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So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

☆ Big Tech goes from 'teenager' to 'grown-up' under landmark EU law. Here's what you need to know
▼ + stars: | 2024-03-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. CNBC runs through how the law impacts large U.S. tech companies — as well as consumers in the EU. The EU Digital Markets Act primarily impacts U.S. tech giants — the likes of Alphabet , Amazon , Apple , and Meta . The rules have already sparked big changes for tech giants in how they serve customers in the EU. It's likely more adjustments will come, as competitors to Big Tech firms aren't happy with the proposals put in place so far.

Persons: Justin Tallis, Bill Echikson, Echikson, ByteDance, Apple Organizations: Apple, Facebook, Microsoft, Getty, Digital Markets, European Commission, Center for, CNBC, Big Tech, EU Digital Markets, Meta, Google, Companies, EU, Spotify Locations: EU, U.S, iPhones

☆ Indeed shares 4 ways companies can ensure their use of AI for hiring is fair, ethical, and effective
▼ + stars: | 2024-03-05 | by ( Sponsor Post | Created Indeed With | ) www.businessinsider.com time to read: +9 min

A recent survey of more than 250 HR leaders in the US found that 73% are using AI in recruitment and hiring processes. Here are four ways organizations can identify risks and ensure their use of AI is fair, ethical, and effective. The starting point for evaluating AI-powered HR tools should be an understanding that the tools are imperfect. Before adopting AI tools, make sure your HR team is sufficiently staffed so that humans can review every step of any process that AI automates. Even with safeguards, the new generation of AI tools are complex and fallible.

Persons: Trey Causey, Causey, Kumarasamy, you've, doesn't Organizations: European Union, CVs, Intelligence, EU, Insider Studios Locations: Canada

☆ Opinion: Here’s what’s at risk if Big Tech doesn’t address deceptive AI content
▼ + stars: | 2024-02-23 | by ( Opinion Timothy Karr | ) edition.cnn.com time to read: +6 min

In response, the platforms have pledged to set high expectations in 2024 for how they “will manage the risks arising from deceptive AI election content,” according to the joint accord. This included rolling back election misinformation policies designed to limit “Big Lie” content about the 2020 vote. Their role as conduits of misinformation will likely increase as the sophisticated AI tools needed to create deepfakes of politicians become more widely available to users of social media. As we learned in the aftermath of the 2020 vote, there are dangerous, real-world consequences when platform companies retreat from commitments to root out disinformation. Unless the companies permanently restore election integrity teams and actually enforce rules against the rampant abuse of AI tools, democracy worldwide could well hang in the balance.

Persons: Timothy Karr, ” Timothy Karr, Joe Biden’s, they’ve, Paul Vallas, Vallas Organizations: Free Press, CNN, Google, Microsoft, Meta, Building, YouTube, Chicago mayoral, Federal Trade Commission Locations: United States

☆ Premarket stocks: Could the Federal Reserve rule out rate cuts in 2024?
▼ + stars: | 2024-02-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Now, some are wondering if the central bank might not cut rates at all in 2024. He expects the central bank to cut rates two to four times this year. Plus, there’s no official indication that the central bank won’t cut rates this year. • If the neutral interest rate, or the rate that maintains full employment and stable inflation, is revised upward closer to 3.5%. The neutral rate should be 2.5%, based on Fed officials’ estimates for the central bank’s key interest rate, inflation and unemployment.

Persons: stoked, Stocks, won’t pare, ”, Tom Graff, Jerome Powell, Oliver Darcy, “, Eddy, Apple’s, Read, Here’s what’s, Chris Isidore Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Deutsche Bank, Fed, Deutsche Bank economists, ” Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, ESPN, Labor Department, Bureau of Labor Statistics, SAG Locations: New York, America

Investors brace for “fireworks”The stock price of the chip giant Nvidia has marched steadily higher over the past year and a half, propelled by investors’ hopes that artificial intelligence is truly transformative technology — and by their hope that the company’s high-end semiconductors will continue to power that technology. But in recent days, the company became the third most valuable listed company in the U.S., only to slump back to fifth. Its shares will face another big test on Wednesday, when Nvidia announces its latest quarterly earnings, with billions in investor capital on the line. After seeing the stock more than double since May on the back of huge demand for Nvidia’s chips, investors are wondering if it’s close to peaking. Opinion on Wall Street appears divided: Bloomberg reports that options traders have piled into both put options, whose value rises as a stock’s price falls, and call options.

