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— - 1 Tim Cook - 1 Apple execs - 1 Amazon's - 1 Cook - 1 Apple - 1 There's - 1 Siri - 1
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Apple - 1 Big Tech - 1 Morning - 1 Microsoft - 1 Google - 1 & & ' - 1

Search resuls for: "AI Innovation"


15 mentions found


☆ Why AI wasn't mentioned at all during Apple's big WWDC presentation
  + stars: | 2023-06-06 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +3 min
Apple execs didn't mention AI once during the company's WWDC keynote. It was a deliberate choice and a stark contrast to other Big Tech companies that have embraced the term. During Microsoft, Meta, Alphabet, and Amazon's first quarter earnings calls in April, AI was cumulatively mentioned 168 times, for example. Most other Big Tech companies would likely tout these as "AI innovations" to appeal to the current enthusiasm around the term. The word wasn't mentioned one time during the entire keynote, even though many rivals would likely use the word to describe the Vision Pro headset.
Persons: —, Tim Cook, Apple execs, Amazon's, Cook, Apple, There's, Siri Organizations: Apple, Big Tech, Morning, Microsoft, Google Locations: Valley, Dutch
☆ How JPMorgan plans to spend $15 billion this year on technology, including AI development, cyberattacks, and wage inflation
  + stars: | 2023-05-25 | by ( Emmalyse Brownstein | Hayley Cuccinello | ) www.businessinsider.com   time to read: +3 min
It said it plans to spend $15.3 billion on tech this year, up $1 billion from last year. The bank's tech spending is estimated to grow by $1 billion this year to $15.3 billion, including salaries for engineers, stepped-up cybersecurity efforts, and AI innovation. The regional banking crisis, meanwhile, could end up costing it $6 billion, including the cost of First Republic Bank. He did, however, outline the qualities he thinks would make for a good replacement CEO, including grit and courage. JPMorgan unleashed hundreds of slides on Monday to reassure investors that its growth and spending strategy is on the right track.
☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
  + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.
☆ House lawmakers to host bipartisan dinner with OpenAI CEO Sam Altman
  + stars: | 2023-05-10 | by ( Scott Wong | ) www.cnbc.com   time to read: +2 min
OpenAI CEO Sam Altman arrive to the White House for a meeting with Vice President Kamala Harris on artificial intelligence, Thursday, May 4, 2023, in Washington. WASHINGTON — House Democrats and Republicans will hold a dinner at the Capitol next week with Sam Altman, the CEO of OpenAI, which developed the popular artificial intelligence chatbot ChatGPT, according to an invitation obtained by NBC News. The goal of the Altman dinner is to "educate members," said Lieu, who shared the invitation with NBC News. The dinner will be one of several appearances on Capitol Hill for Altman. And top lawmakers are warning that if Congress doesn't act soon, the U.S. will fall behind China, which is already moving ahead with proposed regulations for AI.
☆ White House snubs Mark Zuckerberg by leaving him off the list for its AI summit with tech leaders
  + stars: | 2023-05-06 | by ( Hasan Chowdhury | Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
The Biden administration met with various CEOs from tech companies to discuss AI. However, a White House official told a CNN reporter that Meta was not invited. Meta's Mark Zuckerberg was notably absent from a meeting with White House officials to discuss AI development. A White House official told CNN reporter Donald Judd that Meta had not been invited. Meta and the White House did not immediately respond to Insider's request for comment.
☆ Premarket stocks: Google and Microsoft fight over the future of AI
  + stars: | 2023-04-26 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
Microsoft, Google and a number of smaller rivals are in a race to integrate generative artificial intelligence technology (similar to ChatGPT) into their search functions and other applications. Both companies see it as an integral part of their future, but it was apparent on Tuesday that Microsoft and Google aren’t in agreement about what that future will look like. Analysts have expressed worry that Google is falling behind the competition when it comes to AI innovation. First Republic shares plunge 50%The past few weeks have been brutal for First Republic Bank (FRC). First Republic Bank also said Monday that it expects to cut its workforce by 20-25% this quarter.
☆ Analysts are getting even more bullish on Microsoft's A.I. prospects after latest earnings report
  + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Microsoft's big swings on artificial intelligence are paying off, and analysts are even more bullish on the tech giant. Rangan has a buy rating on Microsoft and a price target of $335, implying upside of 21.6%. "Azure growth was ahead of expectations with MSFT showing ability to protect margin/EPS in a tough backdrop," Turrin said, who rates the stock as overweight. He also hiked his price target to $345 from $320, pointing to a 25.2% potential gain. Keith Weiss of Morgan Stanley also reiterated an overweight rating on the stock, and hiked his price target to $335 per share from $307.
☆ Inside Meta's scramble to catch up on A.I.
  + stars: | 2023-04-25 | by ( ) www.cnbc.com   time to read: +8 min
For more than a year, Meta has been engaged in a massive project to whip its AI infrastructure into shape. He declined to comment on whether Meta abandoned its AI chip. Generative AI gobbles up reams of computing power, amplifying the urgency of Meta's capacity scramble, said five of the sources. By 2021, that two-pronged approach proved slower and less efficient than one built around GPUs, which were also more flexible in running different types of models than Meta's chip, the two people said. Executives also that spring set about reorganizing Meta's AI units, naming two new heads of engineering in the process, including Janardhan, the author of the September memo.
