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Morgan Stanley wants more partnerships with tech vendors focused on cloud, data, and AI. Two years before OpenAI ballooned into the artificial intelligence juggernaut it is today, Sean Manahan's team at Morgan Stanley met with what was then an up-and-coming research nonprofit. For its part, Morgan Stanley is capitalizing on its ties with OpenAI to supercharge the bank's lucrative wealth-management business. Morgan Stanley's tech strategy is about 80% buy to 20% building tech inhouse and the pipeline of tech vendors has exploded. Morgan Stanley, like every other finance firm on the Street, has also moved to the cloud.
Persons: Morgan Stanley, Sean Manahan, OpenAI, Sean Manahan's, OpenAI's ChatGPT, Manahan, he's, Morgan Stanley's, it's, fintechs, They're, VCs, Morgan Organizations: Stanford, Microsoft, Investors, Amazon Web Services, Google, Apple
In June, the U.S. National Oceanic and Atmospheric Administration (NOAA) declared that an El Nino is now under way. Meteorologists expect that this El Nino, coupled with excess warming from climate change, will see the world grapple with record-high temperatures. Here is how El Nino will unfold and some of the weather we might expect:WHAT CAUSES AN EL NINO? El Nino could offer a reprieve to the Horn of Africa, which recently suffered five consecutive failed rainy seasons. Historically, both El Nino and La Nina have occurred about every two to seven years on average, with El Nino lasting 9 to 12 months.
Persons: Kim Hong, heatwaves, El, El Nino, Michelle L'Heureux, Tom DiLiberto, DiLiberto, La Nina, Nina, Gloria Dickie, Jake Spring, Angus MacSwan, Sandra Maler Organizations: REUTERS, Nino, Reuters, El Nino, U.S . National Oceanic, Atmospheric Administration, NOAA, El, Graphics, el nino, NINO, U.S . West, La, Sao Paulo, Thomson Locations: Cheongju, South Korea, China, United States, Beijing, Rome, Americas, Asia, El, Pacific, Peru, Philippines, Canada, Central, South America, Australia, of Africa, Eastern Pacific, El Nino, London, Sao
Prime Day 2023 ends tonight and we're still working hard to round up all the best deals of day 2. Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date. Even with a newer C3 model out this year, this remains a better value, especially at this current Prime Day deal price. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day.
Persons: we're, we've, snagging, We're, I've, Sarah Saril, you've, we'd, We've, they're, it's, Amazon’s, eero, You'll, Apple, Bose, AirPods, Price, Price Roku, Dolby, Max, Price Casper, Casper, Coop, it’s, It's, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Luna, Riley C.E.O, Sunday Riley, It’s, Murad Retinol, Kit Burt's, Kit, They're, Snuggies, Elaine Benes, Kenneth Cole, Steven Madden, Martens, Ray Bans, Vines, Price Calvin Klein, Calvin Klein racerback, Grey Heather, Now's, JW Pei, Price Honeywell, Price Apple, Price Arlo, we’ve, fryer, Bento, bento, you'll, LaCroix, seltzer, Foodi, Fryer, Pro Air Fryer, Price Dyson, Dyson, Hoover, Decker, Bissell, Price Dell, Price LG, Ed, Swift, Zelda, Price Hori, Con Organizations: Tech, Apple, Amazon, Prime, Black, Alexa, Amazon's, Echo Studio, Music, Price Apple, Price Sony WH, Sony, Samsung, LG, Walmart, Casper, Health, Bands, Price Garmin, Garmin, OSHA, Optimum, Theragun's, Amazon Prime, Sunday, Panasonic, frizz, Amazon Deal, GAP, Adidas, Chelsea, Deal, Navy, Columbia, Honeywell, Energy, Steam, IRIS, GE, Oster Digital, Fryer, Oster, OmieGo, ICE, Pro Air, ICM, Deal LG, Fire, Price LG, PlayStation, Google, Price NVIDIA, HP, Price Samsung, MacBook Air, Asus, Mobile, Lenovo, Intel, AMD, Monitor, Seagate, Dell, Monitor Samsung, ASUS, Gaming, EA Star Wars, Star, Nintendo, Gray, Super Nintendo Entertainment Locations: Siena, Birch, Sol, Colombia, Cha Kyusu, sharpener, Whynter, it's, It's
In April, Google made a dramatic move to face down the threat from Microsoft and OpenAI: it combined its AI research team, Brain, with DeepMind. By fusing it with its central AI unit, Google sent an unambiguous message that it was pulling out all the stops to supercharge its work in AI. Insider obtained internal org charts that reveal the new power structure of Google DeepMind. Hassabis oversees around 2,450 full-time employees, the majority of which are Google DeepMind employees. Dean, who previously oversaw all of Google's AI unit, has moved from his management position into the new role of Chief Scientist, reporting directly to CEO Sundar Pichai.
