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☆ AI helps boost creativity in the workplace but still can't compete with people's problem-solving skills, study finds
▼ + stars: | 2024-02-21 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The more than 750 study participants were given real tasks, including "creative product innovation" assignments. The study found that people using AI faired much better than those working without it when it came to creative product innovation tasks. About 90% of the participants improved their performance when using AI for any task involving ideation and content creation. People's problem-solving skills far outweigh the help offered by AI, Candelon said. They will get replaced by humans using AI," he told the outlet.

Persons: —, François Candelon, Candelon, didn't Organizations: Service, Gemini, Boston Consulting, MIT, Wharton, Harvard Business School, University of Warwick

☆ Nearly all doctors feel burnout, but many are encouraged by potential of AI, survey says
▼ + stars: | 2024-02-21 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

The survey found that excessive administrative tasks such as paperwork are the driving force behind this burnout, with 64% of doctors saying they feel overwhelmed by clerical requirements. Additionally, fewer than 40% of doctors feel confident that their employer is "on solid financial footing." Despite these obstacles, 83% of doctors in the survey said they believed AI could help. While AI is unlikely to solve health-care problems overnight, the survey found that the technology is giving some doctors hope for the future. Around 37% of the AI optimists believe the field is ultimately heading in the right direction, according to the survey.

Persons: Nele Jessel, Athenahealth Organizations: Athenahealth, Physicians, CNBC PRO Locations: U.S

☆ Former Disney star Bridgit Mendler is now the CEO of a space startup. Here's what she has been up to since 'Good Luck Charlie' ended.
▼ + stars: | 2024-02-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Former Disney star Bridgit Mendler is now the CEO and cofounder of a space satellite startup, to the surprise of some of her fans. Mendler is best known for playing Teddy Duncan in all four seasons of the Disney show "Good Luck Charlie," but has recently moved away from performing. On Monday, CNBC exclusively reported that Mendler is launching the startup Northwood Space with business partner Shaurya Luthra and her husband, Griffin Cleverly. Northwood Space aims to mass-produce ground stations and antennas that connect to satellites, making them more accessible for space companies, CNBC reported. In 2017, Mendler started working at the Massachusetts Institute of Technology's (MIT) Media Lab.

Persons: —, Mendler, Teddy Duncan, Charlie, Shaurya Luthra, Griffin, @foundersfund, Barbie, lace", endler, egan Organizations: Service, Disney, CNBC, Space, Northwood, ince Locations: @NorthwoodSpace, ath

☆ 58 Black investors changing the venture capital industry with firms that fund diverse startup founders
▼ + stars: | 2024-02-20 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +1 min

Daniel Acheampong and Yasmin Cruz Ferrine, Visible HandsVisible Hands cofounders and general partners Daniel Acheampong and Yasmin Curz Ferrine. Visible HandsNotable investments: Parfait, Athlytic, Dollaride, Hearth Display, Noula, WriteSea, Plot, TANGappWhat kinds of companies he invests in: Pre-seed and seed-stage companies across industries. Why he's on the list: Acheampong and Ferrine cofounded Visible Hands in May 2020 along with Justin Kang to address the ongoing systemic barriers to funding, social capital, and resources plaguing underrepresented founders. At Visible Hands, Acheampong oversees investment processes as a general partner and Ferrine's responsibilities include compliance, capital raising, and investment functions of the firm. Acheampong utilizes his years of experience as an associate at the private equity firm Summit Partners and an analyst at Goldman Sachs.

Persons: Daniel Acheampong, Yasmin Cruz Ferrine, Yasmin Curz Ferrine, Ferrine, Justin Kang, Acheampong, Goldman Sachs, He's, John Hancock, Deval Patrick's, She's Organizations: Summit Partners, Massachusetts Institute, Technology's, Tsai Center, Yale University, Brown Advisory, Investment, Kauffman Locations: Boston

☆ Big Technology's Alex Kantrowitz: The legal action against social media companies has merit
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Technology's Alex Kantrowitz: The legal action against social media companies has meritCNBC's Julia Boorstin with Big Technology's Alex Kantrowitz and University of Florida's Andrew Selepak, join 'Power Lunch' to discuss the lawsuits against the various social media apps.