Organizations: & & '
☆ CEOs are balancing economic uncertainty with the need to innovate and invest in the future
  + stars: | 2023-04-24 | by ( Josée Rose | ) www.businessinsider.com   time to read: +6 min
About 75% of C-suite execs are worried about macro uncertainty, BCG's CEO Outlook survey found. Walter told Insider that all companies need to trim costs smartly so they can reinvest in growth, particularly in digital and in mergers. "One being, there's macro uncertainty, and we need to adjust our cost base in order to take a defensive posture against that macro uncertainty. "Two is: We need to continue to innovate and grow because if we don't, we're not going to succeed as a company. Most C-suite leaders understand that amid difficult decisions like layoffs or reorganizations, companies still need to invest in their employees.
☆ China proposes measures to manage generative AI services
  + stars: | 2023-04-11 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
HONG KONG, April 11 (Reuters) - China's cyberspace regulator unveiled draft measures on Tuesday for managing generative artificial intelligence services, saying it wants firms to submit security assessments to authorities before they launch their offerings to the public. The CAC said that China supports AI innovation and application and encourages use of safe and reliable software, tools and data resources, but content generated by generative AI had to be in line with the country's core socialist values. Providers will be responsible for the legitimacy of data used to train generative AI products and measures should be taken to prevent discrimination when designing algorithms and training data, it said. Providers will be fined, have their services suspended, or even face criminal investigations if they fail to comply with the rules. The public can comment on the proposals until May 10, and the measures are expected to come into effect sometime this year, according to the draft rules.
☆ Want in on the AI boom? These 8 high-quality stocks are already ahead of the pack
  + stars: | 2023-03-30 | by ( Paulina Likos | ) www.cnbc.com   time to read: +13 min
AI-powered technology companies Microsoft Microsoft arguably pushed AI into the mainstream with its unexpected release of its new AI-powered search engine Bing. During its annual conference for developers earlier this month, Nvidia demonstrated the fundamental importance of its role in facilitating the usage AI applications. Also unveiled were four new chips designed specifically for inferencing , which are optimized for various new generative AI applications. To facilitate these operations, AMD provides machine learning and deep learning systems which offer higher-performance computing capabilities to accelerate AI applications. Qualcomm Qualcomm (QCOM) is focused on making AI technology on-device processing more efficient across different industries and products.
☆ Billionaire Marc Andreessen warns we're headed to a world where a college degree costs $1 million and a flatscreen TV costs $100
  + stars: | 2023-03-06 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Marc Andreessen recently wrote a blog post about regulation stymieing innovation in certain sectors. Those regulations, he says, cause education and healthcare to get more and more expensive. Innovation in certain highly regulated sectors, like education and healthcare, "is virtually forbidden," causing high prices, he wrote. Andreessen said that over time the price of highly regulated products will continue to climb, while less-regulated products, like flatscreen TVs, will become cheaper. Data like this — which he says is caused by regulation — makes him less concerned about AI innovation replacing jobs, despite the current "panic."
☆ Heavyweight tech battle: How Microsoft and Alphabet stack up against each other in the A.I. war
  + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com   time to read: +9 min
"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.
☆ Microsoft's $10 billion bet on ChatGPT's maker gives it a powerful new weapon in the cloud wars with Amazon and Google
  + stars: | 2023-01-25 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
Cloud, increasingly important to Microsoft, Amazon, and Google, is slowing down in the short term. But the company has a longer-term strategic weapon that could help it win the cloud wars: its once-in-a-generation bet on OpenAI. Any hint of a slowdown in growth for Microsoft's Azure, Amazon's AWS, and Google Cloud tends to provoke analyst angst. Even if there are immediate challenges for cloud growth, Microsoft sees its OpenAI bet, reported to be worth $10 billion, as a bigger strategic move. Microsoft Cloud, which also includes revenue from Office 365 and other products as well as Azure, represented around 50% of the company's overall revenue.
☆ From writing malicious code to creating deepfakes, generative-AI tools like ChatGPT are being used for harmful purposes. Here's how founders and VCs are thinking about policing them.
  + stars: | 2023-01-21 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +6 min
In the past few months, some have raved about the capabilities of generative AI tools like ChatGPT. Startups policing themselvesSome startups have taken it upon themselves to ensure their products aren't being used for the wrong purposes. In 2020, Resemble AI, a company that can generate voices using AI, released Resemblyzer, an open-source package that can verify speakers and detect fake speech. Despite their bad rap, the majority of deepfakes are used for marketing or entertainment, rather than malicious purposes, Riparbelli told Insider. But already, US government officials are collaborating with AI startups to form partnerships and fund research around these concerns, Ahmed told Insider.
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