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"There is a misconception about how easy it is to run mature, enterprise-ready, generative AI," said Stela Solar, Inaugural Director at Australia's National Artificial Intelligence Centre in the survey report. Meanwhile, 56% of the respondents said their IT investment budgets, in general, were a limiting factor in rolling out generative AI. Other barriers to generative AI adoption according to the survey respondents included the lack of relevant generative AI skills. Disruptors versus the disruptedStill, the survey reflected overall positive sentiments about the future role of generative AI in business. While six of 10 respondents expect generative AI to substantially disrupt their industry in the next five years, 78% see it as a competitive opportunity.
Persons: skilling, Chris Levanes, Laurence Liew, Geraldine Kor Organizations: Istock, MIT Technology, Telstra, Artificial Intelligence, South, MIT, Singapore, Telstra International Locations: Australia, South Asia, Singapore
Tim Cook has tried to reassure shareholders the company is committed to AI innovation. A shareholder told The Wall Street Journal Apple hadn't made a "big splash," in the space, however. AdvertisementApple is moving more slowly on developing generative AI products than some of its Big Tech peers, leaving investors wondering when, or if, it will go all in on the technology. AdvertisementApple's CEO Tim Cook has been eager to reassure shareholders that the company is big on AI, however. At the Wednesday meeting, Apple shareholders also voted down a request for an AI transparency report.
Persons: Tim Cook, Apple hadn't, , Brian Mulberry, Cook, David Wagner Organizations: Apple, Wall Street, Service, Big Tech, Zacks Investment Management, Wall Street Journal, Google, Microsoft, Reuters, Aptus Capital Advisors, Business, Bloomberg
The CEO of the VC firm General Catalyst told WSJ that international collaboration will be crucial. World leaders should "align on some core protocols" for AI development, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Now there's this tension where no country wants to be left behind. So far, Russia has lagged behind China and the US in AI development.
Persons: Catalyst, , Hemant Taneja, Taneja —, Taneja, Joe Biden, it's, Vladimir Putin Organizations: Service, Wall, publication's, US Commerce Department, European Locations: France, India, China, Russia
But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.
Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, , Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, , Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, , Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, , CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington
When it comes to AI in hiring, there's a disconnect between how employers and job seekers view the technology. "Helping candidates understand where in the process their application will interact with AI tools is really useful." In Indeed's AI survey, 60% of job seekers expressed concern about bias in the data that trains employers' AI hiring systems. Avoid the resume black holeMany job seekers perceive AI tools as hyper-focused on keywords, ignoring a candidate's full story. Don't sacrifice the humanity of hiringA looming concern among job seekers is that using AI in hiring will replace the personal touch.
Persons: Donal McMahon, Hannah Calhoon, Alan Walker, haven't, Calhoon, McMahon, , Walker, we're Organizations: Pew Research Center, Data, Fortune, Harvard Business School, ATS, Insider Studios
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI is on a path to 'true technological breakthrough' with AGI, says Bedrock's Geoff LewisGeoff Lewis, Bedrock founder and managing partner, joins 'Squawk Box' to discuss investing in Elon Musk's new AI startup X.AI, the progress OpenAI has made over the years, the next stage of AI innovation, and more.
Persons: AGI, Geoff Lewis Geoff Lewis Organizations: Elon
Investment bank Jefferies has revealed its top stock picks that are exposed to major themes like innovation, new products, and emerging markets. The investment bank forecasts Prudential shares will rise 118% to 18,000 British pence over the next 12 months. The investment bank expects Hong Kong-listed shares of Alibaba to rise to 128 Hong Kong dollars ($17), which implies an 84% upside potential. The investment bank expects shares to rise 57% over the next 12 months. The investment bank believes ASML's current valuation of 33 times forward earnings is too low since it forecasts 49% earnings growth over the next two years.
Persons: Jefferies, Prudential Jefferies, Prudential's, Anil Wadhwani, Eddie Wu, Wu, Alibaba's, Joe Dickerson, Dickerson, — CNBC's Michael Bloom Organizations: Prudential, Jefferies, Hong, U.S, HSBC Jefferies, HSBC, ASML Semiconductor, DexCom Locations: U.K, Asia, China, India, Africa, Hong Kong, Alibaba
Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a press release, Volkswagen said its new AI lab will serve as a "globally networked competence center and incubator" to produce proofs of concept in the field of the tech surrounding automotive innovations. AI labs are research and development hubs for exploring artificial intelligence breakthroughs. Volkswagen claimed it would bring its lab's AI innovations to its own vehicles to make them smarter.
Persons: Google's, Oliver Blume Organizations: Volkswagen, Microsoft, Volkswagen Group, Porsche AG, Benz
5 huge challenges facing Apple this year
  + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.
Persons: , David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, , Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP
Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.
Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL
Amazon Web Services' Global AI Innovation Center, led by Sri Elaprolu, launched in July. Elaprolu said AWS customers are getting serious about moving ideas from concept to production. Still, most AWS clients don't quite know where to start with generative AI — that's where the AWS Generative AI Innovation Center comes in, Sri Elaprolu, the global head of AWS Generative AI Innovation Center and an 11-year AWS veteran, said. Interest in the Generative AI Innovation Center has been high since the company announced it in June, Elaprolu said. Many AWS customers are just beginning to think about generative AI, but an increasing number are starting to bring ideas into production.
Persons: Sri, Elaprolu's, , Sri Elaprolu, Elaprolu, It's Organizations: Amazon Web Services, AI Innovation, Service, Web, Center, PGA Tour, Bridgewater Associates, Business, Bridgewater, AWS Locations: Sri Elaprolu, Sri
Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.
Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, , Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA
Read previewThe firing and rehiring of OpenAI CEO Sam Altman has undone months of effort by Microsoft to avoid antitrust regulators probing its massive investment in the startup. It's tough to keep a huge business partnership like this out of what can be intense scrutiny from antitrust regulators. Nadella agreed to give Altman and Brockman their own research arm at Microsoft, if he couldn't negotiate their return to OpenAI. Another interpretation is that Microsoft is keen to show antitrust regulators that OpenAI is an independent company, and not controlled by the software giant. AdvertisementDo you work for OpenAI or Microsoft, or are you someone with a tip or insight to share?
Persons: , Sam Altman, Lina Khan, OpenAI, Altman, Satya Nadella, Kevin Scott didn't, Kevin, Satya, Microsoft's, Brad Smith, Frank Shaw, Sam, Nadella, Altman's, Greg Brockman, Brockman, Amy Hood, ChatGPT, doesn't, Kali Hays, Ashley Stewart, Darius Rafieyan Organizations: Service, Microsoft, Business, FTC, OpenAI, Activision, Blizzard, Markets, Bloomberg, Chief Locations: OpenAI, khays@insider.com, astewart@insider.com
Given its massive surge in popularity, the page about OpenAI’s virtual chatbot ChatGPT was the most viewed page on Wikipedia this year, amassing more than 49.4 million page views. The Wikipedia entry about the series drew more than 38 million page views. Virat Kohli of India bats during the ICC Men's Cricket World Cup India 2023 Final between India and Australia at Narendra Modi Stadium on November 19, 2023 in Ahmedabad, India. The page for the league itself received more than 32 million views and the 2023 season receiving more than 20 million views. Chris Pizzello/APThe Oppenheimer film received more than 28 million page views, the page about real-life physicist J. Robert Oppenheimer himself received 25.6 million views while the Barbie film received 18 million.
Persons: New York CNN —, ChatGPT, , Anusha Alikhan, Alikhan, It’s, “ Oppenheimer, Virat Kohli, Narendra Modi, Gareth Copley, Jawan, Pathaan ”, Barbie ”, ” Barbie, Oppenheimer, Chris Pizzello, J, Robert Oppenheimer, Taylor Swift, Elon Musk, Lionel Messi, Andrew Tate, misogynist influencer, Tate, Barbie, Cristiano Ronaldo, Matthew Perry, Lisa Marie Presley Organizations: New, New York CNN, New York CNN — Wikipedia’s, Wikimedia Foundation, CNN, Indian Premier League, Cricket, , United Nations, Internet, Mobile Association of India, eventual, Australia, ICC Men's Cricket, Narendra, Getty, Men’s Cricket, Warner Bros, Los Feliz Theatre, Major League Soccer, Inter Miami, Premier League Locations: New York, ” India, India, United States, United Kingdom, China, Australia, Ahmedabad, Wikipedia’s, Los Angeles, Gaza, Ukraine, Hamas, Israel, Romania, ChatGPT, Water
Elon Musk said OpenAI needed to be quicker with its work before departing from the company, per NYT. Musk left OpenAI in 2018, citing a conflict of interest with his work at Tesla. AdvertisementElon Musk had some choice parting words for OpenAI's staff before he left the company in 2018. The billionaire cofounded the AI company in 2015 but left in 2018, citing a conflict of interest with his work at Tesla. The researcher told Musk that Musk's suggestion was impulsive and overhasty, per The Times.
Persons: Elon Musk, Musk, , pushback, he's, Steve Wozniak, Evan Sharp, Grok, OpenAI Organizations: Tesla, Service, The New York Times, The Times, Times, Fox News, Musk, Business Insider
Former OpenAI board member Helen Toner has announced her resignation. Toner said that the board wasn't trying to slow down OpenAI's work by firing CEO Sam Altman. AdvertisementFormer OpenAI board member Helen Toner says the board wasn't trying to stifle the company's progress by removing CEO Sam Altman. Though there has been speculation, we were not motivated by a desire to slow down OpenAI’s work. AdvertisementAside from bringing back Altman, OpenAI welcomed a new initial board comprising Bret Taylor, Larry Summers, and Adam D'Angelo.