Persons: Alex Kantrowitz, Julia Boorstin, Big, University of Florida's Andrew Selepak Organizations: University of Florida's

☆ Win over job candidates with these responsible AI best practices
▼ + stars: | 2024-02-12 | by ( Sponsor Post | Created Indeed With | ) www.businessinsider.com time to read: +8 min

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

☆ How Axe Body Spray is trying to move beyond teenage boys' lockers
▼ + stars: | 2024-02-07 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

If you were a teenage boy in the early 2000s, there's a good chance you wore Unilever 's Axe Body Spray at some point. Axe Body Spray entered the U.S. market in 2002, and within a decade of its arrival, Unilever was bringing in nearly half a billion dollars in domestic sales for Axe products, according to estimates from market research firm Kline & Company. But as the brand took off, its offerings rapidly expanded as it was churning out new lines of body wash and hair care. "They launched all different other products that took the advertising dollars away from the body spray itself. 1 men's deodorant worldwide, selling $1.7 billion worth of deodorant and body spray in 2022, according to Euromonitor International.

Persons: there's, John Hegarty, Bartle Bogle Hegarty, Kline, Ann Gottlieb, Stephan Kanlian Organizations: Unilever, Kline & Company, Fashion Institute, Technology's, Euromonitor Locations: London, U.S

☆ Recent tech layoffs isn't a moment where AI is replacing engineers: Big Technology's Alex Kantrowitz
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecent tech layoffs isn't a moment where AI is replacing engineers: Big Technology's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Squawk Box' to discuss the mounting tech layoffs, the impact of Ai on the job cuts, and more.

Persons: Big, Alex Kantrowitz Alex Kantrowitz, Ai Organizations: Big Technology

☆ 5G-powered wearable tech could be the key to inclusive experiences for deaf and hard-of-hearing audiences at live performances
▼ + stars: | 2024-01-30 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Wearable technology has been used in multiple industries, such as healthcare and fitness. Fewer lags and faster download speeds make the real-time experience required for wearable technology possible. The primary purpose of the wearables, she said, is to help those who are deaf or hard of hearing experience music inclusively. The Vibrotextile wearable technology is a haptic vest with wrist and ankle bands. "People want to be connected, and I think that's the most important aspect of technology," Rosella said.

Persons: —, Jill Stark, Stark, Jeffrey Stark, Jill Stark Stark, Francesca Rosella, Rosella, CuteCircuit, Stark —, SoundShirts, Cooper Hewitt, Don Emmert, Rachel Arfa, Daniel Belquer, Belquer Organizations: Service, Lyric Opera of Chicago, Fortune Business, Lyric Opera, Smithsonian Design, Getty, Chicago Lyric Opera, Chicago Mayor's, People, Labs, 5G Locations: London, New York City, AFP

☆ OpenAI is working on AI education and safety initiative with Common Sense media
▼ + stars: | 2024-01-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

OpenAI said Monday that it's partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. Common Sense, a nonprofit focused on making technology safe and accessible to kids, has been working to develop an AI ratings and review system intended for parents, children and educators to better understand the technology's risks and benefits. In September, Craig Newmark Philanthropies, the Craigslist founder's philanthropic arm, said it contributed $3 million to help fund a Common Sense artificial intelligence and education initiative. OpenAI and Common Sense didn't say how LLMs will be tweaked to help aid educators or teens. Altman said LLMs customized for educational purposes could help teens "who want to learn about science or learn about biology."

Persons: Sam Altman, OpenAI, Jim Steyer, Altman, Craig Newmark Philanthropies, Newmark Organizations: Economic, Media, Craigslist, CNBC, Microsoft Locations: Davos, Switzerland, San Francisco

☆ Pentagon says it created more hoops to jump through on AI weapons to calm fears it was 'building killer robots in the basement'
▼ + stars: | 2024-01-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

The update was partially to assure people that DoD wasn't "building killer robots in the basement," a senior official said. The US and some of its adversaries are making rapid progress on AI weapons, with lots of controversy in the mix. Last year, DoD updated its directive on autonomy in weapons systems, which was originally published back in 2012. AdvertisementThe move reflects the US' growing interest and progress in developing AI weapons systems. Other nations, however, had hoped to use the UN as a platform to propose restrictions and limit how autonomous weapons operate.