Persons: DeepMind, Demis Hassabis, There's, Hassabis, Eli Collins, Bard chatbot, Zoubin Ghahramani, Jeff Dean, Koray, Google's, Dean, Sundar Pichai, Emanuel Taropa Organizations: Google, Microsoft, Brain, Research, Technology, Gemini, General Intelligence
Yet almost every single one of those new AI writing tools that are "better" than ChatGPT? I looked into fourpopular AI writing tools and found that they're all actually worse than ChatGPT. Here's the list of overhyped, expensive AI writing tools I recommend avoiding. Jenni.aiJenni AI, which I've reviewed in full, is an AI writing tool that promises to supercharge your content creation with high-quality content. From generating titles, outlines, or fully-fleshed-out blog posts, ChatGPT was as good as, or better, than any AI tools I've tested.
Persons: Zulie Rane, Rane, Jenni.ai, Jenni.ai Jenni, I've, Jenni, Zulie Rane Jenni, It's, Zulie Rane It's, Rytr, ChatGPT Organizations: Morning, Google
Several uncensored and loosely moderated chatbots have sprung to life in recent months under names like GPT4All and FreedomGPT. Many were created for little or no money by independent programmers or teams of volunteers, who successfully replicated the methods first described by A.I. Most groups work from existing language models, only adding extra instructions to tweak how the technology responds to prompts. The uncensored chatbots offer tantalizing new possibilities. Independent A.I.
Persons: A.I, , Oren Etzioni, “ They’re Organizations: Big Tech, A.I, University of Washington, Allen Institute for A.I
Experts told Insider that Gen Z was well positioned to capitalize on the AI boom. That could supercharge Gen Z careers, as generative AI is expected to affect millions of jobs, and companies are already seeking talent to help navigate those changes. "From that perspective, Gen Z should be in a good position to capitalize on the AI boom." Gen Zers are using AI for research and brainstormingLais Silva, a Gen Z content manager at a social-media startup, said she'd essentially replaced Google with ChatGPT. Older generations could have a competitive edge over Gen Z because of experience — if they're open to learning AI toolsThe AI revolution isn't guaranteed to be a boon for Gen Z workers.
Persons: Z, , AJ Eckstein, He's, He'll, Eckstein isn't, they'd, Gen Zers, ChatGPT, Carl Benedikt Frey, Eckstein, Lais Silva, she'd, Morgan Young, chatbots, She'll, Oxford's Frey, Columbia's Netzer, Gen Organizations: Service, Fortune, Columbia Business School, Pew, Oxford University, Google
The exemption is allowed so long as Super PACs stay independent of the campaign they are supporting. This year's record spending by outside groups has been fueled in part by massive transfers by political groups tied to the candidates. "We've never had anything quite like this before in campaign finance," said Saurav Ghosh, a lawyer at the Campaign Legal Center. 'DISASSOCIATED'The Trump and DeSantis campaigns did not respond to requests for comment, but both Super PACs said the transfers were legal. "Campaign Legal Center is a fringe leftist organization that exists to file frivolous complaints," said MAGA Inc spokesperson Alex Pfeiffer.
Persons: Donald Trump, Ron DeSantis, Trump, DeSantis, MAGA, Stuart McPhail, We've, Saurav Ghosh, Alex Pfeiffer, Trevor Potter, John McCain, McPhail, Jason Lange, Nathan Layne, James Oliphant, Scott Malone, Suzanne Goldenberg Organizations: Florida, Republican, Inc, Federal, Commission, MAGA Inc, Citizens, MAGA, Republicans, Democrats, Social Security, Trump, DeSantis, Super PAC, Thomson Locations: Florida, Washington, Wilton , Connecticut
New York Democrats’ substandard performance in the midterm elections last year helped their party lose control of the House of Representatives, threatened its national agenda, and angered national Democrats. In an effort to avoid repeating the same mistake, New York Democrats on Thursday will announce support for a statewide effort to pass a women’s rights amendment that they hope will also supercharge turnout in 2024, when President Biden and House members will be up for re-election. Their strategy: Get Democrats to the polls by focusing attention on a 2024 statewide referendum, the New York Equal Rights Amendment, that will explicitly bar New York from using its power and resources to penalize those who have abortions. Kathy Hochul and House Minority Leader Hakeem Jeffries, among others, plans to raise at least $20 million to spend on television ads, direct mail and organizing in support of the initiative. The effort is designed to complement the House Democrats’ main super PAC’s $45 million bid to win six New York swing districts next year, including four that just flipped Republican.
