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Rani Molla

OpenAI's real target isn't search engines; it's personal assistants

Today, OpenAI announced GPT-4o, a faster, freer model that "can reason across audio, vision, and text in real time.” In other words, you can talk to it and show it stuff and it will respond in kind. Supposedly!

While some text and image capabilities are launching today, the rest will be “rolled out iteratively.” Its demos are cool — it can describe what’s happening in a room, from what a person is wearing to the lighting or help you order a replacement iPhone — but limited.

There had been lots of speculation as to what exactly OpenAI was going to debut this week, including that the ChatGPT maker was going to launch a rival Google search engine. But this appears to be a play for a Google Assistant killer rather than a Google Search killer. (The Information had previously reported that OpenAI was developing a voice assistant.)

It’s what Meta’s Ray-Ban smart glasses and Rabbit r1 (which may basically just be an Android app) are going for but haven’t quite reached. As we’ve reported, voice assistants have seemingly stagnated as Big Tech companies try to transition them from natural language processing to generative AI capabilities.

It’s tempting to think this could be the holy grail when it comes to human interactions with computers — something that’s easy and intuitive. But that’s only if actually it works. We’ll see.

There had been lots of speculation as to what exactly OpenAI was going to debut this week, including that the ChatGPT maker was going to launch a rival Google search engine. But this appears to be a play for a Google Assistant killer rather than a Google Search killer. (The Information had previously reported that OpenAI was developing a voice assistant.)

It’s what Meta’s Ray-Ban smart glasses and Rabbit r1 (which may basically just be an Android app) are going for but haven’t quite reached. As we’ve reported, voice assistants have seemingly stagnated as Big Tech companies try to transition them from natural language processing to generative AI capabilities.

It’s tempting to think this could be the holy grail when it comes to human interactions with computers — something that’s easy and intuitive. But that’s only if actually it works. We’ll see.

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#10

Tesla just recalled its beleaguered Cybertruck for the 10th time since the vehicle was introduced two years ago. This time the company recalled about 6,000 of the “apocalypse-proof” vehicles due to what the National Highway Traffic Safety Administration says is an improperly installed “optional off-road light bar accessory” that could become disconnected from the windshield while driving, and could “create a road hazard for following motorists and increase their risk of a collision.”

CEO Elon Musk once said he could sell up to 500,000 of the stainless steel behemoths a year. In the first three quarters of this year, the company has sold only about 16,000.

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Analysts lower Meta price targets after social media giant says AI capex will keep climbing

Meta may have posted record revenue Wednesday but the stock is deeply in the red in the wake of its third-quarter earnings report, after the social media company said that its capital expenditure on AI would continue to rise.

The earnings prompted a number of analysts to lower their price targets or downgrade the stock.

RBC Capital lowered its price target to $810 from $840. Bank of America Securities lowered its price target to $810 from $900. Barclays, JPMorgan, Deutsche Bank, and Wells Fargo also lowered their price targets on the company.

Earlier today, Benchmark downgraded its rating to a “hold” from a “buy.” Oppenheimer downgraded the company to “perform” from “outperform,” saying the “significant investment in Superintelligence despite unknown revenue opportunity mirrors 2021/2022 Metaverse spending.” Ouch.

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