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The Morning Download: Europe joins U.S. in Antitrust Attack on Google's Ad Business; AI vs. Nurses
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Good morning, CIOs. Europe’s top antitrust regulator said Wednesday that it might seek the breakup of Google’s ad-tech business, the Journal’s Sam Schechner and Kim Mackrael report.
The European Commission, the European Union’s antitrust regulator, accused Google of abusing its dominant role in the buying and selling of online ads to drive business and give other advantages to its own advertising auction house, known as an ad exchange. The commission said its preliminary view is that Google must sell off parts of its ad-tech business to resolve the “inherent conflicts of interest” in the company’s role in the plumbing of digital advertising.
EU joins U.S. antitrust assault. The European complaint Wednesday comes several months after the U.S. Justice Department filed a lawsuit accusing Google of abusing monopoly power in digital-ad brokering. The duel moves set up a battle that could shake up the broader business of buying and selling ads across websites and apps, says the WSJ. Read the story.
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Content from our Sponsor: DELOITTE
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From InfoTech to xTech: 6 Disciplines on the Business Frontier
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Historically, “technology” has served as shorthand for information technology. But an extended set of technologies—or xTech—is on the horizon. Keep Reading ›
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Melissa Beebe has been an oncology nurse for 15 years at UC Davis Medical Center. “I feel moral distress when I know the right thing to do and I can’t do it,“ she said.
PHOTO: ANDRI TAMBUNAN FOR THE WALL STREET JOURNAL
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Who makes the call in a health crisis: the human or the machine? Artificial intelligence across medicine is making extraordinary advances, from improving diagnosis of heart conditions to predicting protein structures. But it is not perfect. As The Wall Street Journal's Lisa Bannon reports, tools can be flawed and are sometimes implemented without adequate training or flexibility. In a
hospital setting, this can put patient care at risk.
Whether a nurse is confident enough to trust her own judgment to override an algorithm often depends on hospital policy. Clinicians who are penalized for making a wrong decision may start deferring to the computer, nurses say.
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Some clinicians say they feel pressure from hospital administration to defer to the algorithm. In a survey of 1,042 registered nurses published this month by National Nurses United, 24% of respondents said they had been prompted by a clinical algorithm to make choices they believed “were not in the best interest of patients based on their clinical judgment and scope of practice” about issues such as patient care and staffing.” Of those, 17% said they were permitted to override the decision, while 31% weren’t allowed and 34% said they needed doctor or supervisor’s permission.
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No product, no staff, no problem. Paris-based Mistral AI raised a $113.5 million seed round this week just one month after the company was launched, Fortune reports. Founded by alums of Google DeepMind and Meta Platforms, the company currently has 12 employees, no products and a plan to launch an open source large language model in early 2024.
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LISTEN | The awkward partnership between Microsoft and OpenAI. The partnership between Microsoft and OpenAI is helping to lead the boom in AI. But the pair doesn’t always have an easy relationship. WSJ reporter Tom Dotan explains how this unconventional tie-up can cause conflicts.
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McKinsey: Generative AI set to add $4.4 trillion to global economy annually. The report issued Wednesday highlights AI’s potential to augment individual work by “automating some of their individual activities.” The report predicted that half of all work will be automatic between 2030 and 2060, according to the New York Times.
Fitter… happier … more productive, etc. A workforce survey conducted by CNBC and SurveyMonkey finds workers who say that AI is necessary for their jobs experience higher levels of workplace happiness than their peers who don’t use AI at all. They are also more likely to say that their work is more meaningful and they are very well paid.
Machine language. Doctors are turning to ChatGPT for help in communicating with their patients. The New York Times reports that user find the AI-enabled response to a medical question “more genuine” and empathetic than their own personal responses to patient queries.
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Developers ok with using AI: Survey. A survey of developers by online community Stack Overflow found general support for using AI coding tools, although not without some caution. Among 90,000 respondents, some 70% said they were already using or planning to use AI coding deals this year. But developers were split on trusting the results. Around 42% said they highly trust or somewhat trust the tools. Thirty-one percent were neutral while 22% said they somewhat distrust them.
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CEOs say AI could destroy the world. A Yale CEO Summit survey this week found 42% agreeing that AI has the potential to destroy humanity within 10 years, CNN reports. “It’s pretty dark and alarming,” says Yale professor Jeffrey Sonnenfeld, whose Chief Executive Leadership Institute hosted the gathering of CEOs from some of the biggest companies in the world.
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HPE taps Rom Kosla as CEO. Kosla joins Hewlett Packard Enterprise from supermarket operator Ahold Delhaize USA where he was chief information officer. Earlier this year he talked with CIO Journal about the effort to upgrade the bandwidth in physical stores to power new digital initiatives.
Video ads coming to Uber apps. Video ads will run on the primary Uber app while users wait for their drivers to arrive and during their trips, Mark Grether, vice president and general manager of Uber Technologies’ advertising division, tells the WSJ. They will also appear on tablets installed inside certain Uber cars. Uber will debut its video ad products this week across the U.S. before expanding to markets including the U.K., France and Australia later this year, said Grether.
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Everything Else You Need to Know
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China’s central bank cut another key interest rate after a batch of downbeat data showed the economy slackened in May and youth unemployment rose again, in an effort to buttress a fragile recovery in the world’s second-largest economy. (The Wall Street Journal)
The number of migrants taking the perilous voyage across the Mediterranean Sea to Europe has surged to a six-year high. Many are risking death as traffickers cram people into vessels unsuited to the crossing. In the latest disaster, at least 79 migrants drowned on Wednesday when their fishing vessel capsized in stormy weather off the coast of Greece. (The Wall Street Journal)
President Biden is expected to be endorsed by the AFL-CIO this week ahead of a Saturday union rally in Philadelphia, according to people familiar with the process, marking the earliest presidential endorsement in the labor federation’s history as the two major parties battle over working-class voters. (The Wall Street Journal)
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