Persons: Helen Toner, Toner, Sam Altman, Altman, , wasn't, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Taylor, Tasha McCauley, Ilya Sutskever . Organizations: Service, Georgetown University's Center for Security, Emerging Technology, Microsoft, Business Insider Locations: OpenAI's
Nov 28 (Reuters) - Workday (WDAY.O) raised its annual subscription revenue forecast and beat estimates for quarterly profit and revenue on Tuesday, benefiting from an easing macro environment and strong demand for its cloud-based software services. Shares of the Pleasanton, California-based company rose 3.2% in extended trading. The company now expects full-year subscription revenue of $6.598 billion, compared with its previous expectation of $6.570 billion to $6.590 billion. The company reported third-quarter total revenue of $1.87 billion, higher than analysts' estimates of $1.85 billion, according to LSEG data. Workday's subscription revenue rose 18.1% to $1.69 billion.
Persons: Carl Eschenbach, Zaheer Kachwala, Maju Samuel Organizations: ADP, Accenture, Thomson Locations: Pleasanton , California, Bengaluru
[1/2] An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. Walker said Europe should aim for the best AI rules, not the first AI rules. "We've long said that AI is too important not to regulate, and too important not to regulate well. The race should be for the best AI regulations, not the first AI regulations." Business group DigitalEurope and 32 European digital associations last week warned the EU against over-regulating foundation models.
Persons: Arnd, Kent Walker, Walker, Foo Yun Chee, Josie Kao Organizations: REUTERS, Rights, European Union, European Commission, Technological, Business, Thomson Locations: Zurich, Switzerland, Rights BRUSSELS, Europe
AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. "As European digital industry representatives, we see a huge opportunity in foundation models, and new innovative players emerging in this space, many of them born here in Europe. The signatories, who said just 3% of the world's AI unicorns come from the European Union, backed a joint proposal by France, Germany and Italy to limit the scope of AI rules for foundation models to transparency requirements. They also said the current broad scope of the draft AI rules could clash with existing legislation in certain sectors such as healthcare. The companies also rebuffed calls from creative industries for the AI rules to tackle copyright issues.
Persons: Dado Ruvic, DigitalEurope, Georgina Prodhan, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Rights, Airbus, European Union, Apple, Ericsson, Google, LSE, SAP, Siemens, Thomson Locations: BRUSSELS, Europe, France, Germany, Italy
OpenAI's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."
Persons: OpenAI's, Sam Altman, , Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI
Fears over the speed of AI development at OpenAI may have sowed discord within its top ranks. Some OpenAI board members may have disagreed with Altman's approach to AI innovation. OpenAI cofounder Ilya Sutskever has long called for caution due to concerns AI could harm humanity. AdvertisementSam Altman's possibly brief dismissal from OpenAI has exposed a schism between the company's top leaders over how to curb the existential threat posed by AI. OpenAI's board has not offered any more details on what led them to fire Altman beyond noting that they had "lost confidence" in him and that he was not "consistently candid" in communications.
Persons: Ilya Sutskever, , Sam Altman's, OpenAI, Altman, Mayoshi, Sutskever, — Helen Toner, who's, Tasha McCauley —, Dario Amodei, that's, Elon Musk, Tesla Organizations: Service, The New York Times, Georgetown University's Center for Security, Emerging Technology, Wired Locations: OpenAI
Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.
Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's
Personalized skincare represents one of the fastest growing segments of the beauty and wellness industry. "Personalized products for skincare are more beneficial," said Melissa Snover, the founder and CEO of Nourished , a nutrition company. Rem3dy Health GroupNourished partnered with Neutrogena earlier this year to create personalized skincare supplements, called Skinstacks. NeutrogenaMore companies are leaning into custom skincareCompanies that sell more generalized skincare products are hopping on the personalization trend. Cetaphil, a brand popular for its sensitive skincare line, launched its skincare digital-assistant tool and AI skin analysis in March.
Persons: , doesn't, Melissa Snover, Snover, Logan McGill, Johnson, McGill, Silvina Nordenstohl, Nordenstahl, Galderma, dermatologists, Scott Walker, TikTok, Aaron Lucy, Walker Organizations: Service, Grand View Research, Rem3dy, Johnson, Companies, Tech Locations: McGill, Denver, skincare
Pete Weir, the chief product officer at Discovery Education, says AI can make mundane tasks easier. This Q&A is part of the "CXO AI Playbook" series — straight talk from business leaders on how they're testing and using AI. "Our employees are looking for guardrails," said Pete Weir, Discovery Education's chief product officer. AdvertisementSo one of the most important things was a big zoom-out on how this is going to affect all of us. What advice do you have for a company that's just getting started on its own AI journey?
Persons: Pete Weir, , It's, Discovery, Weir, ChatGPT, I've, we've, it's, — it's, We're Organizations: Discovery Education, Service
Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.
Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells
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