Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries What are the biggest names in tech doing on AI? By: FOX Business May 01, 2023 at 05:06 AM EDT Advances in artificial intelligence (AI) have prompted a race among big tech companies to develop chatbots, cloud services, developer tools and more to get ahead of the competition. Artificial intelligence (AI) has advanced at a rapid pace recently and several of the biggest names in the tech sector have launched new tools to help customers and client leverage the technology in a variety of ways.AI-powered chatbots, cloud services and tools for web developers are among the tools that are quickly becoming staple offerings of tech companies. Major U.S. tech firms – including Amazon, Google, Meta and Microsoft – have each rolled out AI initiatives or have some in the works, although Apple has been notably quiet in announcing any big AI moves to date. Here’s a look at the major public-facing AI initiatives at four of the biggest tech companies:THESE JOBS ARE SAFE FROM THE AI REVOLUTION – FOR NOWMicrosoft partnered with OpenAI – a company that developed ChatGPT and received over $10 billion in investment from Microsoft – to bring an AI chatbot that mimics a human in conversation to its Edge browser and Bing search engine in February 2023. The integration of OpenAI’s latest AI technology into Bing gives users more relevant search results, summarizes answers and facilitates complex searches through its chat function. In the Edge browser, users can use chat and composition functionalities to summarize or draft content. Both Bing and Edge have seen uptick in usage since the AI integrations were released.The company has also updated its cloud platform to incorporate the new AI technologies. Microsoft’s Azure OpenAI Service became generally available in January and was updated to feature ChatGPT-4 in March.In an earnings call last week, Microsoft CEO Satya Nadella called Microsoft 365 Copilot, which was released last month, as the "future of work." He touted the AI chatbot’s integration in Microsoft Office programs like Word, Excel, PowerPoint and Outlook where it can help draft content and presentations, summarize email and automate other repetitive tasks.GOOGLE, MICROSOFT IN Q1 EARNINGS PROVIDE UPDATES ON AI PUSHGoogle released Bard, its experimental chatbot rival to ChatGPT, in March. Bard can be integrated into websites, apps or messaging platforms and can provide realistic responses to questions posed by users. The company has noted that Bard is still in its early stages and "may sometimes provide inaccurate, misleading or false information while presenting it confidently."In April, Google updated Bard to add programming and software development features that include code generation, debugging and code explanation, in addition to Google spreadsheet formulas. The move came in response to requests by users to incorporate coding capabilities.Google is yet to roll out new AI integrations for its search engine and its Chrome web browser, although changes to search could be on the way. The New York Times recently reported that Google launched an internal task force to work on AI search features under the codename "Magi" in response to Microsoft’s integration of ChatGPT in Bing and Edge. Microsoft’s advances reportedly prompted Samsung to consider replacing Google with Bing as the default search provider on its devices – a move that could cost Google billions.Google CEO Sundar Pichai spoke at an earnings call last week about AI-related search and said, "We will continue to incorporate generative AI advances to make search better in a thoughtful and deliberate way." According to the New York Times report, an initial rollout of the AI search integration could occur in May with additional features due sometime this fall.MUSK MEETS WITH SCHUMER, DISCUSSES AI, THE ECONOMY, AND ‘THE FUTURE’Meta CEO Mark Zuckerberg indicated in an earnings call Wednesday that the company sees "an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful."In particular, he noted the company is "exploring" several types of AI integrations, including:Zuckerberg said he expects that "a lot of interest in AI agents for business messaging and customer support will come once we nail that experience." He added, "Over time this will extend to our work on the metaverse too, where people will much more easily be able to create avatars, objects, worlds, and code to tie all them together."AMAZON ANNOUNCES NEW CUSTOMIZABLE AI MODELS FOR CLOUD CUSTOMERSAmazon and Amazon Web Services (AWS), its cloud computing division unveiled a service called Bedrock that will let business clients customize foundation models – which are the core AI technologies that respond to users with human-like text or generate images from a prompt.The Bedrock service is based on Amazon’s proprietary foundation models (FMs), known as Amazon Titan, but also gives users access to models from third-party startups AI21 Labs, Anthropic and Stability AI, each of which has unique features for cloud customers:Bedrock users will have access to two Amazon Titan LLMs. The first can do tasks like classification, information extraction, open-ended question and answers, summarization and text generation. The second can translate words, phrases or large units of text into numerical representations called "embeddings" that can be used in applications to produce more relevant and contextual responses than word matching – which is similar to how search functions on Amazon.com when customers shop for products.AWS has also partnered with an AI startup called Hugging Face, which has natural language processing (NLP) models that compete with OpenAI’s ChatGPT, to make models more accessible so that they can be deployed in minutes or hours as opposed to weeks or more on Amazon’s platforms. Hugging Face is also developing an open-source rival to ChatGPT that will be hosted on AWS.GET FOX BUSINESS ON THE GO BY CLICKING HERE Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
