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Marc Benioff called for greater public trust in AI in a panel at the World Economic Forum. The Salesforce CEO said he wants people to trust AI — unlike social media over the past decade. Winning public trust in AI will require greater regulation, Benioff said. Benioff also said that social media has been a "shit show," adding: "It's pretty bad — we don't want that in our AI industry." OpenAI CEO Sam Altman spoke at the World Economic Forum in Davos, Switzerland.
Persons: Marc Benioff, Benioff, , Salesforce, Sam Altman, FABRICE COFFRINI, OpenAI, Altman, wasn't, Einstein, Salesforce didn't Organizations: Economic, Service, CNBC, Bloomberg, Business Locations: Davos, Switzerland, OpenAI
Nvidia and AMD shares hit record highs on AI chip surge
  + stars: | 2024-01-18 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
AMD and Nvidia hit all-time highs on Thursday as investors continue to clamor for shares of the companies building chips that power artificial intelligence. AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 in which AMD shares popped 127.6% and Nvidia stock rocketed 238.8%. Analysts also see AMD improving its AI software, eliminating one major reason why Nvidia chips were preferred over AMD's. On Thursday, Taiwan Semiconductor Manufacturing Company , which manufactures Nvidia and AMD chips, reported better-than-expected sales.
Persons: Jensen Huang, they're, C.C, Wei, Goldman Sachs, Toshiya Hari, Mark Zuckerberg Organizations: Nvidia, AMD, Investors, Taiwan Semiconductor Manufacturing Company, Meta
DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.
Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, , OpenAI, Klaus Schwab quizzed, Li Qiang, , Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, , European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island
OpenAI announces first partnership with a university
  + stars: | 2024-01-18 | by ( Hayden Field | ) www.cnbc.com   time to read: +3 min
OpenAI on Thursday announced its first partnership with a higher education institution. Starting in February, Arizona State University will have full access to ChatGPT Enterprise and plans to use it for coursework, tutoring, research and more. With the OpenAI partnership, ASU plans to build a personalized AI tutor for students, not only for certain courses, but also for study topics. The access to ChatGPT Enterprise means students will no longer be limited by usage caps. OpenAI and ASU's joint release specified that any prompts the ASU community inputs into ChatGPT "remain secure," and that OpenAI "does not use this data for its training models."
Persons: Lev Gonick, Gonick, Brad Lightcap, OpenAI Organizations: Arizona State University, ChatGPT Enterprise, ASU, OpenAI's, CNBC, ChatGPT, CNBC PRO Locations: Seattle , Los Angeles and New York
Some CEOs expect at least a five percent reduction in employees in 2024 thanks to AI, PwC found. Leaders in media, banking, and insurance are most likely to expect AI job replacement, study shows. Workers should learn how to use AI on the job to reduce company costs, PwC's AI lead told BI. When it comes to generative AI, many CEOs said they see adopting the technology as an opportunity to increase revenues and boost efficiency. "Some of those efficiency benefits appear likely to come via employee headcount reduction — at least in the short term — with one-quarter of CEOs expecting to reduce headcount by at least 5% in 2024 due to generative AI," PwC said.
Persons: PwC, , Bret Greenstein, Greenstein, Goldman Sachs, Kristalina Georgieva Organizations: Workers, Service, The Conference Board
Read previewMustafa Suleyman, the cofounder of DeepMind, Google's AI division, says that AI will be able to create and run its own business within the next five years. During a Thursday panel on AI at the 2024 World Economic Forum, the now-CEO of Inflection AI was asked how long it would take for AI to pass an exam akin to the Turing test. He seems to believe that AI will be able to exhibit those business-savvy capabilities before 2030— and inexpensively. Earlier this week, Suleyman told CNBC at Davos that AI is a "fundamentally labor-replacing" tool in the long term. Advertisement"It will be able to reason over your day, help you prioritize your time, help you invent, be much more creative," Suleyman told CNBC.
