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☆ Microsoft jumped headfirst into the AI race. Now it's cashing in.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Microsoft's early investment in AI may already be paying off. AdvertisementAdvertisementAfter heavily investing in OpenAI after the launch of ChatGPT, Microsoft sparked something of an AI arms race among its big tech rivals. Microsoft's success had a lot to do with the success of Copilot, Rotibi said. "Microsoft has captured the zeitgeist of kind of the AI and generative AI with copilot," she said. Despite Microsoft''s success, Rotibi said it was still too early to call a winner in the AI race or say whether Google was falling behind.

Persons: —, Satya Nadella, Dan Ives, Ives, Bola Rotibi, Rotibi, It's Organizations: Service, Microsoft, CNBC, Google, CCS Insight, OpenAI, Excel Locations: OpenAI, Refinitiv

☆ Microsoft profit pops 27% as Azure growth accelerates
▼ + stars: | 2023-10-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft Microsoft shares jumped as much as 5% in extended trading on Tuesday after the software maker issued fiscal first-quarter results that beat Wall Street estimates. Here's how the company did:Earnings: $2.99 per share, vs. $2.65 per share as expected by LSEG, formerly known as Refinitiv. Microsoft doesn't disclose Azure revenue in dollars. At constant currency, Azure revenue rose 28%, accelerating from 27% in the fiscal fourth quarter. That was up 3% and higher than the $12.85 billion StreetAccount consensus.

Persons: Satya Nadella, StreetAccount Organizations: Microsoft, Washington , D.C, Microsoft Microsoft, Wall, LSEG, Revenue, CNBC, Bing Locations: Washington ,

Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business. Alphabet has prioritized snaring AI startups as customers for its cloud division, while Microsoft has relied on its existing relationships to secure larger customers. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year. Quite surprising to see strong growth reacceleration in the Azure Cloud segment, which is clearly driven by AI-as-a-service related demand," said Global X analyst Tejas Dessai.

Persons: Microsoft's, Bob O'Donnell, Bing, Bard, Amy Hood, Krishna Chintalapalli, capex, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Stephen Nellis, Sayantani Ghosh, Sonali Paul Organizations: Microsoft, Wall, Microsoft's, TECHnalysis, Parnassus Investments, DAZZLES, Alpha, RBC Capital Markets, Reuters Graphics Microsoft, Tejas Dessai, AWS, Thomson Locations: Bengaluru, Anna, San Francisco

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ Don't expect ChatGPT to help you land your next job
▼ + stars: | 2023-10-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Recruiters told Insider they caught candidates using the AI chatbot to write cover letters and answer questions. AdvertisementAdvertisementKnowing how to use OpenAI's ChatGPT could potentially help you land your next job — unless you trust the AI chatbot to apply for roles for you, recruiters told Insider. Shapiro admits that using ChatGPT can be "great' in helping applicants "brainstorm verbs" and reframe language that can "bring a level of polish to their applications." AdvertisementAdvertisementA "really bad practice"If used improperly, ChatGPT can actually stop a job applicant from moving forward in the hiring process. AdvertisementAdvertisementThe human touch may be what stops job candidates from getting replaced by AI.

Persons: —, ChatGPT, they've, Alex Shapiro, she's, Shapiro, Jasper, shouldn't, Coronini, he's, Lindsey Duran, Chris Foltz, Duran, Nvidia's Duran, Ashley Couto Organizations: Service, Nvidia, National Bureau of Economic Research, IBM Locations: Jasper

casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, ”, “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, —, Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: ”, Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman

☆ Want a job in AI? 4 tips from hiring leaders at IBM, Nvidia, and AI startups on how to land one.
▼ + stars: | 2023-10-18 | by ( Aaron Mok | ) www.businessinsider.com time to read: +9 min

Companies are hiring for AI talent as they seek to cash in on the generative AI hype. Insider spoke to four hiring leaders to get their advice on how to land a job in AI. Since OpenAI launched ChatGPT last November, generative AI technology has taken the corporate world by storm. Here are 4 tips from hiring leaders on how to increase your chances of landing a job in AI. 2) Demonstrate your interest in AI during the interview — and be able to prove itIf you're lucky enough to land an interview, be prepared to talk about your interest in generative AI.

