Hedge Fund Position Concentration hits all-time high 🚨 i.e. everyone chasing the same trades - Mag 7
Source: Barchart, Goldman Sachs
Charted: The Average Cost of Insulin By Country by Visual Capitalist
Drug prices in the U.S. are notoriously high for many important medications, including insulin. When comparing the cost of insulin by country, we see that the difference is not even close. This chart shows the average cost of insulin across OECD countries, based on a 2021 publication by RAND Corporation.
The corporate structure of OpenAI by Chartr or how a generationally-important company like OpenAI could be plunged into such chaos is partly down to its unique corporate model
Following the company's structure from top to bottom — even with a few subsidiaries thrown in — reveals that the board of directors had ultimate control to make decisions over both the nonprofit and for-profit OpenAI entities... leaving anchor investor Microsoft blindsided by Altman’s ousting just moments before the public announcement. The company that launched ChatGPT less than a year ago claims that its structure is designed to develop artificial general intelligence that’s “safe and benefits all of humanity”, with the capped profit arm of OpenAI, first introduced in 2019, able to issue equity and raise capital to further the work of the original nonprofit that was established in 2015. Source: Chartr
"DeFi started on Bitcoin.
Ethereum and Solana popularized it. Now time for all of that activity to come back to the original chain". Dan Held
Sam Altman ousted by OpenAI and moving to Microsoft:
Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft chief executive Satya Nadella said that Altman and Brockman, “together with colleagues, will be joining Microsoft to lead a new advanced AI research team”. “We look forward to moving quickly to provide them with the resources needed for their success,” he added. Altman retweeted Nadella’s post on Monday, adding: “the mission continues”. Source: FT
BREAKING NEWS by FT >>>
Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft chief executive Satya Nadella said that Altman and Brockman, “together with colleagues, will be joining Microsoft to lead a new advanced AI research team”. “We look forward to moving quickly to provide them with the resources needed for their success,” he added. Altman retweeted Nadella’s post on Monday, adding: “the mission continues”. Source: FT
BREAKING >>> Sam Altman will NOT be returning as CEO of OpenAI after drama-full weekend for the AI space
Negotiations to get Altman back in the company started less than 24 hours after he was fired. Investors including Microsoft attempted many rounds of negotiations. Staff at OpenAI have also threatened to quit if Altman does not return. But according to CNBC and Bloomberg, the board of OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. The Information and Bloomberg both reported on the hiring of Shear earlier. The news was confirmed to CNBC by a person familiar with the matter who asked not to be named because the discussions were confidential. Source: CNBC
Wine production reached 16.1 billion (bn) litres in the EU in 2022. Top producers:
1) Italy (5.0 bn litres) 2) Spain (5.0 bn litres) 3) France (3.4 bn litres) Source: EU Eurostat
