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OpenAI CEO Sam Altman has argued that AI models should eventually produce synthetic data good enough to train themselves effectively. As the well of usable human-generated data dries up, more companies look into using synthetic data. Rather than being pulled from the real world, synthetic data is generated by AI systems that have been trained on real-world data. Synthetic data may help offer some effective "countertuning" to the biases produced by real-world data, too. 'Habsburg AI'While the AI industry found some advantages in synthetic data, it faces serious issues it can't afford to ignore, such as fears synthetic data can wreck AI models.
Persons: , that's, Sam Altman, Gary Marcus, It's, Nathan Lambert, Gretel, SynthLabs, Meta, Timnit Gebru, Margaret Mitchell, LLMs, Sadowski, Alexandr Wang, AlphaGeometry, Marcus Organizations: Service, Google, Business, Oxford, Gartner, New York University, Allen Institute, AI, Nvidia, Meta's, Anadolu, Getty, Rush, Microsoft, Monash University Locations: Cambridge, Habsburg
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A particular focus for these funds built on the back of petrodollars has been to build ownership and influence in the tech sector. FETHI BELAIDOver the past week, PIF and Mubadala have been busy figuring out what to do when their unbridled ambitions for tech companies face reality. Reports from the Financial Times and Bloomberg have shone a light on efforts being made by the sovereign wealth fund to boost returns in European startups in which it has invested billions of dollars. AdvertisementSeveral of these nascent tech companies, such as the insurance firm WeFox, have been bruised by shifting sentiment in the markets in recent years.
Persons: , Abu Dhabi's Mubadala, SoftBank's, ByteDance, Prince Mohammed bin Salman, Peter Rawlinson, Lucid, John Keeble, Rawlinson, PIF, it's, Mubadala Organizations: Service, Saudi, Public Investment Fund, Business, PIF, Financial Times, Bloomberg Locations: Middle, petrodollars, Saudi, California
In reality, however, Apple may not have to worry too much if it does have to reduce its reliance on Google for search on its devices. In other words, Apple hopes that AI can intelligently answer queries and support user needs by understanding what actually matters to users. Related storiesPart of Apple Intelligence also involves a revamped Siri, Apple's chatbot that users can supercharge by offering permission to connect to OpenAI's industry-leading technology, ChatGPT. It's unlikely to find a deal as lucrative as the one it got with Google on search anytime soon, either. AdvertisementStill, Apple's bet on AI gives it a chance to present consumers with an alternative way to search the internet.
Persons: , Hugh Langley, Tim Cook, Siri, Apple's, ChatGPT, it's, Monday's, OpenAI Organizations: Service, Google, Business, Apple, Apple Intelligence, company's, Conference Locations: Washington, Silicon
Fires burn outside the Prime Minister's House after Sheikh Hasina resigned and fled the country, on August 5, 2024 in Dhaka, Bangladesh. Protesters shout slogans as they celebrate Prime Minister Sheikh Hasina's resignation in Dhaka. Other student protesters and those arrested on “false cases,” were also released, the president said. K M Asad/AFP/Getty ImagesWhile Hasina’s resignation was celebrated, some Bangladeshis expressed trepidation over the path ahead as the country attempts to fill a leadership vacuum. “Hasina may be gone, but there is still a long road ahead for Bangladesh,” student Faiza Chowdhury, 25, told CNN.
Persons: Sheikh Hasina, Zaman, Muhammad Yunus, Hasina, Minister's, Parvez Ahmad Rony, Sheikh Mujibur Rahman, Hasina’s, Sheikh Hasina's, Mujibur Rahman –, , Raiyan Aftab, , Shaheed, Shaheed Minar, Aftab, Abu Sufian, Mohammed Shahabuddin, Khaleda Zia –, , Wolfgang Rattay, Z, Sabrina Karim, Karim, , Mohammad Ponir Hossain, Muhammad Nahid Islam, hadn’t, Yunus, K M Asad, Faiza Chowdhury Organizations: CNN, Bangladesh, Dhaka, Yunus, Dhaka University, Awami League, , BRAC University, Dhaka Medical College, Dhaka University Campus, Getty, Reuters, curfews, Cornell University Locations: Dhaka, Bangladesh, India, Pakistan, Rajib Dhar, Munich, Germany, UN, Paris, , AFP, Bangladeshi, New York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe tech slide follows a dramatic sell-off in Asia, with Japan's main stock market index, the Nikkei 225, ending 12.4% lower and other AI heavyweights such as SoftBank slid hard. By the end of the year, the company expects to spend up to $40 billion on AI research and product development. That's because AI's been touted as a technology as revolutionary as the internet and smartphones by tech luminaries like Bill Gates. If others really start to believe that's the case, it could mark the beginning of the end for the AI rally.
