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Category: finance – Page 43

Twitter CEO Elon Musk has bought around 10,000 graphics cards and is hiring AI experts to build a ChatGPT competitor within Twitter, Insider reports.

That’s despite the billionaire CEO repeatedly voicing concerns over AI chatbots like ChatGPT, and even signing an open letter calling for a six-month moratorium on developing AIs more advanced than OpenAI’s GPT-4.

Training a large language model like OpenAI’s highly popular AI chatbot takes a lot of computational power, which means Musk had to dig deep in his sizeable pockets — tens of millions of dollars, according to Insider — to finance the project.

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The costs used to recover the deposits for the failed US regional banks will be paid by other US banks especially the larger banks.

The largest US lenders face billions of dollars in extra fees to replenish the government’s bedrock deposit insurance fund. The move comes after the fund was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Su Keenan reports on Bloomberg Television.

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Continue reading “Big Banks Face Billions in Extra FDIC Fees After SVB Failure” | >

Customers will be ordering food from AI.

#Wendys #Google #yahoofinance.
Yahoo Finance culinary correspondent Brooke DiPalma joins the Live Show to discuss the partnership between Wendy’s and Google to revolutionize drive-thru orders with the use of AI technology, first premiering in Columbus.

Ohio in June of this year, and how AI is transforming the restaurant industry.

Continue reading “Wendy’s, Google preview partnership with new AI-powered drive-thru” | >

NeaChat is an AI-powered chatbot developed based on ChatGPT, serving users in various industries such as education, research, finance, healthcare, and law.

Wuhan, China, May 6, 2023 (GLOBE NEWSWIRE) — The NeaChat team is honored to announce that it has obtained access to OpenAI’s latest generation of artificial intelligence language model GPT-4, becoming one of the first teams in China to obtain authorized access to GPT-4 is a powerful AI model with excellent natural language understanding and generation capabilities, with significant improvements in functionality and performance over its predecessor, GPT-3.5.

The core advantages of GPT-4 lie in its vast knowledge base, efficient problem-solving capabilities, natural language generation, and wide range of applications. We believe that the introduction of GPT-4 will bring a richer and more intelligent experience to NeaChat users.

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Servers running software sold by Salesforce are leaking sensitive data managed by government agencies, banks, and other organizations, according to a post published Friday by KrebsOnSecurity.

At least five separate sites run by the state of Vermont permitted access to sensitive data to anyone, Brian Krebs reported. The state’s Pandemic Unemployment Assistance program was among those affected. It exposed applicants’ full names, Social Security numbers, addresses, phone numbers, email addresses, and bank account numbers. Like the other organizations providing public access to private data, Vermont used Salesforce Community, a cloud-based software product designed to make it easy for organizations to quickly create websites.

Another affected Salesforce customer was Columbus, Ohio-based Huntington Bank. It recently acquired TCF Bank, which used Salesforce Community to process commercial loans. Data fields exposed included names, addresses, Social Security numbers, titles, federal IDs, IP addresses, average monthly payrolls, and loan amounts.

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Join top executives in San Francisco on July 11–12, to hear how leaders are integrating and optimizing AI investments for success. Learn More

With the risks of hallucinations, private data information leakage and regulatory compliance that face AI, there is a growing chorus of experts and vendors saying there is a clear need for some kind of protection.

One such organization that is now building technology to protect against AI data risks is New York City based Arthur AI. The company, founded in 2018, has raised over $60 million to date, largely to fund machine learning monitoring and observability technology. Among the companies that Arthur AI claims as customers are three of the top-five U.S. banks, Humana, John Deere and the U.S. Department of Defense (DoD).

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PacWest Bancorp said late on Wednesday it was in talks with potential partners and investors about strategic options after shares of the Los Angeles-based lender and several other U.S. regional banks tumbled amid fears of a worsening banking crisis.

Peter Morici, professor emeritus at the University of Maryland, joined NewsNation Now to discuss.

#BankCollapse #PacWest.

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Continue reading “Will PacWest be the next bank to fail? | NewsNation Now” | >

Some companies are negatively impacted by the appearance of ChatGPT and similar AI.

CNBC’s Deirdre Bosa reports on Chegg as the shares of a California education company dropped more than 40%. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi.

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Continue reading “Chegg stock plunges on AI threat to new user growth” | >

Joshua Browder, the CEO of robo-lawyer startup DoNotPay, says that he handed over his entire financial life to OpenAI’s GPT-4 large language model in an attempt to save money.

“I decided to outsource my entire personal financial life to GPT-4 (via the DoNotPay chat we are building),” Browder tweeted. “I gave AutoGPT access to my bank, financial statements, credit report, and email.”

According to the CEO, the AI was able to save him $217.85 by automating tasks that would’ve cost him precious time.

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Stem cells (SCs) are undifferentiated cells which can proliferate indefinitely or differentiate into progenitor cells and end-phase differentiated cells (becoming pluripotent) (Mayo, 2021; Slack, 2022). Human embryonic SCs (hE-SCs) are found in the inner cell mass of the blastocyst; h E-SC research raises ethical concerns (Lo and Parham, 2009), and h E-SC transplantation in vivo can lead to the formation of large tumors called teratomas (Blum and Benvenisty, 2008).

Small numbers of adult SCs are found in some organ “niches”, including the bone marrow, where hematopoietic progenitor cells (HPC) replenish blood and immune cells. In 1958, Mathe et al. (1959) successfully performed the first adult SC therapy on five workers who had received high-dose accidental irradiation at the Vinca Nuclear Institute in Yugoslavia. After transfusions and grafts of homologous adult bone marrow, all workers survived (Mathe et al., 1959).

For years, the human umbilical cord was a waste material and, unlike h E-SCs, its use does not raise ethical concerns. In 1988, Gluckman et al. (1989) successfully performed the first human cord blood transplant in a child with Fanconi’s anemia. Since then, numerous public and private cord blood banks have been established worldwide for the cryopreservation of cord blood in view of its transplantation (Gluckman, 2011).

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