Persons: Biden, Kathy Hochul, Hakeem Jeffries Organizations: New York Democrats, New, Gov, Democrats ’ Locations: York
As soon as he heard his dad's voice, Eddie, a 19-year-old TikToker, knew something was up. But with AI, the voice on the other end of the phone can now sound eerily like the real deal. Plus, more people are making their real voice available to scammers: McAfee said 53% of adults shared their voice data online weekly. McAfee also found that over one-third of victims lost more than $1,000 in AI scams, with 7% losing more than $5,000. Then, the scammer can just type out whatever they want, and the AI voice will speak what is typed in real time.
Persons: Eddie Cumberbatch, Eddie, , Eddie's, Eddie didn't, tricksters, scammers, McAfee, aren't, Richard Mendelstein, Stella, panicking, it's, Steve Grobman, Grobman, they've, Neil Gorsuch, Kamala Harris, Ally Armeson, cybercrime, Armeson, Eve Upton, Clark Organizations: Federal Trade Commission, People, FTC, McAfee, Google, Washington Post, Supreme, Cybercrime Support Locations: Chicago, Mexico City, Canadian
And while Schwarzenberger comes from the world of YouTube, it's not just content creators and influencers who have embraced video. "Sometimes they don't differentiate between a podcast on an audio platform, and a podcast on a video platform. Spotify recently started partnering with payment startup Creative Juice to support podcast creators. Hosting company RSS.com launched a tool in June to generate video from audio podcast tracks to repurpose on social media. And several AI tools have launched that automatically chop up long-form video content for short-form social platforms.
Persons: it's, Jordan Schwarzenberger, Schwarzenberger, influencers, Alison Lomax, Louise Kattenhorn, Matt Wells, — chatty, Conal Byrne, Will Ferrell, Nikki Glaser, Ryan Seacrest, Joe Gagliese, Liam Heffernan, RSS.com, Josh Adley, YouTube's, Natalie Amos, Listen's Adley, Keith Jenkins, Jenkins, Kristen Bousquet, Bousquet, Jay Clouse Organizations: YouTube, Ireland, BBC, Cumulus Media, Apple, Spotify, iHeart, Viral, Gleam Locations: London
Meta, Amazon and Alibaba have said they’re working on generative AI tools, too. As impressive as some generative AI services may seem, they essentially just do pattern matching. Not all AI tools are equally useful and many companies will certainly tout AI features and strategies simply to tap into the current hype cycle. Artificial intelligence is also much broader than ChatGPT and other generative AI tools. Companies will likely need new workers to help them implement and manage AI tools.
Persons: Drake, ChatGPT, Jaap Arriens, Sam Altman, , Sundar Pichai, Kamala Harris, Evan Vucci, OpenAI, Altman, Organizations: CNN — Business, Netflix, Google, Getty, Microsoft, Big Tech, CNN, Companies, Economic, CNET, ChatGPT, White Locations: Silicon, Washington, ChatGPT, United States, Europe
As a financial advisor, I saw wealthy clients follow the same path to millionaire status. But my strategy changed when I met Grant Sabatier and realized I wasn't enjoying my money the way I wanted to. Spend and enjoy the majority of your money now or delay those luxuries in exchange for a comfortable retirement in the future. He continued telling me that at age 25, he sat down and listed the 10 things that made him happy. I realized that I needed a lot less money than I thought to be happy," said Sabatier.
Persons: Grant Sabatier, , He'd, Sabatier, I've, Read Organizations: Service, New York City Locations: New, Oklahoma
SoftBank CEO Masayoshi Son says the firm will be a winner in the AI race thanks to its investments. Arm, a key player in the design of AI chipsets and SoftBank's AI ambitions, is anticipated to go public soon. In a past presentation, Son predicted that life expectancy would increase to over 200 by the year 2400 and that humans will someday learn to coexist with intelligent robots. In 2017, SoftBank's Son predicted that humans will learn to co-exist with intelligent robots within the next 30 years. In a 2017 presentation, SoftBank speculated that humans will someday be able to communicate telepathically.
