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☆ China's SenseTime unveils new AI products and chatbot
▼ + stars: | 2023-04-10 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

[1/2] The logo of SenseTime is seen at SenseTime office, in Shanghai, China December 13, 2021. REUTERS/Aly SongHONG KONG, April 10 (Reuters) - China's SenseTime (0020.HK) unveiled on Monday a slew of new artificial intelligence-powered products including a chatbot and image generator, joining a global race ignited by the popularity of OpenAI's ChatGPT. Big models are typically trained on massive datasets using powerful hardware. Global interest in AI technology has soared since the debut in late 2022 of ChatGPT, a popular chat bot developed by U.S. company OpenAI which uses generative AI technology that learns from past data to create new text, images or computer code. "We have been focusing on developing our big models.

☆ Clearview AI scraped 30 billion images from Facebook and gave them to cops: it puts everyone into a 'perpetual police line-up'
▼ + stars: | 2023-04-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Clearview AI scraped 30 billion photos from Facebook to build its facial recognition database. Representatives for Clearview AI did not immediately respond to Insider's request for comment. Since then, the spokesperson told Insider, Meta has "made significant investments in technology" and devotes "substantial team resources to combating unauthorized scraping on Facebook products." CNN reported Clearview AI last year claimed the company's clients include "more than 3,100 US agencies, including the FBI and Department of Homeland Security." "You don't know what you have to hide," Guariglia told Insider.

☆ How Walmart is using A.I. to make shopping better for its millions of customers
▼ + stars: | 2023-03-27 | by ( Susan Caminiti | Kevin Travers | ) www.cnbc.com time to read: +1 min

Amid the recent flurry of excitement around the transformational potential of ChatGPT is the fact that companies have been using artificial intelligence across their businesses for years. But few companies have the ability to gather the massive data sets that power AI quite like Walmart . There are roughly 4,700 Walmart stores and 600 Sam's Clubs in the U.S. employing a combined 1.6 million workers — or associates as the company likes to call them. "[Customers] are generating all these breadcrumbs about what they like and want and that's allowing us to make the shopping experience better," she said. At Sam's, that means staying on top of roughly 6,000 items stacked on shelves in warehouse stores that average 136,000 sq.

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ A think tank created by a Palantir co-founder is behind a slew of bills criminalizing homeless encampments
▼ + stars: | 2023-03-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

A think tank created by a Palantir co-founder is behind model legislation banning "public camping." So far, Texas and Missouri have passed laws making public camping a Class C misdemeanor. Many states and cities have taken a punitive approach to the problem, making homeless encampments illegal. In 2021, Texas became the first state to pass a Cicero-inspired state-wide law, making public camping a Class C misdemeanor punishable with up to a $500 fine. And, if they don't comply with the ban, it criminalizes their living condition," Eric Samuels, president and CEO of the Texas Homeless Network, said in a statement at the time.

☆ Venture Capital Investors Are Trying to Take Over Pandemic Response
▼ + stars: | 2023-03-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

Private capital has been eyeing public health for years. Several founders and investors told me that the failure of Kleiner's fund made Silicon Valley wary of investing in pandemic preparedness. Venture investors love that kind of thing. Public health and private industryWhen COVID hit, Charity Dean was the assistant director of the California Department of Public Health. In the end, almost every pandemic-related product created by Silicon Valley will ultimately require the government as a primary customer.

☆ Top analysts are bullish on these five stocks in uncertain times
▼ + stars: | 2023-03-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks to weather the storm, according to Wall Street's top professionals on TipRanks, a platform that ranks analysts based on their past performance. Despite the ongoing pressures, cloud-based data warehouse company Snowflake (SNOW) delivered upbeat quarterly results. The company's fiscal 2023 fourth-quarter results missed expectations due to macro pressures, higher costs, supply chain issues and increased promotional activity. TD Cowen analyst Shaul Eyal remains bullish about Zscaler and reiterated a buy rating with a price target of $195 following the results. (See Zscaler Hedge Fund Trading Activity on TipRanks) Eyal holds the 15th position among more than 8,000 analysts on TipRanks.

☆ The secret to faster delivery is clear: overhauling the street address as we know it
▼ + stars: | 2023-02-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Confused delivery drivers add time, cost, and frustration to deliveries. Tech companies are looking to close the data gap between an address and a completed delivery. The English tech company throws out traditional addresses and instead divides the world into a grid of 10-foot by 10-foot squares. In a delivery scenario, the drive receives the code, which identifies the grid square containing the entrance as opposed to the traditional address. Pooling local knowledgeBeans.ai is another company that's looking to cut down on wasted time and emissions with more precise address data — but this time built with shoe leather.

