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☆ AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google
▼ + stars: | 2023-06-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

But the announcement shows that Amazon Web Services recognizes the significance of the current moment in generative AI and the importance of being in the conversation, alongside rivals Microsoft and Google . However, those rivals have had splashier entrances into generative AI, even though Amazon has drawn broadly on AI for years to show shopping recommendations and operate its Alexa voice assistant. For Amazon, that momentum applies to its Bedrock generative AI service and its Titan models as well as the new innovation center. Really, you need the cloud for generative AI." Also, the way Selipsky sees it, AWS provides a measure of credibility in offering generative AI that eludes others in the space.

Persons: OpenAI, Adam Selipsky, Selipsky, isn't, Jeff Bezos, we're, I've Organizations: Web Services, Microsoft, Google, CNBC, RyanAir, Lonely, Amazon, Nvidia, Fortune, FTC Locations: Twilio

☆ AI’s regulation naysayers protest too much
▼ + stars: | 2023-06-21 | by ( Karen Kwok | ) www.reuters.com time to read: +7 min

As venture capitalist Marc Andreessen notes, AI models are made up of codes and algorithms just like other computer programmes. Moreover, AI models’ ability to extrapolate from data at high speed explains why almost every industry is deploying the technology in the hope of boosting productivity. Precisely because AI models can replicate tasks done by humans, it’s harder to spot which is which. The EU’s proposed law advocates placing AI applications into four different buckets. AI systems that could be used to influence voters and the outcome of elections and systems used by social media platforms with over 45 million users are labeled “high-risk”.

Persons: Sam Altman, Marc Andreessen, Joe Biden, Altman, ChatGPT, “, ”, Peter Thal Larsen, George Hay, Katrina Hamlin Organizations: Reuters, Organisation for Economic Co, OECD, Microsoft, Watchdogs, Facebook, Meta, Twitter, Union, Bloomberg, Thomson Locations: EU, China, Canada, India, United Kingdom, United States, Brussels, Paris, Europe

☆ France makes high-profile push to be the A.I. hub of Europe setting up challenge to U.S., China
▼ + stars: | 2023-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Macron told CNBC France will "invest like crazy" into A.I. "I think we are number one [in AI] in continental Europe, and we have to accelerate," French President Emmanuel Macron told CNBC's Karen Tso last week. watch nowWhile the U.S is seen as the leader in AI by many measures, France hopes to catch up. Underscoring the potential and hype of AI developments, four-week-old French startup Mistral AI raised 105 million euros to fund the company. I think we need a global regulation," Macron said.

Persons: Emmanuel Macron, Macron, Nathan Laine, Karen Tso, OpenAI's, Bruno Le Maire, Jean, Noel Barrot, Paris, Anton Dahbura, Rishi Sunak, Dahbura, … Organizations: Viva Tech, CNBC France, Bloomberg, Getty, PARIS —, French Finance, Digital, CNBC, European Union, Johns Hopkins Institute, Autonomy, Microsoft, OpenAI, Nvidia, Global, EU, Organisation for Economic Co Locations: A.I, PARIS — France, Europe, China, U.S, France, Germany, Britain

☆ Gannett tiptoes into generative AI, giving humans the last word
▼ + stars: | 2023-06-16 | by ( Helen Coster | ) www.reuters.com time to read: +6 min

Their caution follows well-publicized generative AI gaffes at media outlets including CNET and Men’s Journal. Generative AI is a sticking point in some negotiations with the company, the union said. Other news outlets are approaching generative AI with varying levels of commitment and caution. Bloomberg, which competes with Reuters, is developing its own generative AI model, BloombergGPT, which it trained on financial data. The New York Times, Washington Post and Bloomberg declined to provide additional comment on their plans.

