Google on Wednesday infused its Bard chatbot with a new-generation artificial intelligence model called Gemini, which it touts as being able to reason better than ChatGPT and other rivals.
The search engine juggernaut is aiming to take the generative AI lead from ChatGPT-maker OpenAI as that company deals with the aftermath of a boardroom coup that saw chief executive Sam Altman fired and then rehired within a matter of days.
Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT and teamed up with Microsoft to make its capabilities available to users worldwide.
“This is incredible momentum, and yet, we’re only beginning to scratch the surface of what’s possible,” Google chief executive Sundar Pichai said in a release.
“This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company.”
It is the first AI model to outperform human experts in certain benchmarks involving problem solving, math, physics, history, law, medicine and ethics, Google DeepMind vice president of product Eli Collins said during a briefing.
A demonstration showed Gemini recognizing what it was shown, from a person acting out a “Matrix” movie scene to someone drawing a duck and then holding up a rubber duck.
Gemini commented on what it was shown, making comparisons, drawing conclusions, and offering suggestions.
Performance of an “Ultra” version of Gemini “far exceeds” that of other state-of-the-art models in 30 benchmark tests measuring capabilities such as image understanding or mathematical reasoning, according to Collins.
A “Pro” version of Gemini built into Bard is designed to handle a wide range of tasks. A “Nano” version is tailored for smartphones, coming first to Google’s top-of-the-line Pixel 8 handset.
Google raced out its own Bard chatbot earlier this year, continually updating the chatbot based on people’s feedback, according to Bard vice president Sissie Hsiao.
“All of that rapid innovation is bringing us to what we see as a truly transformative moment,” Hsiao said during the briefing.
“With Gemini, Bard is getting its biggest upgrade yet.”
– AI collaborator –
Bard will use Gemini for more advanced reasoning, planning, and understanding capabilities, a demonstration showed.
It will be available in English in more than 170 countries and territories, with more languages added soon, according to Hsiao.
Gemini-infused Bard will be expanded to be “multi-modal,” meaning it will be able to work with auditory and visual input as well as text prompts, executives said.
“With Gemini we are one step closer to our vision of bringing you the best AI collaborator in the world,” Hsiao said.
Gemini ramps up the quality of Bard’s performance, whether in writing poetry or computer code to shopping queries or research projects, according to Hsiao.
The “Ultra” version of Gemini designed to handle highly complex tasks will be released early next year, Google said.
“I’m in awe of what it’s capable of,” Collins said of Gemini.
“This is the start of a new era for us at Google as we continue to rapidly innovate and advance the model’s capabilities.”
Google in September integrated Gmail, YouTube and other tools into its Bard chatbot as tech giants seek to persuade users that generative AI is useful and not dangerous or just a fad.
Those capabilities closely match offerings from Microsoft that infuse its Office 365 apps with AI powers, though those come at an extra cost to customers and are not available through the chatbot on its search engine Bing.
The staying power of generative AI chatbots, once the initial excitement has faded, is yet to be confirmed.
Moreover, integration of the OpenAI-based chatbot into Microsoft’s search engine earlier this year failed to make an impact on Google’s overwhelming dominance of search.
Governments and tech companies however insist that generative AI is technology’s next big chapter and have ramped up spending on new products, research, and infrastructure.
WTO ministers struggle to forge fish, farm, digital deals
World trade ministers were locked in disagreement on fisheries subsidies, agriculture and digital customs duties as a major WTO conference entered its last scheduled day on Thursday.
With no signs of a breakthrough at the World Trade Organization’s 13th ministerial conference (MC13) in Abu Dhabi, officials pushed back to midnight its formal closing session, initially scheduled for 8:00 pm (1600 GMT).
The meeting in the capital of the United Arab Emirates opened on Monday with disagreements between the body’s 164 member states on key issues that dominated the agenda of the talks.
They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.
“Everybody is working with a very positive outlook… to try to see what’s the maximum we can get done,” Indian trade minister Piyush Goyal told journalists.
“I am very confident… we will come out with significant outcomes, particularly when it refers to areas of very deep concern to large numbers” of developing countries, he added.
