her boyfriend, Travis Kelce, watched her perform in Paris on May 12. Before Swift headed to Sweden for her next set of shows, the couple spent time together in Lake Como, Italy, People reported.
Persons: Taylor Swift, Travis Kelce, Villa Sola, , Taylor, Swift Organizations: Service, Department, Business Locations: Italy, Lake Como, Paris, Sweden
Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight from underweight. Johnson Controls — Shares rose 5% after Bloomberg News reported Elliott Management has built a more than $1 billion stake in the security and safety company. Teradyne – The semiconductor testing equipment stock rose nearly 3%. Goldman Sachs upgraded Teradyne to a buy rating, citing its recent strong quarter and expectations for a "cyclical recovery" within its system-on-chip design test business.
Persons: Morgan Stanley, Li, Johnson, Elliott, Goldman Sachs, , Alex Harring, Michelle Fox Organizations: Apple, Reuters, Micron Technology —, Micron, Nvidia, Barclays, Stifel, Li Auto, GameStop, AMC Entertainment, Bloomberg News, Elliott Management Locations: China
The startup just raised a $60 million Series B funding round. We got an exclusive look at the pitch deck the startup used to raise its new round of funding. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The startup Arbol just raised $60 million in Series B funding. Giant Ventures and Opera Tech Ventures co-led the round, with Mubadala Capital also participating in the fundraise.
Persons: hasn't Organizations: Service, Giant Ventures, Opera Tech Ventures, Mubadala Capital, Finch Finance, Space, Business
Siri, the mildly reliable virtual assistant for that phone, came along a few years later. assistant with whom the sad-sack divorcé Theodore Twombly (Joaquin Phoenix) fell in love in “Her,” felt like a futuristic revelation. Voiced by Scarlett Johansson, Samantha was similar to Siri, if Siri liked you and wanted you to like her back. In theory, everyone in “Her” was using their own version of Samantha, presumably with different names and voices. Those who watched the live demo from OpenAI, the company that makes ChatGPT, were quick to note that she sounded a whole lot like Samantha — which is to say, like Johansson.
Persons: Spike, Siri, Samantha, divorcé Theodore Twombly, Joaquin Phoenix, , Scarlett Johansson, , Theodore, Samantha —, Johansson Locations:
OpenAI announced it would pull one of the ChatGPT voices named "Sky" after it created controversy for its resemblance to the voice of actress Scarlett Johansson in "Her," a movie about artificial intelligence. "We've heard questions about how we chose the voices in ChatGPT, especially Sky," the Microsoft -backed company posted on X. The news comes one week after OpenAI debuted a range of audio voices for ChatGPT, its viral chatbot, a new AI model called GPT-4o, and a desktop version of ChatGPT. Users watching the live demonstration of ChatGPT's audio capabilities immediately began to post on social media that the "Sky" voice sounded like Johansson in the movie. "Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the company wrote.
Persons: Scarlett Johansson, Radhika Jones, We've, Samantha, Johansson, OpenAI, Sam Altman, , Anthropic, Mark Chen Organizations: Wallis Annenberg Center, Performing Arts, OpenAI, Microsoft, ChatGPT, Google Locations: Beverly Hills , California, ChatGPT, Ember
Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.
Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio
Here is Scarlett Johansson’s statement on Monday:“Last September, I received an offer from Sam Altman, who wanted to hire me to voice the current ChatGPT 4.0 system. Nine months later, my friends, family and the general public all noted how much the newest system named ‘Sky’ sounded like me. Mr. Altman even insinuated that the similarity was intentional, tweeting a single word, ‘her’ — a reference to the film in which I voiced a chat system, Samantha, who forms an intimate relationship with a human. “Two days before the ChatGPT 4.0 demo was released, Mr. Altman contacted my agent, asking me to reconsider. Consequently, OpenAI reluctantly agreed to take down the ‘Sky’ voice.
Persons: Scarlett Johansson’s, Sam Altman, Altman, Samantha, OpenAI
LinkedIn is another often-overlooked platform where student-athletes can promote themselves and score brand deals, athletes and experts told Business Insider. Oostburg and Printz told BI they've used LinkedIn to secure NIL brand deals and connect with agents or other professionals they want to work with. College athletes have used LinkedIn to get brand deals and sign with talent agentsOostburg said she landed two sponsorship deals through LinkedIn, including with the Nashville Zoo and a startup called Backhat. Griffin, who's scored more than 30 NIL deals during his career, landed his first through LinkedIn. "If you're doing NIL or not, as a college athlete, you're also a college student," he said, "and LinkedIn is the spot to be for college students."
