If you wanted to previously find an image that perfectly matched what you saw in your head online, you had to type in a wordy search inquiry. You’d hit send and hope you find the perfect match from the billions of images out there.
Now, that mental snapshot can be crafted in seconds by artificial intelligence and sometimes it’s even better than you could imagine.
“We want to solve a big problem that everyone has, which is roughly half of the searches today are going unanswered,” said Yusuf Mehdi, Microsoft’s consumer chief marketing officer. “But with A.I., we can now start to answer more and more of those questions.”
Microsoft invested $10 billion in Open A.I., the artificial intelligence research laboratory responsible for text-based ChatGPT and image generator DALL-E. It recently combined its powers with its search engine Bing. Not only will it store the searches, it will use third-party apps like Open Table and the breadth of the internet to give you simplified answers. Think of it as the modern version of Ask Jeeves, but it actually works, Mehdi said.
“You can just talk to it like an everyday person, and the A.I. does all the work and comes back with simple answers,” he explained.
When you describe something to Bing through its chat function and ask for an image, it will generate it for you using DALL-E technology in seconds -- even if it’s something that never existed like Baby Yoda sharing a drink with Boba Fett in Mos Eisley.
Or you can ask Bing to come up with reference images to give to a contractor. Mehdi recently queried for pictures of a mid-Century modern-style bar to serve as inspiration for an upcoming house remodeling project.
“It's going to make people in their current jobs that much more productive, that much more effective, than we're seeing that today,” Mehdi said. “Second, it’s going to create a new set of jobs where people can learn how to take advantage of the A.I.”
If what you need can only be described in words, Bing and ChatGPT combine together to give you answers with context. Instead of having to research individual items and draw your own conclusions, it will compile the results for you. It can be especially useful when it comes to travel.
“Travel planning takes multiple weeks, people taking lots of notes, lots of tabs, having to compile it together,” he said. “What you can see here is in one chat session, you can literally just ask multiple questions like we were saying, “Hey, give me a day-by-day itinerary. Tell me about the festivals. What should I wear? What should I know about the customs of coming in?”
At the end of the day, it will save us time.
“We're automating the mundane tasks, the things you don't want us to do so it frees you up to do the really interesting work,” Mehdi said.
Stocks closed at session lows Wednesday as investors grew skittish over the first reported case of the COVID-19 omicron variant in California. Josh Sailar, Partner at Blue Zone Wealth Advisors, joins Cheddar News' Closing Bell to discuss investor worry over the new variant, the Fed dropping the word 'transitory' to describe inflation and potentially speeding up their asset tapering timeline, 2022 predictions, and more.
The Robin Hood Foundation is New York City's largest poverty-fighting organization. For more than 30 years, Robin Hood has built and fueled non-profits across all five boroughs. CEO Richard Buery joined Cheddar News' Closing Bell ahead of his ringing the closing bell at the New York Stock Exchange and later, lighting of the NYSE Christmas tree.
Creator commerce platform LTK raised $300 million in a recent funding round, now valuing the company at $2 billion. LTK is the world's largest influencer marketing platform and is known for helping to pioneer the so-called 'creator economy.' The company helps content creators make money off of their social media posts by hosting them on one central marketplace. LTK says more than $3 million in products are bought each year on its website and app. Now, the company is looking to continue its growth. LTK co-founder and president Amber Venz Box joins Cheddar News' Closing Bell to discuss.
Microsoft recently announced the standalone Teams Essentials as businesses continue to update their practices for the new norm of hybrid work life. Jared Spataro, corporate VP at Microsoft Modern Work, joined Cheddar to talk about solutions the tech giant has rolled out in order to help underserved small and medium-sized companies continue operations seamlessly. "We're excited about the opportunity to serve their needs better, and that, in particular, is focused on their meeting and communication needs," he said. "We start with Teams, which has been a wildly successful product for us up in the enterprise space, and now we have created a form of Teams that is particularly suited for small businesses."
No matter what you're in the market for this holiday season, there is one way that you can put some cash back in your pocket and stretch your gift budget a little bit further this year. With Lolli, for every gift you buy for someone else, you get the gift of free bitcoin back. CEO of Lolli, Alex Adelman, joins Cheddar News.
Iwao Fusillo, Chief Data & Analytics Officer, GM, joins Cheddar News to dispel myths and cut straight to the facts about GM's role in an all-electric future.
Over the Thanksgiving holiday, Elon Musk warned SpaceX employees in a leaked email that the company could be forced to file Chapter 11 bankruptcy if its raptor engine program fails. Musk then commented on the previous statement adding the detail that a recession could make such a bankruptcy possible.
Goldman Sachs is rolling out an Amazon Web Service for trading firms called GS Financial Cloud for Data with Amazon Web Services. The move comes as Wall Street looks to keep up with today's evolving tech.
Online ad-tech company Innovid made its public debut on the New York Stock Exchange. CEO and co-founders Zvika Netter joined Cheddar's "Opening Bell" to discuss factors that drove the company to launch an IPO via a SPAC deal. He noted that the rapid growth of connected TV advertising (CTV) made it an opportune time for his business to go public. While the company is profitable, Netter also explained the various avenues it will take to increase total revenue.
