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Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. While Microsoft doesn't disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. In total, revenue at Azure increased 30% in the quarter, compared with 13% year-over-year growth at AWS. Microsoft has been adding graphics processing units (GPUs) to its data centers so that clients can run AI models in Azure. "We now have 53,000 Azure AI customers," CEO Satya Nadella told analysts on the company's earnings call.
Persons: Satya Nadella, Amy Hood, Microsoft's, OpenAI's ChatGPT, Jamin Ball, Andy Jassy Organizations: Economic, Amazon, Services, Microsoft, OpenAI, GPT, AWS Locations: Davos, Switzerland, Anthropic
Mark Kashef had long considered finance the most stable, lucrative field you could work in — until the release of ChatGPT. Kashef adds that, in the long term, he wouldn't be surprised if AI surpassed finance in terms of job opportunities and earning potential. AI brings new fears and opportunities for workersEconomists and HR experts say the future of the AI job market is bright — but its success isn't guaranteed. "If you look at the descriptions for AI job postings, many of the roles are still very exploratory, alluding to building or testing new products," Pollak says. Several industries outside of tech have demonstrated a clear, consistent interest in hiring for AI jobs, including retail, finance, health care and education, Pollak notes.
Persons: Mark Kashef, ChatGPT, Kashef, it's, wouldn't, , Julia Pollak, Pollak, Trey Causey, Causey, Ryan Sutton, Robert Half Organizations: Ottawa, Queen's University, Companies, Meta, Netflix, Amazon, Business Locations: , Kingston , Ontario, ODAIA, Toronto
Lumin Fitness, an AI-powered gym, opened its first studio in Texas last September. The gym features LED walls with motion sensors and includes classes led by personal AI trainers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, fitness enthusiasts can turn to AI — whether through coaching apps like Fitness AI or generative AI tools like OpenAI's ChatGPT— to meet their goals. One person asked ChatGPT to create a running routine and claimed he lost 26 pounds after following it.
Persons: , ChatGPT Organizations: Service, Business Locations: Texas
OpenAI CEO Sam Altman praised Apple's Vision Pro as the "second most impressive" tech since the iPhone. The Vision Pro, a mixed-reality headset, has the potential to usher in a new normal. AdvertisementSam Altman had high praise for Apple's Vision Pro this week, deeming the new spatial computer the "second most impressive" technology since the iPhone burst on the scene in 2007. The OpenAI CEO made the comments in a post on X on Friday, days after the Vision Pro officially hit the market for $3,500 each. In response to his Friday X post, another user suggested Vision Pro had a bad name.
Persons: Sam Altman, Apple's, ChatGPT, , Jordan Hart, Altman Organizations: Service, Apple's, Vision Pro, Business
SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Shares of SoftBank Group rose as much as 15.29% Friday morning, a day after the Japanese investment firm posted earnings that beat analysts' expectations. SoftBank's on Thursday posted its first quarterly profit following four quarters of losses, thanks to big gains at its Vision Fund. For the December quarter, SoftBank's net income was 950 billion Japanese yen ($6.36 billion), far exceeding LSEG estimates of 196.5 billion yen. Its flagship tech investment arm the Vision Fund booked investment gains of 600.7 billion Japanese yen, continuing a recovery after record losses in the previous fiscal year.
Persons: Masayoshi Son, SoftBank's, ChatGPT Organizations: Vision, Vision Fund, Nasdaq Locations: China
Aware's analytics tool — the one that monitors employee sentiment and toxicity — doesn't have the ability to flag individual employee names, according to Schumann. Speaking broadly about employee surveillance AI rather than Aware's technology specifically, Williams told CNBC: "A lot of this becomes thought crime." When including other types of content being shared, such as images and videos, Aware's analytics AI analyzes more than 100 million pieces of content every day. "It's always tracking real-time employee sentiment, and it's always tracking real-time toxicity," Schumann said of the analytics tool. Amba Kak, executive director of the AI Now Institute at New York University, worries about using AI to help determine what's considered risky behavior.