Persons: —, OpenAI, ChatGPT, it's, Lindsey Duran, Chris Foltz, Flavien Coronini, Coronini, Alex Shapiro, Jasper AI, Shapiro, they've, there's, Jasper, Duran, Foltz Organizations: Service, Venture, Netflix, Employers, IBM, Nvidia, Jasper Locations: Jasper

☆ Layoffs hit coding community Stack Overflow as software engineers increasingly shift to AI for help
▼ + stars: | 2023-10-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Coding community Stack Overflow announced on Monday that it's laying off 28% of its staff. Many generative AI models were partly trained on Stack Overflow's information. This is the second round of layoffs Stack Overflow has had this year — it laid off 10% of its workforce in May. Stack Overflow recently announced the new round of layoffs after more than doubling its headcount in 2022. "Some of them are very explicit about calling out Stack Overflow as a primary source," Chandrasekar previously told Insider.

Persons: Stack, —, GitHub, OpenAI's, Prashanth Chandrasekar, Chandrasekar Organizations: Service

☆ Microsoft CEO Satya Nadella says he weighs 2 factors when considering making an acquisition
▼ + stars: | 2023-10-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Satya Nadella has orchestrated a slew of acquisitions at Microsoft since becoming CEO in 2014. His remarks come on the heels of Microsoft closing its $69 billion Activision Blizzard deal. AdvertisementAdvertisementSatya Nadella has closed a number of deals for Microsoft in his tenure as CEO, and he says there are two key factors he considers when eyeing possible acquisitions. Nadella discussed his thought process for acquisitions while speaking at the Axel Springer Award ceremony in Berlin on Tuesday. Axel Springer is Insider's parent company.

Persons: Satya Nadella, Axel Springer's, —, Nadella, Axel Springer Organizations: Microsoft, Activision Blizzard, Service, Activision, Mojang Studios Locations: Berlin

☆ Big Tech is promising AI assistants straight out of 'Iron Man' in an attempt to tackle our endless lists of 'crapmin'
▼ + stars: | 2023-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Microsoft, Meta, and more are touting AI assistants that are far more advanced than Siri and Alexa. These AI assistants have the potential to deal with tedious digital tasks, or "crapmin." From Microsoft to Meta, tech companies leading the charge in AI are starting to make clear what the future of AI looks like to them. Meta's AI assistant "surfaces options directly in the chat, so you can decide as a group which location to explore." Letting an AI assistant take care of all aspects of our "crapmin" will require a lot of confidence in its capabilities.

Persons: Siri, Alexa, Tony Stark's Jarvis, —, Man's, AI's Jarvis, Iron, Satya Nadella, Mark Zuckerberg, resuscitating, Zuckerberg, –, Jarvis, they've, Copilot, Yusuf Mehdi, Bing, Mehdi Organizations: Microsoft, Meta, Service, Man's Stark Industries, Meta's Connect, Bing Locations: California

☆ Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.
▼ + stars: | 2023-10-04 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

There's a new stack of hardware, software, tools, and services that will power AI applications for years to come. Cloud 2.0Another key point here: Most AI developers already know how to use CUDA and Nvidia GPUs. Arguably, Nvidia has already created an AI cloud platform – as AWS once did for the Cloud 1.0 era. James Hamilton is an AWS cloud infrastructure genius who can take on Nvidia, even if the chipmaker has a major head start. Her startup spent months building a data center from scratch to help customers train AI models.

Persons: —, Jensen Huang, Nvidia Rick Wilking, Andrew Ng, CUDA, Michael Douglas, Bernstein, Douglas, Luis Ceze, Ceze, It's, Andy Jassy, Adam Selipsky, James Hamilton, Oren Etzioni, Claude, Dario Amodei, Anthropic Anthropic, Noah Berger, Sharon Zhou, Zhou, Lamini didn't, Etzioni Organizations: Amazon Web Services, Nvidia, Service, Home Depot, AWS, VMware, Cloud, Madrona Venture, Amazon, Amazon Web, Annapurna Labs, Intel, AMD Locations: San Francisco, Seattle, Selipsky

☆ Google is quietly handing out early demos of its GPT-4 rival called Gemini. Here's what we know so far about the upcoming AI model.
▼ + stars: | 2023-09-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Google is preparing to launch its answer to rival OpenAI's GPT-4: Gemini. Gemini is a next-gen, multimodal AI model due for release later this year. The tech is a next-gen, multimodal AI model being worked on by a team of researchers pulled from Google's now-merged AI divisions DeepMind and Google Brain. Gemini is multimodalGoogle's Gemini is a multimodal AI, meaning it can process more than one type of data. Researchers behind the SemiAnalysis blog have also predicted that Google's Gemini would likely outperform GPT-4 because of Google's access to top-flight chips.

