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Elon Musk's 1tn pay deal approved by Tesla shareholders

BBC News

Elon Musk's $1tn pay deal approved by Tesla shareholders Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn). The unprecedented deal was approved by 75% of Tesla shareholders who cast votes at the firm's annual general meeting on Thursday. The deal requires Musk, who is already the world's richest man, to drastically raise the electric car firm's market value over a period of years. If he meets various targets, he will be rewarded with hundreds of millions of new shares. The scale of the deal is controversial, but the Tesla board argued that Musk might leave the company if it was not approved - and that it could not afford to lose him.


The two people shaping the future of OpenAI's research

MIT Technology Review

I sat down with Chen and Pachocki for an exclusive conversation during a recent trip the pair made to London, where OpenAI set up its first international office in 2023. We talked about how they manage the inherent tension between research and product. We also talked about why they think coding and math are the keys to more capable all-purpose models; what they really mean when they talk about AGI; and what happened to OpenAI's superalignment team, set up by the firm's cofounder and former chief scientist Ilya Sutskever to prevent a hypothetical superintelligence from going rogue, which disbanded soon after he quit. In particular, I wanted to get a sense of where their heads are at in the run-up to OpenAI's biggest product release in months: GPT-5. Reports are out that the firm's next-generation model will be launched in August.


Former OpenAI boss Sam Altman pictured at firm's HQ amid reports of return

BBC News

According to tech news site the Information, Mr Altman and Greg Brockman - another co-founder who quit on Friday as the company's president - were invited to the firm's San Francisco headquarters for talks on Sunday.


Introducing BloombergGPT, Bloomberg's 50-billion parameter large language model, purpose-built from scratch for finance

#artificialintelligence

NEW YORK – Bloomberg today released a research paper detailing the development of BloombergGPTTM, a new large-scale generative artificial intelligence (AI) model. This large language model (LLM) has been specifically trained on a wide range of financial data to support a diverse set of natural language processing (NLP) tasks within the financial industry. Recent advances in Artificial Intelligence (AI) based on LLMs have already demonstrated exciting new applications for many domains. BloombergGPT represents the first step in the development and application of this new technology for the financial industry. This model will assist Bloomberg in improving existing financial NLP tasks, such as sentiment analysis, named entity recognition, news classification, and question answering, among others.


Would Baidu's answer to ChatGPT make a difference? • TechCrunch

#artificialintelligence

Baidu, China's top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by Bloomberg and The Wall Street Journal, sent Baidu's stock price rising on Monday to reach its highest point since September. A spokesperson for Baidu declined to comment on the reports. But it wouldn't be surprising that Baidu, which bills itself as the pioneer in China's artificial intelligence field, is stepping up to build the Chinese equivalent of today's most powerful chatbot. The question is how big a difference the tool can make, and where its limitations lie.


Crescendo.ai - Data Science and AI R&D Firm

#artificialintelligence

Crescendo.ai is a data science firm with its own AI R&D center. We are a private Swiss initiative, with operations across Europe. We build and implement AI-powered solutions and tools to help public and private companies, make smarter decisions. With hundreds of thousands of valuable data entry across our own properties, we are developing powerful platforms and systems to help us make better and swifter decisions. Our goal is to allow public and private companies to tap into the incredible potential of AI and Machine Learning.


Data Analyst - Compliance

#artificialintelligence

PhonePe is India's leading digital payments platform with over 280 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold, and make investments. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. In 2017, PhonePe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance, Corona Care, a dedicated insurance product for the COVID-19 pandemic among others.


Tesla's first Semi trucks will be delivered to Pepsi in December

Daily Mail - Science & tech

After months of anticipation, Elon Musk finally took the wraps off Tesla's first AI humanoid robot, 'Optimus' on September 30. Optimus, which was first announced in August last year, received a frenzied reception at the firm's AI Day event in California. The bot was filmed emerging from behind a wall with two robotic hands in a heart shape, before taking a few tentative steps to wild applause. Musk said Tesla is planning to sell the bot for'probably less than $20,000' (£17,700) in three to five years' – meaning another long wait for Tesla fans to get their hands on the firm's most anticipated technology. Following its unveiling, MailOnline has taken a look at the Tesla products that have been announced but are still yet to be released - including Cybertruck, Robotaxi and the second-generation Roadster.


AI used to display out job candidates could possibly be biased, watchdog fears - News He News

#artificialintelligence

Dozens of firms within the UK, from Unilever to Deloitte, have used synthetic intelligence (AI) to analyse the language, tone and even facial expressions of candidates when they're requested a set of equivalent job questions which they movie on their cell phone or laptop computer. The algorithms choose the most effective candidates by assessing their performances within the movies towards tens of 1000's of items of linguistic and facial info compiled from earlier interviews of those that have gone on to show to be good on the job. Hirevue, a US firm which has developed AI interview expertise, claims it permits hiring corporations to interview extra candidates within the preliminary stage slightly than merely counting on CVs and that it offers a extra dependable and goal indicator of future efficiency freed from human bias. Dozens of firms together with Deloitte, Nationwide Grid, Tesco, Jet2, Grant Thornton, AstraZeneca, Channel 4 and even the Authorities's Division for Enterprise, Vitality and Industrial Technique have used Hirevue, in accordance with its shopper checklist seen by The Telegraph. Nevertheless, John Edwards, the knowledge commissioner, mentioned the usage of AI for interviews would now be investigated due to considerations that the businesses could possibly be deploying such AI expertise for interviews "with out doing due diligence".


How Firms Are Using AI To Cut Their Carbon Emissions - AI Summary

#artificialintelligence

Whether it's deployed at the customer interface or on a purely operational level, AI can help firms to extract precious gems of insight from the mountain of data they're sitting on. The race for the data to help organisations reduce their emissions and strive for carbon neutrality also appears to be fuelling an unprecedented acceleration in the uptake of AI. "For example, companies can look to automatically link their energy usage with their physical asset systems to identify predictive maintenance opportunities to improve their environmental performance. Nowhere is that more evident than in the humming global data centres of Google, a company that's responsible for a significant proportion of the world's electricity output, particularly the energy needed to keep its servers cool and thereby reduce the risk of a devastating outage. If the technology can find a way to minimise its own carbon footprint, it will close a virtuous circle, helping its users to hit the net-zero targets that matter so much to all stakeholders in the climate crisis. Whether it's deployed at the customer interface or on a purely operational level, AI can help firms to extract precious gems of insight from the mountain of data they're sitting on. The race for the data to help organisations reduce their emissions and strive for carbon neutrality also appears to be fuelling an unprecedented acceleration in the uptake of AI. "For example, companies can look to automatically link their energy usage with their physical asset systems to identify predictive maintenance opportunities to improve their environmental performance.