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☆ What Bard said when Google VC asked the A.I. about the value of corporate diversity
▼ + stars: | 2023-04-20 | by ( Carolyn Chun | ) www.cnbc.com time to read: +4 min

Stewart asked Bard, Google's first public version of a generative AI chatbot — and a rival to Microsoft -funded OpenAI ChatGPT — about the value of corporate diversity. The AI generated many of the points she makes in pushing the case for greater diversity in the workplace. Gradient is looking for founders that are building this AI "data moat" and "go-to expertise" into their businesses, she said. But she stressed that as AI is adopted, it is important that the development of the tech reflects diversity in development. Thinking about generational diversity may be as important as ethnic, racial and gender diversity as AI goes mainstream, too.

☆ ChatGPT may be able to predict stock movements, finance professor shows
▼ + stars: | 2023-04-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting stock prices. If ChatGPT can display the emergent ability to understand headlines from financial news and how they might impact stock prices, it could could put high-paying jobs in the financial industry at risk. About 35% of financial jobs are at risk of being automated by AI, Goldman Sachs estimated in a March 26 note. But the specifics of the experiment also show how far so-called "large language models" are from being able to do many finance tasks. "On the regulation side, if we have computers just reading the headlines, headlines will matter more, and we can see if everyone should have access to machines such as GPT," said Lopez-Lira.

☆ Japan government weighs A.I. adoption as OpenAI CEO Sam Altman visits Prime Minister Fumio Kishida
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: +1 min

OpenAI logo displayed on a phone screen and ChatGPT website displayed on a laptop screen are seen in this illustration photo taken in Krakow, Poland on December 5, 2022. Japan will consider government adoption of artificial intelligence technology such as OpenAI's ChatGPT chatbot if privacy and cybersecurity concerns are resolved, Chief Cabinet Secretary Hirokazu Matsuno said on Monday. The remarks from Matsuno, the top government spokesperson, came shortly before Sam Altman, chief executive of OpenAI, met Japanese Prime Minister Fumio Kishida during a visit to Japan, where Altman said his company is "looking at opening an office." "We hope to ... build something great for Japanese people, make the models better for Japanese language and Japanese culture," Altman told reporters following his meeting with Kishida. Asked about Italy's temporary ban on ChatGPT — developed by Microsoft backed OpenAI — Matsuno told a regular news conference that Japan is aware of other countries' actions.

☆ Google reveals its newest A.I. supercomputer, says it beats Nvidia
▼ + stars: | 2023-04-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

While Nvidia dominates the market for AI model training and deployment, with over 90%, Google has been designing and deploying AI chips called Tensor Processing Units, or TPUs, since 2016. On Tuesday, Google said that it had built a system with over 4,000 TPUs joined with custom components designed to run and train AI models. It's been running since 2020, and was used to train Google's PaLM model, which competes with OpenAI's GPT model, over 50 days. Google's TPU-based supercomputer, called TPU v4, is "1.2x–1.7x faster and uses 1.3x–1.9x less power than the Nvidia A100," the Google researchers wrote. For example, Google said that Midjourney, an AI image generator, was trained on its TPU chips.

☆ Former Google CEO Eric Schmidt says those in AI industry have to 'make sure' the technology 'doesn't harm but just helps'
▼ + stars: | 2023-04-02 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +3 min

AI Technology has advanced rapidly and gained popularity in recent years. Former Google CEO Eric Schmidt told ABC News the technology has promise, but there are concerns. He said the industry has to work to find "guardrails" to prevent negative impacts on democracy. Schmidt, who was Google's CEO from 2001 to 2011 and the company's executive chairman from 2011 to 2015, laid out the promise and peril of AI technology during the interview. The tech leader said the entire industry needs to come together to figure out appropriate "guardrails" because the technology is only going to get bigger.