Persons: Masayoshi Son, SoftBank, WeWork, it's, ByteDance, SoftBank's, Son, Elon, Neuralink . Son, SoftBank Son Organizations: Morning, Vision, SoftBank, Elon Musk's, Neuralink Locations: Coronavirus, Neuralink .
Tech entrepreneur Hogarth will head UK's AI taskforce
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: +1 min
LONDON, June 18 (Reuters) - The British government said on Sunday that tech entrepreneur Ian Hogarth would head its new taskforce to look at the safety risks posed by artificial intelligence. Last week, Prime Minister Rishi Sunak pitched London as a potential global home of AI regulation, with Britain set to host a summit on its risks later this year. Hogarth, who co-founded concert discovery service SongKick, which was sold to Warner Music in 2017, has been chosen to lead the UK's AI Foundation Model Taskforce with the brief of taking forward cutting-edge safety research in the run up to that summit. "The Prime Minister has laid out a bold vision for the UK to supercharge the field of AI safety, one that until now has been under-resourced even as AI capabilities have accelerated," Hogarth said in a statement. "I’m honoured to have the chance to chair such an important mission in the lead up to the first global summit on AI Safety in the UK."
Persons: Ian Hogarth, Rishi Sunak, Hogarth, I’m, Sunak, Michael Holden, Sharon Singleton Organizations: Warner Music, Safety, Thomson Locations: London, Britain
Inside the rise of a Wall Street wunderkind
  + stars: | 2023-06-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Achieving success at an early age is impressive in any industry, but it's particularly awe-inspiring on Wall Street. Kuenzel, who started as an intern at hedge fund Citadel in 2018 and focused on quantitative research, spoke about his rise within Griffin's financial empire. It's a good lesson for how fixing issues at work is a surefire way to supercharge your career. The Fed and the SEC are investigating the work Goldman did with SVB in the lead-up to its failure, The Wall Street Journal reports. If you're suffering from pre-diabetes or obesity, intermittent fasting could be a good way to control your blood sugar.
Persons: Dan DeFrancesco, Wilhelm, we've, Peter Cade, Emmalyse Brownstein, Soeren Kuenzel, Ken Griffin's, Kuenzel, Griffin, Nancy Luna, Goldman Sachs, Adam Dell, Morgan Stanley, Crispin Odey, Goldman, Qi Tom Chen, Horace Mann School, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Citadel Securities, Citadel, Bloomberg, Odey, Management, JPMorgan, SEC, Street, CNBC, Horace Mann, LinkedIn Locations: London, New York
watch nowSaudi Arabia sees China as a key partner in a multipolar world — with the two countries expected to only come closer as their common interests grow, Saudi Minister of Investment Khalid Al-Falih told CNBC. "And we believe that economic cooperation between China and Saudi Arabia and the GCC (Gulf Cooperation Council), and the entire Arab region, will be a significant part of that." The U.S. has military installments in Saudi Arabia, selling it advanced weaponry and providing training and joint operations with the Saudi military. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. But we would see, going forward, more global champions from Saudi Arabia going to China to access a growing market of 1.4 billion high-consumption individuals."
Persons: Investment Khalid Al, Falih, — it's, CNBC's Dan Murphy, it's, Biden, Xi Jinping, Crown Prince, Saudi Arabia Mohammed bin Salman Al Saud, Saudi Crown Prince Mohammed bin Salman, Faisal bin Farhan, Antony Blinken, Fayez Nureldine Organizations: Saudi, Investment, CNBC, China Business Conference, GCC, Gulf Cooperation Council, U.S ., Anadolu Agency, Getty, Technology, Saudi Crown, Beijing, GCC Ministers, AFP Locations: Saudi Arabia, China, Riyadh, Africa, Central Asia, United States, Brazil, Russia, India, South Africa, U.S, Saudi, we're, Washington, Yamamah, Beijing
The chief marketing officer at Twilio says AI will soon be in use in sales and marketing at every company. There are many parts of the business world where AI is going to have a huge impact, but sales and marketing is one of the big ones. To be sure, Twilio builds products that faciliate sales and marketing, but other CMOs agree that AI could supercharge those activities. It allows you to ingest a whole slew of data that's virtually impossible for a human being to take in and synthesize. In 12 months, I really think for every company, every marketing team, every sales team, generative and predictive AI is going to be a core part of every tool that they use.