Persons: , Mustafa Suleyman, Turing, Suleyman, Suleyman didn't Organizations: Service, Business, CNBC, Davos Locations: Davos, Switzerland
Mustafa Suleyman said the issue of AI replacing workers is an "open question" in the long term. The Google DeepMind cofounder said AI is a "fundamentally labor-replacing" tool in a CNBC interview. Since ChatGPT launched in 2022, there has been growing concern about AI technology. AdvertisementGoogle DeepMind's cofounder Mustafa Suleyman said AI is an "incredible technology" but that it is a "fundamentally labor-replacing" tool in the long-term, in an interview with CNBC's Squawk Box at the World Economic Forum in Davos on Wednesday . AdvertisementSome workers are concerned that AI will make their jobs obsolete because it can perform tasks like writing and coding .
Persons: Mustafa Suleyman, ChatGPT, , CNBC's, Suleyman, OpenAI's ChatGPT, there's, Erik Brynjolfsson Organizations: Google, CNBC, Service, Economic, Business, Stanford University Locations: Davos
Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was "wild," and he felt "super confused" and was "super caught off guard." "I have no equity in OpenAI," Altman said in a May Senate hearing on artificial intelligence. Between the board and the non-profit sits a capped-profit company dubbed OpenAI Global, which Microsoft inked a $10 billion investment deal with in January last year. There are also a few other entities, including a holding company, that comprise the somewhat convoluted organization behind the biggest name in generative AI tech.
Persons: Sam Altman, Switzerland —, " Altman, Altman, , Altman's, John Kennedy Organizations: Bloomberg House, Economic, OpenAI's, OpenAI Inc, OpenAI, Microsoft Locations: Davos, Switzerland, DAVOS, OpenAI
"I mean, I'm wrapping it up," Stone told Altman. Makanju told Stone that OpenAI's staff had been caught off guard by the news that Altman was out. We were all on Friday, preparing to have a restful week after an insane year," Makanju told Stone. "The only comparable set of life experience I had, and that one was, of course, much worse, was when my dad died," Altman told Noah. Representatives for Altman did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Sam Altman, OpenAI . Altman, Anna Makanju, Brad Stone, Stone, Makanju, Altman, Anna, gesturing, Trevor Noah, Noah Organizations: Service, OpenAI, Business, Business Insider Locations: Davos, Makanju
But the popular chatbot is particularly useful for workers in three specific industries, according to OpenAI CEO Sam Altman. It's massively deployed and at scaled usage, at this point," Altman said during a recent episode of "Unconfuse Me," a podcast hosted by Bill Gates. Altman, whose company makes ChatGPT, made a point of noting that today's AI systems "certainly can't do [those] jobs" for you. CodingChatGPT can help programmers finish their work as much as three times faster than usual, Altman said. Some educators have worried that tools like ChatGPT could make it easier for students to cheat on assignments.
Persons: ChatGPT, Sam Altman, Altman, Bill Gates, OpenAI, Coders, coders, Gates, Dr, Tovah Klein, Healthcare OpenAI's chatbot, Jesse Ehrenfeld Organizations: Healthcare, Stanford, University of California, Educational, AIs, ASU, GSV, Barnard College, CNBC, American Medical Association Locations: Berkeley, San Diego
By demanding more power at Tesla, Elon Musk has effectively issued an ultimatum. AdvertisementElon Musk has issued an ultimatum to Tesla's board: hand over control of 25% of the votes, or he'll put the brakes on AI development. Musk claims the board has been delaying updating his compensation package until the court decides on a verdict. If the plan is rejected, it could be complicated for the board to give Musk what he wants. As Ives notes: "Musk is Tesla and Tesla is Musk."
Persons: Elon Musk, , he'll, Wedbush's Dan Ives, Tesla, Musk, Ives, xAI, Google's Bard, OpenAI's Organizations: Tesla, Service, EV Locations: Delaware
Sam Altman has a huge task in Davos: convince leaders he won't repeat Facebook's election mistakes. OpenAI has outlined its plan to prevent tools like ChatGPT from being used to interfere with elections. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The fretful among them will have a much more pressing question to ask: what's his plan to avoid Mark Zuckerberg election mistakes ? In the wake of the 2016 election, Zuckerberg dismissed the suggestion that Facebook influenced the vote as a "pretty crazy idea."