Persons: , Jensen, Warren Buffett's Berkshire Hathaway, SoftBank, Sundar Pichai, Susan Li, AI's, Bill Gates, Goldman Sachs, Jim Covello, Daron Acemoglu, it's, Blackwell, Elliott, Dan Ives Organizations: Service, Tech, Business, Nvidia, Apple, Microsoft, Nikkei, Google, Big, Investors, Meta, Elliott Management, Financial Times Locations: Asia
Apple is about to find out which future path the iPhone will follow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhat does the future of the iPhone look like? In Apple's last fiscal year, which ended in September 2023, iPhone sales fell to $200.6 billion from $205.5 billion the year prior. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Apple, Apple Intelligence, Service, Business
Read previewMark Zuckerberg looks poised to dominate the AI adoption race thanks to a technicality: Meta has three billion-plus captive users who have no choice but to use it. As the company reported second-quarter earnings on Wednesday, Zuckerberg gloated about Meta AI — its AI assistant rolled out earlier this year — being "on track to achieve our goal of becoming the most used AI assistant by the end of the year." Related storiesIn effect, then, that gives Zuckerberg a lot of engaged users to introduce AI-powered technology to. Meta's family of apps now has 3.27 billion daily active users. Zuckerberg also seems intent on showing users that AI can inherently make their experience of his apps vastly better.
Persons: , Zuckerberg, It's, Mike Proulx, Forrester, WhatsApp, Susan Li Organizations: Service, Harvard, Business, Meta, Facebook, Apple, Apple Intelligence, OpenAI
Former President Donald Trump and Vice President Kamala Harris each unleashed a new wave of television ads Tuesday as they race to secure an advantage in a presidential campaign dramatically altered in recent weeks. In its first major ad blitz targeting Harris, the Trump campaign is zeroing in on her immigration record in ads running across several key battleground states. It’s a sign that the former president has settled on a longstanding GOP line of attack against the vice president, after grappling with the abrupt change atop the Democratic ticket. Trump, in two new campaign ads, seeks to define Harris on his terms by relying on what has been a political liability for the Biden administration: the management of the US-Mexico border. In response, Harris campaign spokesperson Ammar Moussa said Trump is “running on his trademark lies” and said the former president opposed a congressional border deal that would have helped with enforcement.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Joe Biden’s, Biden, Ammar Moussa Organizations: Democratic, California –, Convention, Trump, Wisconsin – Locations: Bay, California, Mexico, Arizona, Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, AdImpact
Donald Trump participates in a question and answer session at the National Association of Black Journalists (NABJ) convention at the Hilton Hotel in Chicago, Illinois on July 31. Getty ImagesFormer President Donald Trump, the Republican presidential nominee, drew gasps on Wednesday when he said at the National Association of Black Journalists convention that Vice President Kamala Harris, the presumptive Democratic nominee, had suddenly adopted a Black identity. Trump claimed: “I’ve known her a long time, indirectly, not directly very much, and she was always of Indian heritage, and she was only promoting Indian heritage. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. After that, she was elected president of the association of Black law students in her second year at the University of California, Hastings College of the Law, according to her 2019 memoir.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , Organizations: National Association of Black Journalists, Hilton Hotel, Getty, Republican, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San Locations: Chicago , Illinois, Jamaica, India, Indian, San Francisco
Investors want to know when Big Tech's huge investments in AI will generate returns. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From Silicon Valley to the Evergreen State, leaders of the world's most powerful companies have been busy spinning a tale that the technology will one day deliver a generational payday big enough to make their investment blitz worthwhile. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Evergreen State, Business Locations: Silicon
Read previewFor a while now, AI stocks have seemingly had the ability to defy gravity. This week, tech companies central to the generative AI boom, including Amazon, Apple, Microsoft, and Meta, report earnings at a time when the market rally they've helped drive teeters on the brink of a correction. If its Big Tech peers also struggle to tell investors that AI isn't just sucking up cash, we might see the AI rally lose some steam. AI hype faces a major testThe rationale behind why AI stocks have been able to defy gravity is pretty simple. Since March, gains in the S&P 500 have been driven by chip firms like Nvidia and the so-called "Fab Five" AI Big Tech stocks, including Alphabet, Amazon, Apple, Microsoft, and Meta.