Persons: Larry Downing, Renn Turiano, Turiano, ”, We’re, Paul Bascobert, Nicholas Diakopoulos, Ilana Keller, Gannett, Alessandra Galloni, Miranda Marcus, Marcus, “, we’re Organizations: YORK, Gannett, Gannett Co, USA, Gannett Co's, U.S, Reuters, ” Gannett, Northwestern University, CNET, Men’s, USA Today, Journalists, Asbury Park Press, Microsoft, USA Today’s, New York Times, Washington Post, Bloomberg, BBC News Labs Locations: McLean , Virginia, New Jersey, USA, Washington

☆ Investors have piled into AI startups following the launch of ChatGPT. Here are 20 pitch decks used by Europe's AI founders to win over VCs.
▼ + stars: | 2023-06-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

AI startups raised $60 billion last year and investors have continued to pile in on the tech in 2023. Below are 20 pitch decks used by European startups deploying AI in everything from health to property. V7Generative AI, media, and designThis startup uses generative AI to speed up the property-buying process. This AI startup helps Big Tech firms compress videos while maintaining quality. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.

Persons: Sam Altman, Elon Musk, Andreessen Horowitz, Nat Friedman, Alberto Rizzoli, Simon Edwardsson, Iris Organizations: Morning, Investment, Venture, Insight Partners, Ventures, Google, Creative Fabrica, Big Tech, Health, Microsoft, Enterprise, Ikea, Twitter, CurrencyCloud Locations: Temasek

☆ Microsoft's stock hits record after executives predict $10 billion in annual A.I. revenue
▼ + stars: | 2023-06-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft shares climbed to a record Thursday after analysts at JPMorgan Chase touted the software maker's growth prospects in artificial intelligence. AI has been a hot topic all year, after Microsoft-backed OpenAI in November released the ChatGPT chatbot, which quickly went viral. In the past four quarters, Microsoft has generated almost $208 billion in total revenue. Negative sentiment around cloud growth and a contracting PC market led to pessimism on Wall Street last year. But the excitement around AI in addition to the cost-cutting measures that tech companies implemented produced a renewed bullishness.

Persons: Bing Chatbot, Satya Nadella, Amy Hood, Kevin Scott, Hood, Scott, MSFT Organizations: Microsoft, JPMorgan Chase, Nasdaq, Tech, JPMorgan, Security Locations: OpenAI

☆ Europeans Take a Major Step Toward Regulating A.I.
▼ + stars: | 2023-06-14 | by ( Adam Satariano | ) www.nytimes.com time to read: +1 min

The European Union took an important step on Wednesday toward passing what would be one of the first major laws to regulate artificial intelligence, a potential model for policymakers around the world as they grapple with how to put guardrails on the rapidly developing technology. The European Parliament, a main legislative branch of the E.U., passed a draft law known as the A.I. Act, which would put new restrictions on what are seen as the technology’s riskiest uses. It would severely curtail uses of facial recognition software, while requiring makers of A.I. The European Union is further along than the United States and other large Western governments in regulating A.I.

Organizations: European Union, European Locations: United States, A.I

☆ Hundreds of Protestants attended a sermon in Nuremberg given by ChatGPT, which told them not to fear death
▼ + stars: | 2023-06-10 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Hundreds of protestants gathered in Nuremberg, Germany to hear a sermon written by ChatGPT. Multiple avatars controlled by ChatGPT delivered the sermon on a huge screen above the altar. During the sermon, ChatGPT told the congregation not to fear death. The 40-minute service — including the sermon, prayers and music — was created by ChatGPT] and Jonas Simmerlein, a theologian and philosopher from the University of Vienna. The entire service was "led" by four different avatars on the screen, two young women, and two young men.

Persons: ChatGPT, chatbot, —, Jonas Simmerlein, Heiderose Schmidt, Schmidt, Marc Jansen, Paul, Jansen Organizations: University of Vienna, Associated Press Locations: Nuremberg, Germany, Paul's, Bavarian, Fuerth, Troisdorf, German, Cologne

☆ How Sam Altman Stormed Washington to Set the A.I. Agenda
▼ + stars: | 2023-06-07 | by ( Cecilia Kang | ) www.nytimes.com time to read: +1 min

Weeks after OpenAI released its ChatGPT chatbot last year, Sam Altman, the chief executive of the artificial intelligence start-up, launched a lobbying blitz in Washington. He demonstrated ChatGPT at a breakfast with more than 20 lawmakers in the Capitol. “It’s so refreshing,” said Senator Richard Blumenthal, Democrat of Connecticut and the chair of a panel that held an A.I. hearing last month featuring Mr. Altman. “He was willing, able and eager.”Technology chief executives have typically avoided the spotlight of government regulators and lawmakers.