☆ The FTC should investigate OpenAI and block GPT over 'deceptive' behavior, AI think tank claims
▼ + stars: | 2023-03-30 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —An AI policy think tank wants the US government to investigate OpenAI and its wildly popular GPT artificial intelligence product, claiming that algorithmic bias, privacy concerns and the technology’s tendency to produce sometimes inaccurate results may violate federal consumer protection law. “We believe that the FTC should look closely at OpenAI and GPT-4,” said Marc Rotenberg, CAIDP’s president and a longtime consumer protection advocate on technology issues. Microsoft and Google have both begun to integrate that same type of AI into their search products, with Microsoft’s Bing running on the GPT technology itself. In industry parlance, these types of mistakes are known as “AI hallucinations” — and they should be considered legally enforceable violations, CAIDP argued in its complaint. The complaint acknowledges that OpenAI has been upfront about many of the limitations of its algorithms.

☆ Goldman Sachs is exploring use cases for large language models, the same AI fueling ChatGPT. Here's 3 areas where the bank is experimenting with the tech.
▼ + stars: | 2023-03-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. With advances in generative AI and large language models, the realm of possibilities have been blown way open. Argenti and Tsementzis outlined three ways Goldman is experimenting with large language models. Summarizing and extracting data from documentsGoldman's document-management process stands to improve from the use of generative AI, Argenti said. Helping engineers parse through code documentationA big time suck for software engineers is figuring out other peoples' code, Argenti said.

With estimates pushing higher, we think the rally in META still has more room to run, prompting us to raise our price target. Bullpen The newest addition to our bullpen is Foot Locker (FL). Foot Locker has also been a victim of the shift to shopping on ecommerce platforms, given its large presence in malls. But if she can do for Foot Locker what she achieved at Ulta Beauty, Footlocker's shares can go much higher. An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio.

☆ A guy is using ChatGPT to turn $100 into a business making as much money as possible. Here are the first 4 steps the AI chatbot gave him.
▼ + stars: | 2023-03-21 | by ( Jacob Zinkula | Aaron Mok | ) www.businessinsider.com time to read: +6 min

Jackson Greathouse Fall asked ChatGPT to turn $100 into "as much money as possible." Jackson Greathouse Fall, a brand designer and writer, took to Twitter last week to share a prompt that he gave the chatbot. The company is now valued at $25,000, according to a tweet by Greathouse Fall. But when Greathouse Fall learned the domain name cost $848 to acquire, it suggested one that was more affordable: GreenGadgetsGuru.com. Are you using ChatGPT to save time or make money?

☆ Ex-Apple engineer says Siri is way too clunky to ever be like ChatGPT
▼ + stars: | 2023-03-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Ex-Apple engineer John Burkey told NYT that voice assistant Siri may never be as robust as ChatGPT. Generative AI tools like ChatGPT threaten to make voice assistant tech obsolete. John Burkey, an ex-Apple engineer who was tasked to improve Siri in 2014 and left the company in 2016, said that Siri's clunky design makes it difficult to add new features. Burkey's views on Siri come as the wildly popular AI chatbot ChatGPT — which now runs on GPT-4, its most advanced language model yet — threatens to make voice assistant tech obsolete with its impressive capabilities. Siri users have even taken notice, expressing their frustrations on Reddit with questions like "Why is Siri so stupid" and "is Siri getting dumber each year."

☆ How podcasters use ChatGPT and other AI tools in their workflows — and what listeners think the rules should be
▼ + stars: | 2023-03-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

Podcasters have been testing ChatGPT and a variety of other AI tools to support their workflow. 5 podcasters shared how they use AI tools and how they approach ChatGPT. Insider spoke with five podcasters about their use of ChatGPT and other AI tools in their everyday workflow. They also said they'd successfully experimented with other AI tools that cut down the editing and marketing portion of the process. Osborne and Motiversity founder Joel Huculak have used ChatGPT to write scripts for these videos.

☆ Bank of America shares 4 reasons why AI is having its 'iPhone moment' and could have a $15.7 trillion impact on the global economy by 2030 — while enriching investors in these 13 industries along the
▼ + stars: | 2023-03-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Artificial intelligence (AI) may be having its "iPhone moment," according to Bank of America. In fact, the firm has cited an estimate from PwC that AI's economic impact could be $15.7 trillion by 2030. "This could be the 'iPhone moment' for AI." And like smartphones existed prior to the iPhone, AI predates ChatGPT by many years. At that rate, AI could be a million times more powerful than ChatGPT is now in the next 10 years, Israel wrote.