Persons: OpenAI's GPT, OpenAI's, Sam Altman, AlphaGo Gemini, Google's DeepMind, AlphaGo, Lee Sedol, ChatGPT, Demis Hassabis, DeepMind, Bard Organizations: Google, Service, OpenAI, AlphaGo, Wired Locations: Wall, Silicon, Google's

☆ John Grisham, George R.R. Martin and other prominent authors sue OpenAI
▼ + stars: | 2023-09-20 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

A group of prominent U.S. authors, including Jonathan Franzen, John Grisham, George R.R. Martin and Jodi Picoult, has sued OpenAI over alleged copyright infringement in using their work to train ChatGPT. In July, two authors filed a similar lawsuit against OpenAI, alleging that their books were used to train the company's chatbot without their consent. In January, Stability AI, Midjourney and DeviantArt were hit with a class-action lawsuit over copyright claims in their AI image generators. Microsoft, GitHub and OpenAI are involved in a proposed class-action lawsuit, filed in November, which alleges that the companies scraped licensed code to train their code generators.

Persons: Sam Altman, OpenAI, Chuck Schumer, Jonathan Franzen, John Grisham, George R.R, Martin, Jodi Picoult Organizations: Intelligence, Senate, U.S, Capitol, Washington , D.C, Authors Guild, OpenAI, Getty, Microsoft Locations: Washington ,, Manhattan

☆ Microsoft AI researchers accidentally leaked company passwords and 30,000 internal Teams messages
▼ + stars: | 2023-09-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

But that accidentally gave full access to a 38TB cloud storage account. However, the cybersecurity firm Wiz discovered that the researchers accidentally gave people access to 38 terabytes worth of data. That's because the Microsoft researchers' GitHub repository told users to download AI models from a cloud storage URL. AdvertisementAdvertisementWiz found that the account included Microsoft employees' personal computer backups, passwords to Microsoft services, secret keys, and over 30,000 internal Teams messages. No customer action is required in response to this issue," Microsoft said in Monday's blog post.

Persons: Wiz Organizations: Microsoft, Service Locations: Wall, Silicon, China

☆ 'The scholar, the pragmatist, and the rainmaker:' How three Bloomberg Beta VCs bet on AI before it became a buzzword
▼ + stars: | 2023-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.

Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California

☆ Insider Today: Tech's biggest lie
▼ + stars: | 2023-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In recent years, some members of Congress have lacked a basic understanding of technology, let alone something as complex as generative AI. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. It's International Equal Pay Day. The UN General Assembly created this day in 2019 with "equal pay for work of equal value" in mind.

Persons: Mark Sumersett, isn't, Simon Simard, Daron Acemoglu, Insider's Aki Ito, Acemoglu, hasn't, Aki, It's, Nat Friedman, Rebecca Zisser, Peter Brown, Marc Benioff, Salesforce, Greg Johnson, Gary Reyes, Janette Beckman, Getty, Johnny Nunez, Lynn Goldsmith, Dakarai Akil, Tupac, Akon, Sean Kingston, Gucci Mane, There's, Carly Pearce, Valter Longo, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, MIT, Renaissance Technologies, Bloomberg Beta, McAfee, Oakland Tribune Staff, Interscope Records, Academy of Country, FOX, UN, Assembly, Getty Locations: Wall, Silicon, New York City, San Diego, London, New York

☆ The raw materials for creating AI
▼ + stars: | 2023-09-15 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com time to read: +5 min

The AI models behind this technology are built using high-quality datasets from millions of different sources. These are the raw materials for model "training," in industry parlance. Nvidia GPUs are the main hardware required for AI model training. AdvertisementAdvertisementOver 8,000 authors, including Margaret Atwood and James Patterson, signed an open letter demanding compensation from AI companies for using their works to train AI without permission. Got a tip or insights about the leading AI companies OpenAI, Google, Microsoft and Meta?

