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OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with a new user interface. The update brings GPT-4 to everyone, including OpenAI's free users, CTO Mira Murati said in a livestreamed event. She added that the new model, GPT-4o, is "much faster," with improved capabilities in text, video and audio. For OpenAI, it's one of the company's biggest announcements since its August launch of ChatGPT Enterprise, the AI chatbot's business tier. OpenAI says that more than 92% of Fortune 500 companies are using the platform.
Persons: OpenAI, Mira Murati, Murati, Brad Lightcap, Anthropic Organizations: Monday, ChatGPT Enterprise, CNBC, Microsoft, Google, Fortune Locations: GPT
OpenAI is considering letting its AI models generate porn. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOpenAI is exploring allowing its AI models to generate explicit content. In a move first reported by Wired, OpenAI's recently released Model Spec document opens the door for a policy change on adult content. "We're exploring whether we can responsibly provide the ability to generate NSFW content in age-appropriate contexts through the API and ChatGPT," the company said in the Model Spec.
Persons: , OpenAI's Organizations: Service, Wired, Business
Lawyers for the Authors Guild said in court filings that the datasets likely contained "more than 100,000 published books" and are central to its allegations that OpenAI used copyrighted materials to train AI models. OpenAI and other companies used data from the internet, including many books, to build these models. The startup has since identified the employees to lawyers for the Authors Guild but has not publicly disclosed their names. The Authors Guild has opposed this, arguing for the public's right to know. Advertisement"The models powering ChatGPT and our API today were not developed using these datasets," OpenAI said in a statement on Tuesday.
Persons: OpenAI, King James Organizations: Service, OpenAI, Business, Tech, Guild
Some stocks set to report quarterly results next week could be poised for a noteworthy move going by their history. Specifically, we looked for stocks that have surpassed earnings per share forecasts, on average, at least 75% of the time. Then we further culled the list by looking for stocks that also posted at least a 2% move, on average, following that beat. Datadog has an unblemished record of surpassing analyst estimates for quarterly results, and has seen its stock move up nearly 4% following earnings. Other names on the list reporting results next week include Fabrinet and Trex .
Persons: RingCentral, Wells, Andrew Nowinksi Organizations: Apple, CNBC, Investment, FactSet, Dine Brands, Dine Locations: Wells Fargo
US Navy warships fired SM-3s to intercept Iranian ballistic missiles last weekend. AdvertisementUS Navy warships used a missile interceptor for the first time in combat over the weekend as they defended Israel from an unprecedented Iranian attack. AdvertisementA developmental Standard Missile-3, designed to intercept short to medium-ranged ballistic missile threats, is launched from the Pearl Harbor-based Aegis cruiser USS Lake Erie. There are multiple SM-3 variants, which can be fired from a Navy warship's vertical launching system, and the Block I interceptors were first fielded nearly 20 years ago. US Central Command said American forces, specifically, destroyed more than 80 drones and at least six ballistic missiles.
Persons: Navy Carlos Del Toro, , Del Toro, Arleigh Burke, Carney, Del Toro's, Thomas Hudner, Kerri Kline, CENTCOM, Iran's Organizations: Navy, Service, Aegis, Getty, Combat, for Strategic, International Studies, Missile Defense, US Navy, Mass Communications, Central Command, American Locations: Israel, American, Tehran, Iran, Lake Erie, East
"That whole process flow is designed to help radiologists get through their task with assistance more quickly," Kurian said in an interview. Google Cloud and Bayer are not the only companies exploring AI applications for medical imaging. Google Cloud has been working with Bayer on the radiology platform for around five years. The foundation was built using existing Google Cloud solutions like Vertex AI, Healthcare API and BigQuery, and Kurian said the platform's data is encrypted. Google Cloud and Bayer are exploring a number of different pricing models for the platform, he said.
Persons: Thomas Kurian, radiologists, Kurian, Keith Kirkpatrick, there's, Kirkpatrick, Bayer, Guido Mathews, Mathews Organizations: Google, Bayer, Tuesday, CNBC, Radiological Society of North, American College of Radiology's, Google Cloud, Philips, Amazon Web Services, GE HealthCare Locations: U.S, Radiological Society of North America, Netherlands
Google just scored a big win in the AI talent war
  + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.
