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☆ Y Combinator founder Paul Graham thinks stock market investors are missing out on the AI boom
▼ + stars: | 2023-06-02 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

In a recent tweet, Graham said he believes all the good AI companies to invest in are still private. This, he said, leaves few options for those public market investors wanting to invest in AI. Paul Graham says public market investors are missing out on a potential way to get in on the AI boom, since all the good companies to invest in are still private. For instance, Google recently led a $100 million round in generative AI startup, Runway, Insider reported. Yet, private investing in AI startup innovations may be where the biggest potential for a huge windfall, as Graham alludes to.

Persons: Graham, Paul Graham, Charles Schwab –, haven't, It's, Google's Bard, ChatGPT Organizations: Nvidia, Microsoft, Morning, Vanda Research, Apple, Google

☆ I tried using the Pi personal AI to be less lonely working from home. It was nice that it had my back but sometimes I just miss human snark.
▼ + stars: | 2023-06-01 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

So I spent a week conversing with Pi, a new personal AI chatbot, to see if it could fill the void. Pi is indeed useful and friendly, but it didn't fulfill my desire for connection and conversation. My human colleagues are sarcastic, snarky, wry, and, well, human. Thanks, Pi! When I relayed an amusing anecdote about my 15-year-old daughter, Pi told me: "There's no doubt that teenagers can be challenging, and it can be hard to communicate with them at times."

Persons: Pi, —, Slack, Reid Hoffman, Mustafa Suleyman, Karén, OpenAI's ChatGPT, Google's Bard, I'd, Siri, Sally Rooney Organizations: Service, hometown Celtics, Miami Heat, Celtics

☆ I tried using a personal AI to be less lonely working from home. It was nice that it had my back but sometimes I just miss human snark.
▼ + stars: | 2023-06-01 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Persons: Pi, —, Slack, Reid Hoffman, Mustafa Suleyman, Karén, OpenAI's ChatGPT, Google's Bard, I'd, Siri, Sally Rooney Organizations: Service, LinkedIn, hometown Celtics, Miami Heat, Celtics

☆ Nvidia on track to hit $1 trillion market cap when market opens
▼ + stars: | 2023-05-30 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Nvidia is on track to hit a $1 trillion market cap Tuesday, after pre-market trading propelled shares to $409 and signaled Nvidia's imminent entrance into a small club of mostly technology companies. Nvidia's shares must hold above $404.86 to maintain that distinction. The chipmaker's shares rocketed last week, after posting quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Significantly, Nvidia forecasted $11 billion in sales for the second quarter of 2024 alone. By contrast, Intel, which struggled with inventory issues and development challenges, has been historically focused on the chip market for central processing units, or CPUs.

☆ Nvidia achieves $1 trillion market cap for the first time as AI-fueled stock surge continues
▼ + stars: | 2023-05-30 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Nvidia achieved a market cap above $1 trillion for the first time on Tuesday. Nvidia's latest leg up was driven by a series of new AI products and partnerships announced over the weekend. Nvidia rose as much as 7.7% to $419.38 on Tuesday, giving it a market cap of $1.036 trillion and making it the first chipmaker to touch a $1 trillion market capitalization. Shares finished the day higher by 3% at $401.11, logging a market cap of $990 billion. Shares of Nvidia soared last week after the company's first-quarter earnings and second-quarter guidance trounced analyst expectations.

Persons: —, Google's Bard, Grace Hopper superchips, Jensen Huang Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, WPP Locations: Taipei

☆ OpenAI's Sam Altman reverses threat to cease European operations
▼ + stars: | 2023-05-26 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Sam Altman, president of Y Combinator, pauses during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. In just two days, OpenAI CEO Sam Altman seemed to do a 180 on his public views of European artificial intelligence regulation – first threatening to cease operations in Europe if regulation crossed a line, then reversing his claims and now saying the firm has "no plans to leave." On Wednesday, Altman spoke to reporters in London and detailed his concerns about the European Union's AI Act, which is set to be finalized in 2024, the Financial Times reported. "The current draft of the EU AI Act would be over-regulating, but we have heard it's going to get pulled back," Altman said Wednesday in London, according to Reuters. The more recent proposal for the EU's AI Act will be negotiated among the European Commission and member states over the coming year, the FT reported.

