Day: November 20, 2023

What you need to know… The S&P 500 Index ($SPX) (SPY) Monday closed up +0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.19%. Stocks on Monday rallied, with the S&P 500 posting a 3-1/2 month high, the Dow Jones Industrials posting a 3-month high, and the Nasdaq 100 posting a 1-3/4 year high. Strength in technology stocks led the overall market higher, with Microsoft and Nvidia climbing to record highs on renewed artificial intelligence optimism. Stocks extended their gains Monday afternoon when T-note yields fell back fr… Read More “Strength in Tech Stocks Powers the Overall Market Higher”

By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s three major stock averages closed higher on Monday with Nasdaq’s 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired prominent artificial intelligence executives. The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1. The S&P 500’s information technology sub-index ended up 1.5% and was the top gainer among the S&P 500’s 11 major sectors. Its biggest boost came from Microsoft shares which touched a record high and ended up 2%. Microsof… Read More “Nasdaq leads Wall Street gains as Microsoft hits record”

By Greg Bensinger SAN FRANCISCO (Reuters) – The rift that cost artificial-intelligence whiz kid Sam Altman his CEO job at OpenAI reflects a fundamental difference of opinion over safety, broadly, between two camps developing the World-altering software and pondering its societal impact. On one side are those, like Altman, who view the rapid development and, especially, public deployment of AI as essential to stress-testing and perfecting the technology. On the other side are those who say the safest path forward is to fully develop and test AI in a laboratory first to ensure it is, so to speak… Read More “Analysis-Sam Altman’s firing at OpenAI reflects schism over future of AI development”

San Francisco (AFP) – OpenAI has gone from ruling the World of artificial intelligence with ChatGPT to chaos, its chief executive ousted seemingly for advancing too fast and too far with the risky technology. The exit of Sam Altman set in motion a series of events that saw the upstart company’s biggest investor, Microsoft, swoop in to hire the toppled CEO and begin a process of building an OpenAI clone in the Redmond, Washington-based tech giant. In some ways the looming result to the weekend saga is hardly a surprise, with many wondering how the board members could be naive enough to think th… Read More “AI doomsayers blamed in OpenAI’s undoing”

LONDON (Reuters) – Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk Yeol this week, Prime Minister Rishi Sunak’s office said on Monday. Yoon’s visit officially starts on Tuesday with a welcome from King Charles, where he will receive a guard of honour and take part in a procession towards Buckingham Palace, marking the first state visit hosted by Britain since Charles’ coronation. Yoon, a conservative who has cited a “polycrisis” of global challenges as a reason for seek… Read More “Britain to launch South Korea trade talks during Yoon’s state visit”

TikTok’s latest trend known as the Ceiling Challenge is taking over the app as creators tape their phones to the wall and dance towards the camera. Many dancers seem to think TikTok has found the best ‘twerking angle’ thanks to the easy trick you can do at home to complete the viral Ceiling Challenge. @ivyifeoma 🌚 #ceilingchallenge ♬ original sound – Una.m___ Ceiling Challenge on TikTok has creators taping their phones to the wall A brand new TikTok trend known as the Ceiling Challenge involves sticking your phone to the ceiling using some form of tape and dancing toward the camera above you. … Read More “TikTok has found the best ‘twerking angle’ thanks to easy trick you can do at home”

Large language models (LLMs) such as ChatGPT and Bard could pose a threat to science due to false responses, Oxford AI researchers argue in a new paper, that insists that their use in scientific research should be restricted. LLMs are deep learning models that power artificial intelligence (AI) chatbots and are capable of generating human-like text. Researchers from the Oxford Internet Institute say that people are too trusting of these models and view them as a human-like resource. “This is, in part, due to the design of LLMs as helpful, human-sounding agents that converse with users and answ… Read More “‘Unreliable research assistant’: False outputs from AI chatbots pose risk to science, report says”