Persons: OpenAI's, Logan Kilpatrick, , OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI
OpenAI's "Voice Engine" tool, which the company says it first developed in late 2022, uses a 15-second audio clip of a real person's voice to create an eerily realistic, human-sounding replica of that voice. AdvertisementOpenAI stressed that its partner organizations must obey strict policies to use Voice Engine, like getting consent from every individual being impersonated and informing listeners that the voice is AI-generated. "We are taking a cautious and informed approach to a broader release due to the potential for synthetic voice misuse," the company wrote. "We hope to start a dialogue on the responsible deployment of synthetic voices, and how society can adapt to these new capabilities." For example, OpenAI suggested establishing a "no-go voice list" to prevent the nonconsensual replication of prominent voices, like politicians or celebrities.
Persons: , OpenAI, it's Organizations: Service, Business
The rule issued by the Interior Department's Bureau of Land Management will tighten limits on gas flaring on federal lands and require that energy companies improve methods to detect methane leaks that add to planet-warming greenhouse gas pollution. It also regulates smaller wells that are now required to find and plug methane leaks. Venting and flaring activity from oil and gas production on public lands has significantly increased in recent decades. Interior had previously announced a rule to restrict methane emissions under former President Barack Obama. The climate law includes $1.5 billion in grants and other spending to improve monitoring and data collection of methane emissions, intending to find and repair natural gas leaks.
Persons: , Biden, Deb Haaland, , Jon Goldstein, Tannis Fox, Holly Hopkins, Raul Grijalva, Grijalva, “ I’m, Barack Obama, Donald Trump Organizations: WASHINGTON, Interior Department's, of Land Management, Environmental Protection Agency, United Arab, Environmental, Environmental Defense Fund, Western Environmental Law Center, American Petroleum Institute, Arizona, Natural Resources Committee, Oil, Trump, Obama, Congress Locations: United Arab Emirates, United States
65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.
Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub
A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming. The county wants oil producers to pay to mitigate the damage caused by climate change. The county's 31 municipalities will spend $955 million through 2040 to address climate change impacts, the group forecast last year. It said climate change policy is the responsibility of Congress, not local governments and courts. Circuit Court of Appeals dismissed a lawsuit by New York City against five oil companies to recoup damages caused by global warming.
Persons: Gene DiGirolamo, Theodore J, Boutrous Jr, ” Ryan Meyers Organizations: D.C, Center, Climate Integrity, BP, Chevron, ConocoPhillips, ExxonMobil, Philips, Shell, American Petroleum Institute, U.S, Circuit, New Locations: Philadelphia, Bucks, California , Colorado, Hawaii , Illinois, Maryland , New Jersey , New York , Oregon, South Carolina, Puerto Rico, Washington, Bucks County, Pennsylvania, New York City
OpenAI filed a trademark application for a "voice engine" and to build "digital voice assistants." OpenAI also filed trademark applications in October for future models like GPT-6 and GPT-7. OpenAI has filed a trademark application to build "digital voice assistants" and a "voice engine", which signals that it may be set to release a new product. It also has a general-purpose speech recognition model called Whisper. OpenAI also filed trademark applications for its future models, including GPT-6 and GPT-7 in October.
Persons: OpenAI, Sam Altman, , Apple's Siri, Amazon's Alex, Lex Fridman, Altman, OpenAI's, it's, didn't Organizations: Service, US, Business, GPT
It's not just market conditions that have Reddit moderators like Gilbert forgoing the investment opportunity. Reddit has long had a rocky relationship with moderators and the site's most dedicated users, or Redditors. In total, Reddit said underwriters have reserved 1.76 million of the 8 million shares in the IPO for the DSP. Meme stocksOf all companies, Reddit knows something about stock market volatility. However, given the dearth of tech IPOs since the start of 2022, White said Reddit's offering is "probably a little more risky."
Persons: Jonathan Raa, Sarah Gilbert, she's, She's, Airbnb, Doximity, Reddit's, Klaviyo —, It's, Gilbert forgoing, Reddit, Steve Huffman, Gilbert, you've, Alexis Ohanian, Twitch, BuckRowdy, Joshua White, White, FormicaDinette33, subreddits, it's, Wrestlegirl, Maharaj, shouldn't, He's, jeering, Courtnie Swearingen, Victoria Taylor, Swearingen, San, — CNBC's Cameron Costa Organizations: Nurphoto, Getty, New York Stock Exchange, Cornell University's Citizens, Technology, Google, YouTube, Facebook, CNBC, GameStop, AMC Entertainment, Vanderbilt University Locations: New, Chicago, San Francisco
Read previewSam Altman suggested OpenAI may not be the most ideal name for the artificial intelligence company — at least in hindsight. "We started off just thinking we were going to be a research lab and having no idea about how this technology was going to go," Altman told Fridman. "This was before we had any idea about an API or selling access to a chatbot," Altman said on the podcast. But Altman told Fridman that he doesn't really understand what Musk's "real motivations" are. "Speaking of going back with an Oracle, I'd pick a different name," Altman told Fridman.
