TNB Tech Minute: Musk’s AI Bot Struggles to Write Accurate News

[00:00:00] Why do over 50% of the Fortune 500 use Elastic? Because Elastic has done the hard work of making it easier for companies to do generative AI right. Elastic's Search AI helps them make insightful and impactful decisions at speed.

[00:00:14] Across search, observability and security, Elastic has the power to take your data into the future. Explore the possibilities of AI with your data at explore.elastic.co Elastic, the Search AI Company. Here's your TNB Tech Minute for Wednesday, July 17. I'm Zoe Thomas for The Wall Street Journal.

[00:00:38] Grok, Elon Musk's AI model accessible through his social media platform X, is struggling to provide accurate news headlines based on its read of content from posts on X. The model's limitations were on display in the hours after the attempted assassination of former President Donald Trump.

[00:00:57] It posted incorrect information, amplified unverified claims and failed to identify sarcasm. Musk has touted the benefit of X using Grok's AI powers to automate writing headlines and news summaries based on posts from hundreds of millions of users. X didn't respond to a request for comment about Grok's headlines.

[00:01:21] ASML, which supplies semiconductor-making machinery to chipmakers, posted nearly 5.6 billion euros, roughly $6 billion, in orders in the three months to the end of June. That was up from 4.5 billion euros a year earlier and it beat analysts' expectations.

[00:01:39] ASML is riding the AI wave as chipmakers are on the hunt for highly complex machines to produce increasingly sophisticated semiconductors. The company counts Taiwan Semiconductor Manufacturing Company and Samsung Electronics among its customers. And some high-flying technology shares plunged today.

[00:01:59] The drop helped send the Nasdaq down 2.8 percent, its biggest one-day decline since December 2022. Among the stocks that lost ground were some of the chip stocks that have benefited most from the investor frenzy over artificial intelligence. Nvidia shares lost 6.6 percent, while Qualcomm shed 8.6 percent.

[00:02:21] For a deeper dive into what's happening in tech, check out Thursday's Tech News Briefing podcast.