Persons: —, Kathleen Kicks, Dominic Garcia, William Pugh, Michael C, Horowitz, isn't, Henry M, Jackson, Devin M, Langer, Tiffany Price, Khalil Hashmi, Hicks Organizations: Defense Department, DoD, Service, Pentagon, of Defense, Air Force, Barksdale Air Force Base, Defense for Force Development, Center for Strategic, International Studies, AI, Technologies, Strategic, Joint Chiefs, Staff, Tyndall Air Force Base, United Nations, New York Times, UN, The Times Locations: China, La, Ukraine, Fla, United, Russia, Australia, Israel, Pakistan

☆ Are companies beyond Nvidia actually profiting from AI yet? Microsoft earnings to be litmus test
▼ + stars: | 2024-01-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Microsoft earnings due out later this month could serve as the next major test for artificial intelligence as investors hunt for signs that the buzzy technological innovation is actually boosting companies' bottom lines. Nvidia has been an exception, blowing past Wall Street's guidance for the past few quarters due to AI tailwinds . The remarks led some Wall Street analysts to fret over a delayed ramp-up in AI availability. "There are going to be some outliers, but for the most part there is more risk-reward related to AI going into this earnings period." More loosely, Wall Street analysts have expressed concerns about AI monetization and expectations across the sector heading into the fourth-quarter reporting period.

Persons: Paul Meeks, Merrill Lynch, Piper Sandler, OpenAI, Amy Hood, Copilot, Micrsoft, Meeks, Amy Kong, Nancy Tengler, Gene Munster, Corient's Kong, Wolfe, Alex Zukin, Dubravko, Michael Bloom Organizations: Microsoft, Merrill, Merrill Lynch Investment, Nvidia, Wall, Baker School of Business, The, Investments, Asset Management, Munster, Wall Street, Tech Locations: OpenAI, hasn't

☆ AI must radically redesign work before it can make employees more productive, expert says
▼ + stars: | 2024-01-21 | by ( Beatrice Nolan | Spriha Srivastava | ) www.businessinsider.com time to read: +2 min

AI needs to radically change work before it can help workers, a future of work expert says. He said leaders needed to "redesign work" before AI could make workers more productive. Instead, he said incorporating the tech would take lots of effort to "redesign work and everything that surrounds work to get to some of the gains." Several, including AT&T and Deloitte, have introduced their own GPT-backed tools to help workers boost workers productivity. "Many of our leaders don't have the right mindset to redesign work humanistically as opposed to just looking for the opportunity to drive the next dollar of profit," he said.

Persons: Ravin Jesuthasan, —, Ravin, Mercer, Jesuthasan Organizations: Davos, Service, Deloitte Locations: Davos

☆ Don't worry — the machines won't be as smart as humans for a long time, because they've still got a lot to learn
▼ + stars: | 2024-01-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Much of today's most popular AI models, such as OpenAI's GPT-4, are trained on what's publicly available on the internet. It's worth noting that AI models exist today that are pretty effective at generating images, but these are text-to-image models, like Midjourney and Stable Diffusion. Koller also sees issues with today's LLMs. This isn't the first time doubts have been raised about the capacity of today's AI models. Steve Jennings/Getty Images for TechCrunchThis is not to say today's LLMs are useless.

Persons: —, OpenAI's ChatGPT, Bill Gates, Daphne Koller, MacArthur, Koller, Neilson Barnard, chatbots, Yann LeCun, –, today's LLMs, LLMs, that's, Kai, Fu Lee, Steve Jennings Organizations: Economic, Service, Big Tech titans, Google, Microsoft, Getty, Meta Locations: Davos, Switzerland, today's, silico

"You've now reached the end of today's AI utility," Gelsinger said. "This next phase of AI, I believe, will be about building formal correctness into the underlying models." "Certain problems are well solved today in AI, but there's lots of problems that aren't," Gelsinger said. "Basic prediction, detection, visual language, those are solved problems right now. But at the end of the day, I need the knowledge worker to say is it right."

