Tag: Nasdaq

The US Federal Trade Commission (FTC) is tackling the potential misuse of AI-based technologies, such as ChatGPT, to commit fraud or scams. FTC Chair Lina Khan said the agency is ready to use its current laws against unfair and deceptive practices to hold companies accountable if they misuse the technology. Nasdaq's President and CEO Adena Friedman noted that while AI can be used for the good of society, it must be regulated and used responsibly. Expect the FTC to enforce laws to protect American consumers from misuse of AI technology.

AI-powered chatbots like ChatGPT are creating apprehensions among people as they are able to write essays, code, and other tasks. But Narayana Murthy, the illustrious founder of Infosys, believes that these robots cannot match the capabilities of the human mind. Murthy says ChatGPT can be used for generating knowledge for tasks like writing an essay, but it cannot replace human resources. He also highlighted an example of a competition between him and a journalist to demonstrate human's creativeness and unique ability. As a result, Murthy suggested that ChatGPT can be employed as an assistant to produce better quality of work, but cannot take over humans completely.

Infosys co-founder Narayana Murthy, has expressed his confidence in the power of the human mind compared to AI-driven ChatGPT in a recent CNBC Conversation. Murthy believes that ChatGPT can only be used as an “instrument” or “assistant” to enhance the quality of work rather than replacing humans. The Indian IT giant, currently ranked as the third most valuable IT services brand, is a perfect testament to the success of Murthy’s view. A competent human mind will always surpass what ChatGPT can do.

This article explores the astonishing ability of ChatGPT, an AI chatbot developed by OpenAI, to accurately predict stock market movements by digesting news headlines. With empirical data unveiled by the US Federal Reserve, ChatGPT outperformed the benchmark system BERT and had a near-perfect accuracy rate of interpreting news in October 2022. Find out more about this remarkable technology and its implications for today's markets.

Amazon launches Bedrock - a suite of AI-powered applications designed to help businesses build chatbots, generate text, and create images. Accessible from AWS, Bedrock provides models from top AI providers such as AI21, Anthropic, and Stability AI. Structured around CEO Andy Jassy’s commitment to invest heavily in generative AI and large language models, Bedrock represents Amazon’s entrance into the tech world’s AI race.