– Fisheries deal ‘difficult’ –
Delegates sought trade-offs as part of a potential package deal that could allow for greater agreement, as was the case during the 2022 ministerial meeting in Geneva.
A new deal on fisheries was initially viewed as the most likely outcome of the MC13 talks.
But Goyal on Thursday said: “It is very difficult to get a resolution.”
After a 2022 deal which banned subsidies contributing to illegal, undeclared and unregulated fishing, the WTO hopes to conclude a second package focusing on subsidies which result in overcapacity and overfishing.
A draft text that was meant to be circulated on Wednesday is still facing delays, said a source close to the negotiations who spoke on the condition of anonymity.
The overall negotiations “are a bit like a rollercoaster,” the source said.
– E-commerce regulations –
Another sticking point is over the extension of an e-commerce moratorium, which EU trade commissioner Valdis Dombrovskis on Thursday called “vital” to economic growth.
Since 1998, WTO members have agreed not to impose customs duties on electronic transactions.
The moratorium has been extended at most ministerial meetings since then, but objections by India and South Africa are now throwing it into jeopardy.
When asked if India would compromise on an extension, Goyal said: “Let’s see what the others are budging on.”
He warned, however, that an extension can’t be “taken for granted.”
On food security, Goyal said he was “confident” progress could be made on permanent rules governing public stockholding of food reserves — a key demand of India.
A “solution can be achieved,” Goyal said.
Big questions remain over how the outcome will address the issue of dispute settlement reform — a main point of contention between the United States and India.
Washington, under former President Donald Trump, brought the dispute settlement system to a grinding halt in 2019 by blocking the appointment of new judges to the WTO’s appeals court, its highest dispute settlement authority.
During the last WTO ministerial in 2022, member states reached a commitment to having a fully and well-functioning dispute settlement system in place by 2024.
“What we’re going to see, I think, is a quite succinct (MC13) declaration which is… not going to sort out the substance,” said a Western diplomatic source who asked not to be named.
“It will recognize the progress we have made and that there is more work to be done, and that we have committed ourselves to get… the system up and running in the course of this year.”
Universal-TikTok feud ramps up as more songs come down
Universal Music Group has lambasted TikTok’s approach to AI as the feud between the two companies over song royalties escalates and popular music is expunged from the social media platform.
Earlier this month music including by Taylor Swift, The Weeknd and The Beatles left TikTok, after a breakdown in negotiations with Universal over renewing their licensing agreement, which expired January 31.
Then this week TikTok began stripping music from all artists connected to Universal’s vast publishing catalog, per the multinational music company’s requirement, with all songs written by Universal Music Publishing Group’s songwriters subject to removal.
That affects any artist who may have a publishing deal with the label — examples include Harry Styles and SZA — even if they aren’t signed under the UMG recording umbrella.
“We are in the process of carrying out Universal Music Group’s requirement to remove all songs that have been written (or co-written) by a songwriter signed to Universal Music Publishing Group, based on information they have provided,” said TikTok in a statement.
Universal fired back late Thursday in an open statement to its songwriters, saying TikTok has “not agreed to recognize the fair value of your songs.”
Along with royalties, Universal said TikTok is “refusing to respond to our concerns about AI depriving songwriters from fair compensation, or provide assurances that they will not train their AI models on your songs.”
“Every indication is that they simply do not value your music.”
Universal’s publishing arm is the second largest of its kind worldwide, meaning the feud’s impact is far-reaching.
A piece of music has two copyrights: one for the recording itself, governed by a label, and another for lyrics and composition, managed by a publisher.
That means when it comes to the Universal-TikTok battle, a record from another company like Sony or Warner could come down if a Universal writer worked on the song.
The fallout from the stalemate has triggered concern among songwriters, producers and others in the industry who rely on TikTok as a promotional tool, especially for emerging artists who increasingly count on it for exposure in the industry.
“We understand the disruption is difficult for some of you and your careers, and we are sensitive to how this may affect you around the world,” Universal continued in its statement. “We recognize that this might be uncomfortable at the moment.”
“But it is critical for the sustained future value, safety and health of the entire music ecosystem, including all music fans.”
