Is AI a Bubble? BofA Thinks so, and Details What Could Burst It

AI is in a “baby bubble” for now, Bank of America said Friday. What could burst the bubble is the Fed pausing rate hikes and then restarting the cycle. BofA said the dot-com blow-up in the early 2000s had roots in the Fed restarting policy tightening in 1999. Artificial intelligence is this year’s investment craze … Read more

Cathie Wood Says Apple Could Be Disrupted by the Rise of ChatGPT Plugins

Apple could be disrupted by the rise of ChatGPT plugins, according to Ark Invest’s Cathie Wood. She made the comment as Apple’s $2.73 trillion market value eclipses the collective market cap of the Russell 2000. The only way to justify Apple’s current valuation is if its health care and payments bets succeed, Wood said. The … Read more

Apple now experimenting with language-generating AI in ChatGPT era

As AI chatbots rise, Apple is now reportedly experimenting with language-generating artificial intelligence (AI). The Cupertino-based tech giant recently held an internal event that focused on AI and large language models, reports The New York Times. Several teams including people working on Siri voice assistant are testing “language-generating concepts” regularly.   Siri, along with Alexa … Read more

How Microsoft Bing and ChatGPT Are Lighting a Fire Under Google

It’s become clear, just over a week in, that Microsoft’s new ChatGPT-powered Bing has some problems. Users have had creepy, unsettling exchanges with Bing, resulting in Microsoft limiting some features. Win or lose, though, Microsoft Bing has successfully pushed Google towards much-needed innovation. Despite the hype, the launch of Microsoft’s grand entrance into the world … Read more

Sundar Pichai pushes Googlers to spend more time improving its Bard AI

Google CEO, Sundar Pichai has asked employees to spend 2 to 4 hours on improving Bard, Google’s recently-released AI chatbot, reported Business Insider (BI) citing a leaked company-wide email. Bard is the company’s AI chatbot that Google intends to integrate into search. The email indicates urgency in Google’s approach in order to win the next … Read more

Microsoft fusing ChatGPT-like tech into search engine Bing

The revamping of Microsoft’s second-place search engine could give the software giant a head start against other tech companies in capitalizing on the worldwide excitement surrounding ChatGPT, a tool that’s awakened millions of people to the possibilities of the latest AI technology. Along with adding it to Bing, Microsoft is also integrating the chatbot technology … Read more