MM133: Did Sam Altman engineer his own exit to gain control of OpenAI?

It's been a remarkable week at Open AI!In a series of unforeseen events, the founder was fired, took a brief stint at Microsoft, and then made a dramatic return to the helm of the company he originally created. This whirlwind of changes begs several questions: What were the reasons behind his initial termination? Who is currently in charge of OpenAI's board of directors? And can we dismiss the possibility that these events were part of a deliberate plan?Meanwhile, in markets, hedge funds that placed their bets against the US and European stock markets are reeling from a staggering $43bn in losses following an unexpected market rally. We delve into the sectors most affected and why. Additionally, we demystify the mechanics of a short squeeze and discuss the inherent risks of relying on algorithmic trading as a guaranteed profit strategy.Black Friday competition to win two fully sponsored places on the AmplifyME Summer Analyst Training Programme https://www.linkedin.com/feed/update/urn:li:activity:7133742770585788417 Hosted on Acast. See acast.com/privacy for more information.

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Twice a week, we bring finance to life in a fun, engaging way for anyone interested in the world of finance—whether you're a professional, a student, or just curious to learn more. Hosted by Anthony Cheung, a LinkedIn Top Voice, every Monday The Deal Room dives into the latest M&A and private equity deals, uncovering the business strategies behind them. On Fridays, The Trading Floor explores market trends, from macro themes to single stocks and crypto. Our goal? To make finance interesting and accessible for everyone Hosted on Acast. See acast.com/privacy for more information.