#185 Sam Altman's Firing & Return to OpenAI: What It Means for AI

Welcome to episode #185 of Stock Club by MyWallSt. In this episode, hosts Emmet Savage and Michael O'Mahony delve into the dramatic events surrounding OpenAI, including the temporary firing and subsequent reinstatement of CEO Sam Altman.We analyse the unique corporate structure of OpenAI, its relationship with Microsoft, and the broader implications these events have on the AI industry. Additionally, we also provide insights into the current state and future prospects of tech giants like Nvidia and Novo Nordisk, exploring how recent developments could shape market dynamics.Join us as we unravel the story of OpenAI's recent upheaval and its implications for the future of AI, offering unique insights that every tech enthusiast and investor needs to hear.Enjoyed the episode? Leave us a 5-star rating on Spotify and a review on Apple Podcasts.This episode is sponsored by Vodafone Business. V-Hub advisers are here to help you achieve your business goals. With specialisms across a range of digital skills, our advisers are ready to assist you with free support and guidance, so your business can thrive in the digital world.Check it out: https://r.vodafone.ie/v-hub-AdvisoryIntroducing Nexus, the upcoming addition to the MyWallSt Product Suite. Sign up now to be the first to learn about our groundbreaking AI-powered stock picking service, set to launch this November. We've harnessed state-of-the-art AI, advanced segmentation, and the expertise of seasoned investors to identify game-changing investment opportunities worldwide.Sign Up Now 👉 https://bit.ly/45rLu93Become a successful investor by checking out all the content MyWallSt has to offer:📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/🎉 Follow MyWallSt on social:🐦 Twitter: @MyWallSt💃 TikTok: @MyWallSt📸 Instagram: @MyWallSt🖥️ Facebook: @MyWallSt👔 LinkedIn: MyWallSt(00:00) Preview(00:41) Vodafone Business and Introduction(01:14) Takeaways from Horizon Members Live Event(04:21) Diving into the OpenAI Saga(08:19) OpenAI's Unique Governance & Corporate Structure(11:53) Future of OpenAI and Its Relationship with Microsoft(14:06) Implications of OpenAI’s Leadership Crisis for the Tech Industry(23:00) Stocks to Watch in 2024(26:30) Where Is Big Tech Headed Next?(29:26) Stocks To Be Cautious About in 2024(34:24) Final Thoughts on Novo Nordisk Hosted on Acast. See acast.com/privacy for more information.