Persons: Joyce Kim, That's, We've Organizations: McKinsey, YouTube
Throughout my 21-year career, I've heard a variety of advice including:It's on me, the employee, to seek career opportunities (which, when I was 25, was confusing). When feeling like I was spinning my wheels, seek advice (which made more sense, but I didn't know who to talk to). Plus, career advice is never one-size-fits-all. If you're at a crossroads, here are four tips that might help you as you decide whether having a mentor is right for you. Proactiveness: My mentor gave me thought exercises and homework to help me find the next steps in my career.
Persons: , I've, Jim VandeHei, that's, VandeHei, It's, mentee, Condoleezza Rice, Laura Newinski Organizations: KPMG, Service, Research
On Thursday, the U.S. National Oceanic and Atmospheric Administration (NOAA) declared that an El Nino is now underway. The last time a strong El Nino was in full swing, in 2016, the world saw its hottest year on record. Meteorologists expect that this El Nino, coupled with excess warming from climate change, will see the world grapple with record-high temperatures. Here is how El Nino will unfold and some of the weather we might expect:WHAT CAUSES AN EL NINO? Historically, both El Nino and La Nina have occurred about every two to seven years on average, with El Nino lasting 9 to 12 months.
Persons: El Nino, Michelle L'Heureux, El, Tom DiLiberto, DiLiberto, La Nina, Nina, Gloria Dickie, Angus MacSwan Organizations: El Nino, U.S . National Oceanic, Atmospheric Administration, NOAA, El, Graphics, el nino, NINO, U.S . West, Nino, La, El Ninos, Thomson Locations: Americas, El, Pacific, Peru, Philippines, United States, Canada, Central, South America, Australia, of Africa, Eastern Pacific, El Nino, London
The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.
Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon
The aim was a similar short-form video service to become more competitive in the space and slow down ad share losses. "This is a key leading indicator for monetization, and any incremental results from AI-driven targeting and measurement would accelerate the market share shift." In a digital advertising market where growth is limited, the battle for market share gains is critical. TikTok's AI strategy TikTok has seen a quick rise in viewership by virtue of predictive AI for content recommendation. TikTok advertisers can place ads through the platform's TikTok Ads Manager , offering automatic audience targeting and measurement tools.
Persons: TikTok, Debra Aho Williamson, Instagram, Aho Williamson, Rohit Kulkarni, Roth MKM, Kulkarni, Roth MKM Kulkarni, Oppenheimer, That's, Brad Erickson, Meta, Erickson, Meta's, Mark Zuckerberg's, Roth, Joe Biden, it's, we're, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique, Lightrocket Organizations: Facebook, TikTok, Meta, Insider Intelligence, Apple, CNBC, JMP Securities, RBC Capital, Citi, , Oracle, Getty Locations: Beijing, Instagram, U.S, Montana
The deliberate pace of progress contrasts with the blistering speed with which companies and organizations have embraced generative AI, and the flood of investment into the industry. “The Senate must deepen our expertise in this pressing topic,” Schumer wrote in a letter to colleagues announcing the briefings. Options include forming a select committee to craft a comprehensive AI bill, or “splitting out and having lots of different committees come up with different pieces of legislation,” Rounds said. Sen. Michael Bennet has introduced legislation to create a new federal agency with authority to regulate AI, for example. And on Wednesday, Sen. Josh Hawley unveiled his own framework for AI legislation that called for letting Americans sue companies for harms created by AI models.
Persons: Chuck Schumer, Schumer, , ” Schumer, South Dakota Republican Sen, Mike Rounds, Rounds, New Mexico Democratic Sen, Martin Heinrich, Indiana Republican Sen, Todd Young — haven’t, ” Rounds, Sam Altman, Sen, Michael Bennet, Josh Hawley, Organizations: Washington CNN, guardrails, South Dakota Republican, Washington, New, New Mexico Democratic, Indiana Republican, National Defense Locations: New Mexico
The headset blends both virtual reality and augmented reality, a technology that overlays virtual images on live video of the real world. The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC23 developer conference with the announcement of the new Apple Vision Pro mixed reality headset. During another demo, an Apple employee wearing a Vision Pro headset FaceTimed me from the other side of campus. The Vision Pro has the potential to do all of that in an even more striking way.
Persons: I’d, Alicia Keys, Tim Cook, Apple, Justin Sullivan, , Alan Dye, else’s, , Cook, Bob Iger Organizations: CNN, Apple, Apple Vision, Apple Worldwide, Vision Pro, Vision, Hollywood, Disney, Geographic, Marvel, ESPN, Apple Watch Locations: Cupertino , California
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Persons: Dow Jones
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