Persons: Sam Altman, OpenAI, , Mark Zuckerberg, Zuckerberg, Altman, Meta's Mark Zuckerberg, Chip Somodevilla, ChatGPT, Joe Biden Organizations: Service, World Economic, Facebook, Republicans Locations: Davos, Swiss, Russia
OpenAI quietly removes ban on military use of its AI tools
  + stars: | 2024-01-16 | by ( Hayden Field | ) www.cnbc.com   time to read: +2 min
Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. OpenAI has quietly walked back a ban on the military use of ChatGPT and its other artificial intelligence tools. The shift comes as OpenAI begins to work with the U.S. Department of Defense on AI tools, including open-source cybersecurity tools, Anna Makanju, OpenAI's VP of global affairs, said Tuesday in a Bloomberg House interview at the World Economic Forum alongside CEO Sam Altman. The news comes after years of controversy about tech companies developing technology for military use, highlighted by the public concerns of tech workers — especially those working on AI. Workers at virtually every tech giant involved with military contracts have voiced concerns after thousands of Google employees protested Project Maven, a Pentagon project that would use Google AI to analyze drone surveillance footage.
Persons: Sam Altman, OpenAI, Anna Makanju, OpenAI's, Makanju, Maven Organizations: Bloomberg House, Economic, U.S . Department of Defense, Bloomberg, Workers, Google, Pentagon, Microsoft, CNBC PRO Locations: Davos, Switzerland
Li Qiang, China's premier, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Bloomberg | Bloomberg | Getty ImagesChinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries. "Scientific and technological fruits should benefit humanity as a whole, instead of becoming a means to restrict or contain the development of other countries," Li added, calling for "more open measures." watch nowFollowing his speech, Li spoke about the risks and opportunities of generative AI, such as ChatGPT, in a brief question-and-answer session with World Economic Forum Founder Klaus Schwab. Li met with Swiss President Viola Amherd ahead of the Davos conference and is set to visit Ireland later in the week.
Persons: Li Qiang, Li, Klaus Schwab, ChatGPT, , multilateralism, Viola Amherd Organizations: Economic, Bloomberg, Getty Images, Baidu, Swiss, Davos, Ireland, Monday Locations: Davos, Switzerland, Beijing, Washington, U.S, China, Swiss
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. OpenAI CEO Sam Altman says concerns that artificial intelligence will one day become so powerful that it will dramatically reshape and disrupt the world are overblown. "It will change the world much less than we all think and it will change jobs much less than we all think," Altman said at a conversation organized by Bloomberg at the World Economic Forum in Davos, Switzerland. "Yes, for sure, I think that's something to think about," Altman said. WATCH: OpenAI, Microsoft and NYT will likely reach a settlement
Persons: Sam Altman, Altman, OpenAI's, StrictlyVC, Donald Trump's Organizations: Hope, Bloomberg, Economic, Microsoft, Iowa Republican Locations: Atlanta , Georgia, Davos, Switzerland, Iowa, OpenAI
Read previewMicrosoft is ready to offer you a personal AI buddy — if you're willing to pay. The Redmond tech giant is rolling out its "everyday AI companion," called Copilot, to both individuals and small and medium-sized businesses through paid subscription services. On one level, Copilot is a generative AI tool integrated into Microsoft's suite of apps: think Word, Excel, PowerPoint, Outlook and Teams. Divya Kumar, Microsoft's search and AI marketing chief, told Business Insider there's a simple reason to pay: to get priority access to the best AI models. In a demo, Kumar used Outlook to show how Copilot could help save time on emails.