☆ The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector's leading fund managers.
▼ + stars: | 2023-02-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

Robin Li (or Li Yanhong in Chinese), founder, chairman and CEO of Baidu, introduces the new AI-powered digital assistant "Duer" during the 2015 Baidu Technology Innovation Conference on September 8, 2015 in Beijing, China. Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia's morning trade. Google recently announced a similar service, Bard A. I.Ernie stands for "Enhanced Representation through Knowledge Integration," Baidu said, describing it as a "large language model" that was introduced in 2019. "What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities," Baidu said.

☆ ChatGPT is coming for Wall Street next
▼ + stars: | 2023-02-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Paige Hagy and Bianca Chan asked industry experts how they see a tool like ChatGPT impacting all areas of Wall Street, from investment banking to financial planning to consumer banking. So if your boss pitches you on using ChatGPT to help "streamline your workflow" understand that you could be training your replacement. Click here to read more about the types of jobs ChatGPT might upend across Wall Street. Wall Street trading firm GTS Securities is looking to make investing in music royalties accessible to the general public, Bloomberg reports. Stephanee Beggs made seven figures selling her study materials on TikTok and Etsy, which means she cleared more business than half the bankers on Wall Street.

☆ A mailman, a NASA scientist and a park ranger: Some government employees shrug off TikTok bans
▼ + stars: | 2023-01-28 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

Jean-Pierre, who’s from Morristown, New Jersey, has attracted 215,500 followers on the video app where most days he posts from his mail truck during his lunch break. As of last month, all federal workers are banned from having TikTok on their work phones. In some places, using a personal device isn’t enough to get around TikTok restrictions. There’s no telling precisely how many federal workers use TikTok, but certain hashtags show the breadth of its popularity. The public relations staff at some federal agencies said they had no plans to interfere with what federal workers did on their own.

At Salt Lake City International Airport (SLC), a set of tire chains and a taxidermy rat landed in lost-and-found. The aptly named Lost and Found Software serves many U.S. and international airports as well as public transportation systems. Despite their differences, each provider promises to help customer service workers not only connect more lost items with their owners but to speed up returns as well. Hartsfield-Jackson Atlanta International Airport (ATL), Southwest Airlines, JetBlue, Delta Air Lines and others use NetTracer, which has been operating since 2004. Boomerang recently landed two airport customers: Savannah/Hilton Head (SAV) and New York’s Syracuse Hancock International Airport (SYR).

☆ Hot machine learning firms like Hugging Face, Snowflake, and Databricks are still hiring as the AI market heats up. Here are the skills and certifications needed to land a job in the field.
▼ + stars: | 2022-11-17 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +3 min

Data scientists and other roles can make upward of $160,000. That includes several different roles, like data scientists that analyze massive datasets for trends to inform company decisions. Data scientists for production models earn $143,960, according to the H-1B data. Advanced data scientists generally build machine-learning models that work within products, like personalization algorithms. These employees often have extensive experience, education, or both, and they earn $161,944, according to H-1B data.

☆ Australia's top health insurer reels after data breach
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

Nov 7 (Reuters) - Medibank Private Ltd (MPL.AX), Australia's biggest health insurer, reported a massive data breach in October that compromised personal and medical information of its current and former customers, and slashed its stock value by almost a fifth. read moreOct. 17: Normal business operations resume. read moreOct. 19: Medibank says an unnamed hacker group contacted it to negotiate about customer data it claimed to have retrieved from the company's IT systems. read moreOct. 21: Medibank suspends trading amid the likelihood that the hack may impact more customers. read moreNov. 7: Medibank says no ransom will be paid to the criminal responsible for the data theft and that data of around 9.7 million current and former customers was compromised.

☆ Our guide to semiconductor companies and how their chips run our everyday lives
▼ + stars: | 2022-11-01 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Semiconductor companies are also in the news a lot lately, whether it's the U.S. government cracking down on chip exports to China or innovations in connected cars and artificial intelligence. Since these companies don't need to invest in expensive fabrication facilities, they can run a more agile asset-light business model. Memory : The two main categories of memory chips are NAND and DRAM. Examples include those used for 5G, WiFi, Bluetooth, radiofrequency chips, near field communication chips (NFC), application-specific integrated circuit chips (ASICs), and so on. These chips are made by companies like Qualcomm, Marvell Technology, Broadcom (AVGO), ON Semiconductor, NXP Semiconductor (NXPI), and others.

☆ Mark Zuckerberg is trying to do what Google did with Android — but he learned all the wrong lessons
▼ + stars: | 2022-10-29 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Meta's effort to build the metaverse is a way to wrangle back control of consumer data from Apple, experts say. Google's effort paid off, but it's likely that Mark Zuckerberg learned the wrong lessons from recent history. It's similar to why Google developed Android, but Mark Zuckerberg's project seems to miss one key ingredient that made Android a success. Android vs. MetaverseGoogle reportedly created Android more than a decade ago for the same reason: to compete with Apple. Google saw where Apple was going and continued to develop its Android platform to match Apple's iOS.