Persons: Pat Gelsinger, You've, Gelsinger Organizations: Microsoft, Google, Intel, CNBC Locations: DAVOS, Switzerland

☆ These are the skills employers are looking for as AI use expands, according to leaders at Davos
▼ + stars: | 2024-01-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Read previewSince the release of ChatGPT just over a year ago, it's become increasingly clear that the world will have to adapt as the influence of generative AI grows. And that's been borne out at this year's World Economic Forum in Davos, where AI has been a key topic. Business Insider spoke to industry leaders from companies including McKinsey, KPMG, IBM, and Coursera about the skills they believe will be important in the era of generative AI. Know how to optimize data for generative AI. "Being able to look at data, evaluate data, cleanse data, anonymize data — all that — is going to be even more important than historically it's been," Knopp said.

Persons: —, it's, Katy George, George, Paul Knopp, Knopp, that's, Jeff Maggioncalda, Maggioncalda, John Granger, Granger Organizations: Service, Business, Economic, McKinsey, KPMG, IBM, KPMG US, IBM Consulting, Employees Locations: Davos, Maggioncalda

☆ A former OpenAI exec says AI could be the last technology humans ever invent
▼ + stars: | 2024-01-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

So now you start compounding the implications on life sciences, and biosciences and it gets really, really exciting. I will say this, I don't think that it is currently popular to espouse an overwhelmingly positive sentiment, because I think it is seen as naive. I think we are so wrapped up in the Terminator Skynet idea, and I just don't think that's even remotely interesting given what we think we're building. I point to nuclear as the best example of how one policy, especially influenced by public perception, can have a really, really incredible consequence on the human experience. I think there is not enough attention paid to the issue of AI versus AI.

Persons: Zack Kass, Kass, Santa Barbara, Sam, Altman, I've, we're Organizations: Artificial Intelligence, biosciences, Artificial General Intelligence Locations: Santa, China

☆ Finding quality stocks in what could be a tougher year for investors
▼ + stars: | 2024-01-16 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors may want to look at quality names as the market stalls. In a turbulent environment, traditional market wisdom suggests investors can be best served by having exposure to quality stocks. The average price target implies a gain of 6.2% over the next year, adding to its advance of more than 56% in 2023. Wells Fargo's Michael Turrin recently hiked his price target on Microsoft to $435 per share from $425, seeing an "uplift" driven by artificial intelligence. The average analyst also anticipates a better path ahead, with a price target reflecting an upside of about 24%.

Persons: CMEGroup's, Wells Fargo's Michael Turrin, ResMed, RMD, Peter Low Organizations: Traders, Federal Reserve, CNBC, CNBC Pro, Microsoft, FactSet, Oil, Exxon Mobil, Exxon, Super

☆ After big tech layoffs, Silicon Valley may have lost its monopoly on workers
▼ + stars: | 2024-01-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

According to Dice's 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. According to Art Zeile, CEO of tech careers marketplace Dice, tech workers are most in demand in the aerospace, consulting, health care, financial services and education industries. Zeile says it's in spaces like these — non-tech enterprises with major tech branches — that tech workers can find better work-life balance and more stability than the tech leaders can provide. In corporate America outside of big tech, he said, "There is more of a dedication to making sure that the project gets fulfilled." Tech job growth geographicallyUltimately, Zeile says recent layoffs have induced a jarring disruption in two decades of growth in big tech.

Persons: Justin Sullivan, Jeff Spector, Spector, I'm, CBRE, Art Zeile, Zeile Organizations: Google, Tech, Meta, Microsoft, MGM Studios Locations: Mountain View , California, Silicon Valley, Seattle, America, India

☆ NASA's $93 billion moon-landing program looks really bad right now
▼ + stars: | 2024-01-09 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

The first human moon landing in more than 50 years also got bumped, from 2025 to September 2026. CHANDAN KHANNA/Getty ImagesLaunched on Monday as part of NASA's commercial lunar program, Astrobotic Technology's Peregrine lander was supposed to serve as a scout for the astronauts. Related storiesNASA is relying heavily on private companies for its Artemis moon-landing program for astronauts, named after the mythological twin sister of Apollo. SpaceX's Starship mega rocket will be needed to get the first Artemis moonwalkers from lunar orbit down to the surface and back up. In a test flight of its new moon rocket in 2022, the space agency sent an empty Orion capsule into lunar orbit and returned it to Earth.

