Google Street View Gives a Glimpse into Power of A.I.
The power of A.I. can reach deeper than just recommending which show to binge on Netflix. It can also be used to analyze millions of images to predict things like income, political leanings, and buying habits. Steve Lohr, Technology and Economics Reporter at The New York Times, joined us to discuss artificial intelligence's full potential when it comes to predictive analytics.
Lohr's recent piece in The New York Times highlights a Stanford study that used 50 million images from Google Street View to give a glimpse of A.I.'s ability to gather data. He explains that researchers identified 22 million cars to draw conclusions about information such as which political candidate a particular zip code favored. The project took just 2 weeks to classify all the cars. In his piece, Lohr points out that without the help of AI, it would take human experts over 15 years to accomplish that task.
This type of data collection raises concerns over privacy and issues of data access. He says most of predictive analysis has been used for commercial purposes and selling products. The use of data becomes scary when it becomes integrated into decisions such as hiring, he says, because the mistakes become more costly.
Just this week, Facebook's parent company Meta released an update for its 3D avatar creation on Facebook and messenger. This update is encouraging users of Instagram to create their virtual selves, and it is an early step towards making the metaverse vision a reality. David Ewalt, editor-in-chief at Gizmodo joins Cheddar News to discuss.
Ed Butowsky, managing partner at Chapwood Investments, joined Wake Up With Cheddar to break down the disappointing takeaways from Spotify's Q4 earnings report, which sent the stock plunging.
Google parent company Alphabet saw yet another successful quarter reporting its final earnings report for 2021 on Tuesday. The tech giant beat Wall Street expectations across the board with much of that success owed to not only the growth of its cloud business, but also its multi-platform advertising. Joanna O'Connell, Principal Analyst at Forrester explains why advertising may be one of the keys to Alphabet’s future success.
Solid-state battery maker Factorial Energy recently raised $200 million in a Series D round led by Mercedes-Benz and Stellantis. Factorial says the funding will be used to accelerate commercial production and deployment of its solid-state battery technology, which the company says is safer, and offers up to 50% more driving range than current lithium-ion technology. Factorial also has joint development agreements (announced in late 2021) with Mercedes-Benz, Stellantis, and Hyundai, three of the top 10 global automotive manufacturers, to commercialize its batteries. Factorial CEO Siyu Huang joined Cheddar News' Closing Bell to discuss.
Google's parent company Alphabet reported blockbuster fourth quarter earnings, boosted by better-than-expected Google ad revenue and Google Cloud revenue. The results sent Alphabet's stock soaring, and the company could come close to hitting a $2 trillion market valuation similar to other tech giants Apple and Microsoft. The company also announced a 20-for-1 stock split, which would make shares more accessible to would-be investors. Mark Lehmann, CEO at JMP Securities, a Citizens Company, joins Closing Bell to discuss Alphabet's earnings report, whether the company will reach a $2 trillion market cap, its stock split, and more.
David Malott, founder and chief architect at AI PlanetWorks joins Cheddar News to discuss the release of its augmented reality NFTs for the metaverse called 'TERA.'
