Sam Altman’s chaotic return as OpenAI CEO marks a major win for Microsoft

(Bloomberg) — Amid ongoing industry drama, OpenAI has announced the return of Sam Altman and a full overhaul of its board, signaling a significant shift that has captivated Silicon Valley and the global AI ecosystem. Allegedly, these changes in leadership point to evolving industry priorities and new regulatory and commercialization clarities with regards to AI …

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Larry Summers adds his voice to growing concern over Fitch downgrade

Former Treasury Secretary Larry Summers criticized Fitch’s recent decision to downgrade the United States’ sovereign credit rating as “bizarre and inept.” Summers took to Twitter to express his disbelief at Fitch’s move, especially considering the positive state of the economy. Fitch cited the nation’s growing debt burden and political dysfunction as reasons for the downgrade, …

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