Press Release
Text2TimeSeries: Enhancing Financial Forecasting through Time Series Prediction Updates with Event-Driven Insights from Large Language Models
Kurisinkel, Litton Jose, Mishra, Pruthwik, Zhang, Yue
Time series models, typically trained on numerical data, are designed to forecast future values. These models often rely on weighted averaging techniques over time intervals. However, real-world time series data is seldom isolated and is frequently influenced by non-numeric factors. For instance, stock price fluctuations are impacted by daily random events in the broader world, with each event exerting a unique influence on price signals. Previously, forecasts in financial markets have been approached in two main ways: either as time-series problems over price sequence or sentiment analysis tasks. The sentiment analysis tasks aim to determine whether news events will have a positive or negative impact on stock prices, often categorizing them into discrete labels. Recognizing the need for a more comprehensive approach to accurately model time series prediction, we propose a collaborative modeling framework that incorporates textual information about relevant events for predictions. Specifically, we leverage the intuition of large language models about future changes to update real number time series predictions. We evaluated the effectiveness of our approach on financial market data.
Meta changes its labels for AI-generated images after complaints from photographers
Meta is updating its "Made with AI" labels after widespread complaints from photographers that the company was mistakenly flagging non-AI-generated content. In an update, the company said that it will change the wording to "AI info" because the current labels "weren't always aligned with people's expectations and didn't always provide enough context." The company introduced the "Made with AI" labels earlier this year after criticism from the Oversight Board about its "manipulated media" policy. Meta said that, like many of its peers, it would rely on "industry standard" signals to determine when generative AI had been used to create an image. However, it wasn't long before photographers began noticing that Facebook and Instagram were applying the badge on images that hadn't actually been created with AI.
Google confirms the date for its next unveiling event where it could reveal a new AI-powered smartphone - and it's much earlier than we expected
Google usually reveals a new Pixel smartphone in the autumn โ but this year it seems to be wasting no time to get ahead of the curve. The tech giant has confirmed that its annual'Made by Google' unveiling event will take place on August 13, where it will showcase new devices and software. It's expected to announce the latest smartphone in its Pixel line, the Pixel 9, which could be packed with a range of new AI features to rival Apple. The event may even launch a successor to its first foldable phone, the Pixel Fold that was released last year for an eyewatering 1,749. A brief teaser video contains the Google Pixel branding and the number nine in Roman numerals โ referring to the ninth phone in the series. Google's teaser video shows the outline of a smartphone with 9 in Roman numerals - a clear indication it's preparing the new hotly-anticpated device The video, entitled'AI... meet IX at Made by Google', confirms the date of the event in Roman numerals โ VIII-XIII-MMXXIV, or August 13, 2024.
OpenAI has delayed its seductive ChatGPT voice assistants
If you've been dreaming about spending your summer whispering sweet nothings into the digital ears of one of the seductive ChatGPT voice assistants that OpenAI showed off last month, you'll have to dream a little longer. On Tuesday, the company announced that its "advanced Voice Mode" feature needs more time in the oven "to reach our bar to launch." The feature will be available to a small group of users to gather feedback, and then launch to all paying ChatGPT customers in the fall. "We're improving the model's ability to detect and refuse certain content," OpenAI posted on X. "We're also working on improving the user experience and preparing our infrastructure to scale to millions while maintaining real-time responses." We're sharing an update on the advanced Voice Mode we demoed during our Spring Update, which we remain very excited about: We had planned to start rolling this out in alpha to a small group of ChatGPT Plus users in late June, but need one more month to reach our bar to launch.โฆ Voices have been a part of ChatGPT since 2023.
Claude 3.5 suggests AI's looming ubiquity could be a good thing
The frontier of AI just got pushed a little further forward. On Friday, Anthropic, the AI lab set up by a team of disgruntled OpenAI staffers, released the latest version of its Claude LLM. The company said Thursday that the new model โ the technology that underpins its popular chatbot Claude โ is twice as fast as its most powerful previous version. Anthropic said in its evaluations, the model outperforms leading competitors like OpenAI on several key intelligence capabilities, such as coding and text-based reasoning. Anthropic only released the previous version of Claude, 3.0, in March.
US Record Labels Sue AI Music Generators Suno and Udio for Copyright Infringement
The music industry has officially declared war on Suno and Udio, two of the most prominent AI music generators. The plaintiffs seek damages up to 150,000 per work infringed. The lawsuit against Suno is filed in Massachusetts, while the case against Udio's parent company Uncharted Inc. was filed in New York. Suno and Udio did not immediately respond to a request to comment. "Unlicensed services like Suno and Udio that claim it's'fair' to copy an artist's life's work and exploit it for their own profit without consent or pay set back the promise of genuinely innovative AI for us all," Recording Industry Association of America chairman and CEO Mitch Glazier said in a press release.
We're Still Waiting for the Next Big Leap in AI
When OpenAI announced GPT-4, its latest large language model, last March, it sent shockwaves through the tech world. It was clearly more capable than anything seen before at chatting, coding, and solving all sorts of thorny problems--including school homework. Anthropic, a rival to OpenAI, announced today that it has made its own AI advance that will upgrade chatbots and other use cases. But although the new model is the world's best by some measures, it's more of a step forward than a big leap. Anthropic's new model, called Claude 3.5 Sonnet, is an upgrade to its existing Claude 3 family of AI models.
Former OpenAI Chief Scientist Announces New Safety-Focused Company
Ilya Sutskever, a co-founder and former chief scientist of OpenAI, announced on Wednesday that he's launching a new venture dubbed Safe Superintelligence Inc. Sutskever said on X that the new lab will focus solely on building a safe "superintelligence"--an industry term for a hypothetical system that's smarter than humans. Sutskever is joined at Safe SuperIntelligence Inc. by co-founders Daniel Gross, an investor and engineer who worked on AI at Apple till 2017, and Daniel Levy, another former OpenAI employee. The new American-based firm will have offices in Palo Alto, Calif., and Tel Aviv, according to a description Sutskever shared. I am starting a new company: https://t.co/BG3K3SI3A1 Sutskever was one of OpenAI's founding members, and was chief scientist during the company's meteoric rise following the release of ChatGPT.
WWDC 2024: Everything Apple announced today including iOS 18, AI with Apple Intelligence and more
Today's keynote for Apple's Worldwide Developers Conference teased a lot of what users can expect later this year when all of its major software updates roll out. Big changes coming to iOS 18, macOS Sequoia and watchOS 11 include RCS support, a new Passwords app, a revamped Calculator app and a bunch of artificial intelligence (AI) infusions across the board thanks to the new "Apple Intelligence" system. If you weren't able to catch the news live, here's a rundown of everything announced at WWDC 2024. Apple revealed its plans to incorporate AI into its operating systems at WWDC this year. Dubbed "Apple Intelligence," this new generative AI system will appear in iOS and iPad 18 and macOS Sequoia in the form of (what Apple believes to be) practical tools that most people can use regularly.
Microsoft announces layoffs and restructuring in its mixed reality division
Microsoft is laying off employees working on mixed reality as part of a restructuring of the division, CNBC has reported. The company will continue to sell the HoloLens 2 augmented reality (AR) headset, a key device produced by that department. "Earlier today we announced a restructuring of the Microsoft's Mixed Reality organization," a spokesperson told CNBC in an email. "We remain fully committed to the Department of Defense's IVAS program and will continue to deliver cutting edge technology to support our soldiers. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. We will continue to sell HoloLens 2 while supporting existing HoloLens 2 customers and partners."