Bloomberg Businessweek
OpenAI Drama Casts a Shadow on Tech Industry
Nov 21, 2023
Andrew McAfee explains the impact of the OpenAI saga on AI development, Mary Lou Gardner discusses retail earnings and consumer outlook, Dan Morgan breaks down Nvidia earnings, and Brendan Jones talks about the global EV charging market.
36:30
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Quick takeaways
- The OpenAI saga could have significant implications for the future development of artificial intelligence.
- The EV industry is experiencing valuation pressure, but long-term prospects for EVs and EV charging infrastructure remain promising.
Deep dives
Ford reduces capacity and hiring plans at battery plant due to weaker EV demand
Ford is cutting back on capacity and hiring at its battery plant in Michigan due to weaker demand for electric vehicles. Sales of Ford's F-150 Lightning pickup fell 46% in the third quarter. This move reflects the challenges faced by automakers as they transition to electric vehicles and navigate the evolving market demand.
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