Author: Advanced AI Bot

Google CEO Sundar Pichai said during a recent All-In podcast episode he sees all of the major tech companies doing well in the AI race, and that there won’t be one clear winner. There are still more companies to be launched that we don’t know about yet—which will create even more competition. As artificial intelligence becomes increasingly sophisticated and useful, tech giants are pouring much of their research and development dollars into the technology, with much discussion given to picking the winner of “the AI race.” But that’s not how Google CEO Sundar Pichai sees it. “I think all of…

Elon Musk is in a legal fight with Microsoft but made a friendly virtual appearance at the software giant’s annual technology showcase to reveal that his Grok artificial intelligence chatbot will now be hosted on Microsoft’s data centers. “It’s fantastic to have you at our developer conference,” Microsoft CEO Satya Nadella said to Musk in a pre-recorded video conversation broadcast Monday at Microsoft’s Build conference in Seattle. Musk last year sued Microsoft and its close business partner OpenAI in a dispute over Musk’s foundational contributions to OpenAI, which Musk helped start. Musk now runs his own AI company, xAI, maker…

IBM (IBM, Financials) is doubling down on artificial intelligence and mainframes as it looks to boost margins and reignite growth, according to Stifel analyst David Grossman, who came away positive after attending the company’s investor event. The tech giant is rolling out AI tools across its own operations to cut costs and increase efficiency. That could mean more room in the budget for research, marketing, and acquisitionsareas IBM has struggled to fund in the past. One internal tool, watsonx Orchestrate, is being prepped for a broader commercial launch. If successful, it could become a key productivity product for enterprise clients…

LOS ANGELES (AP) — Hollywood’s actors’ union filed an unfair labor practice charge against Llama Productions on Monday, alleging the company replaced actors’ work by using artificial intelligence to generate Darth Vader’s voice in Fortnite without notice. The Screen Actors Guild-American Federation of Television and Radio Artists said Llama Productions, a subsidiary of gaming giant Epic Games, “failed and refused to bargain in good faith with the union” in the last six months. The company made unilateral changes to the terms and conditions of employment “without providing notice to the union or the opportunity to bargain” by using AI-generated voices…

Cheng Xin / Getty Images The implementation of Google AI search tools has created disruptions for Reddit, Wells Fargo said Reddit shares slid Monday as Wells Fargo analysts downgraded the company’s stock and lowered its price target. Wells Fargo warned that Google implementing AI search tools has created disruptions in Reddit’s traffic. Reddit CEO Steve Huffman said the company expects “some bumps along the way from Google.” Shares of Reddit (RDDT) slipped Monday as Wells Fargo downgraded the stock amid concerns that Google’s implementation of AI search features could hurt the social media company. Wells Fargo cut its price target to…

AI chatbots have been rolled out across hundreds of white-collar workplaces, but on average, their effect on hours and pay has been negligible, according to a National Bureau of Economic Research working paper linking AI use to corporate records in Denmark. On average, employees saved 3% of their time, while just 3%-7% of their productivity gains came back to them in the form of higher pay. Since OpenAI rolled out ChatGPT just over two years ago, AI chatbots have become the fastest-adopted technologies in history, rivaling the PC three decades ago. Their popularity has created and destroyed entire job descriptions…

Malevolent trading practices aren’t new. Struggles against insider trading, as well as different forms of market manipulation, represent a long-running battle for regulators. In recent years — however — experts have been warning of new threats to our financial systems. Developments in AI mean that automated trading bots are not only smarter, but they’re more independent too. While basic algorithms respond to programmed commands, new bots are able to learn from experience, quickly synthesise vast amounts of information, and act autonomously when making trades. According to academics, one risk scenario involves collaboration between AI bots. Just imagine: hundreds of AI-driven…

(Bloomberg) — OpenAI is rolling out a new artificial intelligence agent for ChatGPT users that’s designed to help streamline software development as the company pushes into a crowded market of startups and large tech firms offering AI tools for coders. Most Read from Bloomberg The agent, called Codex, will be able to write software features, fix bugs and run tests, the company said in a blog post Friday. Codex, which is still in the early stages and has limited functionality, is geared towards workers with some technical knowledge and will first be released as a “research preview” to paid ChatGPT…

Analysts at Bank of America are bullish on chip stocks like Nvidia as mega-projects in the Middle East highlight long-term demand for AI computing. Also bolstering the case for the stocks is the emergence of AI chips as the new “coin of the realm,” serving as currency in geopolitical talks. AI chips, such as the graphics processing units that are critical to Nvidia’s success, have become so important globally they are like a form of currency in geopolitical talks on trade, according to analysts at Bank of America. That’s as recent mega-deals point to continued demand for AI computing power.…

(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market. Most Read from Bloomberg Nvidia’s hardware is too large to be easily smuggled across borders and its customers are aware of the rules and self-monitoring, Huang told Bloomberg News on Saturday in Taipei. Its latest flagship products are sold as multimillion-dollar integrated systems, which can contain as many as 72 graphics processing units and 36 processors. The Biden administration set up so-called AI diffusion rules to prevent shipments to…