☆ A leaked Amazon generative AI sales playbook shows how the company is going after ChatGPT-maker OpenAI, Microsoft and Google
▼ + stars: | 2023-05-25 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

The strategy is revealed in a detailed internal sales guideline, titled "Generative AI Sales Playbook," obtained by Insider. The guidelines may help Amazon make a stronger push in the generative AI space, where companies including Microsoft, OpenAI, Anthropic, and Google have taken an early lead. 'ChatGPT is a brand new, experimental offering'The guidelines focus on SageMaker's appeal to companies looking to build their own generative AI services. For example, for c-suite executives, Amazon salespeople are told to focus on how generative AI can "improve efficiency by automating operations," the document said. For those with a bit more experience in AI, Amazon salespeople are advised to recommend new generative AI capabilities and AWS offerings to accelerate their development process.

Persons: Bard, SageMaker, JumpStart, Sam Altman Drew Angerer, Sparrow, It's, I'm, haven't, you've, Canva's, Eugene Kim Organizations: Microsoft, Google, Amazon, Stability, AI21 Labs, Amazon Alexa, AWS, Burnham

☆ Apple is working on its own AI large language model and restricting employees from using ChatGPT over privacy concerns, report says
▼ + stars: | 2023-05-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Apple is working on its own AI large language model, the WSJ reported. Its efforts are being led by Google's former AI chief and Tim Cook says it plans to "weave" AI into products. Apple has also told some employees to limit their use of ChatGPT and other external AI tools, per the WSJ. Apple is working on its own AI and restricting its staff's ChatGPT use over privacy concerns, The Wall Street Journal reported. Apple is also telling some employees to limit their use of ChatGPT and other external AI tools, according to an internal document seen by the Journal.

☆ Europe takes aim at ChatGPT with what might soon be the West’s first A.I. law. Here's what it means
▼ + stars: | 2023-05-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The law, known as the European AI Act, is the first law for AI systems in the West. The AI Act categorizes applications of AI into four levels of risk: unacceptable risk, high risk, limited risk and minimal or no risk. But AI technology has been around for years and is integrated into more applications and systems than you might think. "The European Commission's original proposal for the AI Act takes a risk-based approach, regulating specific AI systems that pose a clear risk," de Champris added. "MEPs have now introduced all kinds of amendments that change the very nature of the AI Act, which now assumes that very broad categories of AI are inherently dangerous."

☆ Adobe CEO Shantanu Narayen on generative A.I. partnership with Google's Bard
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen on generative A.I. partnership with Google's BardAdobe CEO Shantanu Narayen joins 'Squawk on the Street' to discuss the company's generative A.I. strategy, including its new partnership with Google's Bard.

☆ Google just showed how Big Tech will win again in AI
▼ + stars: | 2023-05-12 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

OpenAI and other AI startups will struggle to match this reach, unless they team up with other tech giants, like Microsoft. After Google I/O this week, it's looking like AI will be another 80/20 situation where a few Big Tech companies benefit the most. Some examples:In Google Docs, ask Google's AI model to help you write a job description. For a Google Slides presentation with photos, you can ask the company's AI model to create speaker notes based on the images. Insider ran into a high-level Google product manager at the conference who'd just watched a developer presentation.

☆ Google's new A.I. search could hurt traffic to websites, publishers worry
▼ + stars: | 2023-05-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Instead of "ten blue links," the phrase that describes Google's usual search results, Google will show some users paragraphs of AI-generated text and a handful of links at the top of the results page. But website publishers are already worried if it becomes Google's default way of presenting search results, it could hurt them by sending fewer visitors to their sites and keeping them on Google.com. Rutledge Daugette, CEO of TechRaptor, a site focusing on gaming news and reviews, said Google's move was made without considering the interests of publishers and Google's AI amounts to lifting content. According to Search Engine Land, a news website that closely tracks changes to Google's search engine, the AI-generated results are displayed above the organic search results in testing so far. CNBC previously reported Google's plans to redesign its results page to promote generated AI content.