Persons: OpenAI, Sam Altman, Altman, Kamala Harris, Biden, “, ”, Richard Blumenthal, Mark Zuckerberg, Jeff Bezos, Sundar Pichai Organizations: Capitol, Republican, Democratic, White, Technology, Google Locations: Washington, Connecticut

Does Section 230 apply to generative A.I.? search engines? Typically, search engines are considered vehicles for information rather than content creators, and search companies have benefited from Section 230 protection. Generative A.I. And hallucinations — the falsehoods that generative A.I.

Persons: drafters, ”, Ron Wyden, don’t, Chris Cox, ” Wyden, Eric Goldman Organizations: Democrat, Republican, Microsoft, Google, Santa Clara University Locations: Oregon, California

TOKYO, June 2 (Reuters) - Japan's privacy watchdog said on Friday it has warned OpenAI, the Microsoft-backed (MSFT.O) startup behind the ChatGPT chatbot, not to collect sensitive data without people's permission. OpenAI should minimise the sensitive data it collects for machine learning, the Personal Information Protection Commission said in a statement, adding it may take further action if it has more concerns. The watchdog noted the need to balance privacy concerns with the potential benefits of generative AI including in accelerating innovation and dealing with problems such as climate change. The EU, a global trendsetter on tech regulation, is working on what could be the first set of rules to govern AI. Reporting by Kantaro Komiya and Sam Nussey; Editing by Jacqueline Wong and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Sam Altman, Fumio, Kishida, Altman, Kantaro Komiya, Sam Nussey, Jacqueline Wong, Christopher Cushing Organizations: Microsoft, EU, Thomson Locations: TOKYO, Japan

☆ Japan privacy watchdog warns ChatGPT-maker OpenAI on data collection
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, June 2 (Reuters) - Japan's privacy watchdog on Friday said it has warned OpenAI, the Microsoft-backed (MSFT.O) startup behind the ChatGPT chatbot, to not collect sensitive data without individuals' permission. The Personal Information Protection Commission in a statement said OpenAI should minimise the sensitive data it collects for machine learning and added it may take further action if it has more concerns. The warning comes as regulators around the world are scrambling to draw up rules governing the use of generative artificial intelligence, which can create text and images and whose impact has been compared by proponents to the arrival of the internet. OpenAI CEO Sam Altman in April met with Prime Minister Fumio Kishida and announced a plan to expand services in Japan, ahead of the Group of Seven (G7) leaders summit where Kishida led the discussion on regulating AI. Reporting by Kantaro Komiya and Sam Nussey; Editing by Jacqueline Wong and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Sam Altman, Fumio Kishida, Kishida, Kantaro Komiya, Sam Nussey, Jacqueline Wong, Christopher Cushing Organizations: Microsoft, Thomson Locations: TOKYO, Japan

☆ Microsoft inks computing infra deal with CoreWeave - CNBC
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

June 1 (Reuters) - Microsoft Corp (MSFT.O) may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matter. The Windows maker had signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power, according to the report. Microsoft declined to comment, while CoreWeave did not immediately respond to Reuters' request for a comment. CoreWeave, valued at $2 billion and which counts Nvidia Corp (NVDA.O) among its investors, has raised more than $400 million over the last two months. New York-based CoreWeave specializes in providing cloud computing services based on graphics processing units, the category of chip pioneered by Nvidia that has become central to artificial intelligence services like OpenAI's ChatGPT.

Persons: CoreWeave, Yuvraj Malik, Shilpi Majumdar Organizations: Microsoft Corp, CNBC, Microsoft, Reuters, Nvidia Corp, Nvidia, Thomson Locations: New York, Bengaluru

☆ Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
▼ + stars: | 2023-06-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Microsoft 's massive investment in OpenAI has put the company at the center of the artificial intelligence boom. CoreWeave sells simplified access to Nvidia's graphics processing units, or GPUs, which are considered the best available on the market for running AI models. The generative AI rush began late last year after OpenAI introduced ChatGPT to the public, demonstrating that AI can take human input and produce sophisticated responses. Many companies, including Google , have since rushed to add generative AI into their products. With so much demand for its infrastructure, Microsoft needs additional ways to tap Nvidia's GPUs.

