Chris Licht leaves CNN, Goldman Sachs lowers recession odds
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Chris Licht leaves CNN, Goldman Sachs lowers recession odds
CNN announced CEO Chris Licht will leave the company. The move comes days after The Atlantic published an article noting that employees had become angry by multiple moves Licht made including a town hall that was held with Former President Trump in May. - Link
Goldman Sachs has lowered the recession probability over the next 12 months from 35% to 25% citing an improvement in U.S. debt ceiling issue and the resolution of the banking crisis. -Link
Sam Altman, the co-founder and CEO OpenAI, informed a small group of developers and startup founders in London that the company has no intentions of releasing additional consumer-facing products like ChatGPT. -Link
The World Bank predicts that the global economy will grow at 2.1% this year due to heightened interest rates, rising inflation, and fallout from the banking crisis. The forecast represents a sharp decline from the 3.1% growth seen in 2022. -Link
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CEO and Founder of Vistim Labs James Hamet joins Jason, as they discuss the current roadblocks with diagnosing dementia (1:18), before James breaks down how they use AI to detect signs of neurological disease (23:29). Then, Jason sits down with Kaitlin Malin at SALT iConnections New York, to discuss the keys to angel investing and AI (40:52). - Link
Google unveiled a new partnership with the Mayo Clinic that will enable researchers at the medical center to build their personal chatbots. -Link
A day after the SEC sued Binance for manhandling customers' funds, investors pulled out $780M worth of crypto currency from the exchange. -Link
ntel Corp is liquidating a part of its stake in Israeli autonomous driving company Mobileye Global, offering 35M Class A common stock shares for about $1.5B. The move will dilute Intel's voting share in the company from 99.3% to 98.7%. -Link
Social media platform and news content aggregator Reddit is laying off 90 employees, or 5% of its workforce. -Link
Ford is recalling 125,000 hybrid and plug-in hybrid variants of Escape, Maverick, and Lincoln Corsair vehicles due to potential fire hazard caused by fluid leaks within the engine compartment. -Link
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