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Only half way to the weekend! What do you get when you create a livestream video portal between New York and Dublin? In a nutshell: chaos.
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AI agent era
Forgot where your glasses are? Need to return shoes? Want to add something to your calendar? AI can help you with that.
Yes, I’m sure you’ve heard these pitches repeated before. Ever since OpenAI’s ChatGPT graced us with its existence, all anyone seems to be talking about is how AI will change. all.
But now Google is saying these things in a very real way. And when companies that have historically been at the forefront of technology speak, people tend to listen.
Google I/O, the tech giant’s largest developer conference; The rise of so-called AI agents was weighing heavily.writes Business Insider’s Hugh Langley, who was at the scene firsthand.
Google CEO Sundar Pichai said AI agents “think many steps ahead to accomplish things on your behalf, and most importantly under your supervision.” “It works together across software and systems.”
Tuesday’s event was more than just new and shiny.
Google’s faithful old search engine Significantly improved with the help of AIwrites BI’s Jeff Weiss. Updated by Gemini A version for Gmail was also on display.
AI Overview — where AI-generated answers appear at the top of Google search results — combines what previously required numerous steps to answer complex questions into a single search.
But what’s good for users can cause problems for other parts of the Internet. This type of functionality can be a game-changer for businesses built around search engine optimization.
At the heart of this movement is Project Astra, which Hugh succinctly describes as “the way Google Assistant was meant to be from the beginning.”
Alistair Barr from BI, who was also present at I/O, said: Project Astra needs to be testedand chatted with Gregory Wayne, head of the project.
The stakes are high for Google, as nailing an AI agent opens up a huge business opportunity.
Despite all the chatter AI has received, Alistair writes, there has yet to be a singular application that has captured the attention of consumers. But Google’s demo at the event puts it to the test. Finally created a killer AI app.
But Google’s AI ambitions also require people to integrate the tech giant into their lives in a big way.
Demis Hassabis, head of Google DeepMind, said AI agents “see better, listen better, understand the situations we’re in, and respond faster in conversations.” “This allows the pace and quality of dialogue to feel more natural.”
The concept is equally impressive and frightening.
For AI agents to be highly intuitive, they need to be able to access every aspect of our lives. And that can be a tough sell as people become increasingly protective of their data.
Three things in the market
- Meme stocks keep the meme going. GameStop and AMC Entertainment continues to hold large gatheringsand ended Tuesday up more than 59% and 30%, respectively, following the re-emergence of Keith Gill, aka “Rolling Kitty.” But not everyone is impressed, with one market guru calling it “.speculative orgy. ”
- There will also be an inflation report. Here’s how the market will react. All eyes are on today’s April CPI report, which could determine the rate cut schedule. A positive report could cause the S&P 500 to fall by as much as 2.5%, according to JPMorgan, while cooler data could mean a possible rate cut in June.here it is Six scenarios banks expect.
- The head of Citi’s fastest-growing wealth business is stepping down. Naz Vahid, who heads a division specializing in serving wealthy law firm partners and other high-net-worth executives, is leaving the bank after 38 years, according to a memo obtained by BI. Check out City Wealth Boss Andy Sieg’s announcement..
Three things about technology
- Adam Selipsky works at AWS. According to an internal memo, Amazon Web Services CEO resigns, effective June 3.Selipsky’s tenure Characterized by slow growth, large-scale layoffs, and AI challenges. He will be succeeded by Matt Garman, AWS senior vice president of sales, marketing, and global services.
- Mental health startups could face tough reviews this year. Faced with difficult funding conditions, the market is hungry for more deals. A healthcare analyst said: 13 mental health startups that could IPO, be acquired, or be acquired this year.
- Ilya Sutskever is leaving OpenAI. The OpenAI co-founder said in a post to X on Tuesday: leaving the company Almost 10 years later, and just a few hours later, Another executive also announced his resignation.. Sutskever’s position at the ChatGPT developer has been in doubt for the past six months following reports that he played a key role in the attempt to oust CEO Sam Altman last year.
3 things in business
- Peloton may be headed for the fitness fad’s graveyard. Connected fitness companies are struggling. The CEO who joined the company in 2022 will retire. The company recently announced 400 layoffs. Stock prices are near record lows. in short, The road ahead is tough..
- Blue-collar jobs are rapidly increasing. Jobs that don’t require sitting in front of a screen are once again Competitive position in the American labor market. Demand is high and opportunities abound, with companies like Walmart and his UPS offering him six-figure salaries and fancy benefits.
- Big TVs aren’t finished yet. Nielsen says it has introduced a new way to track the attention of media companies, including digital startups. BI’s Peter Kafka analyzes datawhich shows that traditional television companies are still engaging viewers across a variety of platforms.
In other news
What happened today
- Today’s earnings: with Cisco Systems Other companies have also reported.
- Warner Bros. Discovery will host an upfront presentation to announce its 2024-2025 programming lineup.
- Uber hosts a Go/Get product showcase to reveal new products across its platform.
Insider Today Team: Dan DeFrancesco, deputy editor and anchor based in New York. Jordan Parker Erb is an editor based in New York. Hallam Block, senior editor based in London. Reporter George Glover lives in London.