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Ai Companies

All articles tagged with #ai companies

business2 months ago

Global Tech and AI Stocks Plunge Amid AI Bubble Fears

Stocks experienced their first weekly decline in three weeks, primarily driven by a sharp sell-off in artificial intelligence-related companies like Microsoft, Nvidia, and Meta, erasing over $820 billion in market value amid concerns over high valuations and geopolitical tensions. The broader market was also affected by economic uncertainties due to the ongoing government shutdown and weak consumer sentiment, although some tech giants like Apple and Amazon managed to hold steady.

via NBC News|
#ai-companies#business#economic-impact
real-estate3 months ago

AI Boom in San Francisco: Disrupting Rental Market and Driving Housing Crisis

AI companies in San Francisco are disrupting the rental market by offering free apartments and rent stipends to their employees, creating a competitive advantage that disadvantages regular renters. These benefits are mostly available to employees working near company offices in popular neighborhoods like Mission Bay and SoMa, driving up rents and making it harder for non-tech workers to find affordable housing.

via SFist|
#ai-companies#apartment-prices#real-estate
finance2 years ago

"Stocks Fluctuate as Earnings Season Kicks Off and Wholesale Inflation Cools"

The stock market closed the week mixed as big bank results failed to boost hopes for a robust earnings season, with the S&P 500 claiming a winning week despite a rough start to 2024. Apple is poised for a winning week after a bleak start, while OpenAI's copyright conundrum and Citigroup's plans for job cuts are in focus. Oil prices rose after US airstrikes in Yemen, and stocks like Meta, UnitedHealth Group, and Delta Air Lines trended during trading. JPMorgan Chase reported a boost in revenue, while BlackRock's assets under management topped $10 trillion. JPMorgan's CEO, Jamie Dimon, warned of "stickier" inflation and higher interest rates.

via Yahoo Finance|
#ai-companies#earnings-season#finance
technology2 years ago

"Top AI Companies Join Forces with Biden Administration to Ensure AI Safety and Accountability"

Leading AI companies, including Microsoft, Google, Amazon, and Meta, have committed to subjecting new AI systems to external testing before public release and labeling AI-generated content, as part of voluntary commitments made with the White House. The aim is to enhance the safety and trustworthiness of AI systems while comprehensive regulations are being developed. The commitments also include investing in cybersecurity, prioritizing research on societal risks, and developing AI systems to address societal challenges. While the commitments are voluntary and lack enforcement mechanisms, they are seen as a bridge to future regulation.

via CNN|
#ai-companies#ai-generated-content#outside-testing
politics2 years ago

Tech Giants Commit to White House AI Safeguards for Secure Future

Seven leading A.I. companies in the United States, including Amazon, Google, and Meta, have agreed to voluntary safeguards on the development of artificial intelligence. The companies will announce their commitment to these new standards at a meeting with President Biden. The safeguards aim to ensure safety, security, and trust in A.I. technology, as concerns grow over the potential spread of disinformation and the risks associated with self-aware computers. The companies have agreed to security testing, implementing watermarks to identify A.I.-generated content, publicly reporting system capabilities and limitations, deploying A.I. tools to tackle societal challenges, and conducting research on risks such as bias and invasion of privacy. The announcement comes as governments worldwide are working on legal and regulatory frameworks for A.I. development.

via The New York Times|
#ai-companies#politics#regulation
economy2 years ago

San Francisco's Downtown Office Vacancies Reach Alarming Levels

Downtown San Francisco is facing a grim state as vacancies rise and property owners shed leases faster than new ones can be signed. The preliminary office vacancy rate for the second quarter of 2023 is at 31.8%, with negative net absorption indicating a potential increase in the vacancy rate. While AI companies are seeking to lease over 700,000 square feet in the city, their footprints are still smaller compared to big tech firms. The office delinquency rate for commercial mortgage-backed securities is at 4.02%, signaling distress in the commercial real estate sector. Property tax appeals have reached their highest level since 2013-2014, reflecting declining confidence in property values. The return-to-office rate in the San Francisco metro area is at 45.5%, impacting the infrastructure and economic ecosystem centered on Downtown.

via The San Francisco Standard|
#ai-companies#downtown#economy