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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

☆ Microsoft Criticized for Embedding ‘Crass’ A.I. Poll Beside News Article
▼ + stars: | 2023-11-02 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

An auto-generated poll that Microsoft embedded on its news aggregating platform alongside a Guardian article was “crass” and caused The Guardian significant reputation damage, the newspaper said on Thursday. The poll, which was posted last week next to an article about a woman who was found dead in a school bathroom in Australia, asked readers to speculate on the cause of the woman’s death. It gave three choices: murder, accident or suicide. The Guardian said the poll was created using generative artificial intelligence, which can generate text, images and other media from prompts. Ms. Bateson said that The Guardian had already asked Microsoft not to apply its experimental technologies to Guardian news articles because of the risks it posed.

Persons: Anna Bateson, ”, ” Ms, Bateson, Brad Smith, Ms Organizations: Microsoft, Guardian, Guardian Media Group Locations: Australia

☆ How Microsoft’s AI is making a mess of the news
▼ + stars: | 2023-11-02 | by ( Donie O'Sullivan | Allison Gordon | ) edition.cnn.com time to read: +10 min

But the apparent role of AI in Microsoft’s recent amplification of bogus stories raises questions about the company’s public adoption of the nascent technology and for the journalism industry as a whole. The poll prompted criticism from Microsoft’s readers, “This has to be the most pathetic, disgusting poll I’ve ever seen,” one person wrote. “We had a really tight knit, super talented editorial team and we had all worked together for a long time,” Pfeuffer told CNN. “I don’t think people realize how many people use [MSN],” she told CNN. “It felt like I was standing in line at the grocery store reading a National Enquirer front page,” Kawar told CNN.

Persons: Joe Biden, Britain’s, Lilie James, James ’, Anna Bateson, “, ” Bateson, Brad Smith, Bateson, ”, Brandon Hunter, “ Brandon Hunter, Dean Preston, Elon Musk, Pfeuffer, ” Pfeuffer, Biden, Joe Biden ”, Ferris, ” Kawar, he’s Organizations: CNN, Democratic Party, NBA, Microsoft, Guardian, MSN, Guardian Media Group, San Francisco, Microsoft Edge, Enquirer, Microsoft Microsoft, Google Locations: OpenAI, Sydney, Australia, Santa Monica , California

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Executives at both the companies talked up the stabilizing PC market on earnings calls this week and said they expected the integration of artificial intelligence to boost growth. "The arrival of the AI PC represents an inflection point in the PC industry," said Intel CEO Pat Gelsinger. AMD boss Lisa Su said she "expected some growth going into 2024 as we think about sort of the AI PC cycle and some of the (Microsoft) Windows refresh cycles". Still, some investors see the lack of AI apps as a potential hurdle for their adoption.

Persons: Dado Ruvic, Pat Gelsinger, Lisa Su, Justin Sumner, Canalys, Dave Egan, Arsheeya Bajwa, Akash Sriram, Chavi Mehta, Krishna Chandra Organizations: REUTERS, Intel, Devices, AMD, Microsoft, Voya Investment Management, Graphics, Columbia, Thomson Locations: Bengaluru

☆ Microsoft under fire over AI-generated poll about death of 21-year-old woman on its news platform
▼ + stars: | 2023-11-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The Guardian accused Microsoft of causing "significant reputational damage" with an AI-generated poll. A poll speculating how a woman died appeared next to a Guardian news story on Microsoft Start. AdvertisementAdvertisementA newspaper publisher accused Microsoft of damaging its reputation after an AI-generated poll appeared next to one of its articles on an aggregation platform. An AI-generated poll asking readers to vote on whether they thought the woman had died by murder, suicide or accident appeared next to the article on Microsoft Start. She also called for the software company to stop using experimental AI alongside Guardian news stories.

Persons: —, Lilie James, Anna Bateson, Bateson, Brad Smith, Smith Organizations: Guardian, Microsoft, Service, Guardian Media Group Locations: Sydney, Australia

☆ Chinese tech giant Alibaba launches upgraded AI model to challenge Microsoft, Amazon
▼ + stars: | 2023-10-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Alibaba called Tongyi Qianwen 2.0 a "substantial upgrade from its predecessor," which was introduced in April . China's biggest cloud computing and e-commerce player announced Tongyi Qianwen 2.0, its latest large language model (LLM). A LLM is trained on vast amounts of data and forms the basis for generative AI applications such as ChatGPT, which is developed by U.S. firm OpenAI. Tongyi Qianwen 2.0 "demonstrates remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorizing, and preventing hallucinations," Alibaba said in a press release. The Hangzhou-headquartered company also announced the GenAI Service Platform, which lets companies build their own generative AI applications, using their own data.