☆ Australia's No. 1 health insurer warns more patient data stolen in hack
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Australia's biggest health insurer Medibank Private Ltd (MPL.AX) said it expected the number of customers affected by a massive data breach to grow, after it discovered policy records of a further 1,000 customers had been stolen. Medibank, which provides coverage to one-sixth of Australians, said last week an unidentified person had shown the company stolen personal information of a 100 customers, including medical diagnoses and procedures. read moreOn Tuesday, the company said it had received more files from the criminal, showing information including personal and health claims data of more patients as well as files with some Medibank and international student customer data. 2 telco Optus (STEL.SI), which compromised the data of up to 10 million customers. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shashwat Awasthi; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico president backs defense ministry's refusal to account for massive data leak
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 18 (Reuters) - Mexican President Andres Manuel Lopez Obrador has shaken off criticism against the country's defense ministry for refusing to appear before legislators to explain a major cyber hack, resulting in a massive data breach. Lopez Obrador asked the opposition to calm down and have some tea, during a regular news conference on Tuesday, describing the criticism as politically motivated. Lawmakers summoned Sandoval to explain what measures the armed forces were taking after a massive hack leaked classified information in September. Since taking office in 2018, Lopez Obrador has strengthened the armed forces' role in public security functions, such as infrastructure projects and customs activities. Mexico's Congress last week approved extending the role of the armed forces in public security tasks until 2028.

Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.

☆ Singtel's second unit faces cyber attack weeks after Optus data breach
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - Singapore Telecommunications Ltd (STEL.SI) said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit - Optus. Singtel said on Monday the attack on Dialog, an Australia-based information technology services consulting firm, was first detected on Sept. 10. Register now for FREE unlimited access to Reuters.com RegisterShares of Singtel were down 1.6%, as at 0315 GMT. The Singapore-based telecom firm assured that Dialog's systems were completely independent of Optus and information technology unit NCS, and that there was no evidence of any link between the incidents of data breaches at Dialog and Optus. ($1 = 1.5733 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Treasury Lays Groundwork for Ownership Registry, but Questions Remain
▼ + stars: | 2022-10-07 | by ( Dylan Tokar | ) www.wsj.com time to read: +5 min

Providing ExemptionsAnother key issue addressed by FinCEN’s rule relates to which companies will have to submit beneficial ownership information. Lawmakers reasoned that ownership information for such companies already would be readily available, but the large carve-outs have sparked questions from some quarters. They will be given 30 days to report beneficial ownership information. The road aheadFinCEN’s work establishing the beneficial ownership database is far from done. The beneficial ownership law requires companies to certify their reports are accurate and imposes penalties for people who willfully provide false information.

☆ Amazon dominates the $113 billion smart home market — here's how it uses the data it collects
▼ + stars: | 2022-09-28 | by ( Katie Schoolov | ) www.cnbc.com time to read: +12 min

Then in 2019, it paid $97 million for a mesh Wi-Fi system called Eero to help connect multiple smart devices in the home. Amazon's Eero mesh WiFi systems are shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022. Amazon's Ring Video Doorbell 4 is shown at the Amazon smart home lab in Seattle, Washington, on September 9, 2022. Or you may have actually told Alexa, 'Alexa, I'm leaving,' and to switch on your alarm system, for example," Koopmans said. Amazon's Smart Thermostat is shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022.

☆ Veterans group presses state and local prosecutors to go after far-right Patriot Front
▼ + stars: | 2022-09-20 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

"We as veterans are tired of watching fascists run around, hurt people, and not be brought to justice. In July, group members marched in Boston, where no arrests were made. That same month, in Philadelphia, police detained but did not arrest members of the group after members of the public disrupted their march. Members of the Patriot Front attend the 49th annual March for Life rally Jan. 21, 2022, in Washington. He said he's hopeful his military and advocacy background will help prompt some prosecutorial movement against Patriot Front members.

☆ JPMorgan is trying to harness the power of quantum-computing to solve problems at lightning speed, from options pricing to fraud detection
▼ + stars: | 2022-09-08 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

As an emerging alternative to the traditional computer, JPMorgan execs believe quantum computing could upend how finance firms perform computations. Unlike classical computers, which can store only a one or a zero, quantum computers use quantum bits, or qubits. Qubits can store multiple values at the same time, which theoretically gives the quantum computers big speed advantages. Meanwhile, Fidelity has been exploring the potential of quantum computing in wealth management. Wells Fargo, too, has invested in quantum computing to process complex data structures used for fraud detection.

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