Persons: George Orwell, there's, Slack, Jeff Schumann, Schumann, Jutta Williams, Williams, chatbot, he's, Orwell, Rather, Amba Kak, Kak, they're Organizations: Istock, Microsoft, U.S, Walmart, Delta Air Lines, Mobile, Chevron, Starbucks, Nestle, AstraZeneca, CNBC didn't, Delta, CNBC, Humane Intelligence, Goldman Sachs Asset Management, Nationwide, CBS, Meta, New York University, Federal Trade Commission, Justice Department, Opportunity Commission Locations: Columbus , Ohio, Chevron, United States, Slack
OpenAI CEO Sam Altman is seeking trillions of dollars in investments to overhaul the global semiconductor industry, The Wall Street Journal reported. Altman could need to raise between $5 trillion and $7 trillion for the endeavor, The Wall Street Journal reported, citing one source. Nvidia has been the big moneymaker during the past year's generative AI boom, with its market cap more than tripling in 2023. Nvidia currently controls about 80% of that AI chip market with a current market cap of about $1.72 trillion, not far from overtaking tech giants like Amazon and Alphabet in market cap. Since then, OpenAI has announced a new board, including former Salesforce co-CEO Bret Taylor, former Treasury Secretary Larry Summers and Quora CEO Adam D'Angelo.
Persons: Sam Altman, Altman, OpenAI, OpenAI's ChatGPT, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Read Organizations: Street Journal, United, United Arab Emirates, CNBC, Nvidia, Fortune, Microsoft Locations: , United Arab
OpenAI wants to build a next-level personal assistant. The software is one of two AI agents the company is working on, The Information reported. AdvertisementOpenAI wants to build the ultimate personal assistant for the AI age. AdvertisementCEO Sam Altman has reportedly told some developers he wants to turn ChatGPT into a "supersmart personal assistant for work," a business move that may cause friction with partner Microsoft. Microsoft and Google have released early forms of AI agents for their respective workplace apps.
Persons: OpenAI, , Sam Altman, Mustafa Suleyman, Suleyman Organizations: Service, Microsoft, Google, CNBC, Business
Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Google also announced new ways for consumers to access the AI tool: As of Thursday, Android users can download a new dedicated Android app for Gemini, and iPhone users can use Gemini within the Google app on iOS. Likewise, chief executives at tech giants from Microsoft to Amazon underlined their commitment to building AI agents as productivity tools. Google's Gemini changes are a first step to "building a true AI assistant," Sissie Hsiao, a vice president at Google and general manager for Google Assistant and Bard, told reporters on a call Wednesday. Currently, though, the tools, including Gemini, are largely limited to tasks such as summarizing, generating to-do lists or helping to write code.
Persons: Bard, OpenAI's, Sundar Pichai, Pichai, Sissie Hsiao, There's, Google's Hsiao, Hsiao Organizations: Google, Bard, Microsoft, GE, Spotify, Pfizer, Gemini Locations: Korean
Google is renaming its AI assistant Bard to Gemini. It's also finally giving users access to Gemini Ultra, its most powerful AI model yet. "It's all sort of a clean-up and embracing of Gemini as our AI brand," Hsiao told BI on Wednesday. It's like, there's a Gemini model, but the product is Bard. A version of Gemini has powered the Bard chatbot since then, although Google stopped short of releasing the most powerful Gemini model, known as Ultra.
Persons: Bard, Gemini, It's, Sissie Hsiao, , Hsiao, Bard chatbot, OpenAI's ChatGPT, it's Organizations: Google, Gemini, Service, Business
(Reuters) -OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday. The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter. Altman's fundraising plans are aimed at solving constraints to OpenAI's growth, including the scarcity of artificial intelligence (AI) chips required to train large language models behind systems such as ChatGPT, the WSJ reported. War in Israel and Gaza View All 206 ImagesThe Semiconductor Industry Association (SIA) has forecast a 13.1% jump in global chip sales to $595.3 billion this year, compared with a drop of about 8% in sales in 2023. The amounts Altman has discussed are outlandishly large by the standards of corporate fundraising, the report added.
