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\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

U.S. stocks had the highest monthly rally of 2023 in November; the benchmark S&P 500 rose 9%, the tech-heavy Nasdaq Composite surged 11% and the Dow Jones Industrial Average climbed 2,900 points higher. The key news for investors in the past month was the November 14 release of the Consumer Price Index, revealing a 3.2% inflation increase in October, lower than anticipated.<\/p>\n\n\n\n

Encouraging news from this Tuesday revealed that the November Consumer Price Index (CPI) increased by 3.1% every year, aligning with the predictions of economists surveyed by Reuters<\/a>. Similarly, core prices, which exclude fluctuating items like food and energy expenses, also met expectations, rising by 4% annually.<\/p>\n\n\n\n

This triggered a surge in speculation that the Fed has finished its tightening cycle. Most traders, as indicated by the CME Group's Fedwatch tool, think that the central bank has raised interest rates for the last time this year, shifting their focus to potential rate cuts around mid-2024.<\/p>\n\n\n\n

Policymakers And U.S. Stocks<\/h2>\n\n\n\n

Should that prediction materialize, there's a strong likelihood that policymakers will attain their desired \"soft landing\" scenario, despite raising borrowing rates from nearly zero to approximately 5.5% within a mere 15-month timeframe. Growth has remained strong, and the unemployment rate is still hovering below 4% even as inflation has rapidly cooled.<\/p>\n\n\n\n

The positive developments contributed significantly to driving the S&P 500 to its second most successful November since 1980 and it's noteworthy to highlight that the only instance when the index performed better in November was during its recovery post the pandemic in 2020.<\/p>\n\n\n\n

See Related:<\/em><\/strong> SlingTV Partners With BitPay To Accept Crypto For Subscriptions<\/a><\/p>\n\n\n\n

\"S&P
S&P 500 rose 9% in November 2023<\/em><\/figcaption><\/figure>\n\n\n\n

Encouragingly, Bank of America's<\/a> Savita Subramanian anticipates ongoing positive momentum for the S&P 500, projecting it to reach a record-breaking 5,000 points by year-end. Additionally, both BMO's Brian Belski and Deutsche Bank's Binky Chadha have established price targets of 5,100 points each.<\/p>\n\n\n\n

Analysts Index Review<\/h2>\n\n\n\n

However, certain analysts are expressing skepticism. JPMorgan Asset Management advises investors to remain cautious due to the possibility of a recession, while Soci\u00e9t\u00e9 G\u00e9n\u00e9rale cautions them to brace for a volatile 2024, predicting that the index will fluctuate between nearing its record high, experiencing a decline, and subsequently rebounding.<\/p>\n\n\n\n

The focus of investors has shifted now to the conclusion of the Fed's two-day meeting on Wednesday, eagerly awaiting their decision on interest rates, along with the release of the November producer price index (PPI) data. Jason Pride, chief of investment strategy and research at Glenmede, said<\/a>:<\/p>\n\n\n\n

\"They've (Fed) already taken rates up a lot... they will keep rates up in that range for longer than what the market is currently expecting. Markets do not expect more hikes and are instead focused on rate cuts.\"<\/em><\/p>\n","post_title":"U.S. Stocks Had The Highest Monthly Rally Of 2023 In November. What To Expect From The Rest Of December?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-stocks-had-the-highest-monthly-rally-of-2023-in-november-what-to-expect-from-the-rest-of-december","to_ping":"","pinged":"","post_modified":"2023-12-13 21:49:51","post_modified_gmt":"2023-12-13 10:49:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14611","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14413,"post_author":"15","post_date":"2023-11-22 02:29:14","post_date_gmt":"2023-11-21 15:29:14","post_content":"\n

Less than 24 hours after Sam Altman's unexpected removal from his role as OpenAI CEO, reports indicate that negotiations to reinstate him, driven by major investors like Microsoft, are underway.<\/p>\n\n\n\n

The coup <\/a>against the six-member board, led by chief scientist Ilya Sutskever, excluded Greg Brockman, the company's co-founder and board chairman. It occurred suddenly, without prior discussions with Altman or major investors.<\/p>\n\n\n\n

These investors, especially Microsoft, who have invested an estimated $13 billion in the organization, were caught off guard. While Microsoft publicly expressed confidence in OpenAI's future without Altman, behind-the-scenes reports suggest they are working to bring him back.<\/p>\n\n\n\n

OpenAI and Microsoft have yet to confirm these claims. Other investors are also pushing for Altman's reinstatement.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Formerly Sacked, Sam Altman Is Expected To Return As CEO Of OpenAI<\/a><\/p>\n\n\n\n

The Reaction of Colleagues to Altman's Dismissal<\/h2>\n\n\n\n

The turmoil extends beyond Altman's leadership. It's compounded by concerns that he might start a competing venture, possibly against his former employer, Reuters reports.<\/p>\n\n\n\n

Altman's sudden exit triggered a string of departures, including Brockman and key AI researchers, raising the prospect of many more employees leaving if Altman doesn't return. The power struggle between OpenAI's research and product sides may have played a role in Altman's ouster.<\/p>\n\n\n\n

There are hints that a major AI breakthrough might be at the root of these tensions, as concerns grow about AI advancing beyond human control, potentially leading to a divide between those advocating caution and those pushing for faster progress.<\/p>\n\n\n\n

Altman's return could hinge on governance changes, similar to Steve Jobs' comeback at Apple. In Altman's case, this might happen much sooner.<\/p>\n","post_title":"OpenAI CEO Sam Altman's Sudden Removal Sparks Investor Push For His Return","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"openai-ceo-sam-altmans-sudden-removal-sparks-investor-push-for-his-return","to_ping":"","pinged":"","post_modified":"2023-11-22 02:29:21","post_modified_gmt":"2023-11-21 15:29:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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