Goldman Is Reportedly Using AI To Write Code As Banks Crack Down On ChatGPT Use

Original article: https://www.forbes.com/sites/siladityaray/2023/03/22/goldman-is-reportedly-using-ai-to-write-code-as-banks-crack-down-on-chatgpt-use/?sh=23280f193300 Goldman Sachs revealed that the company is using generative AI tools to aid its software developers in writing and testing code, just weeks after reports of major U.S. banks—including Goldman—restricting staffers’ use of ChatGPT. The bank’s use of generative AI was only a “proof of concept,” Marco Argenti, Goldman’s chief information officer told CNBC Tuesday. The AI tool has been used by the company’s software developers to write “as much as 40%” of code in some cases, the report said. The...

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Which companies are affected by SVB collapse?

Original article: https://www.reuters.com/business/finance/global-firms-with-exposure-collapsed-svb-2023-03-13/  

March 14 (Reuters) - Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending shockwaves through the global financial system and prompting regulators to step in to contain the fallout.

The collapse also raised concerns that...

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OpenAI starts selling subscriptions to its ChatGPT bot

        Original article: https://www.axios.com/2023/02/01/chatgpt-subscriptions-chatbot-openai   OpenAI announced Wednesday it's starting to sell $20 a month subscriptions to ChatGPT, its trendy AI-driven chatbot that answers questions, write poems and has taken the tech world by storm. Why it matters: ChatGPT seized a powerful spotlight. Now, the monetization begins. Details: ChatGPT will still be available for free to users who don't subscribe, but paying customers will get priority access, faster response times, and early use of new features. The big picture: ChatGPT's popularity came at a high operating cost to OpenAI. The AI...

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Walmart Business launches as a B2B ecommerce site

          Original article: https://www.digitalcommerce360.com/2023/01/24/walmart-business-launches-as-a-b2b-ecommerce-site/     Walmart’s newest ecommerce site is targeting small and midsized businesses and not-for-profit organizations with more than 100,000 items ranging from office supplies to automotive and heating-and-air-conditioning products. A Walmart Business+ membership program offers free shipping and other perks. Key takeaways: Walmart Business expects to capitalize on Walmart’s existing expertise in ecommerce and fulfillment operations. Walmart is vying with Staples, Costco and others for the B2B market. Walmart figures there’s enough B2B market for both Walmart Business and Sam’s Club. The world’s largest retailer is...

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US Sues Google to Break Up Ad Unit in Heated Antitrust Fight

        Original article: https://www.bloomberg.com/news/articles/2023-01-24/us-sues-google-over-ad-market-in-escalation-of-antitrust-fight     DOJ complaint calls for break up of Google’s ad tech business Google counters that digital ad market is competitive   The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. “The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use to sell ads and...

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Chinese Government Buys Shares in Alibaba, Tencent, and TikTok Owner ByteDance

          Original article: https://www.digitalmusicnews.com/2023/01/15/ccp-shares-alibaba-tencent-bytedance/ China’s government is buying shares in Alibaba, ByteDance, Tencent, and other tech companies to give the CCP special rights over certain business decisions. The Chinese government is buying shares, usually a 1% holding in a vital area, in tech companies like Alibaba, ByteDance, and Tencent to be more deeply involved in their businesses, according to a report from the Financial Times. These shares are known as “special management shares” that enable the government to make certain decisions at these companies,...

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Recruitment team unwittingly recommends ChatGPT for job interview

        Original article: https://news.sky.com/story/recruitment-team-unwittingly-recommends-chatgpt-for-job-interview-12788770  
A recruitment team unknowingly recommended ChatGPT for a job interview after the AI was used to complete an application task. Since its release back in November, the internet at large has been putting the impressive language model through its paces to see just how flexible and human-like it can be.   With little more than a short prompt, the bot has had a go at everything from writing articles to solving PC problems, putting the fear of potential redundancy into...

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The era of DTC brands is over. Here’s what the next generation of startups looks like.

      Original article: https://www.fastcompany.com/90828954/era-of-dtc-brands-is-over-heres-what-the-next-generation-of-startups-looks-like   For a decade, DTC startups like Warby Parker and Everlane created a playbook for how to launch a successful brand. A new generation of founders wants to chart a different path.
When fashion industry veteran Marina Larroudé decided to launch her eponymous line of heels in 2020, she made the deliberate decision not to follow in the footsteps of fast-growing direct-to-consumer shoe startups like M.Gemi, Tamara Mellon, and Rothy’s.
She wasn’t interested in copying their business model of...

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Good News for Amazon Stock: E-Commerce Is Turning the Corner

        Original article: https://www.fool.com/investing/2022/12/20/good-news-for-amazon-e-commerce-is-turning-corner/   One analyst thinks e-commerce growth is starting to accelerate. Amazon (AMZN 4.62%) is one of the best-performing stocks of the last generation, but its 2022 returns are a reminder that past performance isn't a guarantee of future returns. Shares of the tech giant are closing out the year down nearly 50% as it's faced a slew of challenges that have left it looking decidedly vulnerable.

The company is closing warehouses and laying off 10,000 corporate employees. It's shuttering once-promising businesses like Amazon...

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TikTok Shop’s GMV in SEA topped US$4.4 billion in 2021

      Original article: https://www.techinasia.com/bytedance-sees-208b-spending-douyins-ecommerce-service The gross merchandise volume of TikTok Shop – the short-video app’s ecommerce arm – in Southeast Asia reached US$4.4 billion in 2021, The Information reported, citing two sources briefed on the numbers. Since early 2022, TikTok Shop has moved quickly and aggressively in the region to roll out new features, offer incentives, and seal partnerships with ecommerce enablers and logistics partners, as Tech in Asia previously reported.  Sources also told The Information that ByteDance –...

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