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Wall Street Breakfast

Big names join AI Safety Institute

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 8 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Apple, Microsoft, JPMorgan among those in new U.S. AI Safety Institute. (0:16) Chip company Arm adds $40 billion in market cap post-earnings. (2:45) These idiosyncratic stocks could help your portfolio. (5:22)

Show Notes
Greenlight Capital founder: Markets are fundamentally broken by passive investors
Philip Morris points to strong momentum as smoke-free sales climb

Episode transcripts seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action news and analysis.

0:09.0

Good afternoon. Today is Thursday, February 8th, and I'm your host, Kim Khan.

0:14.0

Our top story so far. The U.S. government says several artificial intelligence focus companies

0:19.5

were among more than 200 entities joining a new consortium to help with a safe development and

0:24.4

deployment of generative AI. On Wednesday, U.S. Commerce Secretary Gina Raimondo

0:30.0

had announced key members of an executive leadership team to lead the US AI Safety

0:34.8

Institute or AISI, which would be set up at the National Institute for Standards and Technology.

0:41.6

Elizabeth Kelly will lead the AISI as its inaugural director technology. AI Safety Institute Consortium includes Microsoft, Open AI, Amazon,

0:55.0

Alphabet's Google, Anthropic, Meta platforms, Apple,

0:58.8

Invidia, Palantier, Intel,

1:00.7

JPMorgan Chase, and Bank of America.

1:03.0

That's according to Reuters.

1:04.0

The group also includes BP, Cisco Systems, IBM, Hewlett-Packard,

1:08.0

Northert Grimmond,

1:09.0

Mastercard, Qualcomm, Visa,

1:11.0

and several academic institutions and government agencies.

1:15.0

Also on the AI front, Google has reintroduced its chatbot earlier known as Bard

1:20.0

as a tiered subscription service similar to competitor Open AIs chat gPT.

1:25.3

The new Gemini chatbot will be available in various capacities, starting from a free version

1:30.0

to the highest tiered Ultra 1.0 model for 1999 a month.

1:34.3

The Ultra version, powered by the Gemini Advanced AI model,

1:37.4

is touted to perform better and complex tasks,

...

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