Persons: ’, Brace, ” Jim Reid Organizations: Nvidia, Bloomberg, Deutsche Bank Locations: U.S

☆ Apple launches its first sports app
▼ + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other leagues. On Wednesday, Apple will launch a new app. Apple has in recent years struck deals with various sports leagues, such as the MLB and MLS, to stream games on its Apple TV+ streaming service. While Apple Sports can alert users to where a game is being broadcast, it will not stream games directly inside the app, instead pointing users to the correct app to watch the action.

Persons: “, ”, Eddy, Apple’s Organizations: CNN, Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, Services, ESPN, Super Bowl, Nielsen

☆ Here's why Capital One is buying Discover in the biggest proposed merger of 2024
▼ + stars: | 2024-02-21 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. Fairbank, who became a billionaire by building Capital One into a credit card giant since its 1994 IPO, is betting that buying rival card company Discover will better position the company for global payments' murky future. The deal, if approved, enables Capital One to leapfrog JPMorgan as the biggest credit card company by loans, and solidifies its position as the third largest by purchase volume. By 2027, the bank expects to add at least $175 billion in payments and 25 million of its cardholders onto the Discover network. The Discover network alone would be worth up to $6 billion if sold to Alphabet, Apple or Fiserv , Sakhrani wrote Tuesday in a research note.

Persons: Richard Fairbank, Marvin Joseph, It's, Fairbank, Sanjay Sakhrani, Sakhrani Organizations: Washington Post, Getty, Capital, Discover Financial, U.S, JPMorgan Chase, Independence, Discover, JPMorgan, Visa, Mastercard, American Express, One's, PayPal Locations: Wall, U.S

☆ Adobe launches AI assistant that can search and summarize PDFs
▼ + stars: | 2024-02-20 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe on Tuesday launched an artificial intelligence assistant in its Reader and Acrobat applications that can produce summaries of and answer questions about PDFs and other documents. The AI assistant, currently in beta, is now available on Acrobat, "with features coming to Reader over the coming days and weeks," according to a news release. The AI assistant will help users digest information from long PDF documents by generating brief overviews of their contents, the company said. Adobe's AI assistant is a built-in feature. You want to understand the summary, you want to have a conversation with it, you want to ask questions," Narayen said.

Persons: David Wadhwani, Adobe, Shantanu Narayen, you've, Narayen Organizations: Adobe, Adobe Creative, CNBC PRO Locations: San Francisco

☆ AI marketing startup Alembic just raised $14 million from Jeffrey Katzenberg's WndrCo and revealed Nvidia as a customer
▼ + stars: | 2024-02-15 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

Companies spend billions on marketing every year, but the question remains whether these campaigns translate into profits. San Francisco-based startup Alembic is employing big data techniques developed for contact tracing during the pandemic to answer those questions. The company today announced a $14 million Series A that included Jeffery Katzenberg, NFL-star-turned-VC Joe Montana, and Braze co-founder Mark Ghermezian. But recent advances in AI and big data technology, he says, have made it possible to track the impact of marketing spend on a granular level, in real time. Puig says the company currently has about a dozen customers, including trillion-dollar chipmaker Nvidia, which is using the technology to guide its marketing efforts.