Persons: , Bill Gates, Bennett Raglin, Gates, ChatGPT, Satya Nadella, Stephen Brashear, Divya Kumar, OpenAI, Kumar, It's Organizations: Service, Redmond, Business, Microsoft, Getty
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Florida, on Sept. 26, 2023. Amazon is rolling out an artificial intelligence tool that can answer shoppers' questions about a product, a spokesperson confirmed, as the company continues to experiment with generative AI. It then returns an answer within a few seconds, primarily by summarizing information collected from product reviews and the listing itself. The feature could keep shoppers from scrolling through pages of reviews or reading through a listing to find information about a product. The tool is designed not to veer off subject, and will return an error message if it can't answer questions such as, "Who is Jeff Bezos?"
Persons: We're, Maria Boschetti, OpenAI's, Yoda, Jeff Bezos Organizations: Miami International Airport, Amazon, Star Wars, Marketplace Locations: Miami, Miami , Florida
The steps will apply specifically to OpenAI, only one player in an expanding universe of companies developing advanced generative AI tools. Starting “early this year,” OpenAI said, it will digitally watermark AI images created using its DALL-E image generator. “Will there be items that slip through the cracks?”OpenAI's ChatGPT and DALL-E are some of the most powerful generative AI tools to date. But there are many companies with similarly sophisticated technology that don't have as many election misinformation safeguards in place. OpenAI CEO Sam Altman said that even with all of his company’s safeguards in place, his mind is not at ease.
Persons: , OpenAI, ” OpenAI, Mekela Panditharatne, , ChatGPT, , Darrell West, Sam Altman, “ We’re Organizations: San, National Association of, State, Brennan Center for Justice, YouTube, Meta, Center for Technology Innovation, Bloomberg, Economic, Associated Press, AP Locations: San Francisco, U.S, Davos, Switzerland
Marc Andreessen thinks student loan borrowers who received loan forgiveness are akin to companies and banks that got government bailouts rescuing them from bankruptcy. In a two-hour podcast titled "Crisis in Higher Ed & Why Universities Still Matter," published by his firm Andreessen Horowitz, Andreessen took issue with people having some or all of their outstanding student debt erased in actions by the Biden administration. Andreessen Horowitz is a major SVB customer, and the bank also invested billions in the firm's funds. The Biden Administration also had a broader student debt relief plan struck down by the US Supreme Court last year, and it has moved forward with targeted relief programs based on specific borrower criteria. In response to Andreessen's issue with student loan forgiveness, A16z cofounder Ben Horowitz responded with the argument that, although the action provides relief for some, it does not address "the real issue."
Persons: Marc Andreessen, Andreessen Horowitz, Andreessen, Biden, they've, wouldn't, Ben Horowitz, Horowitz, they'll, That's, A16z Organizations: Service, Business, Legal, Bank, Federal Deposit Insurance Corporation, Biden Administration, US
Satya Nadella said he's "not interested" in a seat on OpenAI's board. "I'm comfortable, I have no issues with any structure, what we just want is good stability and as I said we don't even need, I'm not interested in a board seat," he said. The comments come after a tumultuous week at OpenAI in November in which CEO Sam Altman was ousted, only to return a week later. AdvertisementThe Microsoft chief doubled down on his comments regarding an OpenAI board seat: "It doesn't matter to me right, I mean the board seat is not the critical path at all for us." Microsoft didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Satya Nadella, I'm, Sam Altman, Altman, Nadella Organizations: Service, Bloomberg, Economic, Microsoft, Business, OpenAI, Markets Authority, European Commission, EU, Apple Locations: Davos, OpenAI
GPT Store is playing host to several "girlfriend" bots, despite explicit rules against them. OpenAI launched the hotly anticipated marketplace on Wednesday. First announced two months ago, the store is a marketplace for AI apps built with OpenAI's technology. Analysis from Quartz showed, however, that searching for "girlfriend" on the company's new marketplace brings up at least eight of the romantic AI chatbots. Examples found by the outlet included "Korean Girlfriend," "Virtual Sweetheart," "Your girlfriend Scarlett," and "Your AI girlfriend, Tsu✨."
