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☆ Meet Liam Fedus, the person responsible for getting OpenAI's new products out the door
▼ + stars: | 2024-10-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The post-training team is currently led by Liam Fedus, a researcher who helped develop ChatGPT. Fedus is the third person to lead the in the past six months. Among them is the post-training team, which is responsible for preparing AI models for wide release and has had three leaders in the past six months. Currently leading post-training is Liam Fedus , a machine learning researcher who was part of a group of researchers that developed ChatGPT. Fedus was also one of seven OpenAI researchers who developed a group of advanced reasoning models known as Strawberry .

Persons: Liam Fedus, Fedus, —, Barret Zoph, Mira Murati, Bob McGrew ., Miles Brundage, It's, Sam Altman, Zoph, John Schulman, Anthropic, OpenAI Organizations: Service, MIT Technology, MIT, Fidelity, UC San Diego, collider, University of Montreal, Google, OpenAI Locations: OpenAI, Switzerland

☆ Be mean to me, ChatGPT: People are turning to AI chatbots for 'tough love' and motivation
▼ + stars: | 2024-10-25 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

One of my close friends really loves ChatGPT and uses it all the time. Typically she's asking the AI chatbot questions like "Should I buy this skirt or this dress, and which one am I likely to wear more often?" It turns out that they're not the only ones turning to ChatGPT for some tough love. More and more users seem to be asking for advice that will hurt their feelings enough to motivate them. "But some people are more familiar with the tough love approach.

Persons: she's, ChatGPT, they're, Molly Burrets, It's, Burrets, what's

The lawsuit, which was filed Tuesday in U.S. District Court in Orlando, accuses Character.AI of negligence, wrongful death and survivorship, as well as intentional infliction of emotional distress and other claims. A screenshot of what the lawsuit describes as Setzer’s last conversation shows him writing to the bot: “I promise I will come home to you. That’s not a good reason not to go through with it,” the lawsuit claims. Character.ai said in a blog post published Tuesday that it is introducing new safety measures. Setzer had also been conversing with other chatbot characters who engaged in sexual interactions with him, according to the lawsuit.

Persons: Character.ai, Megan Garcia’s, Sewell Setzer, Setzer, Daenerys Targaryen, Dany, ”, ” Setzer, “, That’s, Character.AI, Barnes, roleplayed, Sewell, Noam Shazeer, Daniel De Freitas, De Freitas, Matthew Bergman, Garcia, ” Bergman Organizations: Prevention, Technologies, Google, Alphabet Inc Locations: Florida, U.S, Orlando, California, Sewell, seductively

☆ Apple releases new preview of its AI, including ChatGPT integration
▼ + stars: | 2024-10-23 | by ( Kif Leswing | ) www.nbcnews.com time to read: +3 min

Apple on Wednesday released a beta version of a slew of Apple Intelligence features, including its long-awaited ChatGPT integration. The preview included with iOS 18.2 contains:New abilities to describe how the user wants Apple Intelligence to rewrite a chunk of text. At the company’s developer conference, Apple showed how the ChatGPT integration will work. Apple execs have also suggested that other AI models, such as those from Google, may also integrate with Apple Intelligence in the future. Some Apple Intelligence features are already in testing by the public, and will be released next week as part of iOS 18.1.

Persons: Apple, Siri, OpenAI’s chatbot, ChatGPT, Sam Altman, OpenAI, Apple execs Organizations: Apple, Apple Intelligence, ChatGPT, Visual Intelligence, Microsoft, Google, iOS

☆ 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

☆ ChatGPT can be tricked into telling people how to commit crimes, a tech firm finds
▼ + stars: | 2024-10-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —ChatGPT can be duped into providing detailed advice on how to commit crimes ranging from money laundering to the export of weapons to sanctioned countries, a tech startup found, raising questions over the chatbot’s safeguards against its use to aid illegal activity. Norwegian firm Strise ran experiments asking ChatGPT for tips on committing specific crimes. And in another experiment, run earlier this month, ChatGPT produced lists of methods to help businesses evade sanctions, such as those against Russia, including bans on certain cross-border payments and the sale of arms. Strise sells software that helps banks and other companies combat money laundering, identify sanctioned individuals and tackle other risks. “It’s like having a corrupt financial adviser on your desktop,” Rødevand said on the company’s podcast last month, describing the money laundering experiment.

Persons: London CNN —, Strise, ChatGPT, Handelsbanken, Marit Rødevand, Strise’s, ”, OpenAI, “, Rødevand, “ We’re, Europol, Olesya Dmitracova Organizations: London CNN, Strise, CNN, Russia Locations: Russia, Nordic, Norway

☆ Amazon-backed Anthropic debuts AI agents that can do complex tasks, racing against OpenAI, Microsoft and Google
▼ + stars: | 2024-10-22 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Anthropic, the Amazon-backed AI startup founded by former OpenAI research executives, announced Tuesday that it's reached an artificial intelligence milestone for the company: AI agents that can use a computer to complete complex tasks like a human would. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. Amazon had early access to the tool, Anthropic told CNBC, and early customers and beta testers included Asana, Canva and Notion. The company has been working on the tool since early this year, according to Kaplan. Anthropic said that future consumer applications include booking flights, scheduling appointments, filling out forms, conducting online research and filing expense reports.

