Thank you for your participation. The technology sector is in the spotlight today as pressure mounts on X Company founder Elon Musk and X Company CEO Linda Yaccarino to resign over concerns over anti-Semitic content. ing.
Elsewhere in Silicon Valley, drama is brewing at ChatGPT developer OpenAi, while friends and executives are reportedly encouraging her to resign to protect her own reputation.
If OpenAi hires Twitch co-founder Emmett Shea as interim chief executive, Sam Altman won’t make a dramatic return to the business he co-founded after his dramatic firing after Friday’s board meeting right.
5 things to start your day
1) ChatGPT creator hires new chief after firing Sam Altman | Sam Altman, founder of ChatGPT maker OpenAI, will reportedly not return to the company as CEO.
2) Economists say Brexit has boosted UK wages | Reduced EU immigration boosts UK workers’ bargaining power
3) Hunt to launch ‘Moonshot’ quantum supercomputing program in fall statement | Breakthrough technology can break through encryption systems used by militaries and banks
Four) Abu Dhabi-backed fund to buy Telegraph in coming weeks | Conservative Party leaders urge government to intervene over public interest and national security concerns
Five) Starmer leans on City spinner with links to Gordon Brown to mediate pre-election FTSE summit | The PR firm hosted a similar meeting with Boris Johnson in 2019.
what happened overnight
OpenAI has reportedly hired the co-founder of video streaming service Twitch as interim chief executive, days after the dramatic firing of billionaire president Sam Altman.
Emmett Xia’s appointment is the second in three days, after Chief Technology Officer Mira Murati was first appointed on Friday afternoon.
Mr. Shear’s hiring, reported by the Financial Times, follows the abrupt firing of OpenEye co-founder Mr. Altman, who founded the company in 2015 and led the company in 2019. There was an outpouring of support from employees.
Meanwhile, Asian stocks rose after Wall Street ended its third straight winning week with modest gains.
Japan’s Nikkei 225 index fell 0.6% to 33,388.03 after hitting a new September high and hitting a 33-year high.
Hong Kong’s Hang Seng Index rose 1.5% to 17,719.07, while the Shanghai Composite Index rose 0.4% to 3,066.85.
China announced on Monday that it would keep its benchmark lending rate unchanged as expected, citing the weakening yuan and the need to assess the economic impact of recent stimulus measures.
In South Korea, the Kospi was 1% higher at 2,495.60. Australia’s S&P/ASX 200 rose 0.1% to 7,058.40. Taiwan’s Taiex remained largely unchanged. The Bangkok market is expected to expand after the National Planning Agency said on Monday that Thailand’s economic growth slowed more than expected in the last quarter due to weak exports and agriculture, despite strong consumer spending and a recovery in tourism. SET rose 0.2%.
On Friday, the S&P 500 rose 0.1% to 4,514.02, near a three-month high. The Dow Jones Industrial Average rose less than 0.1% to 34,947.28, and the Nasdaq Composite Index rose 0.1% to 14,125.48.