Owned by Chinese company ByteDance, TikTok is one of the most popular social media platforms globally, with more than one billion users.
TikTok previously had accused Universal of putting “greed” above artists’ interests, while Universal has said TikTok is “trying to build a music-based business, without paying fair value for the music.”
Riding high on AI, Nvidia is no bubble, says Wall Street
The emergence of AI bots like OpenAI’s ChatGPT and Google’s Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world’s fourth biggest company by market capitalization.
And for Wall Street, it’s no bubble.
Between the launch of ChatGPT on November 30, 2022, for example, and the market close on February 23, Nvidia’s share price increased fivefold, lifted to investor heaven by an insatiable hunger for so-called generative artificial intelligence.
That day Nvidia also crossed the symbolic valuation of $2 trillion, a threshold only reached by Microsoft, Apple and oil giant Saudi Aramco.
The journey has been nothing but mind boggling for a company that doesn’t even rank among the world’s top 150 firms in terms of sales, and barely in the top 1,000 in terms of employees.
On paper, this hot streak is reminiscent of the dot-com bubble, which saw the share price of fiber networking giant Cisco rise eightfold in 18 months, to the point of becoming, for a few minutes, the world’s most valuable company in terms of market capitalization in March 2000, before the tech bubble burst.
“In AI, there might be some names out there that might be getting a bit ahead of their skis from a valuation perspective, and those stories are going to work themselves out over time,” CFRA analyst Angelo Zino told AFP.
“But on the Nvidia side of things, it’s more fundamentally driven,” he said, without the “type of hype you had previously.”
Unlike the frothy days before the bubble popped in 2000, Nvidia’s actual annual net income (up an eye-popping 581 percent year-on-year) is on par with the stock price, said Larry Tentarelli of Blue Chip Daily Trend Report, a research firm.
For analysts at Wedbush Securities, the relevant parallel is not with 2000 and the end of the dot-com bubble, but rather with 1995, when the dot-com boom began.
– ‘Years ahead’ –
Despite appearances, Nvidia’s success is not out of the blue, but rather years in the making.
At the root of this 30-year-old company’s success are graphics processors or graphics cards, known as GPUs (graphics processing units) — chips with far greater computing capacity than conventional microprocessors (CPUs).
Initially developed to improve the graphics quality of video games, the company run by Jensen Huang figured out the technology was perfectly suited for developing the large language models (LLMs) that underpin generative AI interfaces such as ChatGPT.
Despite initial skepticism from Wall Street, Nvidia went down that road, years before programs like ChatGPT exploded onto the scene.
Now Nvidia’s rivals have set off in pursuit, and several of them, notably AMD and Intel, are already marketing their own AI-oriented GPUs, while Apple, Microsoft and Amazon have also developed chips with AI in mind.
But Nvidia “is years ahead” of its competitors, explained Tentarelli.
“The only real risk for Nvidia is if for some reason they run into some unexpected delay… if they can’t produce enough of these GPUs,” he said.
Unlike its rivals Intel, Micron and Texas Instruments, Nvidia, like AMD, does not manufacture its own semiconductors, but uses subcontractors, mainly the Taiwan Semiconductor Manufacturing Co.
Given the geopolitical concerns with Taiwan and China, this could be a potential weak spot, but Tentarelli attributes only a very low probability to a crisis.
– Beat Apple? –
For the time being, Zino argues, Nvidia’s business model, with no production site, is more of a strength than a weakness, as it enables it to generate higher margins and adjust its volumes more easily to demand.
When they scan the horizon, investors see no sign of a slowdown in demand for AI equipment.
For Wedbush securities, “the AI Revolution starts with Nvidia and in our view the AI party… is just getting started.”
Analysts are expecting, on average, earnings to almost double again this year compared with 2023.
“Nvidia could definitely pass Apple in 20 or 24 months and maybe sooner if it stays at the growth rate that the industry is expecting,” Tantarelli said.
As for Microsoft, the other member of the $2 trillion market cap club?
That’s a taller order, as Microsoft “is also doing a very good job” in AI, Tantarelli said.
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