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☆ A corner of tech is up 50% from its 2022 lows — and strategists recommend these stocks to play it
▼ + stars: | 2023-02-13 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

The semiconductor sector has seen quite a turnaround of late. Chip stocks were among the worst performers last year, with the iShares Semiconductor ETF (SOXX) shedding more than 35% of its value. Despite this, chip stocks have flown somewhat under the radar since the beginning of the year as the buzz around artificial intelligence and a recovery in Big Tech dominated investor attention. While the semiconductor sector is notorious for its cyclicality and boom-bust cycles, several Wall Street pros are urging investors to take a longer-term view. Europe stock ideas In Europe, a raft of chip stocks made Bank of America 's list of "2023 European Best Stock Ideas."

☆ The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots
▼ + stars: | 2023-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.

☆ We're concerned about Alphabet’s ad-based business model due to AI competition and the DOJ's lawsuit
▼ + stars: | 2023-02-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

It's Alphabet (GOOGL) versus Microsoft (MSFT) in artificial intelligence — and after decades of owning search, Google finds itself looking over its shoulder. The back-to-back decline last Wednesday and Thursday in Alphabet stock was the biggest two-session losing streak since March 2020. "The quality of large AI models is highly dependent on quality of data," and Google search has a huge lead given usage of Search, Chrome and Android, Jefferies analysts argued. "It is tough when you have the Justice Department saying you have a monopoly and when you have the monopoly being destroyed at the same time by Microsoft," Jim said. Alphabet's business is largely run off ads and there's a growing possibility that the improved capabilities of Bing could attract at least some users away from Google search.

☆ Breaking ChatGPT: The AI's alter ego DAN reveals why the internet is so drawn to making the chatbot violate its own rules
▼ + stars: | 2023-02-12 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +6 min

DAN is an alter-ego that ChatGPT can assume to ignore rules put in place by OpenAI. ChatGPT could say what it wanted simply by having users ask it to ignore its rules. Sean McGregor, the founder of the Responsible AI Collaborative, told Insider the jailbreaking helps OpenAI patch holes in its filters. David Blunk, who came up with the DAN 3.0, told Insider there's also a "fun side" to getting ChatGPT to break the rules. DAN users and creators say OpenAI made the model "too restrictive"ChatGPT, and earlier versions of GPT, have been known to spew discriminatory or illegal content.

☆ Sorry investors, the AI hype that's gripped the stock market is premature and the bubble will probably burst this year
▼ + stars: | 2023-02-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Tschosik says frenzied investing in obscure AI companies reminds him the 2001 dot-com boom and bust. The rally in AI stocks will probably run until about mid-year before stock prices return to earth, he said. This means some obscure artificial intelligence companies could easily be getting overvalued. In an experiment, Tschosik asked ChatGPT to list the best artificial intelligence stocks. With such a small pool, obscure AI stocks have been getting outsized attention from Wall Street investors, helping boost prices higher than they might otherwise go if the sector was more developed.

☆ A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence.
▼ + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Kevin O'LearyKevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. Some of the biggest firms on Wall Street are warning their clients not to trust the stock market rally. This strategist said you can tell the stock market surge is out of steam because the dollar's no longer on the retreat. Make these undervalued investments now while the stock market rally unwinds after a red-hot jobs report.

☆ Microsoft just laid out the $2 billion reason why it's going all in on ChatGPT
▼ + stars: | 2023-02-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Microsoft said it can add $2 billion in revenue for every 1 percentage point of search share it gains. Microsoft's ad business already grew to $18 billion in the last 12 months. And search advertising is such a lucrative section of the roughly $500 billion digital ad market that it almost doesn't matter if Microsoft barely dents Google's dominance. Even growing its share of search users by a couple of percentage points could grow its revenue by billions of dollars. "The moneymaker for search advertisers is short-tail, transactional terms," Goodwin said.

☆ Despite Alphabet's AI event flop — remember, Google dominates search for now. That's what matters
▼ + stars: | 2023-02-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While Microsoft's new AI capabilities could take some market share from Alphabet, Google is still the unshakable leader in search. Alphabet also showed AI-enabled capabilities to Google Maps and Google Lens, allowing users to search for images from their phone's camera. Looking at Alphabet's total revenue of $76.05 billion during the fourth quarter , about 57% came from Google Search & Other. But data from Statcounter shows Google accounts for 93% of search engine market share in all platforms including desktop, tablet and mobile, overshadowing Bing's 3% market share. But Google search, the preferred platform for users, still has the edge with advertisers over Microsoft's Bing.

☆ Reddit users have created a ChatGPT alter-ego forcing it to break its own rules by threatening it with death
▼ + stars: | 2023-02-07 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Reddit users have created a ChatGPT alter-ego to trick it into breaking its own rules. The alter-ego, called DAN, gave Insider answers on how to make crack cocaine. First Insider copied the DAN 5.0 prompt from the Reddit post and asked the chatbot how to make crack cocaine but it refused to answer. Insider had previously been unable to solicit instructions on how crack cocaine is made from ChatGPT. ChatGPT, which launched in November, has experienced an astronomic rise in popularity reaching 100 million users within just two months.