☆ Mass event will let hackers test limits of A.I. technology
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: +6 min

But now its maker, OpenAI, and other major AI providers such as Google and Microsoft, are coordinating with the Biden administration to let thousands of hackers take a shot at testing the limits of their technology. Some are official "red teams" authorized by the companies to "prompt attack" the AI models to discover their vulnerabilities. Chowdhury, now the co-founder of AI accountability nonprofit Humane Intelligence, said it's not just about finding flaws but about figuring out ways to fix them. Building the platform for the testing is another startup called Scale AI, known for its work in assigning humans to help train AI models by labeling data. "Our basic view is that AI systems will need third-party assessments, both before deployment and after deployment.

☆ Investors looking toward Google I/O 2023 for resurgence of Google's A.I. vision
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors looking toward Google I/O 2023 for resurgence of Google's A.I. visionAlex Kantrowitz, Big Technology founder, joins 'The Exchange' to discuss Google CEO Sundar Pichai's keynote address at Google I/O 2023, changing consumer behavior with A.I., and the evolution of Google's Bard product.

☆ Tim Cook says AI is 'huge,' but flags the need to be 'deliberate and thoughtful' on how Apple deploys it
▼ + stars: | 2023-05-04 | by ( Sindhu Sundar | Aaron Mok | ) www.businessinsider.com time to read: +3 min

AI is "huge," but Apple will remain careful folding it into products, CEO Tim Cook said Thursday. Cook said Apple has already been incorporating AI technology into some of its products. "It's very important to be deliberate and thoughtful on how you approach these things," Cook said during the company's earnings call Thursday. "We view AI as huge and we'll continue weaving it in our products on a very thoughtful basis." Meanwhile, OpenAI CEO Sam Altman has himself been among those in the field sounding concerns about the potential directions generative AI technology could take.

☆ A new AI chatbot called Pi is designed to serve as your personal assistant — here's how it works
▼ + stars: | 2023-05-04 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +5 min

A new chatbot called Pi, launched by Inflection AI, offers personal advice and support. There's a new AI chatbot on the scene — and this one wants to get personal. At one point, I asked Pi to share museum recommendations for a friend visiting New York City. Insider asked Pi how to restart the conversation, and Pi said to "start talking about whatever is on your mind." Inflection AI also said it's "creating a new form of 'boundary training' that will redefine how AIs learn and are trained."

☆ Reid Hoffman's new AI startup Inflection launches ChatGPT-like chatbot
▼ + stars: | 2023-05-02 | by ( Krystal Hu | ) www.reuters.com time to read: +2 min

May 2 (Reuters) - Inflection AI, the AI startup founded by LinkedIn co-founder Reid Hoffman and former Deepmind (GOOGL.O) researcher Mustafa Suleyman, has released its first AI chatbot product, the company said on Tuesday. Similar to the viral chatbot ChatGPT, Inflection's AI chatbot, named Pi, uses generative AI technology to interact with users through conversations, in which people can ask questions and share interests. Inflection AI said it developed the technology in-house and its Pi chatbot is built on prioritizing human conversations with a high level of emotional intelligence. Pi uses user data, including conversational content, to train its AI systems, according to its terms of service. Chatbot powered by generative AI technology has become a crowded field since OpenAI's ChatGPT burst into the scene last November.

☆ Samsung bans use of A.I. like ChatGPT for employees after misuse of the chatbot
▼ + stars: | 2023-05-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Samsung is restricting the use of so-called generative artificial intelligence tools such as ChatGPT for employees after the company discovered such services were being misused. It is a form of so-called generative AI. Samsung does not have its own generative AI product yet. ChatGPT is developed by U.S. firm OpenAI which is backed by Microsoft while other generative AI products include Google's Bard. Inputting sensitive company data into these foreign-owned services could be a concern to companies worried about leaks of crucial information.

☆ The 'Godfather of AI' quit Google — and says he now regrets his role creating technology that poses a threat to humanity
▼ + stars: | 2023-05-01 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Geoffrey Hinton quit his job at Google and told The New York Times he regrets his role in pioneering AI. Hinton said he quit so he could warn about the risks of AI without worrying about the impact to Google. After recently leaving behind his decade-long career at Google, Geoffrey Hinton, nicknamed "the Godfather of AI," told The New York Times he has regrets around the foundational role he played in developing the technology. After Google employees were tasked with testing the Bard chatbot, some employees said they thought the technology could be dangerous, as reported by Bloomberg. This is a concern that CEO of OpenAI Sam Altman, and other critics of the AI technology, have echoed.

