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.
Roundhill Investments is investing in the metaverse, and it wants consumers to as well. The firm launched a metaverse exchange-trade fund called Meta back in June - the first ETF in the U.S. targeting investments in the next era of the internet. The fund's launch came months before the company formerly known as Facebook changed its name to Meta Platforms. Since the launch of Roundhill Investments' Meta ETF, it has grown significantly, reaching $500 million in assets. Roundhill Investments Vice President Mario Stefanidis joined Cheddar News to discuss.
A group of crypto investors has come together to raise millions of dollars in the hopes of owning a rare piece of the U.S. Constitution. According to the crypto group, "Constitution DAO" It is time to put the constitution in the hands of the people. CEO and Founder of Metaversal Yossi Hasson, joined Cheddar to discuss more.
Over the weekend, Russia fired a missile at one of its own satellites, triggering an explosion that launched thousands of pieces of shrapnel through space and forced the astronauts aboard the International Space Station to shelter in place. Senior Writer from Space.com Chelsea 'Foxanne' Gohd, joined Cheddar to discuss more.
Twitter announced a partnership with S&P Dow Jones Indices on Thursday to build the S&P 500 Sentiment Index for monitoring the performance of 200 S&P members based on tweets with company $cashtags. Jared Podnos, strategic market development lead at Twitter, and Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices, joined Cheddar to provide some background on the partnership and to explain exactly how monitoring companies through public opinion will work. "[The S&P] taps into this conversation. They understand the real-time conversation as well as the historical trends, and then we can analyze that and understand the consumer sentiment and really build these innovative products around that conversation," Podnos added.
Cognitive healthcare platform BrainCheck recently raised $10 million in a Series B round. The platform offers neurologists a new way to detect and care for brain disorders like Alzeheimer's, and brain injuries like concussions. BrainCheck CEO Yael Katz joined Cheddar News' Closing Bell to discuss.
Jean-Denis Mariani, the chief digital officer at COTY, the parent company for major brands like Bottega Veneta, Burberry, and Kylie Skin, joined Cheddar to talk about the impact of the pandemic on the beauty industry and the rapid shift to e-commerce sales. "There is no digital strategy anymore, only strategy in a digital world," he said. Mariani also talked about personalized makeup selection for consumers as the beauty sector begins to incorporate technology like artificial intelligence.
Amid an ongoing global semiconductor chip shortage, American automaker Ford has decided to open up supply chains of its own. Karl Brauer, an executive analyst at iSeeCars.com, joined Cheddar to discuss Ford's new partnership with multinational semiconductor maker GlobalFoundries to build those chips domestically. Brauer praised Ford for the move both for ongoing supply woes and the future of automobile manufacturing. "It's not just the supply chain," he said. "It's not just about getting chips, but maybe getting chips that are more customized and specific to your needs."
Gerald Johnson, Executive VP, Global Manufacturing and Sustainability at General Motors, joins Cheddar News to break down what Factory ZERO signifies for GM's all-electric future and why the auto manufacturer will be a leader in the growing EV industry.
Airlines are gearing up for a busy winter season as they continue to rebound from the pandemic. But jet fuel prices combined with the ongoing labor shortage could put a damper on those holiday gains. Christian Vernet, president of La Compagnie, the only all business class airline in the world, joined Cheddar for an update on the state of the airline industry and how it's dealing with the surge in demand after the U.S. reopened its border to international visitors.