Persons: Crypto.com, Dunkin, Ben Affleck, Jennifer Lopez, Jeffery Katzenberg, Joe Montana, Braze, Mark Ghermezian, Katzenberg, Tomas Puig, epidemiologists, Puig, Jensen Huang, it's Organizations: Mastercard, PGA, Business, Walt Disney Studios, DreamWorks, Nvidia Locations: Los Angeles, San Francisco, Covid

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

Police said Wednesday that they charged Justin Mohn, 32, with first-degree murder and abusing a corpse after he beheaded his father, Michael, in their Bucks County home and publicized it in a 14-minute YouTube video that anyone, anywhere could see. YouTube, which is owned by Google, did not attend the hearing despite its status as one of the most popular platforms among teens. Major social media companies moderate content with the help of powerful automated systems, which can often catch prohibited content before a human can. Despite the obstacles, social media companies need to be more vigilant about regulating violent content, said Jacob Ware, a research fellow at the Council on Foreign Relations. “The reality is that social media has become a front line in extremism and terrorism,” Ware said.

Persons: Justin Mohn, Michael, —, Pete Feeney, ”, Alix Fraser, Brian Fishman, it’s, Mohn, Michael Jensen, Jacob Ware, ” Ware, “ That’s, ” Nora Benavidez, Beatrice Dupuy, Mike Balsamo, Mike Catalini Organizations: YouTube, . Police, Islamic State, Meta, Google, Buffalo , New York —, Halle . Middletown, Halle . Middletown Township Police, Council, Responsible Social Media, Global, Counter, Twitter, University of Maryland, Foreign Relations, Free Press, Associated Press, AP Locations: Pennsylvania, Bucks, Louisville , Kentucky, Memphis , Tennessee, Buffalo , New York, Christchurch , New Zealand, Halle ., Halle . Middletown Township, Gaza, Ukraine, U.S, New York, Levittown , Pennsylvania

☆ GM's plan to bring back hybrids is a win for dealers and shoppers
▼ + stars: | 2024-01-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

A new crop of electric car shoppers is showing interest for plug-in hybrids. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This about-face for GM , which has loudly touted its commitment to an all-electric future, is a good sign for dealers and shoppers heading into this year. AdvertisementIt may also be the first domino to fall as demand for hybrid vehicles reaches new highs. More options are likely to ease some of this pricing pressure and open up the hybrid market to more shoppers.

Persons: —, Mary Barra, Barra, Ford, Jeremy Korst Organizations: Service, GM, Dealers, GBK, Toyota, Tesla Locations: North America

☆ I don't mind giving my kids screen time. But teaching them how to find what they want is time-consuming and frustrating.
▼ + stars: | 2024-01-28 | by ( Evan Porter | ) www.businessinsider.com time to read: +5 min

However, giving my kids unfettered access also has its issues. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Didn't they know how simple it was to pull out a coloring book for your child and enjoy your meal in peace? I can't be the only one who's experienced a scenario like this:AdvertisementI'm driving my kids to school in the morning. There was no Spotify, no in-car Netflix, and we didn't know what we were missing.

Persons: —, I'd scoff, Siri, There's, Pig, SIRI, I've, I'm Organizations: Service, Spotify, YouTube, NPR, Netflix

☆ News industry off to brutal 2024 start as mass layoffs devastate publishers, raising questions about future of journalism
▼ + stars: | 2024-01-25 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +8 min

The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.

Persons: Condé Nast, ” Jay Rosen, “, Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, ”, ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington

☆ 'This is not the tech bubble': A 41-year market veteran explains why US stocks are still cheap after surging to all-time highs — and names 4 investments that can lead markets even higher
▼ + stars: | 2024-01-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 rose for nine straight weeks, its longest winning streak since 2004, as optimism built about future interest rate cuts. Stoltzfus predicted that S&P 500 earnings will end 2024 between $240 and $250. "Just about everything that you buy costs more today than it cost in 2019, 2020, before 2021 when this started taking hold, except for stocks," Stoltzfus said. Another argument that's more widely discussed is that last year's gains were driven by a handful of large growth stocks. "Some, on a multiple basis, are considerably cheaper outside of Big Tech," Stoltzfus said.

