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Marketplace All-in-One

Can parents stomach higher child care costs?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 20 November 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

The deadline for child care providers to spend over $37 billion in federal pandemic-era subsidies is more than a month behind us. Now that the money’s gone, providers are trying to make up the difference and some are contemplating upping prices. But parents are already being squeezed. Also: a hectic weekend for former ChatGPT CEO Sam Altman and a boost to local economies courtesy of outdoor recreation enthusiasts.

Transcript

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0:00.0

The person at the top of the most prominent of artificial intelligence companies gets the boot,

0:06.4

fights back and lands very much on his feet, all in the space of a long weekend.

0:11.6

I'm David Brown-Cachio in New York. The pioneer at the top of the

0:15.3

chat gpity company, Open AI, got fired by his board on Friday, reportedly almost,

0:21.4

got his job back at the company by Saturday and by

0:24.8

last night landed a sweet position at open AI's biggest business partner,

0:29.3

Microsoft. The man who you don't just fire is Sam Altman.

0:32.8

Marketplace's Nova Safa has been tracking developments.

0:35.4

Yeah, David, and what we don't know this morning is exactly what precipitated all of this chain of events.

0:40.0

Open E.I. says it's board fired Sam Altman because in their words he was not consistently candid.

0:45.8

They haven't elaborated on what that means.

0:47.9

Open AI has an unusual structure.

0:49.9

It's a non-profit with a for-profit arm arm which is where the partnership with

0:53.4

Microsoft is so the sudden announcement of Altman's firing came on Friday

0:57.3

from the nonprofit board then yesterday Altman was back at open AI's

1:01.8

headquarters in San Francisco,

1:03.9

apparently negotiating his potential return.

1:06.5

And then late last night, the final word

1:08.6

from Microsoft CEO Satchenadella

1:11.0

announcing that he'd hired Altman to lead a new AI research team at Microsoft.

1:16.0

Fortune magazine is reporting that Altman was doing a lot of travel to fundraise for an AI

1:22.0

microchip venture, suggesting that might have placed him

...

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