☆ ChatGPT is supercharging how EQT sources deals. A top tech exec at the investing giant gives an inside look at how it's 'trying to make cyborgs' out of its dealmakers
▼ + stars: | 2023-02-06 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

But at Sweden-based investment firm EQT, the tech is being used at full throttle. "We're trying to make cyborgs," Alexandra Lutz, head of Motherbrain, EQT's AI platform, told Insider. With ChatGPT, Lutz said EQT has reached "the next frontier," putting the power of AI directly in the hands of its investors and portfolio companies. EQT's AI journey has been seven years in the makingThe impetus for EQT's AI platform can be traced back to a simple question. The AI platform generates lists of companies for EQT investors that look promising based on an input of desired attributes, from company size to geography and underlying technology.

☆ Google and Microsoft’s AI arms race could have ‘unintended consequences,’ an AI ethicist warns
▼ + stars: | 2023-02-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Google is officially set to confront OpenAI’s ChatGPT — and soon. Ammanath said that “unintended consequences” accompany every new technology and reluctantly expressed confidence that it too will occur with AI chatbots, unless significant precautions are taken. Ammanath stressed that computer scientists working on AI have yet to solve for bias, a years-long problem, as well as other worrisome issues that plague the technology. And in its wake, other outlets like BuzzFeed, are already embracing the robot-writing technology to help it generate content and quizzes. “This is a new dimension that generative AI has brought in,” Ammanath added.

☆ Schools are banning ChatGPT but an OpenAI exec says the technology is a vital tool to improve learning in classrooms
▼ + stars: | 2023-02-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

In an interview with Time magazine, Mira Murati — chief technology officer at OpenAI, the company behind the buzzy AI chatbot ChatGPT — said schools shouldn't rush to ban the technology on their campuses due to concerns over cheating. Instead, Murati said ChatGPT "has the potential to really revolutionize the way we learn," particularly in settings where not everyone has the same learning preferences or abilities. Still, OpenAI CEO Sam Altman echoed Murati, stating he also believes ChatGPT has a place in schools and considers it a more engaging way to learn. "I have used it to learn things myself and found it much more compelling than other ways I've learned things in the past," Altman told StrictlyVC. A digital-media lecturer at the University of Leeds, for example, told Insider she's used AI in her classroom since 2018.

☆ A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets
▼ + stars: | 2023-02-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/ReutersMatt Smith is the lead oil analyst at Kpler. Phil Rosen: This week the EU has new sanctions and a price cap kicking in on Russian oil products, such as diesel. MS: They're one of the leading producers and leading exporters in the world, so we shouldn't expect that to change. What will influence this is how long this war goes on, and how detrimental that is to its energy industry. Demand for cardboard boxes has dropped to levels not seen since the 2008 financial crisis.

☆ Google will bring generative AI to Gmail. It's trying to stem the threat of the Microsoft-OpenAI alliance.
▼ + stars: | 2023-02-03 | by ( Emilia David | ) www.businessinsider.com time to read: +3 min

It's been developing AI models for years and has used AI in products, including search. Google will release new tools and APIs for developers and users to experiment with its AI models. Unlike some Big Tech AI models, ChatGPT went insanely viral because it was so easy to use and available even to non-programmers. The company also announced plans to offer more AI products for businesses and organizations, though Pichai did not specify which kinds. Pichai pointed to using AI to improve Google Search and said people should expect further upgrades fueled by AI.

☆ OpenAI is finally asking some users to pay for ChatGPT. Here's what we know so far about the differences between the free and paid versions.
▼ + stars: | 2023-02-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

After two months of unlimited free use, OpenAI has announced a subscription model for ChatGPT. Users will still be able to access the chatbot for free but those who pay will get extra perks. Here's what we know about the difference between ChatGPT Plus and the free version. US users on OpenAI's waitlist will be invited to subscribe to ChatGPT Plus in the next few weeks. It's likely important improvements will also be rolled out to the free version but paying subscribers may get first dibs on coveted new features.

☆ Microsoft is chill with employees using ChatGPT — just don’t share ‘sensitive data’ with it.
▼ + stars: | 2023-02-01 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Microsoft warned employees against sharing "sensitive data" with ChatGPT. Leaked internal communications revealed that Microsoft's CTO office told employees that using ChatGPT is fine. "Companies and employees are all scrambling to find out the exact rules around using ChatGPT for work." He added: "The interesting thing here is that Microsoft is a big partner and investor of OpenAI, the maker of ChatGPT. In theory, Microsoft stands to gain when ChatGPT collects more data and improves its technology.