Persons: John Stoltzfus, Stoltzfus, he's, It's, Ameriprise's Anthony Saglimbene, DWS Group's David Bianco, Goldman Sachs, Tesla, —, Oppenheimer, Stocks, that's, it's Organizations: Business, Oppenheimer Asset Management, University of Michigan, Stoltzfus, Apple, Microsoft, Netflix, Nvidia, Big Tech, Software, isn't, Facebook, Google Locations: industrials

☆ Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
▼ + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Altman was temporarily booted from OpenAI in November in a shock move that laid bare concerns around the governance of the companies behind the most powerful AI systems. In a discussion at the World Economic Forum in Davos, Altman said his ouster was a "microcosm" of the stresses faced by OpenAI and other AI labs internally. "We're already seeing areas where AI has the ability to unlock our understanding ... where humans haven't been able to make that type of progress. Avoiding a 's--- show'Altman wasn't the only top tech executive asked about AI risks at Davos.

Persons: Sam Altman, Google's DeepMind, Salesforce, Altman, chatbot, We've, it's, Aidan Gomez, OpenAI, Gomez, CNBC's Arjun Kharpal, AGI, it'll, Lila Ibrahim, Ibrahim, CNBC's Kharpal, who've, haven't, Marc Benioff, Elon Musk, Steve Wozniak, Andrew Yang, Geoffrey Hinton, Hinton, Benioff Organizations: Economic, Bloomberg, Getty, Microsoft, Union, ABC News, ABC, OpenAI, CBS Locations: Davos, Switzerland, United States, Cohere, Hiroshima

☆ How the blockchain could solve one of AI’s biggest problems
▼ + stars: | 2024-01-19 | by ( Matthew Fox | Nicholas Carlson | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But what could be new this time around is a solution to the problem, according to Grayscale CEO Michael Sonnenshein. It's yet another issue that could ultimately be solved by the blockchain, according to Sonnenshein. It only makes sense for the blockchain to be integrated in generative AI technologies going forward, according to Sonnenshein. That symbiotic relationship should ultimately benefit creators and open the door to transparent compensation, according to Sonnenshein.

Persons: —, OpenAI, Michael Sonnenshein, Sonnenshein, Nicholas Carlson, it's, It's, Midjourney — Organizations: Service, Business, New York Times, OpenAI, Microsoft, Parliament's House, Lords Communications, Getty Locations: blockchain

☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

The ruling issued Wednesday by the U.S. Court of Appeals in Washington comes three weeks after it blocked the ban. Apple is still trying to persuade the federal appeals court to overturn the ITC's ruling, but Wednesday's decision means the company is no longer insulated from the U.S. sales ban. The Cupertino, California, company also could negotiate a settlement with Masimo that would clear the way for it to continue selling the Apple Watch models with the blood-oxygen sensor. Having to pull its two top Apple Watches from the U.S. would put a small dent in the company's annual sales of $383 billion. Although the company doesn't disclose the volume of Apple Watch sales, analyst estimate the product accounts for about $18 billion in annual revenue.

Persons: specter, Masimo, Apple Organizations: U.S ., Apple, U.S . International Trade Commission, Apple Watch, U.S . Customs, U.S Locations: U.S, Washington, Cupertino , California, American

☆ Bill Gates explains how AI will change our lives in 5 years
▼ + stars: | 2024-01-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The rise of AI has elicited fear that the technology will eliminate millions of jobs around the world. The International Monetary Fund this week reported that about 40% of jobs around the world could be affected by the rise of AI. Gates doesn’t necessarily disagree with that notion, but he believes history shows with every new technology comes fear and then new opportunity. “I have more than enough money for my own consumption,” Gates said when Zakaria asked how philanthropic efforts are going. At a rate of $9 billion a year, Gates anticipates he’ll have given away all of his money in about 20 years.