Persons: —, Bill Nelson, Peregrine Lunar Lander, CHANDAN KHANNA, Astrobotic, Peregrine, Artemis, Timothy Clary, Elon Musk's, Amit Kshatriya Organizations: NASA, Service, Artemis, United Launch Alliance, Houston, Getty, SpaceX Locations: Pittsburgh, Texas, of Mexico, AFP

☆ The CEO of Verizon's mobile unit has a bold ambition for salespeople and call centers in 2024
▼ + stars: | 2023-12-21 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

He became the CEO of Verizon's consumer group, which includes its flagging mobile unit. As he took on his new role, Sampath worked at Verizon stores and one of the company's overseas call centers. There's uncertainty about the economy. There's uncertainty with elections looming, and it's going to be massively polarizing. AdvertisementYou will have companies that attract certain talent and companies that don't attract certain talent, and that's going to have long-term consequences.

Persons: —, Sampath, it's, what's, We'd, I've, there's, you've, They're Organizations: Service, Verizon, Business Locations: America

☆ Virtual-reality tech is helping real-estate agents and homebuyers save time and close deals — even remotely
▼ + stars: | 2023-12-14 | by ( Ngozi Nwanji | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn a world filled with news about seemingly endless types of emerging technology, virtual-reality, or VR, tech has become a tool that many businesses are leveraging. Research from Goldman Sachs estimated that 130,000 real-estate agents used VR to show homes in 2020, per Encora. Indeed, virtual tours were key to keeping the real-estate market alive while COVID-19 restrictions were in place. For properties that have a Matterport virtual tour available, people can "enter VR" and move within the virtual space online, Bowerman told BI.

Persons: —, it's, Goldman Sachs, Isamar Troncoso, homebuying James Bowerman, Bowerman, you'll, hadn't, Patricio Navarro, Navarro, there's Organizations: Realtors, realtors, Service, Grand View Research, VR, Research, Goldman, Harvard Business School, Real Creative Group, Compass, Property Locations: Matterport, Maryland, Miami, New York City

☆ Marissa Mayer wants to embrace the AI race and risks — in the right way
▼ + stars: | 2023-12-12 | by ( Josée Rose | Alistair Barr | ) www.businessinsider.com time to read: +3 min

Marissa Mayer has worked at Google, Yahoo, and founded a startup called Sunshine. But perhaps what Mayer should be most known for is her early bet on artificial intelligence. AdvertisementAs the generative-AI race picks up speed, Mayer said we have to understand the technology's "discomfort zone." Advertisement"What happens with the artificial intelligence the West develops, versus the AI that's developed inside of China?" "The values, standards, and a lot of different things in terms of what goes into the underpinnings of AI is very different across cultures."

Persons: Marissa Mayer, Mayer, —, I've, Sundar Pichai Organizations: Google, Yahoo, Service, Business, Stanford University, Big Tech Locations: Silicon Valley, China, America

These two diverging camps — the open and the closed — disagree about whether to build AI in a way that makes the underlying technology widely accessible. "So it’s not like a thing that is locked in a barrel and no one knows what they are.”Political Cartoons View All 1277 ImagesWHAT'S OPEN-SOURCE AI? Part of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Weights are numerical parameters that influence how an AI model performs.

Persons: they’re, That's, ”, Darío Gil, Alliance —, ” Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, “, Oppenheimer ’, Camille Carlton, Yann LeCun, LeCun, fearmongering, ” LeCun, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Tech, Meta, IBM, Alliance, Google, Microsoft, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

☆ Meta and IBM launch alliance advocating 'open science' approach to AI, putting them at odds with rivals like Google and OpenAI
▼ + stars: | 2023-12-05 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Meta and IBM have launched an alliance that's calling for an "open science" approach to AI development. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that's advocating for an "open science" approach to AI development that puts them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI. AdvertisementPart of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Biden's order described open models with the technical name of "dual-use foundation models with widely available weights" and said they needed further study.

Persons: —, they're, That's, Darío Gil, Alliance —, Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, Oppenheimer, Camille Carlton, Yann LeCun, LeCun, fearmongering, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Meta, IBM, Google, Microsoft, Service, Tech, Alliance, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

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