close video Elon Musk’s pledge to create ChatGPT alternative has parallels to Twitter buyout: Jessica Melugin
Jessica Melugin of the Competitive Enterprise Institute breaks down Elon Musk’s comments on bias in artificial intelligence, how the expanding industry could impact the economy and FTC’s Lina Khan’s upcoming Capitol Hill testimony.
Instant messaging app Snapchat made a series of announcements regarding the introduction of new artificial intelligence features to all users at its annual Snap Partner Summit.
On Wednesday, the social media app announced its artificial intelligence chatbot will now be able to respond to users' messages with fully AI-generated images.
"With more people using AR every day, our team has been pushing the boundaries of how AR experiences are created," Snap Inc. said in a press release. "Through advancements in machine learning, AR can be created incredibly fast, look more realistic than ever before, and unleash exciting creative possibilities for our community."
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In this photo illustration, a womans silhouette holds a smartphone with the Snapchat logo displayed on the screen and in the background. (Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images)
Now free to all users, Snap's chatbot, called My AI was first only available for Snapchat+ users, a subscription service which costs users $3.99/month.
My AI was built using startup OpenAI's ChatGPT technology.
Evan Spiegel, founder and CEO of Snapchat, speaks at the 2023 Snap Partner Summit at the Barker Hangar in Santa Monica, California, on April 19, 2023 where the focus was on immersive augmented reality experiences and tech for people attending music c (FREDERIC J. BROWN/AFP via Getty Images / Getty Images)
My AI can now be added to group chats by mentioning it with an @ symbol, and Snap will let people change the look and name of their bot with a custom avatar.
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In addition, My AI can now recommend filters to use in Snapchat’s camera or places to visit from the app’s map location service.
The social media app shared that the new photo features will make Snapchat "feel like the most personal camera in the world."
The Snapchat messaging application is seen on a phone screen August 3, 2017. (REUTERS/Thomas White/File Photo / Reuters)
Generative AI has captured the tech industry's focus in recent months and can generate original text or photos in response to prompts.
As AI chatbots have grown, so have concerns about whether AI could plagiarize published works, provide inaccurate information or return harmful responses to queries.
Snapchat Inc. assured consumers that they have added safely guidelines within the app, including temporarily restricting a user's access to the chatbot if they repeatedly ask it inappropriate or harmful questions.
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Snap analyzes conversations with My AI and has found that 99.5% of the chatbot's responses adhere to Snapchat's community guidelines, according to the press release.
Canada’s new prime minister, Mark Carney, once said recreating a virtual global gold standard like Bitcoin “would be a criminal act of monetary amnesia.”
AVONDALE, Ariz. — Christopher Bell became the first NASCAR Cup Series driver to win three straight races in the NextGen car, holding off Joe Gibbs Racing teammate Denny Hamlin by 0.049 seconds to win the second-closest race in Phoenix Raceway history Sunday.
Bell started 11th in the 312-mile race after winning at Atlanta and Circuit of America the previous two weeks. The JGR driver took the lead out of the pits on a caution and stayed out front on two late restarts to become the first driver to win three straight races since Kyle Larson in 2021.
The second restart led to some tense moments between Bell and Hamlin — enough to make their team owner feel a bit queasy.
“I was ready to upchuck,” JGR Racing owner Joe Gibbs said.
Bell became the fourth driver in Cup Series history to win three times in the first four races — and the first since Kevin Harvick in 2018. The last Cup Series driver to win four straight races was Jimmie Johnson in 2007.
“We’ve had four races this year, put ourselves in position in all four and managed to win three, which is a pretty remarkable batting average — something that will be hard to maintain, I believe,” Bell’s crew chief Adam Stevens said.
The Phoenix race was the first since Richmond last year to give teams two sets of option tires. The option red tires have much better grip, but start to fall off after about 35 laps, creating an added strategic element.