Persons: Alibaba, Tongyi Organizations: Artificial Intelligence, U.S, Tuesday, Microsoft, OpenAI, Amazon Locations: Shanghai, Hangzhou, China

☆ Analysts are bullish on Amazon's growth story ahead of its earnings
▼ + stars: | 2023-10-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength. Heading into Amazon's earnings announcement, some of the biggest firms were optimistic on the company's growth potential. Anmuth has an overweight rating and price target of $180 on shares, suggesting the stock could jump more than 48%. The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close. Bank of America says more room for growth ahead Bank of America analyst Justin Post reiterated his buy rating while raising his price target to $154.

Persons: Doug Harrington, Doug Anmuth, Anmuth, Ronald Josey, Mark Mahaney, Morgan Stanley, Amazon Morgan Stanley, Justin Post, Michael Bloom Organizations: Deal, Amazon, Amazon Web Services, JPMorgan, Citi, " Bank of America, Bank of America Locations: Echo, India

☆ Live updates: Meta Q3 earnings call after the bell with stock riding high
▼ + stars: | 2023-10-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

UBS says Reels on Instagram is outperforming TikTok. Jeff Bottari/Getty ImagesAccording to a recent note from UBS, channel checks by the bank indicate that "Reels is outperforming TikTok with lower CPMs and much improved engagement." That's great news for Meta, given that TikTok has been viewed as one of the company's top risks in the competition for more eyeballs. "We think the GenAI consumer app bull case is still under-appreciated and not priced into shares. We think more disclosure on GenAI product uptake and eventual monetization could bolster confidence in the durability of top line growth, driving multiple expansion," UBS said.

Persons: Jeff Bottari, TikTok Organizations: UBS, Meta, Instagram, Facebook

Microsoft's chief financial officer Amy Hood said on a conference call with analysts that higher-than-expected AI consumption was responsible for a 3 percentage point boost to its cloud business. Alphabet has prioritized snaring AI startups as customers for its cloud division, while Microsoft has relied on its existing relationships to secure larger customers. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha. RBC Capital Markets has previously estimated that Microsoft will clock over $3 billion in revenue from generative AI offerings this fiscal year. Quite surprising to see strong growth reacceleration in the Azure Cloud segment, which is clearly driven by AI-as-a-service related demand," said Global X analyst Tejas Dessai.

Persons: Microsoft's, Bob O'Donnell, Bing, Bard, Amy Hood, Krishna Chintalapalli, capex, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Stephen Nellis, Sayantani Ghosh, Sonali Paul Organizations: Microsoft, Wall, Microsoft's, TECHnalysis, Parnassus Investments, DAZZLES, Alpha, RBC Capital Markets, Reuters Graphics Microsoft, Tejas Dessai, AWS, Thomson Locations: Bengaluru, Anna, San Francisco

☆ Here's what all the major analysts are saying about Alphabet before earnings
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.

Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells

☆ Insurance companies are betting on AI and mass data analytics in a battle against fraud that costs billions
▼ + stars: | 2023-10-24 | by ( Amanda Paule | ) www.businessinsider.com time to read: +9 min

AdvertisementAdvertisementLosses from insurance fraud are nearly double what they were 30 years ago. Scott Clayton, the head of claims fraud at Zurich Insurance Group. AdvertisementAdvertisementOn the other hand, around 40% of fraud is premeditated, and these cases can cost insurance companies upwards of €3,000, or around $3,170, according to the study. But the Insurance Fraud Detection Market is expected to grow from $5 billion in 2023 to $17 billion in 2028. AdvertisementAdvertisementIn the past 10 years, various third-party developers like Friss, IBM, and Shift Technology have started tailoring machine-learning systems to insurance companies.

