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News in-depthDeepmind Technologies Ltd
Google’s DeepMind-Brain merger: tech giant regroups for AI battle
...These would be similar to GPT-4, which powers part of Microsoft’s Bing search engine, and LamDA, Google’s model that powers its Bard chatbot....
April 28, 2023
Artificial intelligence
European AI start-ups race to improve chatbots’ language skills
...When it launched last year, the group behind OpenGPT-X warned that the lack of access to details of models such as GPT-4 threatened Europe’s “digital sovereignty and market independence” in AI, which might...
April 5, 2023
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
The Big Read
How Google lost ground in the AI race
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
April 5, 2024
Artificial intelligence
Google pauses AI image generation of people after diversity backlash
...Research from the University of Washington, Carnegie Mellon University and Xi’an Jiaotong University in August found that AI models, including OpenAI’s GPT-4 and Meta’s LLaMA, have different political biases...
February 22, 2024
Artificial intelligence
AI boom sparks concern over Big Tech’s water consumption
...Academics suggest that AI demand would drive up water withdrawal — where water is removed from ground or surface sources — to between 4.2bn and 6.6bn cubic meters by 2027, or about half the amount consumed...
February 25, 2024
The Big Read
How AI is transforming the business of advertising
...In March 2023, Coca-Cola experimented with an AI platform, using GPT-4 and DALL-E, that allowed people to generate art work that featured on digital billboards in New York’s Times Square and London’s Piccadilly...
February 11, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
FT Alphaville
Might we, in fact, gotta hand it to Cathie Wood?
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
January 4, 2024
Inside BusinessRichard Waters
Cruise’s driverless car accident underlines the risks of AI
...richard.waters@ft.com Letter in response to this article: Driverless cars in search of Edison lightbulb moment / From Michael Ayres, San Francisco, CA, US...
November 9, 2023
Inside BusinessRichard Waters
Google pins its hopes on Gemini to leapfrog GPT-4
...It is the top-of-the-line Gemini Ultra, due out early next year, that carries Google’s main hopes of matching or leapfrogging OpenAI’s GPT-4 in the race to turn generative AI into a more useful everyday...
December 7, 2023
Artificial intelligence
Forecasting inflation with AI
...Further reading— An AI just passed a university exam (but don’t panic: it was only economics)— Generative AI will be great for generative AI consultants— ChatGPT vs the markets...
September 11, 2023
Due Diligence
Apollo’s expense scandal gets another day in court Premium content
...The company’s shares have quintupled in value since chief executive Tommy Eklund took the reins in 2020, with its market capitalisation at about $4.6bn on Tuesday....
March 28, 2024
Microsoft Corp
Microsoft’s edge in AI pays off while Google tries to catch up in the cloud
...Its shares rose 4 per cent on the earnings news, adding about $100bn to its stock market value, while Alphabet, Google’s parent, lost about $100bn in market capitalisation as its shares slid more than 6...
October 25, 2023
John Thornhill
The sceptical case on generative AI
...’re spot on / From Michael Ayres, San Francisco, CA, US Generative AI still relies on a human’s sense-check calculation / From Sir Donald Brydon, Chair, Adarga (The AI Defence Group), London SE1, UK Children...
August 17, 2023
US & Canadian companies
It’s a Jane Street world
...Ca $10bn of net trading revenues would equate to about $5mn per Jane Street employee on average (that includes the secretaries). Goldman Sachs’s 2022 revenues per employee was about $977,000....
January 10, 2024
The Big Read
Transformers: the Google scientists who pioneered an AI revolution
...They pointed the way to the advent of large models such as GPT-4, which have far better reasoning and language capabilities than their predecessors....
July 23, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Alphabet Inc
Alphabet’s digital advertising and cloud revenue rises
...YouTube ad revenue rose 4.4 per cent to $7.7bn, against forecasts for $7.4bn. And Google Cloud revenue jumped 27 per cent $8bn, ahead of forecasts of $7.8bn....
July 25, 2023
Technology sector
Microsoft and Alphabet’s core businesses resilient as they brace for AI costs
...Microsoft’s stock, which had risen a similar amount as Big Tech’s share price surge accounted for most of Wall Street’s advance this year, fell back nearly 4 per cent on profit-taking....
July 26, 2023
Unhedged
Fear of inflation returns Premium content
...Nominal wage growth is around 4-5 per cent, a level historically inconsistent with 2 per cent inflation....
April 10, 2024
Blue Origin LLC
Jeff Bezos’s space company Blue Origin picks Amazon device chief as CEO
...ago, in 2014, Blue Origin struck an agreement with the United Launch Alliance, an American aerospace manufacturer and defence contractor, to jointly fund the development of the space company’s new “BE-4”...
September 25, 2023
Artificial intelligence
Google unveils AI-powered search engine to rival Microsoft’s Bing
...A month later, OpenAI revealed its language model, GPT-4, which users can access through a premium version of ChatGPT and via Bing....
May 10, 2023
Deloitte Touche Tohmatsu LLC
Deloitte extends Big Four lead with $65bn in annual revenue
...Deloitte’s financial advisory practice increased revenues just 4.7 per cent in local currency terms to $5.1bn, a sharp slowdown from more than 20 per cent the previous year....
September 7, 2023
News in-depthArtificial intelligence
Why AI’s ‘godfather’ Geoffrey Hinton quit Google to speak out on risks
...Geoffrey Hinton had an ethical objection to his employer Google working with the US military in 2018, he didn’t join in public protests or put his name on the open complaint letter signed by more than 4,000...
May 5, 2023
Google LLC
Google to deploy generative AI to create sophisticated ad campaigns
...Google’s advertising revenue slipped 4 per cent in the final quarter of last year, leaving its parent, Alphabet, with overall revenue growth of just 1 per cent....
April 20, 2023
Due Diligence
Private equity’s new financial engineering play Premium content
...Private lenders including Ares Management, Oak Hill and Blue Owl stepped in to provide a $4.8bn senior private loan....
September 19, 2023
John Thornhill
Keeping ultra-intelligent machines docile is the challenge of our age
...Recent advances in artificial intelligence, highlighted by powerful generative AI models such as OpenAI’s GPT-4 and Google’s Bard, have dazzled millions....
April 20, 2023

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