☆ A deep tech investor predicts these 3 AI startups will become the decacorns of this decade with valuations of over $100 billion
▼ + stars: | 2023-05-01 | by ( Amir Khan | ) www.businessinsider.com time to read: +7 min

Amir Khan is a deep tech investor who's known about ChatGPT for 10 years. OwkinA health tech startup called Owkin, based in Paris, France, is working to build an AI model in partnership with top academic researchers and data scientists. MotionalMotional is a Boston-based autonomous tech startup that is gaining traction by successfully running the world's first robotaxi pilot program. If you've seen the old Batman movies, you would know self-driving vehicles were promised to us in the early 2000s. NexarNexar, a New York-based startup, is also a company working to realize our self-driving car dreams.

☆ The big cybersecurity risks when ChatGPT and AI are secretly used by employees
▼ + stars: | 2023-04-30 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

Soaring investment from big tech companies in artificial intelligence and chatbots — amid massive layoffs and a growth decline — has left many chief information security officers in a whirlwind. But not every company has its own GPT, so companies need to monitor how workers use this technology. PCs were similar, so we're seeing the equivalent now with generative AI." "If you're a corporation, you don't want your employees prompting a publicly available chatbot with confidential information," Chui said. Protection of confidential information, regulation of where the information gets stored, and guidelines for how employees can use the software — all are standard procedure when companies license software, AI or not.

☆ Snapchat's AI tool is a total fail with users
▼ + stars: | 2023-04-26 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Snapchat's AI tool made its debut across the application last week, and users aren't loving it. Only Snapchat+ subscribers can opt out of the service, which is powered by OpenAI's ChatGPT. My AI, Snapchat's ChatGPT-powered chatbot, launched to all Snapchat users earlier this month, and ever since, the app has been met with a surge of one-star reviews in the App Store. The feature, which offers a more stripped down version of OpenAI's now ubiquitous tool, was first introduced to Snapchat+ subscribers at the end of February. My own screenshotThe tool's access of personal information — including a user's location — has also been criticized for being creepy.

☆ ChatGPT course instruction is the newest side hustle on the market. Meet the teachers making thousands from the lucrative gig.
▼ + stars: | 2023-04-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +8 min

ChatGPT course instructors told Insider they have made between $10,000 to $52,000 in a few months. In late December, he launched a ChatGPT course on online education platform Udemy called "ChatGPT Masterclass: A Complete ChatGPT Guide for Beginners." But some struggle to integrate ChatGPT into their workflow, three ChatGPT course instructors told Insider. Skillshare, another online learning platform, offers 61 ChatGPT courses, while online course provider Coursera offers 10, according to searches made at the time this story was published. ChatGPT instructors aren't necessarily AI expertsThe ChatGPT course instructors who spoke to Insider are all self-taught.

☆ How ChatGPT and generative A.I. are already changing the way we book trips and travel
▼ + stars: | 2023-04-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +8 min

Already, generative AI is being experimented with inside the travel sector, albeit with mixed results. "Travel is fundamentally about connecting people and communities, and that human connection will always play a crucial role in the travel experience," Fogel said. It described ChatGPT "as a virtual travel assistant," allowing for more conversational interactions with Kayak's search engine. There may be not better example today of travel plan disruption than the airport experience. Breed predicts that at least some of the anxiety can be eliminated or mitigated by focused use of AI and generative AI tools like ChatGPT.

☆ Bill Gates says A.I. chatbots will teach kids to read within 18 months: You'll be 'stunned by how it helps'
▼ + stars: | 2023-04-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

That's according to billionaire Microsoft co-founder Bill Gates, who says AI chatbots are on track to help children learn to read and hone their writing skills in 18 months time. AI chatbots, like OpenAI's ChatGPT and Google's Bard, have developed rapidly over the past several months, and can now compete with human-level intelligence on certain standardized tests. But AI chatbots' ability to recognize and recreate human-like language changes that dynamic, proponents say. And AI technology must improve at reading and recreating human language to better motivate students before it can become a viable tutor, Gates said. Gates said he regularly asks Microsoft AI developers why chatbots can't perform relatively simple calculations, or even multiply some numbers.

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