Persons: OpenAI, , Scarlett, Tsu Organizations: Service
The site has been playing host to items with names such as, "I cannot fulfill this request as it goes against OpenAI use policy." This story is available exclusively to Business Insider subscribers. One dresser previously listed on Amazon was called, "I'm sorry but I cannot fulfill this request it goes against OpenAI use policy. AdvertisementAnother listing, which appears to be a piece of hose, is titled: "I apologize, but I cannot complete this task it requires using trademarked brand names which goes against OpenAI use policy." Representatives for Amazon and OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , OpenAI Organizations: Service, Business, Amazon
DAVOS, Switzerland (AP) — The Earth is heating up, as is conflict in the Middle East. They'll be among more than 2,800 attendees, which also include academics, artists and international organization leaders. OpenAI chief Sam Altman will be in Davos along with top executives from Microsoft, which helped bankroll his company's rise. TRYING AGAIN TO SAVE THE PLANETOf all the lofty hopes in Davos, the perennial one of late has been the search for creative and promising ways to fight climate change. “Davos is a powerful combination potentially, of a lot of concern about the environment, and a lot of high-powered finance present,” she said.
Persons: Isaac Herzog, Volodymyr Zelenskyy, They'll, Bronwen Maddox, Israel's, Herzog, Benjamin Netanyahu's, , Sam Altman, Vladimir Putin, Li Qiang, Ursula von der Leyen, Joe Biden's, Jake Sullivan, Emmanuel Macron, Antony Blinken, Javier Milei, Donald Trump —, Biden, John Kerry, Chatham House's Maddox Organizations: Young Swiss Socialists, Chatham House, Intelligence, Microsoft, European Commission, Chatham, Locations: DAVOS, Switzerland, Russia, Davos, Chatham, Gaza, Yemen, Qatar, Jordan, Lebanon, China, U.S, Dubai, “ Davos
Microsoft said on Tuesday that small businesses can now subscribe to its Copilot virtual assistant in the company's productivity apps. And consumers who pay for the Microsoft 365 software can sign up for a new paid version of Copilot. But those who pay for Microsoft 365 Personal and Family subscriptions haven't been able to use it in Word, Excel, Outlook and other apps. Those with Copilot Pro receive "priority access to the very latest models — starting today with OpenAI's GPT-4 Turbo," Mehdi wrote. "Whether you need advanced help with writing, coding, designing, researching or learning, Copilot Pro brings greater performance, productivity and creativity," Mehdi wrote.
Persons: chatbot, Satya Nadella, Nadella, Yusuf Mehdi, Microsoft's, haven't, OpenAI's, Mehdi, Melius, Ben Reitzes Organizations: Microsoft, Investors, Google, Apple, Microsoft's Ignite, Windows, Bing, Copilot Locations: Seattle, copilot.microsoft.com
The small Swiss Alpine town is again playing host to the World Economic Forum (WEF), where the world's top brass in finance and politics convene each year to try to solve the biggest problems that plague our planet. But the long and winding road to Davos offers another lesser-known benefit, which makes the lengthier commute well worth the while. Here's what was overheard on the connecting trains from Zurich Airport to Davos Platz. OpenAI's media representative declined CNBC's request to interview Altman in Davos, citing a "tight" schedule. One Davos attendee noted their company was in the IP space and had just raised this summer, because "the rights issue is so complicated."
Persons: MacKenzie, OpenAI, Sam Altman, Davos MacKenzie Sigalos, Altman, Marc Benioff, Albert Bourla, reminisced, Sting Organizations: Volvo, Economic, Zurich Airport, Davos Platz, Swiss National Railway, Microsoft, Pfizer, The New York Times, Switzerland Cantonal Police, Disney, Landquart Locations: DAVOS, Switzerland, Manhattan, Scalettastrasse, Davos, Swiss, Zürich, Zurich, Zürich Hauptbahnhof, Saudi Arabia, Grisons, Brazil
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