Nov 19th, 2023 – Sam Altman this morning unexpectedly published on twitter: “I am so back.” Hinting at a possible return, following the news that a day after OpenAI’s board of directors fired him, in a shock development, Investors in OpenAI are considering a countercoup to reinstate the former CEO. Venture capital firms, in collaboration with Microsoft (MSFT) and OpenAI employees, are exploring strategies such as a mass revolt by senior researchers, withholding cloud computing credits, and potential lawsuits to pressure the current management.
The Federal Reserve’s battle against inflation might not be over, despite market optimism. Susan Collins, President of the Federal Reserve Bank of Boston, expressed caution in an interview with CNBC, diverging from traders who anticipate a reduction in the benchmark interest rate. Collins stressed the need for patience, hinting that the option of traditional firming was still on the table. Economic data, particularly rental rates, are closely monitored for signs of a “soft landing” from high inflation.
Thanks to Google (GOOG) (0.8 units, @133.93) and to artificial intelligence, the traditional method for weather prediction relying on supercomputers and numerical prediction, may be challenged. The new Google’s GraphCast system, utilizes machine learning and analyzes 39 years of historical weather data, running on a single laptop in less than a minute. Do not expect your weather forecast to improve instantly. Do not expect Google to replace the weather Office, Well, not yet. But once again, AI is matching the efficacy of an existing technology with efficiency and speed that it has experts and investors looking for possibilities.
Author: Diego Russo