Persons: it's, Claude —, Jared Kaplan, Anthropic, Kaplan, Claude Organizations: Microsoft, Meta, CNBC

The parent company of TikTok says it has dismissed an intern that it found to have "maliciously interfered" with its artificial intelligence technology effort. In a statement in Chinese released Monday, the parent company, ByteDance, said the intern in question had committed a "serious violation" against its commercial technology team's "research project." In particular, the intern's actions affected ByteDance's AI training program, the company said. In the AI world, companies attempt to program an AI application by "training" it on vast amounts of data to recognize patterns, understand context, and make decisions — in other words, "learn." It is not clear what aspect of the AI model the intern is accused of interfering with.

Persons: ByteDance, Donald Trump, Kamala Harris, Trump, Harris Organizations: NBC News, Facebook Locations: TikTok, China

☆ Rupert Murdoch’s news outlets sue Perplexity AI for allegedly engaging in ‘massive freeriding’
▼ + stars: | 2024-10-21 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —Rupert Murdoch’s Dow Jones, the parent company of the Wall Street Journal, and the New York Post sued Perplexity on Monday, accusing the generative AI company of illegally scraping its reporting and diverting traffic to its own platforms. The News Corp-owned companies accused Perplexity of training its so-called answer machine with copyrighted material, using scraped human-created news content to generate responses to users’ questions, allowing them to circumvent the publishers’ websites. “Perplexity proudly states that users can ‘skip the links’ — apparently, Perplexity wants to skip the check.”A Perplexity spokesperson did not immediately respond to a CNN request for comment. Earlier this year, News Corp inked a massive deal with ChatGPT creator OpenAI, licensing its news content in an agreement reported to be worth more than $250 million. The Times also sued OpenAI last year for copyright infringement, accusing the company of using its reporting to train its chatbots without permission, claiming billions of dollars in damages.

Persons: Rupert Murdoch’s Dow Jones, Perplexity, Robert Thomson, ” Thomson, “ Perplexity, —, OpenAI, Thomson, Sam Altman, “, ” Organizations: New, New York CNN, Wall Street Journal, New York Post, News Corp, CNN, Corp, Artificial Intelligence, New York Times, Times Locations: New York

☆ X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms
▼ + stars: | 2024-10-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —When X unveiled its newest terms of service, which go into effect on November 15, users quickly picked up on one change. Using content to train AI has become a major issue as the technology booms. On X, artists and others in creative roles are fretting about their work being used – not just on X – to train computers that could someday replace human creators entirely. Other X users say they are concerned about personal information in their tweets being used that way. X’s terms said any users who continue to use their products or services on or after November 15 would be agreeing to the updated terms.

Persons: X, ”, Alex Fink, Fink, CNN’s Clare Duffy Organizations: New, New York CNN, Services, Musk, Court, Northern, Northern District of, Companies, Google, Microsoft, CNN Locations: New York, Northern District, Northern District of Texas, Tarrant County , Texas, Tarrant, Austin , Texas

☆ 10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
▼ + stars: | 2024-10-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A slew of Wall Street analysts last week turned even more bullish on three stocks ahead of their quarterly earnings reports. CNBC Pro screened for stocks in the MSCI World Index that have received share price target upgrades from Wall Street analysts over the past seven days. Despite raising their price target, Phillip Capital analysts have a "neutral" rating on the stock. The median price target of 17 analysts points to 18% upside potential. The company's share price is correlated to the price of gold , and also copper to a lesser degree.

Persons: Barrick, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Helena Wang Organizations: Street, Ltd, Barrick Gold, CNBC Pro, Wall Street, Facebook, Research, Limited, New York Stock Exchange, Phillip Capital Locations: U.S, Singapore, SeaMoney, Canada

☆ Don't 'demean' Tesla's bots, even if they were piloted by humans, Nvidia robotics boss says
▼ + stars: | 2024-10-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.

Persons: Lebaredian, —, Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ The latest AI trend is asking ChatGPT to tell you something about yourself that you might not know
▼ + stars: | 2024-10-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

ChatGPT users are asking the AI to reveal any personal traits it's gleaned from their past conversations. The ChatGPT responses posted by people online revealed long, detailed analyses that pointed out traits from users' "thoughtful approach to conversations" or ability to "blend curiosity with analysis." AdvertisementSome ChatGPT users suggested follow-up questions for the AI that might result in a less complimentary response. One person on X suggested asking ChatGPT to give them "the real talk," and another on Reddit, for a similar prompt, suggested telling the bot to "play devil's advocate." The viral prompt suggests that many people are getting comfortable talking to AI and asking it personal questions.