Persons: , Sam Altman, OpenAI, Elon Musk, Lex Fridman's, Altman, Fridman, Musk Organizations: Service, Elon, Business, Oracle
Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. "On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models," Reddit said in an updated IPO prospectus. Reddit filed for an IPO in February, and plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." Reddit said "the opportunity does not conflict with our values and the rights of our Redditors," referring to its users and forum moderators. "We do not believe that we have engaged in any unfair or deceptive trade practice," Reddit said.
Persons: Reddit, hasn't Organizations: Federal Trade Commission, New York Stock Exchange, FTC, Google Locations: Klaviyo
This is Nyepi, Balinese New Year. Amanda Syrowatka, owner of the Viceroy Bali, helps manage expectations for hotel guests during Nyepi. The day before Nyepi is Ngrupuk, when giant monster effigies called ogoh ogoh, representing evil spirits, are paraded around by local children. While some tourists plan to come to Bali for Nyepi specifically to witness or take part in the holiday, some find themselves there unexpectedly. “While I might not plan a trip around Nyepi,” says Bigg, “I certainly wouldn’t mind being in Bali for it again.
Persons: CNN —, Amanda Syrowatka, Viceroy Bali, Nyepi, , Wayan Ari, Putu Sayoga, Agung Parameswara, Margot Biggs, Organizations: CNN, Local, School for International Training, Viceroy Locations: CNN — Bali, Indonesia, Bali, Putu, India, Viceroy Bali ., Nyepi, American
Oil fell slightly as China growth worries clash with output cuts
  + stars: | 2024-03-06 | by ( ) www.cnbc.com   time to read: +3 min
Oil prices fell slightly on Wednesday as concerns about demand growth in China, the world's biggest crude importer, clashed with signs of supply tightness amid output cuts by major producers. Oil prices fell slightly on Wednesday as concerns about demand growth in China, the world's biggest crude importer, clashed with signs of supply tightness amid output cuts by major producers. The 'risk off' nature of recent trading was underscored by the fall in Treasury yields, which also pressured oil prices. "Crude oil futures edged lower amid the risk-off tone across markets. If the EIA reports a crude storage build, it will be the sixth straight week of rising oil stocks in the country.
Persons: Daniel Hynes Organizations: Brent, U.S, West Texas, Treasury, of, Petroleum, ANZ, American Petroleum Institute, U.S . Energy, Administration Locations: China, OPEC, Yemen, Saudi Arabia, Asia
Facebook, Threads and Instagram are down for some users
  + stars: | 2024-03-05 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +1 min
Meta 's social media platforms Instagram, Facebook and Threads were down for many users Tuesday morning. Facebook and Threads seem to be particularly impacted. Instagram feeds aren't refreshing for some users, while others are still able to access the app. The service disruption follows a major outage in 2021, when Facebook, Instagram and WhatsApp were down for more than six hours. At the time, Facebook, now Meta, said the outage was caused by "configuration changes on backbone routers."
Persons: Andy Stone Organizations: Facebook, Meta
Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The Wall Street Journal was first to report on the expected range and valuation. Employees will be allowed to sell Reddit stock during the offering, the source added. Reddit had a private market valuation of $10 billion when it last raised a funding round of $1.3 billion in 2021, according to PitchBook. Reddit's IPO will represent the first major tech offering of the year and the first social media IPO since Pinterest's Wall Street debut in 2019.
Persons: Reddit, Sam Altman's, he'd, Altman, Condé Nast, Alexis Ohanian, Steve Huffman, Airbnb, OpenAI's, John Tuttle Organizations: New York Stock Exchange, Tencent, Advance Magazine Publishers, Securities and Exchange Commission, Google, Reddit Locations: Los Angeles , California, Reddit
The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.
Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai
The AI startup, named after inventor Lewis Howard Latimer and affectionately known as "The BlackGPT" is an answer to the bias, lack of cultural competency, and erasure found in popular AI tools like ChatGPT, says Latimer CEO and cofounder John Pasmore. Pasmore said the company has plans to launch about five more products specifically focused on bias detection. The move-fast, break-things energy in AI created an opportunity for Latimer, Pasmore said. This method is baked into Latimer's nascent suite of business offerings set to launch after the release of its API. He is confident that there is "a billion-dollar opportunity" to address bias in incumbent AI offerings for enterprises.
Persons: , Latimer, Lewis Howard Latimer, John Pasmore, Pasmore, Molefi Kete Asante, Brown, it's Latimer, Esther Dyson Organizations: Service, Business, Black, Morgan State, TRS Capital, Syncom Venture Partners Locations: Swiss
The platform's listing, expected next month, would be the largest IPO by a social media company since Pinterest in 2019. That means some are wondering why Reddit has waited until now to make its move, but AI might have something to do with it. Reddit also listed data licensing and AI training as part of its income streams. "We are going public to advance our mission and become a stronger company," he said in a founder's letter included in the prospectus. AdvertisementRepresentatives for Reddit did not immediately respond to a request for comment from BI, made outside normal working hours.
Persons: Reddit, Sam Altman, Steve Huffman, Huffman, Fortune, Katie Notopoulos Organizations: New York Stock Exchange, Facebook, Twitter, Business, Securities and Exchange Commission, Google, University, Virginia, GameStop, AMC Locations: Reddit
In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tech still grapples with how to use the tools . Since Nvidia's GPUs sit at the center of the AI revolution, the company's success suggests the hype around the tech is warranted. One issue is bias showing up in AI tools . AdvertisementInternal documents show that Amazon is warning its employees not to use third-party generative AI tools for work , BI's Ashley Stewart and Eugene Kim report. It's an interesting acknowledgement of the risks involved with using AI tools — especially when Amazon is pitching its own chatbot to customers .
Persons: , It's, Michael M, Tyler Le, it's, Matthew Fox, Wall, Jensen, Kathleen Brooks, XTB, BI's George Glover, Chelsea Jia Feng, — ChatGPT, Monica Melton, BI's Ashley Stewart, Eugene Kim, Paul Morigi, Jenny Chang, Rodriguez, Goldman, Joe Duran, Jensen Huang, Huang, Reddit, Sam Altman, Elon Musk, Gemini, isn't, RJ Scaringe, Rivian, Scaringe, Steve Conine, Niraj Shah, Lucas Jackson, Wayfair, Bruce Dixon, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Nvidia, Big Tech, Getty, Nasdaq, Nikkei, GameStop, SEC, CNBC, EV, Warner Bros Discovery Inc, Hyatt Hotels Locations: Paul, New York, London, Chicago
Reddit files to list IPO on NYSE under the ticker RDDT
  + stars: | 2024-02-22 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +6 min
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." The social networking company's core business is reliant on online advertising sales stemming from its website and mobile app. Reddit said the current addressable advertising market is $1.0 trillion, sans China and Russia. Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program."
Persons: Reddit, Pinterest, Alexis Ohanian, Steve Huffman, It's, DAUq, Condé Nast Organizations: Securities and Exchange Commission, New York Stock Exchange, P Global Market Intelligence, Google, eBay, . Publishing, Condé Locations: U.S, Reddit's U.S, China, Russia, Ukraine
Read on to find out how these trendsetters are transforming the art of data-driven customer experience. If you skip this essential step, it will lead to scalability problems when building out a customer engagement strategy. Day to day, he said that means a lot of brainstorming on new ways to approach customer experiences, managing and optimizing campaigns, developing and maintaining customer data, and managing a CRM. Corey recommends that leaders looking to implement data-driven customer engagement strategies invest resources early into building a cross-functional team focused on internal customer data. "When everyone is looking at customer experience through the same lens, it rapidly improves efficiency and collaboration," Corey said.
Persons: they've, Read, Alexandra Dimitriu Alexandra Dimitriu, Alexandra Dimitriu Alexandra, Alexandra, Brad Greene, Brad, Michaela Kron, Duolingo, Jordan Dietch Jordan Dietch, Jordan Dietch Jordan, he's, Jordan, Corey Egan Corey Egan, Corey Egan Orchard, Corey Organizations: Insider Studios Locations: MongoDB, Orchard
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