Persons: ChatGPT, Nat Friedman, Ben Thompson, Friedman, There's, OpenAI, Reddit, Sarah Silverman, Margaret Atwood, James Patterson, JK Rowling's Harry Potter, Alistair Barr Organizations: Service, Nvidia, Tech, Amazon, LexisNexis, Meta, Google, Microsoft, Twitter Locations: Wall, Silicon, abarr@insider.com

☆ Bernstein says this software development firm can grow sales by eight times current levels
▼ + stars: | 2023-09-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GitLab could be a winner in the evergreen software space, according to Bernstein. The firm initiated coverage of GitLab stock with an outperform rating as well as a $62 per share price target. According to the analyst, GitLab operates in a duopoly with Microsoft-owned GitHub, with both companies sharing roughly 70% and increasing market share of cloud development Gits, or code repositories. "GitLab's opening is to become the "Switzerland" platform for CI/CD development pipelines — a durable and large market position," Weed said. Still, the firm noted market constraints on Gitlab's pricing power and product expansion options, noting competition from GitHub, Australian software firm Atlassian and potentially Datadog.

Persons: Bernstein, Peter Weed, GitLab, Weed, — CNBC's Michael Bloom Organizations: Microsoft Locations: Switzerland, GitHub

☆ Opinion: Here are the jobs AI will impact most
▼ + stars: | 2023-09-05 | by ( Bethany Cianciolo | Jessica Chia | ) edition.cnn.com time to read: +42 min

Dan’s research and teaching focus is on using AI for legal services and the regulation of AI in society. For instance, we can develop AI tools to help individuals understand their responsibilities and rights, and preserve and enforce those rights. People in businesses, large and small, are already using chatbots, AI assistants and other AI tools to help them comply with laws, regulations and internal policies. Additionally, new roles are emerging in the legal industry, such as legal engineers who build systems, legal data scientists and legal operations professionals. AI tools will then quickly re-optimize decisions associated with inventory shipments, staffing and promotions.

Persons: ” That’s, Dropbox, Goldman Sachs, isn’t, Erich S, Huang, ” Erich S, Huang I’ve, Regina Barzilay, Barzilay, Geoffrey Hinton, radiologists, —, ’, Daniel W, Linna, Dan, …, ” Daniel W, Refik, Anadol, ”, Adam Elmachtoub, Nisreen, Theodore Kim, don’t, ” Theodore Kim Moreover, Janis Joplin, Jackie Jormp, We’re, Baz Luhrmann’s “, Gatsby, That’s, Leonardo DiCaprio, mockbusters, Eirini, GitHub Copilot, Ashok Goel, Jill Watson, ” Ashok Goel, Kristen DiCerbo, Alireza, Davis Organizations: CNN, CNET, International Association of Machinists, Aerospace Workers, Informatics, Verily, Duke Health, Biomedical Informatics, Duke University School of Medicine, Adobe, Apple, Electrical Engineering, Computer Science Department, MIT, Jameel Clinic, Machine Learning, MacArthur, National Academy of Engineering, American Academy of Arts and Sciences, Northwestern’s Pritzker School of Law, McCormick School of Engineering, Northwestern University’s CS, Center, Better Housing, UCLA’s Department of Design Media Arts, The Museum, Modern Art, Centre Pompidou, Walt Disney Concert, Department of Industrial Engineering, Research, Columbia University, NBA, Spice, Digital Organisation and Society, Royal Holloway, University of London, UK Academy of Information Systems, Yale, Pixar, Technical, Writers Guild of America, SAG, Hollywood, YouTube, Tech, Developers, Georgia Institute of Technology, National AI, Adult, Education, US National Science Foundation, Georgia Tech, Khan Academy, Systems, Studies, Agricultural Engineering, University of California, university’s, Agriculture, Labor Locations: outplacement, Iceland

☆ Meta to launch AI model for writing computer codes
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsAug 24 (Reuters) - Meta Platforms (META.O) on Thursday said it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering its push into the new technology. Facebook and Instagram owner Meta has released a flurry of AI models, mostly free, this year, including an open-source language model, called Llama, that poses a serious challenge to proprietary models sold by Microsoft-backed (MSFT.O) OpenAI and Alphabet's (GOOGL.O) Google. The new AI model is built on top of Meta's latest Llama 2 language model and will be available in different configurations, the company said, as it gears up to compete with Microsoft's code-writing tool GitHub Copilot. Code Llama supports the popular coding languages like Python, Java and C++ and is not recommended for general text tasks, Meta said.