Persons: it's, OpenAI, ChatGPT, Michael Intrator Organizations: Microsoft, CNBC, Google, Windows Locations: OpenAI

☆ Bank of America ranks the biggest A.I. winners in software stocks. Here are its top picks
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

As investors look for winners in the artificial intelligence boom, several software stocks stand out, including Microsoft and Oracle, according to Bank of America. Given the "immense opportunity ahead for both vendors and investors," Bank of America analysts have created a proprietary ranking system to identify potential AI beneficiaries in the software group. The rankings identify consensus AI leaders and software vendors, the firm said in a note Tuesday. "We have created a proprietary framework of analysis (based on 13 yes or no questions) that investors can use to predict potential AI beneficiaries. HubSpot may also potentially use AI for data cleansing and email data capture, among other things, he said.

Persons: Brad Sills, Bing, OpenAI, Sills, HubSpot, — CNBC's Michael Bloom Organizations: Microsoft, Oracle, Bank of America, Nvidia, OpenAI, HubSpot Locations: OpenAI

☆ Google's patents cover tech in ChatGPT. But fighting rivals in court isn't worth it, legal experts say.
▼ + stars: | 2023-05-26 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +5 min

Google invented AI technology like the Transformer, which led to breakthroughs in the chatbot race. Essentially, outside researchers gain access to a piece of AI technology from Google and continue iterating on it, which in turn benefits Google's own products. Several experts in patent law spoke to Insider about Google's AI patents, namely why it hasn't used them against competitors and whether it even could. Technical and legal questions aside, it would be somewhat hypocritical for Google to sue anyone for infringing its AI patents. Patent warsLegal experts pointed to the idea of "mutually assured destruction" to explain why tech companies would file patents without enforcing them offensively.

Persons: hasn't, Matthew D'Amore, Idong Ebong, Nixon Peabody Organizations: Google, Cornell University, Big Tech, Microsoft, Samsung, Apple, HTC, IBM Locations: OpenAI, ChatGPT

☆ Microsoft says Bing can be default search engine for ChatGPT users
▼ + stars: | 2023-05-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft said Tuesday that it will offer Bing as the default search engine in OpenAI's viral ChatGPT chatbot. "ChatGPT will now have a world-class search engine built-in to provide timelier and more up-to-date answers with access from the web," Mehdi wrote. "Now, ChatGPT answers can be grounded by search and web data and include citations so you can learn more — all directly from within chat." Microsoft is trying to expand the use of Bing, which has for years struggled to gain market share from Google. Microsoft said developers will be able to build plugins that work in ChatGPT, Bing and its Copilot chatbot coming to Microsoft 365 apps such as Word and Excel.

☆ AI boom could expose investors’ natural stupidity
▼ + stars: | 2023-05-19 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Indeed, enthusiasm about AI has become the one ray of light piercing the stock market gloom created by the record-breaking rise in U.S. interest rates. It’s a good moment for investors to be especially alert to the tendency of natural stupidity to drive stock market valuations to unrealistic – and therefore ultimately unprofitable – extremes. However, the most important lessons of behavioural economics relate to a more fundamental question: Will the new generation of AI do what it promises? Behavioural economics offers some cautionary tales for such attempts to apply AI in the wild. For example, stock market returns can be affected by a small number of rare but extreme movements in share prices.

☆ OpenAI to introduce ChatGPT app for iOS
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - OpenAI, the company behind the ChatGPT chatbot, said on Thursday it is introducing the ChatGPT app for Apple's iOS. The ChatGPT app is free to use and would sync history across devices, OpenAI said. "ChatGPT Plus subscribers get exclusive access to GPT-4's capabilities, early access to features and faster response times, all on iOS," the company added. GPT-4 is a powerful artificial intelligence model that succeeds the technology behind the wildly popular ChatGPT. Earlier in February, OpenAI launched a pilot subscription plan for its popular AI-powered chatbot, called ChatGPT Plus, for $20 per month.