The news: Morgan Stanley said Alphabet, Amazon (AMZN) and Meta are among the stocks that are best positioned to capture long-term gains from maturing artificial intelligence (AI) capabilities. AI has the ability to "accelerate digital transformation, change consumer behavior and drive more durable multi-year digital growth," Morgan Stanley analysts wrote in a research note this week. Moreover, this "AI Effect" could create a $780 billion online advertising opportunity, with "GOOGL and META as the largest beneficiaries," according to Morgan Stanley. The Club take: The Morgan Stanley note is further validation of just how real the generative AI opportunity is. So, it's encouraging to see Morgan Stanley paint a positive picture about Apple in the near-to-medium term.

☆ More automation, not just additional tech talent, is what is needed to stay ahead of cybersecurity risks
▼ + stars: | 2023-03-02 | by ( Susan Caminiti | ) www.cnbc.com time to read: +4 min

Further, 93% of the CISOs surveyed believe they are spending too much time on tactical tasks instead of performing strategic, high-value work and management responsibilities. Among the CISOs surveyed, 100% said they needed additional resources to adequately cope with current IT security challenges. But there are solutions — and it's not just finding more talent, says George Tubin, director of product marketing at Cynet. All these people are my partners and working with them enables us to stay ahead of risks." "It's not that CISOs don't realize the job comes with a certain amount of stress," Tubin says.

☆ Jim Cramer's Investing Club meeting Tuesday: Oil, Meta, Linde
▼ + stars: | 2023-02-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Meta Platforms Shares of Club holding Meta Platforms (META) were up more than 3% in midmorning trading after CEO Mark Zuckerberg announced Monday that the tech giant is forming a new team to work on incorporating generative AI into its products. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ It's not just you: Cybercriminals are also using ChatGPT to make their jobs easier
▼ + stars: | 2023-02-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +8 min

ChatGPT can quickly generate targeted phishing emails or malicious code for malware attacks. AI companies could be held liable for chatbots counseling criminals since Section 230 may not apply. Sergey Shykevich, a lead ChatGPT researcher at cybersecurity company Checkpoint security, has already seen cybercriminals harness the AI's power to create code that can be used in a ransomware attack. In dealing with unlawful or criminal content on their sites from third-party users, most tech companies cite Section 230 of the Communications Decency Act of 1996. In addition, ChatGPT continues to implement guardrails to deter illegal activity, although these guardrails can often be sidestepped with the right script.

☆ Gary Vaynerchuk compares the rise of AI like ChatGPT to the way the internet revolutionized work: 'AI is coming for our jobs and that's ok'
▼ + stars: | 2023-02-24 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Gary Vaynerchuk predicts that AI software like ChatGPT will eliminate many jobs. He's optimistic about workers' ability to rally and adapt to AI, or create new roles. That's been true to an extent about previous types of automation, but AI looks likely to impact a broader demographic of workers. Like Vaynerchuk points out, there's some reason to be optimistic long-term about the job shake ups technology can cause. But Vaynerchuk is more convinced that AI represents the status quo for automation.

☆ Nvidia stock jumps on Wall Street praise, bolstering the Club case in the chipmaker
▼ + stars: | 2023-02-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Fourteen of those 18 analysts rate the stock a buy, or buy equivalent, compared with four who maintain hold ratings. But Goldman Sachs was the only bank to raise its stock rating on Nvidia, to buy from neutral, making its research note on the chipmaker Thursday's most notable. In addition to now recommending clients buy Nvidia stock, Goldman boosted its 12-month price target to $275 a share from $162. Big picture NVDA 1Y mountain Nvidia's stock performance over the past 12 months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ A Chinese resident used ChatGPT to produce a viral government notice. Many were shocked to learn it was fake.
▼ + stars: | 2023-02-23 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Chinese residents were shocked to learn that ChatGPT wrote a viral notice, per Sixth Tone. But some Chinese residents have gotten access to the chatbot — even using it to spread misinformation. Chinese residents across social media were shocked to learn that a notice they thought was published by the city of Hangzhou's municipal government was actually generated by ChatGPT, Sixth Tone, a Chinese media outlet, reported. When the post went viral, many Chinese residents thought it was real. The incident spooked many Chinese residents, some of whom went to Weibo — a Chinese social media platform — to express their concerns.