Persons: —, they're, Alan Turing, It's, Scott Clayton, shallowfakes —, Clayton, I'm, we'll, Arnaud Grapinet, he's, Grapinet, it's, Rob Galbraith, Jennifer Lindberg, Rob Morton, Galbraith Organizations: Service, Coalition Against Insurance, Zurich Insurance, AXA Research Fund, Technology, IBM, Employees Locations: United States, Spain

☆ The 3 skills you need to have to grow your career in the age of AI, according to Databricks VP
▼ + stars: | 2023-10-19 | by ( Junta Nakai | ) www.businessinsider.com time to read: +6 min

He writes that careers will depend on your ability to use soft skills and adapt. AdvertisementAdvertisementLess than a year ago, a degree in computer science seemed like the golden ticket to a successful career. However, after ChatGPT's public release in 2022, this may no longer be the case as generative AI (GenAI) democratizes coding to those who simply possess English proficiency. Simply put, hard skills can make you good at one job, while soft skills can make you good at many jobs. Those that build upon their soft skills to constantly adapt, reset and reinvent will thrive in the Age of AI.

Persons: Nakai, —, GenAI, Frey, Oscbone's, Junta Nakai Organizations: Service, Wall Locations: Databricks, United States

☆ Here are Thursday's biggest analyst calls: Tesla, Netflix, Best Buy, Amazon, First Solar, Disney & more
▼ + stars: | 2023-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.

Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv

☆ Bank of America: Buy these 11 AI-exposed stocks that have both explosive potential and stable dividends
▼ + stars: | 2023-10-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Investors took note and scrambled to get exposure to AI stocks, many of which are among this year's top performers. Top investment firms like Bank of America, Morgan Stanley, and UBS told clients this summer that AI is worth the hype. 11 high-upside AI stocks with dividendsThere's no shortage of ideas about how to profit from AI, as Insider has noted throughout 2023. Bank of America recently put together a list of 164 buy-rated stocks across industries that are tied to AI. Below are those 11 high-upside, stable-dividend stocks with AI exposure and a buy rating from Bank of America along with the ticker, market capitalization, previous close, sector, industry, and country for each.

Persons: Morgan Stanley, Goldman Sachs, Alkesh Shah, Shah Organizations: Bank of America, UBS, Robotics, Intelligence, Technology, US

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Oct 17 (Reuters) - Generative artificial intelligence (GenAI) companies have become the major driver of unicorns -- startups reaching $1 billion valuation -- with 60% of the new ones falling in this category, according to a report from venture capital firm Accel. AI foundation models, developed by Microsoft-backed OpenAI, Meta and others, are capable of generating text, images or other media in response to prompts. Europe, home to AI startups such as AI video avatar platform Synthesia and Stability AI, is already producing 50% more AI publications than the United States with similar citation rate, according to the report. Reporting by Supantha Mukherjee in Stockholm, editing by Deborah KyvrikosaiosOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Philippe Botteri, Botteri, Supantha Mukherjee, Deborah Kyvrikosaios Organizations: REUTERS, Rights, Accel, Microsoft, Nvidia, Thomson Locations: Rights STOCKHOLM, Israeli, Meta, Europe, United States, Stockholm

☆ A lot of 2023's new unicorns have been generative AI startups. Here's what to expect from the sector next year, according to Accel.
▼ + stars: | 2023-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Generative AI startups have made up a lot of the world's new unicorns this year. High-profile investors have jostled to back, in some cases, weeks-old startups like Mistral as the hype around generative AI intensified. Both regions also tout a batch of promising unicorns across the generative AI stack. Generative AI will become a run-of-the-mill tool"Generative AI will unlock new verticalised applications built with smaller and dedicated models and industry-specific workflows," the Accel report said. Enterprises will also jump to incorporate generative AI more seamlessly into their automation tools, per the report.

Persons: —, Phillipe Botteri, Harvey Organizations: Venture, Mistral, US, Accel Partners, Runway, Accel, EU, Stanford University, Enterprises, Big Tech, Microsoft Locations: Europe, Israel, Jasper, France, EU

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

Economists already utilize machine learning, a branch of AI, to analyze data and develop economic projections. Korinek expects it to “revolutionize research,” according to a paper he wrote that was accepted for publication by the Journal of Economic Literature. Impact on employmentSo what could be the impact of genAI’s advancement on employment in economics? Jobs site Indeed conducted a recent study gauging the level of exposure of certain jobs to genAI based on the skills needed to perform them. Economists use a lot of technology to do their jobs, which are tasks that genAI could also perform, especially as it becomes more and more refined.

