There’s a Chinese version of many US apps: Baidu (Google). Alibaba (Amazon). Tencent (Meta). DiDi (Uber). And soon, there may be one for OpenAI too. Keep your darkest secrets away from ChatGPT On three separate occasions, Samsung employees leaked sensitive company information to ChatGPT — which can be read by OpenAI. Global lawmakers are raising…
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Artificial Intelligence is Disrupting the Travel Industry
The evolution of the travel industry: In-person travel agents → online agents → AI And it all happened within 30 years. In 1995, the first airline ticket was sold on the world wide web — completely disrupting the travel booking business. Fast forward to 2023, and humans are conversing with robots to plan their next…
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Corporate “AI” Chatter Picks Up; Here’s How 10 Companies Are Using AI
Companies are increasing their AI investments, hiring AI specialists and figuring out how to extract as much value as possible. AI: Why are you so obsessed with me? Well, we’ve been promised your many benefits: Boosting productivity, reducing costs, and creating new income streams. Are you the real deal? According to Roundhill Investments’ Director of…
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Nvidia gets bullish on AI; $NVDA jumps on strong outlook
Seventy-five — that’s how many times Nvidia’s management mentioned “AI” on their earnings call on Wednesday. The previous two calls? 43 and 18. Getting a little bullish on AI now, are we? Nvidia may be hopping on the trend, but their semiconductor chips have become an important part of running AI models. Here’s why: UBS…
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Oracle Wants to be the “Netflix of AI”
Does your business manage and store lots of data? Oracle’s got you. The tech giant is known for their database software and hardware but has grown so large — it provides enterprises a wide range of services. In 2016, Oracle jumped into the cloud computing market — going up against Amazon, Alphabet and Microsoft. But…
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Bing Makes Factual Errors, Threatens Users and Gaslights Others
Trust Microsoft’s AI-Bing’s abilities to analyze a financial statement as much as you would trust a phone call from the IRS. Trust level: Zero. In last week’s demo, Bing was asked for the key highlights from Lululemon and Gap’s 2022 Q3 earnings report. Below: Red underline is incorrect. Some numbers (forecasts) weren’t even provided by…
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Most Googled investing terms of 2022 and this year’s top word
The highlights: “Value Investing” — not growth investing — was the overarching strategy of 2022. No surprise, given how poorly growth stocks had performed. “Oil Price” spiked early in the year and calmed down as energy prices began to fall — alongside “Russian Stock Market.” The two almost went hand in hand. “Interest Rate Forecast”…
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Microsoft keeps OpenAI on a close leash with a $10B investment
How much are you willing to sell your soul for? In OpenAI’s case, it was $1B — followed by another $10B. In 2020, Microsoft (NASDAQ:MSFT) invested $1B into OpenAI and purchased an exclusive license to GPT-3’s underlying tech. Now, they’re looking to invest another $10B into OpenAI. Under the reported deal terms, Microsoft receives a:…
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Industries that could be disrupted by DALL-E and ChatGPT
Here’s another cool application: Biotech. Several biotech labs are using variations of the technology to create novel protein designs — with one calling it the “DALL-E 2 of biology.” The implementation could speed up or develop more effective drugs. But only some industries will be so lucky. This week, we mentioned how OpenAI’s tech could…
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How will OpenAI’s ChatGPT and DALL-E impact jobs and investors?
Fascinating. Mind-blowing. Terrifying. These are just some emotions felt while digging into OpenAI’s GPT-3, the deep learning language model that’s created applications like DALL·E 2 (AI-generated images) and ChatGPT (human-like chats). What are the impacts on jobs, industries and our portfolios? Let’s take a look. Did you just spend $15K on a coding course? Time…
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