A handful of racers went to the red tires early — Joey Logano and Ryan Preece among them — and it paid off with runs to the lead before they fell back.
Bell was among those who had a set of red tires left for the final stretch and used it to his advantage, pulling away from Hamlin on a restart with 17 laps left.
Hamlin pulled alongside Bell over the final two laps after the last restart and the two bumped a couple of times before rounding into the final two turns. Bell barely stayed ahead of Hamlin, crossing the checkered flag with a wobble for his 12th career Cup Series win. He led 105 laps.
“It worked out about as opposite as I could have drawn it up in my head,” Bell said. “But the races that are contested like that, looking back, are the ones that mean the most to you.”
Said Hamlin: “I kind of had position on the 20, but I knew he was going to ship it in there. We just kind of ran out of race track there.”
Katherine Legge, who became the first woman to race on the Cup Series since Danica Patrick at the Daytona 500 seven years ago, didn’t get off to a great start and finished 30th.
Fighting a tight car, Legge got loose coming out of Turn 2 and spun her No. 78 Chevrolet, forcing her to make a pit stop. She dropped to the back of the field and had a hard time making up ground before bumping another car and spinning again on Lap 215, taking out Daniel Suarez with her.
“We made some changes to the car overnight and they were awful,” Legge said. “I was just hanging on to it.”
Logano, who started on the front row in his first race at Phoenix Raceway since capturing his third Cup Series at the track last fall, fell to the back of the field after a mistake on an early restart.
Trying to get a jump on Byron, Logano barely dipped his No. 22 Ford below the yellow line at the start/finish. NASCAR officials reviewed the restart and forced the Team Penske driver to take a pass through on pit road as the entire field passed him on the track.
“No way,” Logano said on his radio. “That’s freakin’ ridiculous.”
Logano twice surged to the lead after switching to the red tires, but started falling back on the primary tires following a restart. He finished 13th.
Preece took an early gamble by going to the red option tires and it paid off with a run from 33rd to third. The RFK Racing driver dropped back as the tires wore off, but went red again following a caution with about 90 laps left and surged into the lead.
Preece went back to the primary tires with 42 laps to go and started dropping back, finishing 15th.
The series heads to Las Vegas Motor Speedway next weekend.
Bitcoin fell on Monday as volatility in the price of the world’s largest cryptocurrency continues following an executive order signed by President Donald Trump to create a strategic bitcoin reserve for the United States.
Bitcoin was trading at $81,712, down over 5% but off earlier lows, at 9:42 a.m. Singapore time, according to Coin Metrics.
The reserve will be funded by coins that have been seized in criminal and civil forfeiture cases and there are no plans for the U.S. government to buy more bitcoin. After the strategic reserve announcement last Thursday, crypto prices declined as investors were disappointed it wasn’t a more aggressive program.
Other cryptocurrency prices also dropped on Monday. Both ether and XRP were down about 7.5% at around 9:43 a.m. Singapore time.
Some investors, however, said the move to establish a reserve was bullish in the long-term.
“I absolutely think the market has this wrong,” Matt Hougan, chief investment officer at Bitwise Asset Management, told CNBC’s “Squawk Box Asia” on Monday. “The market is short-term disappointed” that the government didn’t say it was immediately going to start acquiring 100,000 or 200,000 bitcoin, he added.
Hougan pointed towards comments on X from White House Crypto and AI Czar David Sacks, who said the U.S. would look for “budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.”
“I think the right question to ask is: did this executive order make it more likely that in the future, bitcoin will be a geopolitically important currency or asset? Will other governments look to follow the U.S.’s lead and build their own strategic reserve? And to me, the answer to that is emphatically yes,” Hougan said.
“The reason that questions matters is that’s the question that determines if bitcoin is $80,000 a coin or $1 million a coin.”
Hougan called the decline in crypto prices a “short-term setback.”
“I think the market will soon find its footing and realize that actually this is incredibly bullish long term for this asset and for crypto as a whole,” he said.