Persons: Sam Altman, Altman, Gnaneshwar Rajan, Rashmi Aich Organizations: Reuters, Wall Street, Microsoft, Semiconductor Industry Association, SIA Locations: UAE, Israel, Gaza, OpenAI, Bengaluru
Read previewMicrosoft's appears to be focusing its artificial intelligence efforts more on its AI companion Copilot over its revamped Bing search engine — and the tech giant's latest Super Bowl ad may be a sign of the company's changing priorities. On Wednesday, Microsoft revealed its Super Bowl ad for Copilot's standalone smartphone app that can answer user queries akin to OpenAI's ChatGPT. But viewers who've been following Microsoft's AI efforts may be wondering: what about Bing chat, the AI-powered search engine that the company launched months before Copilot? Bing, which added AI capabilities to its search engine last February, had around only 3% of the search market within that same time frame. Microsoft's shift from Bing to Copilot comes as the tech company seeks to integrate Copilot across its product lines.
Persons: , Bing, Yusuf Mehdi, . Bing, doesn't, We've, Mehdi, Microsoft didn't, Copilot, chatbot Organizations: Service, Microsoft, Business, Google, Excel Locations: .
Elon Musk's xAI thinks it can draw investors in with a unique selling point: the "Muskonomy." The AI company touted its access to Musk's companies in its pitch deck to investors, per Bloomberg. The deck cited Musk's track record and OpenAI's success as factors for investors to consider. AdvertisementElon Musk's AI startup, xAI, says investors should take a bet on the company because of its founder's track record as an entrepreneur. According to a pitch deck seen by Bloomberg, xAI was touting its access to Musk's network of companies, which it called the "Muskonomy."
Persons: Elon Musk's xAI, , Elon, xAI Organizations: Bloomberg, Service
Artificial intelligence took the investing world by storm in 2023, and was behind much of Big Tech's gains for the S & P 500. The S & P 500 jumped a whopping 24% or so last year, with much of the increase coming from the "Magnificent Seven." The health-care sector is one example it cited, with AI set to be used across multiple areas such as biopharma, medical devices and services. Over the long term, it will be integral to drug discovery and clinical trial design processes, Goldman said. Here are some names in its basket of long-term AI beneficiaries whose earnings per share Goldman said might get a boost from a rise in sales and margins.
Persons: Goldman Sachs, Goldman, ChatGPT, , haven't, CNBC's Michael Bloom Locations: Big
The OpenAI Startup Fund is a separate but related entity from OpenAI. The fund raised $175 million last year to invest in AI companies. It has since co-led investments in legal tech startup Harvey and Ambience Healthcare, among others. AdvertisementOpenAI's venture capital fund recently raised $10 million from two unnamed investors via a special purpose vehicle or SPV, according to an SEC filing. Since then, the fund has co-led a $80 million investment in legal tech startup Harvey and was part of a $70 million investment in Ambience Healthcare, among other deals.
Persons: Organizations: Service, SEC, Fund, Business
Jason Redmond | AFP | Getty ImagesWhen Satya Nadella replaced Steve Ballmer as Microsoft CEO in February 2014, the software company was mired in mediocrity. Many tech industry analysts and investors would say that, thanks largely to Nadella, Microsoft is now set up to be a powerhouse for the foreseeable future. In a 2020 interview, Pat Gelsinger, then CEO of VMware, said offering his company's software on Microsoft's Azure cloud was akin to a "Middle East peace treaty." Nadella is perhaps best known in the tech industry for pushing Microsoft deeper into cloud computing. While some in the younger generations have Microsoft software at work, it's not necessarily what they grew up using and may not be what they prefer.