Persons: , Tanner Maddox, Sabrina Oostburg, Connor Printz, Jack Adler, Adler, Oostburg, Printz, Raymond, Belmont Athletics Oostburg, hasn't, Samantha Green, Green, Chase Griffin, Griffin, who's, you've Organizations: Service, LinkedIn, Business, Villanova, Belmont University, Claremont McKenna College, College, Nashville Zoo, Belmont Athletics, Athlete, UCLA
ROME, ITALY - NOVEMBER 10: Actor Scarlett Johansson attends 'Her' Premiere during The 8th Rome Film Festival at Auditorium Parco Della Musica on November 10, 2013 in Rome, Italy. (Photo by Vittorio Zunino Celotto/Getty Images)Actor Scarlett Johansson says OpenAI CEO Sam Altman used a voice similar to hers for its artificial intelligence voice software despite declining his invitation for its use. "Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the company wrote in a blog post on Sunday. Two days before the ChatGPT 4.0 demo was released, Mr. Altman contacted my agent, asking me to reconsider. Consequently, OpenAI reluctantly agreed to take down the "Sky" voice.
Persons: Scarlett Johansson, Vittorio Zunino Celotto, Sam Altman, OpenAI, Johansson, Altman, Samantha, " Johansson, Mr, Walt Disney, We've, OpenAI didn't, Scarlett Johansson's Organizations: Parco, Musica, CNBC, Disney, Microsoft Locations: ROME, ITALY, Rome, Italy, ChatGPT
It’s fueling a huge rollout of new retirement products — but they’re not all golden tickets. “We didn’t really save much of anything.”However, jobs offering pension plans are harder to come by compared to previous decades. Over the past 40 years, defined contribution plans, also known as 401(k) plans, have taken their place. Americans currently hold over $7 trillion in 401(k) plans, according to data from the Investment Company Institute, a trade association. These types of retirement plans put the job of saving and investing on the employee.
Persons: CNN —, Jennifer Messina, “ I’m, ” Messina, ” Teresa Ghilarducci, ” Eric Stevenson, Roth, Ghilarducci, you’re, , There’s, she’s, we’ll, Messina Organizations: CNN, Alliance for Lifetime, Investment Company Institute, Social Security, Social Security Administration, Federal, The New School for Social Research, BlackRock, Nationwide, Messina Locations: Nutley , New Jersey, BlackRock, New Jersey, South Carolina, North Dakota
Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.
Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren
The 2024 Sports Illustrated Swimsuit Issue launch party took place on Thursday night. The models and A-list stars who appeared in the issue wore eye-catching looks to the party. AdvertisementThe 2024 Sports Illustrated Swimsuit Issue has officially hit newsstands. The Sports Illustrated Swimsuit Issue has historically garnered millions, earning its then-owner Time Inc. $35 million in just ad revenue in 2005, according to Forbes. This story is available exclusively to Business Insider subscribers.
Persons: , Christie Brinkley, Tyra Banks Organizations: Service, Time Inc, Forbes, Business
Dan Sundheim's D1 Capital Partners raised its stake by more than 400% in a live entertainment stock during the first quarter, while reallocating funds across major technology winners. Keeping with the entertainment theme, Sundheim also opened a fresh $151 million position in music streamer Spotify Technology . Meta was the firm's fourth-largest position, totaling $382 million at the end of the period, despite a 37% cut. The hedge fund amassed a fresh $218 million stake in Pfizer during the period, making it the firm's 10 largest holding. D1 Capital also opened a position in UnitedHealth , while trimming Elevance Health and diabetes and medical device maker Insulet .
Persons: Dan Sundheim's, Sundheim, Meta, Philip Morris Organizations: Capital Partners, Entertainment, Spotify, Big Tech, Microsoft, Meta, Philip Morris International, Pfizer, D1, GE Vernova, Royal, Mastercard, Visa Locations: UnitedHealth, Royal Caribbean
Crosby Health just raised $2.2 million in seed funding led by Amplo Ventures. The startup is building a large language model to help providers track insurance appeals. We got an exclusive look at the eight-slide pitch deck the startup used to raise its seed round. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Crosby Health, an AI startup building a clinical, large language model to help healthcare providers track insurance appeals, recently announced it raised $2.2 million in seed funding led by Amplo Ventures.
Persons: Crosby, Organizations: Crosby Health, Amplo Ventures, Service, , NOMO Ventures, Business
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