May 17 (Reuters) - The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed in a Reuters/Ipsos poll published on Wednesday. More than two-thirds of Americans are concerned about the negative effects of AI and 61% believe it could threaten civilization. ChatGPT has kicked off an AI arms race, with tech heavyweights like Microsoft (MSFT.O) and Google (GOOGL.O) vying to outdo each other's AI accomplishments. The Reuters/Ipsos poll found that the number of Americans who foresee adverse outcomes from AI is triple the number of those who don't. Those who voted for Donald Trump in 2020 expressed higher levels of concern; 70% of Trump voters compared to 60% of Joe Biden voters agreed that AI could threaten humankind.

☆ Italy allocates funds to shield workers from AI replacement threat
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

Of the total, 10 million euros will go towards boosting the skills of those whose jobs are at high risk of being replaced due to automation and technological innovation. The remaining 20 million euros will be allocated to help unemployed and economically inactive people develop digital skills that would improve their chances of entering the job market, FRD said. A wide range of jobs could come under threat from automation, FRD said, citing sectors including transport and logistics, office support and administration, production, services and the retail sector. Many experts say new regulations are needed to govern AI because of its potential impact on national security and education, as well as jobs. ($1 = 0.9084 euros)Reporting by Elvira Pollina, writing by Federico Maccioni, editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft skips salary increases for full-time employees this year
▼ + stars: | 2023-05-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Microsoft will hold off on offering salary increases to full-time employees, CEO Satya Nadella told staffers by email on Wednesday. The move aligns with Microsoft's efforts to reduce costs as revenue growth slows and clients reel in spending. Last year, as inflation rippled through the economy, Microsoft nearly doubled the budget for merit increases and boosted stock allocations for certain employees. WATCH: Microsoft's Satya Nadella joins fellow tech executives for White House meeting on AI

☆ After ChatGPT, AI startups are poised to boom. See 16 pitch decks used by founders in generative AI, health, and enterprise.
▼ + stars: | 2023-05-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

See 16 pitch decks used by AI founders using the tech in everything from health to fintech. V7Generative AI, media, and designSupernormal, a generative AI startup that automates meeting notes, just raised $10 million. This AI startup helps Big Tech firms compress videos while maintaining quality. These 3 founders are using AI to analyze patients' biological profiles and recommend drugs. This AI startup helps firms like TrueLayer and CurrencyCloud meet their revenue targets.

☆ You're right to be scared of A.I., says Ivy League expert and White House advisor—these 5 guardrails can protect 'against harm'
▼ + stars: | 2023-05-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

On Monday, researcher Geoffrey Hinton, known as "The Godfather of AI," said he'd left his post at Google, citing concerns over potential threats from AI development. Google CEO Sundar Pichai talked last month about AI's "black box" problem, where even its developers don't always understand how the technology actually works. Among the other concerns: AI systems, left unchecked, can spread disinformation, allow companies to hoard users personal data without their knowledge, exhibit discriminatory bias or cede countless human jobs to machines. In the "Blueprint for an AI Bill of Rights," Venkatasubramanian helped lay out proposals for "ethical guardrails" that could safely govern and regulate the AI industry. With them in place, most people would barely notice the difference while using AI systems, he says.

☆ The Next Fear on A.I.: Hollywood’s Killer Robots Become the Military’s Tools
▼ + stars: | 2023-05-05 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

But at the Pentagon and the National Security Council, there was a second agenda: arms control. If the Chinese military cannot get the chips, the theory goes, it may slow its effort to develop weapons driven by artificial intelligence. That would give the White House, and the world, time to figure out some rules for the use of artificial intelligence in sensors, missiles and cyberweapons, and ultimately to guard against some of the nightmares conjured by Hollywood — autonomous killer robots and computers that lock out their human creators. Now, the fog of fear surrounding the popular ChatGPT chatbot and other generative A.I. software has made the limiting of chips to Beijing look like just a temporary fix.

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