Persons: Yves Herman, OpenAI's ChatGPT, Meta, Zaheer Kachwala, Shweta Agarwal Organizations: REUTERS, Facebook, Microsoft, Google, Thomson Locations: Brussels, Belgium, Bengaluru

☆ Google, Amazon, Nvidia and other tech giants invest in AI startup Hugging Face, sending its valuation to $4.5 billion
▼ + stars: | 2023-08-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Hugging Face, an AI firm based in New York, has raised $235 million at a $4.5 billion valuation from some of technology's biggest companies. Hugging Face CEO Clement Delangue said the funds are to be focused on hiring talent to be competitive in the artificial intelligence space. He hopes that AI developers will rely on Hugging Face on a daily basis to get their work done. And if all of them use Hugging Face all day, every day, we'll obviously be in a good position," he said. Hugging Face hosts 500,000 different AI models, 250,000 data sets, and has 10,000 paying customers, the company said.

Persons: Clement Delangue, OpenAI, BLOOM, Delangue Organizations: Google, Nvidia, Salesforce, AMD, Intel, IBM, Qualcomm, Microsoft, Facebook, Meta, CNBC, IDEFICS Locations: New York

☆ Ahead of a full Firefly launch, internal documents show Adobe wrestling with how to spot AI images, how to pay creators for training data, and a possible opt-out
▼ + stars: | 2023-08-22 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

It is also considering adding an opt-out choice for content contributors to its Firefly AI model. One of the things Adobe is wrestling with is what happens if creators upload AI-generated images to the dataset that's used to train Firefly. Secondly, if Adobe Stock gets flooded with unmarked AI images, future iterations of the Firefly model might be tainted. Adobe previously said it was developing a compensation model for Adobe Stock contributors and would share more details at a later date. Clues on how many Adobe Stock contributors will get AI paymentsThe memo said Adobe was planning to update its Firefly FAQ for Stock contributors in September.

Persons: what's, it's, Github, Adobe Organizations: Adobe Stock, Adobe

☆ Microsoft plans AI service with Databricks that could hurt OpenAI- The Information
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. Databricks - a data analytics platform that uses artificial intelligence, which Microsoft would sell through its Azure cloud-server unit - helps companies make AI models from scratch or repurpose open-source models as an alternative to licensing OpenAI's proprietary ones, the report added. Microsoft and Databricks did not immediately respond to a Reuters request for comment. In July, Microsoft laid out an aggressive spending plan to meet demand for its AI services. The company has started integrating AI functionality across its products such as Azure, Microsoft 365, GitHub and several developer tools.

Persons: Gonzalo Fuentes, Databricks, Gursimran Kaur, Anil D'Silva Organizations: Microsoft, REUTERS, Thomson Locations: Issy, Paris, France, Bengaluru

☆ Death by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI world
▼ + stars: | 2023-08-03 | by ( Alistair Barr | Adam Rogers | ) www.businessinsider.com time to read: +12 min

Some AI models that compete against Stack Overflow were partly trained on the company's data. Online communities, like Stack Overflow and Wikipedia, thrived as hubs for experts and curious browsers to come together and share information freely. In 2021, Prosus, a major backer of Chinese tech giant Tencent, bought Stack Overflow for $1.8 billion. However, Nat Friedman, the CEO of Github through 2021, expects tech companies to pay for training data in the future. Stack Overflow is also working on new ways to measure the impact of a human's answer on the platform.

Persons: Prashanth Chandrasekar, OpenAI, Chandrasekar, coders, OpenAI's GPT, Stack, Elon Musk, Andreessen Horowitz, Sam Altman, JASON REDMOND, Jaap Arriens, GitHub, it's, chatGPT, Nasim Uddin, we're, Nat Friedman, Nat Friedman GitHub Friedman, Friedman, Axel Springer, Semafor, Prashanth Organizations: Union Square Ventures, Getty, Twitter, Publishers, Microsoft, Associated Press Locations: GPT, Prosus, AFP

☆ TikTok is building a data-sharing solution called 'PrivacyGo' as it looks to grab ad dollars
▼ + stars: | 2023-08-03 | by ( Dan Whateley | Lauren Johnson | ) www.businessinsider.com time to read: +3 min

TikTok is building a solution that works like a data clean room called PrivacyGo. PrivacyGo may boost TikTok's pitch to brands as regulations and privacy rules weaken ad targeting. TikTok is developing a new privacy-tech solution for advertisers called PrivacyGo, a company spokesperson confirmed to Insider. Though TikTok is a much smaller ad seller compared to Google, Meta, and Amazon, it has been building solutions to entice advertiser budgets. In February, it rolled out new ad tools for small businesses — the types of companies that account for the most ad revenue on Meta and Google.

Persons: TikTok, PrivacyGo, Myles Younger Organizations: Apple, Tech, Google, Meta, United, Government, National Intelligence Law Locations: United States, Beijing

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