Years before ChatGPT, Warren Buffett touted AI's huge potential but warned it could spark job losses and stoke political tensions

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warren buffett
Warren Buffett.

REUTERS/James Lawler Duggan

The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots

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Happy Monday, readers. I'm Phil Rosen, reporting from New York City. 

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch.

Google search chief warns AI chatbots can give 'convincing but completely fictitious' answers, report says

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Prabhakar Raghavan
Google's Prabhakar Raghavan said AI chatbots can give "convincing" but "fictitious" answers.

Google/YouTube

Sergey Brin appears to make first request in years to access Google code as AI battle heats up, report says

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Sergey Brin arrives at the Vanity Fair Oscar Party on Sunday, March 27, 2022, at the Wallis Annenberg Center for the Performing Arts in Beverly Hills, Calif.
Sergey Brin at the Vanity Fair Oscars party in March 2022 in Beverly Hills.

Evan Agostini/AP; Marianne Ayala/Insider

These charts show just how much cloud spending has slowed at Microsoft, Amazon, and Google

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Amazon Web Services CEO Andy Jassy
Amazon CEO Andy Jassy says customers are cutting cloud spending. Analysts say Amazon Web Services is seeing slowing growth, but still retains more market share than competitors.

Amazon

You can tell the stock market rally is out of steam because the dollar is no longer on the retreat, strategist says

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Stock traders on the exchange trading floor.
Stock traders

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Microsoft won the week but Google's big reveal is still to come in the AI search wars, Bank of America says

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Google CEO Sundar Pichai (left) and Microsoft CEO Satya Nadella (right)
Google CEO Sundar Pichai (left) and Microsoft CEO Satya Nadella (right)

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The walls are closing in on Google. Here's what it needs to do to survive.

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Sundar Pichai
Google's facing intense competition from Microsoft's partnership with OpenAI, and combined with other challenges, its a tough road a ahead for the search giant.

Beck Diefenbach/Reuters

These 7 CEOs at major corporations from Apple to Zoom are taking pay cuts amid an economic slowdown

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Apple CEO Tim Cook attends Apple's
Apple CEO Tim Cook took a voluntary pay cut for 2023.

Axelle/Bauer-Griffin/FilmMagic

Microsoft, Google, and Baidu are putting the final touches on their answers to ChatGPT. Here's what they have planned and what it means for investors.

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Sundar Pichai speaks onstage Vox Media's 2022 Code Conference on September 06, 2022
Google CEO Sundar Pichai announced the firm's ChatGPT alternative Bard AI in a blog post Monday.

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