Persons: , they've, robotaxis, Sundar Pichai, Jensen Huang, Tim Cook, Meta's Mark Zuckerberg, Satya Nadella, OpenAI, Dan Ives Organizations: Service, Apple, Microsoft, Meta, Nasdaq, Tesla, Google, Business, Big Tech, Apple Intelligence, Nvidia Locations: Silicon
The US Women’s National Team match with Germany has kicked off at the Paris Olympics, as the US side tries to find its stride during these Olympic Games. The USWNT’s frustrating, scoreless draw against Costa Rica in their final game before heading to Paris made for a neat encapsulation of the task ahead for head coach Emma Hayes. The old reliable stars of the team’s golden generation are largely gone. “Any new player coming in, that means you’re one of the best in the country and you have every right to be here. That means this means something, and you’re playing on one of the best teams in the world.
Persons: Emma Hayes, , Lindsey Horan, , ” Horan, Sophia Smith, Trinity Rodman, Rose Lavelle, Alyssa Naeher Organizations: US Women’s National, Germany, Paris Olympics, Olympic Games, Costa, US Locations: Costa Rica, Paris, Tokyo, Australia, New Zealand
AdvertisementThese convenience stores also double up as pit stops that live up to their name by offering customers access to ATMs and printers, as well as other services like bill payments and buying concert tickets. That said, Americans who want to enjoy some of the Japanese 7-Eleven magic closer to home won't have to wait much longer. America's 7-Elevens get a Japanese makeoverThe stores in the US will soon get a fresher variety of food similar to their Japanese counterparts. Related storiesAs Isaka told Bloomberg in February, that strategy is now all about getting "fresh food" on shelves. That process is being helped by Warabeya Nichiyo, a key food supplier for 7-Eleven Japan, as it looks to build its third plant in the US, costing $81.5 million.
Persons: , Lawson —, Elevens, Ryuichi Isaka —, Isaka, Warabeya Nichiyo, she'd Organizations: Service, Business, YouTube, Holdings, Speedway, Bloomberg, Street Journal Locations: Haneda, Narita, North America, Tokyo's Asakusa, Dallas, American, Tokyo, Japan, Orange County , California
To understand the wave of coconut tree and K-Hive content that’s hitting your social media feeds and your group texts this week, you need some context. She worked for the Kamala Harris campaign as a social media strategist during the then senator’s failed 2019 run. As she told Audie Cornish on The Assignment, the current internet obsession with remixing Harris’ 2023 White House speech invoking a coconut tree isn’t that surprising. “They can create and uplift the messages that are arising organically without overdoing it or making it feel cringe,” she said. “This is where trusted messengers, I think, are really, really important.”Listen to the full conversation on The Assignment here.
Persons: Deja Foxx, Kamala Harris, she’s, Audie Cornish, Harris, ” Foxx, “ Young, , Foxx, Harris ’, you’ve Organizations: Harris Locations: girlhood
pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."
