Equities Advance on Fed Pause
Bloomberg Markets: The Close
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Yahoo
2 hours ago
- Yahoo
Chief AI Scientist At Mark Zuckerberg's Meta Says 'No Way' Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI
Meta Platforms, Inc.'s (NASDAQ:META) chief AI scientist, Yann LeCun, says the tech industry won't close the gap to human-level intelligence by scaling today's large language models and piling on more parameters. What Happened: "We are not going to get to human-level AI by just scaling up LLMs. This is just not going to happen. There's no way — absolutely no way," LeCun told host Alex Kantrowitz on the Big Technology podcast in March. He dismissed bullish two-year timelines from "more adventurous colleagues" as "complete BS." Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — In a clip of the podcast which was resurfaced on YouTube last week, LeCun likened current chatbots to "a system with a gigantic memory and retrieval ability, not a system that can invent solutions to new problems," adding that even if the models can answer most routine questions, "it's not a Ph.D. you have next to you." Instead of reasoning, he said, today's systems "pattern-match" the next word. LeCun contends the best path forward is collaborative. According to a report by Business Insider, at the AI Action Summit in Paris, which took place in February, he urged governments to contribute anonymized data to a larger open-source It Matters: LeCun has long doubted that OpenAI will win the race to artificial general intelligence (AGI), a stance he first voiced in December 2023. Last week, he pointed Elon Musk toward a new FAIR study on "Contextual Positional Encoding," telling the xAI founder it could boost Grok and then amplified the paper by sharing Meta researcher Jason Weston's explanatory thread on X. The exchange unfolded amid LeCun's running feud with Musk. After Musk posted xAI job openings on Monday, LeCun quipped that applicants should expect a boss who insists their project "will be solved next year." He later applauded Musk's engineering triumphs in cars, rockets, and satellites while slamming the billionaire's politics, conspiracy theories, and habitual hype. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo Courtesy: Tapati Rinchumrus on Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Chief AI Scientist At Mark Zuckerberg's Meta Says 'No Way' Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
2 hours ago
- Miami Herald
Scott Galloway sends strong message to Elon Musk about Bill Gates
Podcaster and New York University professor Scott Galloway is well-known for his provocative opinions and smart takes on business, finance and government. That fact includes Galloway's unconventional view on how Social Security ought to be run. It also involves some sharply critical words he recently spoke about Tesla CEO Elon Musk. Don't miss the move: Subscribe to TheStreet's free daily newsletter Galloway, who earns $16 million annually, contends that wealthy individuals, including himself, should not receive Social Security benefits. He advocates for means-testing to determine eligibility, ensuring that the program primarily supports those who depend on it for financial security in retirement. He highlights an imbalance in the system, pointing out that an employee at the company he owns, ProfG Media, earning $160,000 annually contributes $9,000 to Social Security, which amounts to 6% of their income. However, because Social Security taxes are capped at $160,000, someone earning millions - such as himself - still pays only $9,000, despite making exponentially more. Related: Scott Galloway warns Americans on 401(k), US economy threat Galloway sees Social Security as a safety net meant to prevent seniors from falling into poverty, rather than a mechanism for transferring wealth from younger generations to retirees who, collectively, are the most financially well-off generation in history. He argues that substantial reforms are necessary to reduce costs significantly. He believes that political leaders have avoided addressing the issue due to the risks involved, noting that older voters have managed to secure increasing financial benefits for themselves. Galloway asserts that this trend must end and that, by his math, approximately one-third of seniors should not be receiving Social Security. Appearing on a YouTube broadcast of Piers Morgan Uncensored, Galloway explained his view that a number of Musk's actions, such as spearheading the shutting down of USAID, were not to be respected. "Somehow we've decided in America that innovation and money replaces - or obviates, or excuses - depravity." Galloway said. "Or cutting off aid to HIV positive mothers, deciding what veterans should get benefits, cutting off SNAP payments, which have shown to have a positive net return when people run out of money for food at the end of the month." "I mean, I think one of the wonderful things about being an American and quite frankly, for me what it means to be a man and what I try to teach my boys, is the whole point of prosperity is such that you can protect people," he added. More on retirement: Dave Ramsey sounds alarm for Americans on Social SecurityScott Galloway warns Americans on 401(k), US economy threatShark Tank's Kevin O'Leary has message on Social Security, 401(k)s Galloway criticized Musk's behavior, arguing that wealth and success should not excuse problematic actions. According to Galloway, when someone publicly makes offensive gestures such as apparent Nazi salutes, is largely absent from their children's lives, or reportedly struggles with substance abuse, it raises serious concerns. He questions whether such a person should be considered an aspirational figure for young men. Galloway urges people to reflect on how money and status can distort public perception, noting that Musk's achievements - whether in aerospace or autonomous vehicles - are remarkable. However, he challenges the idea that these accomplishments justify moral failings, asking whether society should overlook unethical behavior simply because someone is a visionary or the richest person in the world. Related: Dave Ramsey warns Americans on Social Security Galloway discusses Musk's behavior and mentions billionaire Bill Gates as an example of an immensely wealthy person who is putting his money toward philanthropy and making the world a better place. "Does that mean unlike Bill Gates, he's not using his billions to help people?" Galloway asked. "He's not planting trees the shade of which he won't sit under. I think this is an individual who has literally come off the tracks ... and is using his immense power to get people elected." "Too many of us excuse what is abhorrent behavior," Galloway added. "I think his legacy is not going to be an EV or putting rockets into space. I think it's going to be unnecessary death, disease, and disability of the world's most vulnerable. That is not what it means to be an innovator. It's not what it means to be an American. It's not what it means to be a man." Related: Shark Tank's Kevin O'Leary sends strong message on Social Security The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
4 hours ago
- Yahoo
Trump Says Xi to Restart Rare Earth Flows, Sets Date for Talks
(Bloomberg) -- President Donald Trump said his Chinese counterpart Xi Jinping had agreed to restart the flow of rare-earth materials, as negotiators from the two nations prepare to resume trade talks on June 9 in London. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Where Public Transit Systems Are Bouncing Back Around the World US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. The developments come as the world's two largest economies look to resolve a simmering dispute over tariffs and technology that has unnerved markets. Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer are set to meet Monday 'with Representatives of China, with reference to the Trade Deal,' Trump said Friday on social media. 'The meeting should go very well.' Earlier talks between the two countries in Switzerland in May resulted in a tariff truce between Beijing and Washington that set the stage for further discussions on trade. But negotiations between the rivals stalled after the Geneva meeting, with both sides accusing the other of violating the agreement that brought down duties from massive highs. The US expressed concerns over the lack of rare-earth magnets essential for American electric vehicles and defense systems, while China bristled at fresh US restrictions on artificial intelligence chips from Huawei Technologies Co., as well as other advanced technologies and crackdowns on foreign students in the US. Asked Friday if Xi had agreed to restart the flow of rare-earth minerals and magnets, Trump told reporters on Air Force One: 'Yes he did.' China also approved temporary export licenses to critical mineral suppliers to major US automakers, Reuters reported earlier. But questions remain about what Trump conceded to Xi in their call, which the US president had eagerly sought. The Chinese Foreign Ministry in a statement said that Trump told Xi Chinese students are welcome to study in the US, and Trump later said it would be his 'honor' to welcome them. The call between Trump and Xi generated some hope on Wall Street for lower duties between the US and China, although investor optimism was limited, citing the lack of details on key matters and the thorny issues that await negotiators. The inclusion of Lutnick in the new round of talks may signal that Trump is willing to reconsider some of the technology curbs that threaten to hobble China's long-term growth ambitions. Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Sign in to access your portfolio
