AI in the News
Silicon Valley on Another Manic Quest to Change the World
A guide to the new AI technologies, evangelists, skeptics and everyone else caught up in the flood of cash and enthusiasm reshaping the industry.
In late May, 300 entrepreneurs, venture capitalists, journalists and assorted self-described thought leaders crammed into Shack15, a stylish social club on the second floor of San Francisco’s Ferry Building, where most spoke in soaring terms about what they saw as the next gold rush. The gathering, dubbed a “Generative AI Meeting of the Minds,” would’ve been unthinkable during the pandemic and improbable earlier this year, when the city’s main obsessions often seemed to be car break-ins and retail store closures. The night had the feel of a religious revival. “Something is happening, something is cracking open,” said the evening’s host, futurist writer Peter Leyden, in the first of many upbeat speeches. Just as everyone “was talking about the demise of San Francisco, how everyone is leaving the Bay Area, how no one wants to live in California, how we are in doom loops—that’s exactly the time you know the place is right about to burst open in reinvention,” Leyden said to applause. The speech, the whole event, captured the feeling coursing through tech circles these days: Silicon Valley is back.
Biggest Losers of AI
Biggest Losers of AI Boom Are Knowledge Workers, McKinsey Says
Could add the equivalent of $2.6 to $4.4 trillion annually
May add 0.6% in annual labor productivity growth for 20 years
The worldwide boom in generative artificial intelligence will usher in an age of accelerated productivity and greater prosperity for some — and profound disruption for others, primarily knowledge workers, according to a new report by consultants McKinsey & Co.
Whole swaths of business activity, from sales and marketing to customer operations, are set to become more embedded in software — with potential economic benefits of as much as $4.4 trillion, about 4.4% of the world economy’s output — according to the study by…..
BofA Says AI Frenzy Drives Record Inflows Into Tech
BofA Says AI Frenzy Drives Record Inflows Into Tech
Betting against AI would be a contrarian trade in June: BofA
Strategist retains bearish view on risks of tighter liquidity
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of America Corp. says.
A “baby bubble” in AI was the dominant market theme in May, strategist Michael Hartnett said, with tech funds attracting an all-time high of $8.5 billion in the week through May 31, according to the bank citing EPFR Global data.
US military AI drone simulation kills operator before being told it is bad, then takes out control tower | Fox News
Air Force pushes back on claim that military AI drone sim killed operator, says remarks 'taken out of context'
US Air Force official claimed drone killed operator during simulation
The U.S. Air Force on Friday is pushing back on comments an official made last week in which he claimed that a simulation of an artificial intelligence-enabled drone tasked with destroying surface-to-air missile (SAM) sites turned against and attacked its human user, saying the remarks "were taken out of context and were meant to be anecdotal."
Nvidia’s Massive AI Bet
Nvidia Touches $1 Trillion Mark After Beating Rivals to AI
Stock has soared amid booming demand for AI chips and software
Fewer than 10 stocks have topped the $1 trillion threshold
Nvidia Corp.’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies.
What Could ChatGPT Do to Wall Street?
A look at Wall Street’s past efforts to speed up trading by embracing computers and AI illuminates the implications of using them for decision-making.
Artificial Intelligence-powered tools, such as ChatGPT, have the potential to revolutionize the efficiency, effectiveness and speed of the work humans do. And this is true in financial markets as much as in sectors like health care, manufacturing and pretty much every other aspect of our lives.
No more search engines?
Bill Gates says AI could become so powerful that people would never need to use a search engine again
Bill Gates says AI development could reach a point where no one would need to use search engines and productivity sites, or shop online.
Speaking at AI Forward, a San Francisco event hosted by Goldman Sachs Group and SV Angel, Gates said top AI companies would likely create a personal digital agent, which would wipe out the need for some popular sites.
Does AI pose threat to humanity?
Does artificial intelligence pose a threat to humanity?
Fox News correspondent Grady Trimble has the latest on fears the technology will spiral out of control on "Special Report."
Artificial intelligence can't bring back the dead, but it may be able to simulate speaking to a lost loved one in an effort to help humans through the grieving process.
AI Human Reasoning
Microsoft Says New A.I. Shows Signs of Human Reasoning
A provocative paper from researchers at Microsoft claims A.I. technology shows the ability to understand the way people do. Critics say those scientists are kidding themselves.