Persons: Satya Nadella, Bing, Jason Redmond, Steve Ballmer, Aravind Srinivas, Jeff Bezos, Nadella, Aaron Levie, Levie, Larry Ellison, David Paul Morris, Pat Gelsinger, Michael Nathan, Nathan, he'd, He's, Nat Friedman, Friedman, Kevork Djansezian, Ballmer, Kevin Dallas, I've, Dallas, it's, Gen Z, OpenAI's, Commission's Lina Khan, Sam Altman, Altman, OpenAI isn't, hasn't, Jefferies Organizations: Microsoft, AFP, Getty, Apple, Google, Amazon, Oracle Corp, Oracle, Bloomberg, VMware, Intel, Linux, Ballmer, Los Angeles Clippers, Microsoft Corp, Nokia, Activision Blizzard, Adobe, Activision, Federal, U.S . Justice Department, CNBC Locations: Redmond , Washington, San Francisco, Microsoft's, Silicon Valley, Los Angeles , California, U.S, Europe
Generative AI Neural networks are the heart of the increasingly popular type of AI known as generative artificial intelligence , or gen AI for short. Both traditional AI and gen AI systems rely on data and can be used to automate decision-making tasks. Microsoft's AI virtual assistant Copilot — which went live in November — is perhaps the most prominent generative AI feature among our portfolio companies. Bias Bias is another downside to AI systems — and LLMs in particular — that users need to consider. While GPUs have the upper hand in AI training, CPUs are understood to perform AI inference well.
Persons: OpenAI's, , We've, that's, Chirag Shah, Shah, Mark Riedl, Bruce Springsteen, Einstein, Copilot —, Springsteen, OpenAI, it's, Riedl, Harry Potter, I've, ChatGPT, University of Washington's Shah, there's, he'd, Georgia Tech's Riedl, LLMs that's, Georgia Tech's, Meta, Grace Hopper Superchip, Jim Cramer's, Jim Cramer, Jim Organizations: Broadcom, Microsoft, Meta, Nvidia, Apple, Chirag, University of Washington, Google, Georgia Tech's School of Interactive Computing, YouTube, Netflix, Amazon, Facebook, Reuters, U.S, University of Washington's, OpenAI, New York Times, Club, Jim Cramer's Charitable, CNBC Locations: Silicon Valley, Barcelona, U.S, WhatsApp, Istanbul, Georgia
Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Josh Edelson | AFP | Getty ImagesShares of Facebook parent company Meta jumped Friday, after the firm reported a threefold jump in fourth-quarter profit and issued its first-ever dividend. First-ever dividendMeta said it would pay investors a dividend of 50 cents a share on March 26, in the company's first-ever cash dividend. Meta also announced a $50 billion share buyback. Ben Barringer, technology analyst at Quilter Cheviot, said this represented a "symbolic moment and indicates what a turnaround story Meta has been on since its struggles in 2022."
Persons: Mark Zuckerberg, Josh Edelson, Meta, Ben Barringer, Cheviot, Barringer Organizations: Meta, AFP, Getty, Facebook, Revenue, Investors, Microsoft Locations: Menlo Park , California, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOpenAI thinks there's only a slight chance that ChatGPT could be used to help create biological threats. Experts have warned that AI could be used to facilitate biological terror attacks, either by helping terrorists create biological and chemical weapons or by helping them plan their attacks. The GPT-4 group was given access to a research-only version of the model that, unlike ChatGPT, has fewer "security guardrails in place" it said. OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , there's, Dario Amodei, Mark Zuckerberg, OpenAI Organizations: Service, Business, Rand Corporation
An illustrative image of the Amazon shopping app seen on a mobile phone screen in front of an old, left, and a new, right, Amazon shopping app icon displayed on a screen. Amazon on Thursday announced a new artificial intelligence assistant for shopping called Rufus. Amazon has launched numerous generative AI tools and services in recent months, capitalizing on the hype sparked by OpenAI's ChatGPT. The company has tested AI tools to answer shoppers' questions and summarize reviews, as well as an AI feature to help third-party sellers write listings. Outside of its retail business, Amazon has introduced Q, a chatbot for businesses, and Bedrock, a generative AI service for cloud customers.