☆ The CEO of far-right network Gab says AIs like ChatGPT are 'satanic' and floats creating a Christian one to fight back
▼ + stars: | 2023-02-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

The CEO of the far-right social network Gab wants to build an explicitly Christian AI. Insider asked ChatGPT whether it thinks it is satanic, to which it said no. Insider asked ChatGPT if it's satanic, and this was its response. Screenshot/ChatGPTIn his article, Torba asked: "If the enemy is going to use this technology for evil, shouldn't we be on the ground floor building one for good?" Insider asked ChatGPT what it thought of Torba's article, and was told it was "misguided."

☆ ChatGPT recommends 5 books to become a smarter investor - including 2 tied to Warren Buffett
▼ + stars: | 2023-02-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Insider's Phil Rosen asked ChatGPT to share book recommendations for someone looking to become a better investor. OpenAI's language bot listed five titles, including two with ties to Warren Buffett. ChatGPT generated a list of five books, including two that have ties to Berkshire Hathaway Chairman and CEO Warren Buffett. 'The Intelligent Investor' by Benjamin GrahamThis is the first book ChatGPT listed with ties to Buffett: Graham was one of Buffett's mentors. "These books provide a solid foundation for understanding how to invest in the stock market intelligently," ChatGPT concluded.

☆ 2 writers who get paid to produce assignments to let lazy students cheat suspect ChatGPT is stealing their customers
▼ + stars: | 2023-02-18 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +5 min

People who get paid to write students' assignments told Insider they're already losing work. Insider spoke with Austin and Taylor, who both get paid to help college students cheat. "I began my professorial career as a one-year lecturer at a flagship state university," Taylor said. After she shared her confusion, colleagues told Taylor about the bespoke essay-writing business and she decided to try it out herself. "I'm currently looking for other types of writing work, because there's really no way to see where this is going to go," Taylor said.

☆ The new Bing may not be the game-changer Microsoft wanted it to be, but it's still lit a fire under Google
▼ + stars: | 2023-02-18 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Users have had creepy, unsettling exchanges with Bing, resulting in Microsoft limiting some features. Win or lose, though, Microsoft Bing has successfully pushed Google towards much-needed innovation. Microsoft CEO Satya Nadella was not shy about his intent to use the OpenAI partnership as a way to make Google "dance." As I heard someone say this week, Microsoft seems to be speed-running the Gartner hype cycle. It's hard not to feel like Google search has fallen far from its beginnings at what was the most useful, most simple, and cleanest search engine in what was an extremely competitive market.

☆ Tech's on a roll. But some market pros aren't convinced
▼ + stars: | 2023-02-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Bill Smead, chief investment officer at Smead Capital Management, for example, says it has the hallmark of a bear market rally. "We believe that enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally. Whether it be Tesla or any of the aggressive growth stocks, they are in a bear market rally and they are going to try to convince people that the bear market is over. "And that's what a bear market rally looks like it. JPMorgan has also turned more bearish on the tech sector, just months after it turned positive on the sector in October.

☆ Elon Musk, who co-founded firm behind ChatGPT, warns A.I. is 'one of the biggest risks' to civilization
▼ + stars: | 2023-02-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

"One of the biggest risks to the future of civilization is AI," Musk told attendees at the World Government Summit in Dubai, shortly after mentioning the development of ChatGPT. "It's both positive or negative and has great, great promise, great capability," Musk said. ChatGPT "has illustrated to people just how advanced AI has become," according to Musk. "I think we need to regulate AI safety, frankly," Musk said. The billionaire has long warned of the perils of unfettered AI development.

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