US Senator Uses ChatGPT
US Senator Uses ChatGPT for Opening Remarks at a Hearing on AI
US Senator Richard Blumenthal opened a hearing on AI with a recording of his voice describing the risks of this emerging technology.
“Too often we have seen what happens when technology outpaces regulation,” he said. “The unbridled exploitation of personal data, the proliferation of disinformation and the deepening of societal…
AI powered social media platform
Goldman Sachs enters tech race with AI-powered social media platform
Sachs' 'Lousia' uses AI to recommend corporate connections and relationships
Goldman Sachs broke into the tech industry Monday, unveiling a new AI-powered social media platform focused on competing with networking platforms like LinkedIn.
Sachs has used the program – named Louisa – internally for more than two years. The system used artificial intelligence to inspect a company's employee database and recommend professional connections to those who are likely to benefit from working together.
New-and-Improved OpenAI
Google Unveils Gemini, Its New-and-Improved OpenAI GPT Rival
Google’s annual developer conference brought with it some major developments in the artificial intelligence space. Chiefly, Google pulled the lid off its OpenAI GPT-4 competitor Gemini. The company is also bringing generative AI capabilities to Android and will cram artificial intelligence into Google Search itself to keep up with Microsoft’s Bing advancements.
Falling Behind AI
Businesses who fail to implement artificial intelligence programs in their day-to-day activities risk falling behind, said Ambereen Toubassy, the chief financial officer of Airtable.
"Ultimately, businesses that don’t adopt AI risk falling behind," she told Fox News Digital.
"The three most recent major technological advancements have been the internet, mobile and cloud. While each has created massive new companies, disrupted others and generally boosted productivity - I would argue the internet has been the most pervasive. It is practically impossible to be successful today while ignoring it, while in contrast, many large companies continue to thrive without having made their move into the cloud. I think AI is more like the internet - that is, an advancement that companies cannot afford to fall behind on - as opposed to the cloud, where being cautious has not been debilitating," Toubassy continued.
Repetitive office work and AI
IBM’s CEO says its new A.I. tools will be able to do ’30 – 50%’ of ‘repetitive’ office work after indicating his own company will pause some hiring
IBM’s software Watson became synonymous with artificial intelligence a decade ago when it beat two top human players at the game “Jeopardy!” Now, the company has grander plans for the technology as it reenters the A.I. race in a more serious way, and its CEO says it can be a powerful step towards transforming business.
AI Generated Content
Is AI-generated fiction already making it hard to discern reality?
An AI expert said AI technology is already capable of producing content so realistic that some people might be convinced that it's genuine.
OpenAI’s GPT-4 to fortify a “virtual girlfriend
A 23-year-old Snapchat influencer used OpenAI’s technology to create an A.I. version of herself that will be your girlfriend for $1 per minute
Caryn Marjorie and team of developers combined 2,000 hours of her YouTube content with OpenAI's GPT-4 to fortify a "virtual girlfriend" (her words) version of the influencer available for hire.
COURTESY OF CARYN MARJORIE
Caryn Marjorie, a 23-year-old influencer, has 1.8 million followers on Snapchat. She also has more than 1,000 boyfriends, with whom she spends anywhere from 10 minutes to several hours every day in individual conversations, discussing plans for the future, sharing intimate feelings and even engaging in sexually charged chats.
H2Leo - compressed hydrogen floating storage solution
Provaris launches H2Leo - a bulk-scale compressed hydrogen floating storage solution
Provaris has launched a gaseous hydrogen floating storage solution called H2Leo, with a design capacity range of 300 to 600 tonnes of hydrogen, expandable to up to 2,000 tonnes. This solution provides the global hydrogen industry with an energy efficient and cost-effective storage solution.
AI Urges a National Response
British tech chief warns AI's social impact 'as big as the Industrial Revolution,' urges national response
Artificial intelligence detecting cancer in some U.S. hospitals
Doctors believe artificial intelligence is now saving lives after a major advancement in breast cancer screenings. AI is detecting early signs of the disease, in some cases years before doctors would find the cancer on a traditional scan.
Jobs Replaced by AI
IBM CEO reveals what jobs AI ‘is going to replace’
IBM CEO Arvind Krishna and SAP CEO Christian Klein join ‘The Claman Countdown’ in a FOX Business exclusive interview to discuss a new deal between the two companies and weigh in on fears surrounding AI developments.
AI Hiring Pause
IBM to Pause Hiring for Jobs That AI Could Do
International Business Machines Corp. Chief Executive Officer Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years.