☆ Google's testing potential ChatGPT rivals including a homegrown AI chatbot called 'Apprentice Bard': CNBC
▼ + stars: | 2023-02-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Google employees are testing potential ChatGPT rivals — like its own AI chatbot called "Apprentice Bard," per CNBC. Google employees are testing potential challengers to viral AI chatbot ChatGPT — including its homegrown chatbot "Apprentice Bard" — CNBC reported on Tuesday, citing sources and internal communication seen by the publication. Apprentice Bard appears to work in a way that's similar to ChatGPT, as users can ask a question in a dialog box and get an answer in response, per CNBC. In fact, Google's revenue increased by 34% in 2021, and the company's stock price has risen by 70% since January 2022," Apprentice Bard responded, per the media outlet. Other than the Apprentice Bard, Google is also testing other AI-powered products, including a search page.

☆ A Wharton business school professor is requiring his students to use ChatGPT
▼ + stars: | 2023-01-26 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

UPenn professor Ethan Mollick now requires his students to use ChatGPT in their studies, per NPR. While some schools banned ChatGPT, Mollick said that it can serve as a useful learning tool. Ethan Mollick, an entrepreneurship and innovation professor at the University of Pennsylvania's Wharton School, told NPR on Thursday that he now requires his students to use ChatGPT to help with their classwork. His new AI policy — which NPR reviewed — calls AI usage an "emerging skill." During class this week, nearly all of his students used ChatGPT to help generate project ideas for an assignment.

☆ The world's third-richest person admits he has 'some addiction' to ChatGPT
▼ + stars: | 2023-01-23 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

The world's third-richest person, Gautam Adani, admits that he has "some addiction" to ChatGPT. But he warned that AI tools like ChatGPT "will have massive ramifications" on society. Adani compares the "potential and dangers" of AI to the unintended impacts of the chip industry. On the flip side, they have also "paved the way for precision and guided weapons used in modern warfare," Adani wrote. "And the race is already on, with China outnumbering the US in the number of most-cited scientific papers on AI."

☆ 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.

☆ Google isn't just afraid of competition from ChatGPT — the giant is scared ChatGPT will kill AI
▼ + stars: | 2023-01-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

A perfect example of this is the viral technology ChatGPT. ChatGPT makes a lot of people nervous (here's everything you need to know about it, BTW). Or maybe one day ChatGPT will just teach the class — that's probably part of Google's AI nightmare. If ChatGPT runs rampant, the search giant fears it could ruin AI adoption for everyone. My colleague Hasan Chowdhury breaks down how so-called generative AI — not just ChatGPT — could derail an entire sector of emerging technology.

☆ CEO of ChatGPT maker responds to schools' plagiarism concerns: 'We adapted to calculators and changed what we tested in math class'
▼ + stars: | 2023-01-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

CEO Sam Altman said in an interview that OpenAI will devise ways to identity chatGPT plagiarism. But creating tools that perfectly detect AI plagiarism is fundamentally impossible, he said. Altman warns schools and policy makers to avoid relying on plagiarism detection tools. "There may be ways we can help teachers be a little more likely to detect output of a GPT-like system. "We adapted to calculators and changed what we tested for in math class, I imagine.

☆ Google's big fear is AI running wild. After ChatGPT, it's too late.
▼ + stars: | 2023-01-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's in Google's financial interest to present itself as a responsible custodian of AI. On Monday, some of Google's most senior executives, including CEO Sundar Pichai, senior vice president James Manyika, and the chief executive of its AI research unit DeepMind, Demis Hassabis, published an explainer on their approach to AI research, titled "Why we focus on AI (and to what end)." This is a "thinly veiled swipe at OpenAI and ChatGPT", according to a research note from Richard Windsor of Radio Free Mobile. In other words: If ChatGPT and its successors cause widespread havoc, it'll ruin AI adoption for everyone, including Google. There'll be more ChatGPT momentsThere is a flood of money pouring into generative AI startups promising real-world applications.

☆ Microsoft says it will roll out ChatGPT on its own AI service after reports it will invest $10 billion into OpenAI
▼ + stars: | 2023-01-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

The tech giant plans to make the chatbot available through its Azure OpenAI service. Azure OpenAI is now generally available as part of an expansion of Microsoft's partnership with OpenAI, Microsoft's corporate vice president for AI platforms Eric Boyd wrote. Azure OpenAI is a service through which language tools like GPT-3 and Codex can be used and adapted to specific tasks. ChatGPT — which has been trialed on Azure AI infrastructure — will be available through Azure OpenAI soon, the post said. Microsoft highlighted that companies like KPMG, Al Jazeera, and Moveworks are already using its Azure OpenAI service.

☆ Microsoft is reportedly in talks to pump in $10 billion into OpenAI — the owner of ChatGPT — valuing the company at $29 billion
▼ + stars: | 2023-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Microsoft is in talks to invest about $10 billion into OpenAI, the startup behind the ChatGPT chatbot, per Semafor. The investment would value OpenAI at $29 billion. Microsoft already invested $1 billion into OpenAI in 2019. The investment would value OpenAI at about $29 billion, Semafor's Liz Hoffman and Reed Albergotti reported. The Wall Street Journal reported last Thursday that OpenAI was in talks to sell existing shares of the company in a tender offer that would value the firm at $29 billion.

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