Persons: —, Tom Morgan, Sam Altman, ChatGPT Organizations: Service

☆ 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

☆ Jim Cramer expects Nvidia-led chip rally to continue as bull market enters third year
▼ + stars: | 2024-10-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Monday marked the two-year anniversary of the current bull market with an ode to Nvidia and the U.S. semiconductor industry. "We have a remarkable semiconductor rally, and it is at the heart of this market," Cramer said on "Squawk on the Street." Broadcom helps tech heavyweights, most notably Alphabet-owned Google , design specialty AI chips and also provides other products used inside data centers. NVDA .SPX mountain 2022-10-12 Nvidia's stock performance compared with the S & P 500 during the two-year bull market, which began on Oct. 12, 2022. "Amazon is the company that Jensen kept referencing to me as a great friend," said Cramer, whose Trust also owns Amazon stock.

Persons: CNBC's Jim Cramer, Cramer, Dell, Jensen Huang, Jensen Organizations: Nvidia, Micro Computer, Broadcom, Cramer's Charitable Trust, CNBC, Club, Micro, Arista Networks, Dell Technologies, Arista, Facebook, Meta, Amazon Web Locations: U.S, Cramer's

☆ Jensen Huang hails Elon Musk and xAI for building an AI supercomputer at 'superhuman' speed
▼ + stars: | 2024-10-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Nvidia's Jensen Huang praised Elon Musk for building a supercomputer cluster in "19 days." AdvertisementNvidia chief Jensen Huang has praised Elon Musk after his startup xAI built a supercomputer in 19 days, an effort that he said would take others years. xAI built its supercomputer, called Colossus, from a cluster of 100,000 Nvidia H100 GPUs. In an interview with Jordan Peterson on X in June, Musk said it took 19 days to get Colossus from hardware installation to beginning training. Nvidia and Elon Musk didn't immediately respond to requests for comment from Business Insider, made outside normal working hours.

Persons: Nvidia's Jensen Huang, Elon Musk, Huang, —, Jensen Huang, Elon, Musk, Jordan Peterson, X, xAI, Larry Ellison, Elon Musk didn't Organizations: Nvidia, Service, Oracle, Elon, Business Locations: Memphis, Grok, Nobu, Palo Alto

☆ Why The New York Times' lawyers are inspecting OpenAI's code in a secretive room
▼ + stars: | 2024-10-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Lawyers for The New York Times are poring through ChatGPT's source code and training material. It is there to be inspected by lawyers for The New York Times. The Times' lawyers can share their notes with up to five outside consultants to help them understand what the code does. That text includes stories from The New York Times, articles from other publications, and an untold number of copyrighted books. OpenAI similarly used high-quality, well-researched, well-written, and fact-based New York Times articles to make ChatGPT so impressive, the Times argues.

Persons: morass, —, Sam Altman, Susman Godfrey, Mother Jones, George RR Martin, Jodi Picoult, Nehisi Coates, Kristelia García, Axel Springer, García, OpenAI, Justin Nelson, Godfrey, Nelson, Daniel Ek, Sean Parker, Matthew Sag, poring, Christa Laser Organizations: The New York Times, Service, Times, Publishers, Fox News, The New York Daily News, Georgetown University Law, Business, New York Times, Microsoft, Napster, Anthropic, OpenAI, Spotify, Emory University, America, Cleveland State University Locations: United States, Manhattan

☆ Jim Cramer says AMD's slide could be an opportunity — plus, a defense of Salesforce
▼ + stars: | 2024-10-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 's record close set Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Salesforce, Piper Sandler, Laggard, Analysts, It's, Piper, Salesforce's, Lisa Su, Su, Jim, Jim Cramer's Organizations: CNBC, ., CRM, Nvidia, AMD, AMD's, UBS, Broadcom, JPMorgan Chase, BlackRock, Bank of New York Mellon, PPI, Jim Cramer's Charitable Locations: China, Wells Fargo

☆ One of Amazon's top AI executives is out
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Matt Wood, the vice president of AI at Amazon Web Services, is leaving after 15 years. Wood's departure comes amid fierce AI competition from Microsoft, Google, and OpenAI. AdvertisementMatt Wood, the vice president of artificial intelligence at Amazon Web Services, is leaving. He worked on AWS's machine-learning and AI technology, laying some of the groundwork for the company's latest growth initiatives. Related storiesIt's also the latest exit amid AWS's notable executive turnover in recent years.

Persons: Matt Wood, —, Wood, he's, didn't, It's, Adam Selipsky, Matt Garman, Richard Puccio, Rachel Thornton, Chris Vonderhaar Organizations: Amazon Web, Microsoft, Google, AWS, Service Locations: Amazon

☆ 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

☆ HSBC exec says there's a lot of AI 'success theater' happening in finance
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.

Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London

☆ How to Say No to Our A.I. Overlords
▼ + stars: | 2024-10-09 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Big tech brands like Google, Apple, Microsoft and Meta have all unleashed tech that they describe as artificial intelligence. Soon, the companies say, we’ll all be using A.I. The companies rely on user activity to train and improve their A.I. systems, so they are testing this tech inside products we use every day. And whenever you use the search tool inside Instagram, you may now be interacting with Meta’s chatbot, Meta AI.

Persons: A.I, Meta’s chatbot Organizations: Google, Apple, Microsoft, Meta, Apple Intelligence

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