Business

138 Posts

Crystal Ball for Interest Rates: JPMorgan trained AI to interpret the Federal Reserve.
Business

Crystal Ball for Interest Rates: JPMorgan trained AI to interpret the Federal Reserve.

One of the world’s largest investment banks built a large language model to map cryptic government statements to future government actions. JPMorgan Chase trained a model based on ChatGPT to score statements by a United States financial regulator according to...
Google Adds AI Inside and Out: Generative AI highlights from Google I/O 2023
Business

Google Adds AI Inside and Out: Generative AI highlights from Google I/O 2023

Google showcased a flood of new features in its latest bid to get ahead in the generative AI arms race. The company demonstrated AI features for consumers and developers at its annual I/O conference.
OpenAI Gears Up for Business: How OpenAI developed a sales strategy for GPT-4
Business

OpenAI Gears Up for Business: How OpenAI developed a sales strategy for GPT-4

Reporters offered a behind-the-scenes look at OpenAI’s year-long effort to capitalize on its long-awaited GPT-4. The company built a sales team and courted corporate partners in advance of launching its latest large language model, The Information reported.
Conversational Search, Google Style: Details leak about Magi, Google's answer to Bing with GPT-4.
Business

Conversational Search, Google Style: Details leak about Magi, Google's answer to Bing with GPT-4.

Google’s response to Microsoft’s GPT-4-enhanced Bing became a little clearer. Anonymous insiders leaked details of Project Magi, the search giant’s near-term effort to enhance its search engine with automated conversation.
Data Does Not Want to Be Free: Reddit and Stack Overflow ask AI devs to pay for data.
Business

Data Does Not Want to Be Free: Reddit and Stack Overflow ask AI devs to pay for data.

Developers of language models will have to pay for access to troves of text data that they previously got for free. The discussion platform Reddit and question-and-answer site Stack Overflow announced plans to protect their data from being used to train large language models.
AWS Joins the Generative AI Race: AWS launches Bedrock, a generative AI platform.
Business

AWS Joins the Generative AI Race: AWS launches Bedrock, a generative AI platform.

Amazon joined big-tech peers Google, Meta, and Microsoft in rolling out services that provide generated text and images. The online retailer launched early access to Bedrock, a cloud platform that offers generative models built by Amazon and its partners.
AI Startups Face Compute Shortage: Generative AI demand is overwhelming cloud servers.
Business

AI Startups Face Compute Shortage: Generative AI demand is overwhelming cloud servers.

Chatbot-fueled FOMO is overwhelming cloud-computing services. Cloud providers are struggling to meet sharply rising demand by a crowd of AI startups eager to cash in on generative AI, The Information reported. The surge in demand caught Amazon Web Services, Microsoft Azure, and others off guard.
AI-guided robotic arms crafting, forming and polishing metal
Business

AI Shows Its Metal: How Machina Labs uses AI to automate metal fabrication

Neural networks are predicting how metal will deform under pressure to pilot robots through the tricky process of fabricating aircraft. Machina Labs crafts metal using AI-guided robotic arms.
African startup Lelapa logo
Business

Repatriating Talent: Lelapa brings AI talent back to Africa.

A South African startup aims to lure talented engineers who left the continent to work abroad. Johannesburg research lab Lelapa.ai bills itself as a haven for African AI engineers who want to work on challenges that aren’t on Silicon Valley’s agenda.
Phone showing different features of an app
Business

Better Pay for Data Workers: Google contractors get a raise.

Contract workers who help train the algorithms behind Google Search won a pay raise. Employees of U.S. contractors who evaluate the quality of Google Search’s results, knowledge panels, and ads will earn $15 per hour, a raise of roughly $1.
A person's hand grabbing a handful of AI chips arranged on a table
Business

Restricted Chips Slip Through: Loopholes help Chinese companies get U.S. chips.

Chinese companies have found loopholes to sidestep United States limits on AI chips. Facing severe limits on U.S. exports of high-performance chips, Chinese AI firms are purchasing them through subsidiaries and using them through cloud services, the Financial Times reported.
Speech bubble surrounded by Amazon, Google and Apple logos
Business

How AI Kingpins Lost the Chatbot War: Why Microsoft beat other tech giants to market on generative AI

Amazon, Apple, and Google have been building chatbots for years. So how did they let the alliance between Microsoft and OpenAI integrate the first smash-hit bot into Microsoft products?
Cellphone showing the Artifact app
Business

All the News That’s Fit to Learn: All about Artifact, the new app from Instagram's founders.

What does an entrepreneur do after co-founding one of the world’s top social networks? Apply the lessons learned to distributing hard news. Kevin Systerom and Mike Krieger, who co-founded Instagram, launched Artifact, an app that uses reinforcement learning to recommend news articles...
The scale of justice with one side broken
Business

Microsoft Cuts Ethics Squad: Microsoft eliminates its Ethics & Society unit.

Microsoft laid off an AI ethics team while charging ahead on products powered by OpenAI. On March 6, the tech giant dissolved the Ethics & Society unit in its Cognition group, which researches and builds AI services, amid ongoing cutbacks that have affected 10,000 workers to date...
Inferring Talent: NLP tools for technical recruiters
Business

Inferring Talent: NLP tools for technical recruiters

What do your GitHub projects reveal about your professional prospects? A new model aims to help recruiters find out. Prog.ai analyzes GitHub repositories to help employers find engineers skilled in particular areas, TechCrunch reported.

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