Money

OpenAI staff demand board resigns, threatening mass exodus

Published

2 years ago

November 21, 2023

Employees at OpenAI, a leading artificial intelligence research lab, have issued a collective ultimatum, demanding the resignation of the organisation’s board of directors or else they threaten to quit en masse.

This unprecedented move by OpenAI’s workforce has sent shockwaves through the tech industry and raised questions about the future direction of the company.

The discontent among OpenAI employees centers around concerns regarding the organization’s leadership and the potential misuse of advanced AI technologies.

The staff alleges that the current board, comprised of prominent figures in the tech world, is not adequately addressing the ethical implications and potential risks associated with AI development.

Clash of values

This clash of values and priorities has led to an internal standoff that could have far-reaching consequences.

The ultimatum comes on the heels of several high-profile departures from OpenAI, including some of its top researchers and engineers.

The growing dissatisfaction within the organization has cast a shadow over its reputation as a pioneer in responsible AI research. As the board faces increasing pressure to respond to the demands of its staff, the future of OpenAI hangs in the balance.

The question now looms large: Can OpenAI’s leadership and employees find common ground to navigate the ethical and technological challenges of AI, or will this standoff lead to a mass exodus that could reshape the landscape of AI research and development?

Money

Big banks, inflation, and earnings: What to watch this week

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

Published

15 hours ago

January 12, 2026

Harvey Vargas

Major banks and corporations report earnings this week, influencing market outlook and economic indicators ahead of 2026.

This week is packed with financial news as major banks and corporations release their earnings. JPMorgan, Wells Fargo, and Goldman Sachs will reveal their year-end results, offering insight into the health of the banking sector. CEO Jamie Dimon of JPMorgan has already highlighted uncertainty in the U.S. economy, making investors watch closely.

In addition to banking, Delta Air Lines and Taiwan Semiconductor will report, shedding light on consumer spending and tech industry trends. These corporate updates will help investors gauge the broader market performance heading into 2026.

All eyes are also on December’s inflation figures, alongside retail sales and new home sales data. These reports will be key indicators for the U.S. economy, impacting stocks, interest rates, and market sentiment.

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Money

Boeing hits seven-year high in plane deliveries as demand soars

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Published

15 hours ago

January 12, 2026

Harvey Vargas

Boeing’s aircraft deliveries hit a seven-year high, bolstered by demand and new orders, including Alaska Airlines’ purchase of 105 jets.

Boeing has reached its highest level of airplane deliveries in seven years, marking a strong recovery after a challenging period for the aerospace giant. The company is ramping up production of its 737 Max and 787 Dreamliners to meet growing demand from airlines worldwide.

Investors are optimistic as Boeing shares have climbed significantly over the past year, reflecting renewed confidence in the company’s long-term prospects. Airlines are responding with new orders, and Boeing has already secured 1,000 gross orders through November.

Alaska Airlines recently placed an order for 105 Boeing 737 Max 10 jets, further signalling industry faith in the manufacturer. Robust travel demand continues to drive growth for Boeing and its competitor, Airbus, highlighting a rebound in global air travel.

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Money

Wall Street hits record highs as markets shrug off Venezuela tensions

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

Published

6 days ago

January 7, 2026

Harvey Vargas

US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.

US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.

The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.

The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.

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