What are the biggest names in tech doing on AI? By: FOX Business May 01, 2023 at 05:06 AM EDT Advances in artificial intelligence (AI) have prompted a race among big tech companies to develop chatbots, cloud services, developer tools and more to get ahead of the competition. Artificial intelligence (AI) has advanced at a rapid pace recently and several of the biggest names in the tech sector have launched new tools to help customers and client leverage the technology in a variety of ways.AI-powered chatbots, cloud services and tools for web developers are among the tools that are quickly becoming staple offerings of tech companies. Major U.S. tech firms – including Amazon, Google, Meta and Microsoft – have each rolled out AI initiatives or have some in the works, although Apple has been notably quiet in announcing any big AI moves to date. Here’s a look at the major public-facing AI initiatives at four of the biggest tech companies:THESE JOBS ARE SAFE FROM THE AI REVOLUTION – FOR NOWMicrosoft partnered with OpenAI – a company that developed ChatGPT and received over $10 billion in investment from Microsoft – to bring an AI chatbot that mimics a human in conversation to its Edge browser and Bing search engine in February 2023. The integration of OpenAI’s latest AI technology into Bing gives users more relevant search results, summarizes answers and facilitates complex searches through its chat function. In the Edge browser, users can use chat and composition functionalities to summarize or draft content. Both Bing and Edge have seen uptick in usage since the AI integrations were released.The company has also updated its cloud platform to incorporate the new AI technologies. Microsoft’s Azure OpenAI Service became generally available in January and was updated to feature ChatGPT-4 in March.In an earnings call last week, Microsoft CEO Satya Nadella called Microsoft 365 Copilot, which was released last month, as the "future of work." He touted the AI chatbot’s integration in Microsoft Office programs like Word, Excel, PowerPoint and Outlook where it can help draft content and presentations, summarize email and automate other repetitive tasks.GOOGLE, MICROSOFT IN Q1 EARNINGS PROVIDE UPDATES ON AI PUSHGoogle released Bard, its experimental chatbot rival to ChatGPT, in March. Bard can be integrated into websites, apps or messaging platforms and can provide realistic responses to questions posed by users. The company has noted that Bard is still in its early stages and "may sometimes provide inaccurate, misleading or false information while presenting it confidently."In April, Google updated Bard to add programming and software development features that include code generation, debugging and code explanation, in addition to Google spreadsheet formulas. The move came in response to requests by users to incorporate coding capabilities.Google is yet to roll out new AI integrations for its search engine and its Chrome web browser, although changes to search could be on the way. The New York Times recently reported that Google launched an internal task force to work on AI search features under the codename "Magi" in response to Microsoft’s integration of ChatGPT in Bing and Edge. Microsoft’s advances reportedly prompted Samsung to consider replacing Google with Bing as the default search provider on its devices – a move that could cost Google billions.Google CEO Sundar Pichai spoke at an earnings call last week about AI-related search and said, "We will continue to incorporate generative AI advances to make search better in a thoughtful and deliberate way." According to the New York Times report, an initial rollout of the AI search integration could occur in May with additional features due sometime this fall.MUSK MEETS WITH SCHUMER, DISCUSSES AI, THE ECONOMY, AND ‘THE FUTURE’Meta CEO Mark Zuckerberg indicated in an earnings call Wednesday that the company sees "an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful."In particular, he noted the company is "exploring" several types of AI integrations, including:Zuckerberg said he expects that "a lot of interest in AI agents for business messaging and customer support will come once we nail that experience." He added, "Over time this will extend to our work on the metaverse too, where people will much more easily be able to create avatars, objects, worlds, and code to tie all them together."AMAZON ANNOUNCES NEW CUSTOMIZABLE AI MODELS FOR CLOUD CUSTOMERSAmazon and Amazon Web Services (AWS), its cloud computing division unveiled a service called Bedrock that will let business clients customize foundation models – which are the core AI technologies that respond to users with human-like text or generate images from a prompt.The Bedrock service is based on Amazon’s proprietary foundation models (FMs), known as Amazon Titan, but also gives users access to models from third-party startups AI21 Labs, Anthropic and Stability AI, each of which has unique features for cloud customers:Bedrock users will have access to two Amazon Titan LLMs. The first can do tasks like classification, information extraction, open-ended question and answers, summarization and text generation. The second can translate words, phrases or large units of text into numerical representations called "embeddings" that can be used in applications to produce more relevant and contextual responses than word matching – which is similar to how search functions on Amazon.com when customers shop for products.AWS has also partnered with an AI startup called Hugging Face, which has natural language processing (NLP) models that compete with OpenAI’s ChatGPT, to make models more accessible so that they can be deployed in minutes or hours as opposed to weeks or more on Amazon’s platforms. Hugging Face is also developing an open-source rival to ChatGPT that will be hosted on AWS.GET FOX BUSINESS ON THE GO BY CLICKING HERE