Persons: , Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere
Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress on Wednesday, July 24. But by the end of his speech, it was clear the Israeli prime minister had focused far more on fighting until victory in Gaza than brokering a ceasefire deal. “Give us the tools we need, and we will finish the job,” Netanyahu urged members of Congress. Netanyahu also claimed there were “practically” no civilian casualties during Israeli military operations in Rafah. That is unquestionably false: Multiple strikes in Rafah have resulted in civilian casualties.
Persons: Benjamin Netanyahu, Kent Nishimura, Benjamin Netanyahu’s, ” Netanyahu, , , “ Israel, Netanyahu, Joe Biden, Donald Trump, Organizations: Republicans, CNN, Israel Locations: Gaza, , Israel, Rafah
Democrats on Wednesday adopted the rules the party will use to choose their presidential nominee, with voting to officially nominate Kamala Harris likely to begin August 1. The party has said its goal is to nominate its presidential and vice presidential candidates by August 7 to avoid the possibility of litigation over ballot access in Ohio. That could be determined by a candidate either winning enough votes during remote balloting or gathering a sufficient number of signatures. After a presidential candidate is nominated, the rules allow the nominee to name a running mate without the need for additional remote voting. While the ceremonial presidential vote will be conducted as a roll call, the vote for vice president is likely to be a voice vote.
Persons: Kamala Harris, Harris, superdelegates – Organizations: Wednesday, Democratic National, Democratic Locations: Ohio, Chicago
Harris is 59 and was born October 20, 1964 — putting her just weeks outside the Gen X range which is generally thought to span 1965 to the early 1980s. His successor has not been confirmed, but one name being floated is his Gen X lieutenant Stephanie Pope. Could the House of Mouse soon have its first Gen X leader? The picture is not completely clear on how Gen X bosses differ from their predecessors on issues such as remote work and the role of AI in the workplace. AdvertisementIt won't be long, though, until Gen X has a majority grip over power.
Persons: , Gen, Joe Biden's, Kamala Harris, Harris, Xer —, XCX, Joe Biden, Justin Sullivan, boomer Barack Obama, Donald Trump, Sen, JD Vance, Bush, Clinton, Biden, Obama, John McCain, Mitt Romney, HSBC's, Noel Quinn, Georges Elhedery, Xer, David Calhoun, Stephanie Pope, Dave Calhoun, Aaron Schwartz, Gen X, Ron Vachris, Craig Jelinek, Macy's, Tony Spring, Xers, Jamie Dimon, David Solomon, Goldman Sachs, Bob Iger, boomer Bob Chapek, Iger, Brendan McDermid, Tim Cook, Steve Jobs, Jensen Huang, Dimon, Jenn Piepszak, Troy Rohrbaugh, X'ers, JPMorgan Chase, Alex Brandon, Mouse, We'll Organizations: Service, Democratic Party, Business, Democratic, Trump, Boeing, Gen, Gen X Costco, Microsoft, Google, Walmart, Tesla, ExxonMobil, JPMorgan, Blackstone, septuagenarians, Disney, Apple Locations: BlackRock, Silicon Valley, America
George Clooney attends an event in September 2023. Cindy Ord/Getty Images/FILEActor George Clooney has announced he is endorsing Kamala Harris for president. “President Biden has shown what true leadership is. We’re all so excited to do whatever we can to support Vice President Harris in her historic quest,” the actor said in a statement provided to CNN. The actor and Democratic donor had penned an op-ed calling on President Joe Biden to exit the race.
Persons: George Clooney, Cindy Ord, Kamala Harris, , Biden, Harris, Joe Biden, Clooney, Barack Obama, Joe “, ” Biden, wasn’t, , ” Clooney, Michael Williams Organizations: Getty, CNN, New York Times, White
This aerial photo taken on July 15 shows the site of the Trump campaign rally in Butler, Pennsylvania. Here are several issues and problems identified by CNN that could or should have been addressed before the attack on former President Donald Trump. In addition, CNN Chief Law Enforcement and Intelligence Analyst John Miller provided his analysis of some of the issues and their importance. A source told CNN that about 19 minutes before the shooting, law enforcement was trying to locate the shooter, but they could not find him until he was on the roof. Building access not controlled: No one stopped the shooter from reaching the roof of the American Glass Research building.
