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AI News: Here’s the Latest on Artificial Intelligence

3 years 6 months ago
The buzz surrounding ChatGPT and the tremendous potential of Artificial Intelligence (AI) keeps gaining traction. Bill Gates, a philanthropist at heart and one of the wealthiest Americans, is in awe of the revolutionary technology. In a recent blog post, Gates shared his views on AI, stating, “Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.” Gates, who also co-founded the technology giant Microsoft Corporation ( NASDAQ:MSFT ), believes that the development of AI is just as important as the development of computers, the internet, and cell phones. His thesis for the heightened importance of AI stems from the fact that AI can aid in every aspect of business and industry. Having said that, Gates also acknowledges the current limitations of AI related to its reliability and the fear of its misuse, but also believes that these shortcomings will be resolved in the near future. Here's an explanation of two of the hottest topics swirling around AI now: AI copyright issues, and AI competition. AI Copyright Issues According to a Wall Street Journal report, publishers and the entire writing community claim that AI is stealing their proprietary content in order to monetize it. Publishers are demanding that they be fairly "compensated" for the content they produce, and they are also looking for legal means of enforcing their demands. At their end, publishers are also claiming that AI-designed search tools give out so much information that it reduces the number of views, clicks, and advertising dollars for their content.   An AI-based chatbot is a deep machine learning technology that harnesses large data sets from the web for its training. There is a clause called “fair use” that allows companies to use copyright materials without the consent of the creator. OpenAI CEO Sam Altman claims they have created ChatGPT with “fair use” by training on two-year-old data. Additionally, AI companies also make deals with publishers and pay heavily for selective content. AI Competition Talking about the companies that are involved in the launch of AI-based chatbots, the list includes the first mover, OpenAI’s ChatGPT software. In the public domain, we have Microsoft’s Bing, Alphabet’s ( NASDAQ:GOOGL ) Bard AI, and Chinese tech giant Baidu’s ( NASDAQ:BIDU ) Ernie Bot. Microsoft Bing has integrated the already successful OpenAI technology into its search engine. At the same time, Google’s Bard is showing promising signs by drawing on years of research on AI coupled with its powerful search engine and Google’s large language database. Meanwhile, Chinese rival Ernie Bot has failed to make a massive impact since its launch. It's important to note that all the above players caution that their bots are not fully reliable. Each company is trying to update its current bots to improve the responses and reliability of data while enriching the user experience and developing better end-use cases. Disclosure
TipRanks

Guru Fundamental Report for MSFT - Warren Buffett

3 years 6 months ago
Below is Validea's guru fundamental report for MICROSOFT CORP (MSFT). Of the 22 guru strategies we follow, MSFT rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitabili
Validea

Microsoft Is All-In on AI: 2 Ways It Will Benefit

3 years 6 months ago
With the public introduction of OpenAI's ChatGPT advanced chatbot just a few months ago, it's looking more and more likely that the tech industry has entered a new era. What artificial intelligence (AI) will look like in a few years and how exactly some companies will benefit fro
The Motley Fool

Why Compare U.S. and International Equities This Year

3 years 6 months ago
By now advisors have heard of the growing interest in international equities, and for good reason — lots of investors are looking for return that isn’t significantly exposed to U.S. equities teetering from rising rates and bank crisis volatility. For those looking to get deeper into the subject, recent research from Richard Bernstein Advisors (RBA) [...] Read more at ETFtrends.com.
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