Google Gemini, OpenAI Price Cut, Meta's $14.8B Scale AI Stake

Several companies are making significant strides in integrating AI across various sectors. Goldman Sachs has launched its GS AI Assistant for all employees, with about 10,000 already using it to summarize documents and analyze data, leveraging models like GPT-4 and Google's Gemini. Meta's CTO, Andrew Bosworth, noted OpenAI countered Meta's AI signing bonus offers, amidst Meta's recent $14.8 billion investment for a 49% stake in Scale AI. Apple may need to acquire AI companies to boost its AI capabilities. OpenAI's recent 80% price drop for its o3 model is set to make AI more accessible in healthcare, enabling tasks like flagging inconsistencies and data analysis. In finance, BoldCharter Inc. is developing AI trading systems using deep learning, while Smart Wealth is adding AI experts to its advisory board to enhance its AI investment technology. Duke University has created frameworks to ensure the safety and reliability of AI in healthcare, including tools to evaluate AI in clinical note creation and patient messaging. LinkedIn CEO Ryan Roslansky humorously mentioned using AI to emulate Microsoft CEO Satya Nadella's writing style, highlighting AI's growing role in professional communication and LinkedIn's use of AI to refine user profiles and job listings.

Key Takeaways

  • Goldman Sachs has rolled out its GS AI Assistant to all employees, with 10,000 already using it for tasks like document summarization and data analysis, utilizing models like GPT-4 and Gemini.
  • Meta's CTO, Andrew Bosworth, mentioned that OpenAI countered Meta's AI signing bonus offers, reflecting a competitive market for AI talent.
  • Meta invested $14.8 billion for a 49% stake in Scale AI.
  • Apple may need to acquire AI companies to enhance its AI efforts.
  • OpenAI's 80% price reduction for its o3 model is expected to increase AI adoption in healthcare for tasks like flagging inconsistencies in documents.
  • BoldCharter Inc. is developing AI trading systems using deep learning.
  • Smart Wealth is adding AI experts to its advisory board to advance its AI-based asset management.
  • Duke University has created frameworks, including SCRIBE, to ensure the safety and reliability of AI in healthcare.
  • LinkedIn CEO Ryan Roslansky joked about using AI to emulate Microsoft CEO Satya Nadella's writing style.
  • LinkedIn is using AI to help users refine their profiles and job listings.

Goldman Sachs launches GS AI Assistant for all employees

Goldman Sachs is rolling out its GS AI Assistant to all employees. This AI tool helps workers with tasks like summarizing documents and analyzing data. Thousands of employees are already using the GS AI Assistant. It can use different AI models like GPT-4 and Google's Gemini. The tool is tailored for different jobs, like developers and research analysts, and can translate documents into other languages.

Goldman Sachs releases GS AI Assistant to boost productivity

Goldman Sachs has launched an AI assistant called GS AI Assistant for all its employees. The tool uses generative AI to help boost productivity. About 10,000 employees are already using it. The GS AI Assistant helps with tasks like summarizing documents and data analysis. Other banks like Citigroup and Morgan Stanley also use AI tools.

Goldman Sachs launches GS AI Assistant to boost productivity

Goldman Sachs has launched an AI assistant called GS AI Assistant for all its employees. The tool uses generative AI to help boost productivity. About 10,000 employees are already using it. The GS AI Assistant helps with tasks like summarizing documents and data analysis. Other banks like Citigroup and Morgan Stanley also use AI tools.

Meta CTO says OpenAI countered Meta's AI signing bonus offers

Meta's CTO, Andrew Bosworth, said that OpenAI countered Meta's large AI signing bonuses. OpenAI CEO Sam Altman had said Meta was trying to get AI talent with $100 million bonuses. Bosworth said the market is setting high rates for AI talent. Meta recently bought a 49% stake in Scale AI for $14.8 billion. Bosworth believes the high offers will encourage more people to gain AI skills.

Apple may need to buy AI company to boost AI efforts

Apple may need to make big acquisitions to improve its artificial intelligence. The company may need to leave its comfort zone regarding mergers and acquisitions. Meta is also rolling out something new. Honor is working on a new foldable phone. Apple's back-to-school deal is starting soon.

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BoldCharter Inc to create AI trading systems using deep learning

BoldCharter Inc plans to create AI trading systems using deep learning. The company's systems will be more efficient than current models. Researchers and engineers will develop these AI models. The company is raising funds to hire AI research and engineering talent. BoldCharter was co-founded by Mehul Goyal and Nisheeth Lahoti, who have experience in trading and AI.

Smart Wealth adds AI experts to advisory board

Smart Wealth, a Swiss asset manager, is adding experts to its advisory board. Professor Manfred Deistler will chair the board. Professor Michael Wolf from the University of Zurich is also joining. These experts will help develop Smart Wealth's AI investment technology. The company aims to set new standards in AI-based asset management.

Duke University creates standards for safe AI in health care

Duke University researchers have created frameworks to check the safety and reliability of AI in health care. The frameworks help make sure AI systems meet high standards. One framework, SCRIBE, evaluates AI tools that create clinical notes. Another framework assesses AI used by Epic to reply to patient messages. These tools help ensure AI supports care without risking safety or trust.

OpenAI's o3 price drop impacts AI in healthcare

OpenAI has cut the price of its o3 model by 80%, which will affect AI in healthcare. The lower price makes the technology more affordable for healthcare organizations. This allows them to use AI for tasks like flagging inconsistencies in documents and supporting clinicians. It also helps analyze patterns and reconcile data. The price drop makes it easier for more organizations to test and use these tools.

LinkedIn CEO jokes about using AI to sound like Satya Nadella

LinkedIn CEO Ryan Roslansky admits to using AI to improve his emails. He uses AI writing tools to sound like Microsoft CEO Satya Nadella. Roslansky believes AI will change the job market, bringing both good and challenging changes. He advises people to develop skills like communication and collaboration. LinkedIn is also using AI to help users refine their profiles and job listings.

Sources

Goldman Sachs GS AI Assistant Generative AI Productivity Citigroup Morgan Stanley AI tools Meta OpenAI AI talent Signing bonuses Scale AI Apple Acquisitions Artificial intelligence Perplexity AI browser Windows BoldCharter Inc AI trading systems Deep learning Smart Wealth AI experts Advisory board AI investment technology Duke University AI safety Healthcare SCRIBE Epic Clinical notes OpenAI o3 Price drop Healthcare organizations LinkedIn Ryan Roslansky Satya Nadella AI writing tools Job market Communication Collaboration AI skills