Persons: Gene J, Donald Trump, John Miller, Shooter, WTAE Organizations: Trump, CNN, Intelligence, United States Secret Service, Service, WTAE, Pennsylvania State Police, American Glass Research Locations: Butler , Pennsylvania
In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.
Persons: , Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London
But Biden, like a lot of social media users, is a promiscuous poster: The same message went out on Threads and Instagram. Confirmed debate wasn't a… — Ezra Klein (@ezraklein) July 18, 2024Again: Klein has a column and a popular podcast at The New York Times, with all of the reach and clout that entails. I don't think it's good for the way I think most of the time. I don't think that's what Musk thought he was buying two years ago, and I don't feel great about using it myself. But I don't think it's going anywhere.
Persons: Musk, That's, Hasan Chowdhury, Joe Biden, Biden, Ezra Klein, podcaster, , Senate Dems, Klein, I'd, I'm Organizations: Service, Business, The New York Times, Vox Media, Twitter, Dems, Senate, CNN Locations: United States, @ezraklein
That's right: Biden used X to tell the world he was pulling out of the presidential race. Related storiesThis has all helped build X's case as the internet's digital town square. Spam and abuseThat said, there have been several signs in the months prior suggesting that it is hardly fit to be a digital town square. Pavliuc also notes that X's leaders have struggled to present the app as a "digital town square" that's fair for all. "It's important to think about comparing it to a physical town square where if you scream misogynistic or racist slurs at someone, would that be OK?
Persons: , Elon, Donald Trump, Joe Biden, That's, Biden, Alex Brandon, Mike Stewart, Linda Yaccarino, Yaccarino, Joseph Teasdale, Alexa Pavliuc, Teasdale, Pavliuc, Onur Dogman, Kamala Harris, Musk, who's Organizations: Service, White, Business, Trump, Twitter, Analysis, Oxford Internet Institute, Democrats Locations: Israel, Gaza
Donald Trump walks off stage after speaking at a campaign rally on July 20, in Grand Rapids, Michigan. Vance defended his loyalty to the US, after Vice President Kamala Harris said he “will be loyal only to Trump, not to our country.”“There’s some bad news actually, Vice President Kamala Harris, she doesn’t like me,” Vance said in remarks about two hours before Trump took the stage. “Kamala Harris said something to the effect that … I have no loyalty to this country,” he continued. “Well, I don’t know, Kamala, I did serve in the United States Marine Corps and build a business. The only unity we saw today was between Donald Trump, JD Vance, and their Project 2025 agenda,” Biden campaign spokesperson Ammar Moussa said in a statement.
Persons: Donald Trump, Anna Moneymaker, Sen, JD Vance, Vance, Trump’s, , it’s, Kamala Harris, ” Vance, Trump, “ Kamala Harris, , Kamala, Harris, Ronny Jackson, Elon Musk, Musk, “ Elon, ” Trump, Xi Jinping, Xi, who’s, Biden, Joe Biden’s, ” Biden, Ammar Moussa Organizations: Trump, United States Marine Corps, Butler Memorial Hospital, White House, Grand, Wall Street Journal, Democrats Locations: Grand Rapids , Michigan, Ohio, San Francisco, Butler , Pennsylvania
Defending President Joe Biden and ripping into Donald Trump, Vice President Kamala Harris got one of her most roaring responses in years as she spoke at a fundraiser Saturday afternoon in Provincetown, Massachusetts. But we are a group of people who understand anything worthwhile takes a lot of hard work,” Harris said. It takes believing in something and then going forward.”The event was scheduled weeks ago, in very different political circumstances. Transportation Secretary Pete Buttigieg — who is seen by some leading Democrats as a potential running mate, should Harris become the nominee — spoke before Harris and also received a warm reception from the crowd. Read more on Buttigieg and Harris’ campaign stop here.
Persons: Joe Biden, Donald Trump, Kamala Harris, didn’t, , , “ It’s, ” Harris, Harris, , Kamala, Pete Buttigieg —, Read Locations: Provincetown , Massachusetts
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