Persons: Rufus, Amazon, Andy Jassy, OpenAI's ChatGPT Organizations: Amazon Locations: U.S
(Photo by Joan Cros Garcia/Corbis via Getty Images)Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. The company told CNBC exclusively that its new advanced AI model, Decision Intelligence Pro, will allow banks to better assess suspicious transactions on its network in real-time and determine whether they're legitimate or not. Ajay Bhalla, Mastercard's president of cyber and intelligence business unit, told CNBC that the new AI solution is a proprietary recurrent neural network — a core part of generative AI — from Mastercard built from scratch by the company's cybersecurity and anti-fraud teams. "We are using the transformer models which basically help get the power of generative AI," Bhalla told CNBC in an exclusive interview earlier this week. Mastercard's proprietary algorithm is trained on data from the roughly 125 billion transactions that go through the company's card network annually.
Persons: Joan Cros Garcia, Corbis, Ajay Bhalla, Bhalla, we've, Organizations: MasterCard, Mobile, Congress, Getty, Mastercard, CNBC Locations: BARCELONA, SPAIN, Barcelona, Spain
Alphabet set to report fourth-quarter earnings after the bell
  + stars: | 2024-01-30 | by ( Ari Levy | ) www.cnbc.com   time to read: +4 min
Alphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes. Revenue: $85.33 billion, according to LSEG. $85.33 billion, according to LSEG. $8.94 billion, according to StreetAccount. Between 2015 and the end of 2021, revenue growth reached at least 15% in all but three quarters.
Persons: Sundar Pichai, Pichai, — CNBC's Jennifer Elias Organizations: Allen, Co . Media, Technology Conference, Google, Microsoft, Meta, YouTube, Amazon Web Services, KeyBanc, Markets, Tech, Apple Locations: Sun Valley , Idaho
Meta tried to use copyright law to get a version of its Llama AI model removed from GitHub. AdvertisementMeta argues strongly that copyright law shouldn't apply when online content is being used for free to build AI models. The takedown notice was submitted through the Digital Millennium Copyright Act, or DMCA, a law that extended the reach of copyright law for the internet age. A failed attemptMeta's attempt to get the early Llama model removed from the developer platform failed in the end. (Meta and Google have so far not weighed in on whether AI model outputs should be protected or not).
Persons: Meta, , Franklin Graves, Graves, GitHub Organizations: US, Service, Facebook, Big Tech, Microsoft, US Copyright Office, Copyright, Meta, US Copyright, Apple, Google Locations: GitHub
China is building its own AI at a rapid pace
  + stars: | 2024-01-30 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Chinese tech giants are racing to catch up with US firms like OpenAI in the AI arms race. Over 40 AI models have been approved for public use by the government, per local news reports. China has tight controls on AI , with tech companies required to "adhere to socialist values." Unlike their US rivals, Chinese companies that develop their own chatbots face political as well as technological challenges. That has meant that many of the country's most advanced AI models have a tendency to avoid sensitive topics, such as the status of Taiwan.
Persons: , Ernie, OpenAI's, Bytedance, China's, Ernie Bot Organizations: Service, Reuters, Baidu, Google, Apple, Huawei, Xiaomi, Bloomberg Locations: China, Taiwan
OpenAI said Monday that it's partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. Common Sense, a nonprofit focused on making technology safe and accessible to kids, has been working to develop an AI ratings and review system intended for parents, children and educators to better understand the technology's risks and benefits. In September, Craig Newmark Philanthropies, the Craigslist founder's philanthropic arm, said it contributed $3 million to help fund a Common Sense artificial intelligence and education initiative. OpenAI and Common Sense didn't say how LLMs will be tweaked to help aid educators or teens. Altman said LLMs customized for educational purposes could help teens "who want to learn about science or learn about biology."
Persons: Sam Altman, OpenAI, Jim Steyer, Altman, Craig Newmark Philanthropies, Newmark Organizations: Economic, Media, Craigslist, CNBC, Microsoft Locations: Davos, Switzerland, San Francisco
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