Persons: New York CNN —, Bill Gates, Gates, ” Gates, CNN’s Fareed Zakaria, OpenAI’s, ”, Zakaria, hadn’t, “ I’m, I’ll, Melinda French Gates, he’s, Warren Buffett, CNN’s “ Fareed Zakaria Organizations: New, New York CNN, Monetary Fund, Microsoft, OpenAI, Gates, World Economic, CNN Locations: New York, Davos, Africa

☆ CHART OF THE DAY: Technology stocks will grow to 50% of the S&P 500 amid a growing labor shortage, Fundstrat says
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee believes that the technology sector will one day make up 50% of the S&P 500. During periods of extended labor shortages, like during the 1950s, 1960s, and 1990s, technology stocks significantly outperformed the S&P 500. "Technology demand, in our view, will accelerate as companies seek to offset labor shortage," Fundstrat said. "The outperformance of technology during periods of labor shortage is substantial — and we believe the forecasted 2015 to 2047 [labor shortage] to benefit technology stocks," Fundstrat said in a recent note. "We like technology/FAANG $XLK $QQQ," Lee said, referring to the mega-cap tech stocks, the technology sector, and the Nasdaq 100.

Persons: Fundstrat's Tom Lee, —, Tom Lee, Fundstrat, Lee Organizations: Service, Technology, Nasdaq Locations: Fundstrat

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas. The types of casino union jobs at risk could look drastically different five years from now, for example, when the Culinary Union's contract ends. We are filling the need in the market and we are bringing specialty coffee to more places.”But Werner said AI poses a real threat to casino union jobs that don’t require face-to-face interaction with customers — housekeeping, food preparation and cooks, for example. That's especially true for a people-pleasing tourist destination like the Las Vegas Strip, where customers expect top-notch service and experiences, including the latest trends in technology. That makes Las Vegas “a good place to test these things and see how customers react to it," he said.

Persons: Roman Alejo, ”, Ted Pappageorge, Pappageorge, “, Bill Werner, ” Pappageorge, Meng Wang, Wang, Werner, Alejo, ” Alejo, James Brooks Organizations: LAS VEGAS, Las, “, Culinary Workers, . Hospitality, Associated Press, University of Nevada, CES, Vegas, Culinary Union Locations: Las Vegas

☆ New car mirror tech means you may never have to adjust them again
▼ + stars: | 2024-01-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —One of the first things you learn in driver’s ed is, after you buckle your seatbelt, adjust your mirrors. It’s not some fancy new video mirror system. One quirk of mirrors, as opposed to video displays, is that when your head moves, the image you see in the mirror shifts, too. So, if you lean forward in your seat, the side mirrors show you a different view of what’s on either side of your car. The system could also be used to simultaneously adjust the driver’s seat, according to VinFast.

Persons: Vinfast, It’s, MirrorSense Organizations: CNN, United, Kia, Hyundai, Consumer Electronics Locations: Las Vegas

☆ AI is accelerating the recruitment process — but tech leaders warn of bias and other risks
▼ + stars: | 2023-12-20 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

HR and recruitment teams are beginning to use AI tools in multiple stages of the hiring process. But beware: AI recruitment can still be riskyWhile AI technology is helping recruiters in many ways, there are some risks to consider and mitigate. In 2022, researchers at Cambridge University found that AI recruitment tools weren't capable of eradicating bias or boosting diversity during the hiring process. These problems often arise because of biased historical data used for training AI recruitment technologies, Maynard said. Jackson recommended that companies develop strict policies governing the use of AI hiring tools and provide their recruitment teams with bias training.

Persons: —, Lindsey Zuloaga, HireVue, Pamela Maynard, Avanade, Maynard, Paolo Pescatore, Alexandra Levit, Levit, Roger Philby, she'd, it's, Annie Jackson, Cleo, Jackson, Parul Mishra, It's, Mishra Organizations: Service, Tech, Business, Chemistry Group, Sheffield Business School, Cambridge University, Amazon, Unilever, Microsoft, Companies, IBM

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