Wall Street Chaos, OpenAI Leadership Shakeup, Google The Monopolist

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 9 August 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ranjan Roy from Margins is back for our weekly discussion of the latest tech news. We cover 1) Wall Street's roller coaster week 2) Does market turmoil change AI investment? 3) The Yen trade 4) NVIDIA's stock market drop 5) Warren Buffet sells Apple 6) OpenAI loses more key leaders 7) Is OpenAI struggling to fundraise? 8) Are LLMs hitting a wall? 9) Google loses antitrust case 10) Does this hurt Google? Or Apple? 11) U.S. government deterrence restored? 12) Do we actually need new antirust laws for Big Tech? 13) Twitter sues advertisers --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/ Want a discount for Big Technology on Substack? Here’s 40% off for the first year: https://tinyurl.com/bigtechnology Questions? Feedback? Write to: [email protected]

Transcript

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0:00.0	Wall Street is convulsing as an economy led by tech starts to wobble a bit.
0:04.2	Open AI's leadership shakes up again and this time people are asking some tough questions about its future.
0:10.3	Google is ruled a monopolist, what comes next, and Twitter sues advertisers.
0:15.5	All that is coming up on a big technology podcast Friday edition right after this.
0:20.2	From LinkedIn News, I'm Jesse Hempel, host of the Hello Monday podcast.
0:25.3	Start your week with the Hello Monday podcast.
0:28.3	We'll navigate career pivots.
0:30.3	We'll learn where happiness fits in.
0:32.1	Listen to Hello Monday with me, Jesse Hempel on the LinkedIn Podcast Network, or wherever you get your podcasts.
0:40.4	Welcome to Big Technology Podcast Friday edition where we break down the news in our traditional
0:44.7	cool-headed and nuanced format. No lack of news to talk about this week as we've seen
0:49.2	massive ups and downs in Wall Street and with big implications for the AI trade.
0:54.0	You also have a very sort of
0:55.6	understated shakeup at Open AI that's been underappreciated largely. It might have very big
1:01.3	implications. Google's also been ruled a monopolist by the courts and there are going to be big
1:06.1	downstream impacts of that. And of course, Twitter decided to sell advertisers because you always want to
1:11.3	sue your customers, I suppose. Anyway, we're going to break it all down in a special edition
1:15.3	of Big Technology Podcast because it's always special when Ron Ton Roy is here with us. Ron John,
1:19.6	welcome. It's Friday afternoon and after this week, the S&P looks like it's going to close down
1:25.5	a whopping 0.35% after all the chaos.
1:31.6	So that's a great place to start because I was watching, I was on a flight to Ireland,
1:36.1	Sunday night into Monday morning. And of course you don't sleep on these flights. And as we start
	...

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