Persons: CNN — Anton Korinek, ”, “, ” Korinek, GenAI isn’t, Louis, Bing, Google’s Bard, Anthropic’s Claude, GenAI, Claude 2, Korinek, It’s, Tyler Cowen, Alex Tabarrok, “ ChatGPT, ” Cowen, Tabarrok, GPT, genAI, Louis Fed, Svenja, ” Gudell Organizations: CNN, University of Virginia, Korinek, Journal, Economic, George Mason University, Federal Reserve Bank of St, St, Professional Locations: genAI

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ OpenAI's ChatGPT can actually make workers perform worse, a new study found
▼ + stars: | 2023-10-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Workers using OpenAI's ChatGPT may actually perform more poorly than those who don't, new BCG research finds. AdvertisementAdvertisementIf you're using ChatGPT as a shortcut at work, you may want to be extra careful. For tasks "inside the frontier," consultants using AI were "significantly more productive" and "produced significantly higher quality results" than those who weren't using the chatbot. BCG's findings demonstrate a cautionary tale for workers thinking about using ChatGPT to help do their jobs. AI-generated errors may only get worse: In a recent paper, AI researchers found that generative AI models could soon be trained on AI-generated content — a phenomenon they call "model collapse."

Persons: —, it's, Wharton, Saren Rajendran, ChatGPT, NewsGuard, Bard, James Webb Organizations: Service, Boston Consulting, Harvard, MIT, CNET, James Webb Space Telescope

☆ More than 40% of labor force to be impacted by AI in three years, Morgan Stanley forecasts
▼ + stars: | 2023-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Today, Morgan Stanley pegs the AI impact at $2.1 trillion — affecting 25% of labor. The projections from Morgan Stanley come amid a stellar run for artificial intelligence-related stocks in 2023. Should generative AI adoption among enterprise workloads hit 20% over the next three year, it poses a $150 billion global enterprise spending opportunity, Morgan Stanley projects. An artificial intelligence sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.

Persons: Morgan Stanley, Brian Nowak, Nowak, Aly Song Organizations: TAM, Public Cloud, Artificial Intelligence Locations: Shanghai

☆ AI can boost this 'best-in-class' language stock that has more than doubled in 2023, UBS says
▼ + stars: | 2023-09-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks Duolingo can find more growth drivers from artificial intelligence and higher pricing for subscriptions. The bank began coverage of the language education stock on Wednesday with a buy rating and a $195 per share price target. Analyst Chris Kuntarich said Duolingo is a "best-in-class brand" that has more room to grow before fully penetrating its potential user base — which could be boosted by artificial intelligence. The analyst also noted optimism on future subscriber monetization through the company's family plan and "Max" tier, which is double the cost of its Super subscription. DUOL YTD mountain Duolingo stock has added more than 116% from the start of the year.

Persons: Duolingo, Chris Kuntarich, DUOL, Kuntarich, Max, skyrocketing, — CNBC's Michael Bloom Organizations: UBS

☆ Guggenheim upgrades Microsoft, says generative AI is 'too strong' to ignore
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Generative AI advancements can help Microsoft bounce back from its recent losses, according to Guggenheim. Analyst John DiFucci upgraded the stock to neutral from sell, saying the "potential monetary benefit from Generative AI is too strong a force to contend with" despite the company's recent underperformance. The analyst removed his price target on the stock as he believes the stock is trading around a fair valuation. Prior to the upgrade, DiFucci was the last analyst with a sell rating on Microsoft, according to FactSet. Guggenheim expects Office to continue to benefit from these factors, even aside Generative AI, he said.

Persons: John DiFucci, OpenAI, DiFucci, Guggenheim, GenAI, Michael Bloom Organizations: Microsoft, Guggenheim, ChatGPT, Microsoft's, Office

☆ Indeed's CEO says college students might be learning skills that could go 'obsolete' once they graduate — all because of AI
▼ + stars: | 2023-09-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Chris Hyams, the CEO of Indeed, says AI could make the skills college students learn 'obsolete.' AdvertisementAdvertisementThat could spell trouble for college students, he said. "With AI, it's conceivable that students might now find themselves learning skills in college that are obsolete by the time they graduate," Hyams wrote in the essay. For instance, Hyams said that Indeed's AI technology, which recommends opportunities to its site visitors, helps people get hired "every three seconds." AdvertisementAdvertisement"Despite the staggering innovation all around us, AI is still in its infancy," Hyams wrote.

Persons: Chris Hyams, Hyams, Fortune, it's Organizations: Service Locations: Wall, Silicon

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

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