Sam Altman's Return to OpenAI, Meta's Underage Users, and Guest Alan Patricof
Nov 28, 2023
01:09:52
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Alan Patricof, legendary venture capitalist, joins Kara and Scott to discuss investing in the longevity economy. They also cover Sam Altman's return to OpenAI, Meta's knowledge of underage users, and the consequences of Elon Musk's anti-Semitic controversy. The chapter explores various topics including the challenges of overvaluation in the business and the importance of maintaining mental sharpness for longevity.
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Quick takeaways
Sam Altman has returned as the CEO of OpenAI after a period of chaos and board reshuffling, aiming to bring stability and effectiveness to the company's governance.
Alan Patricof emphasizes the need to combat ageism in the workplace and prepare for an aging workforce by retaining older employees, transferring knowledge, and retraining for second careers.
Alan Patricof discusses his investments in the longevity economy, highlighting the potential for demographic shifts to create investment opportunities in companies that cater to the aging population.
Deep dives
Sam Altman returns as CEO of OpenAI
Sam Altman has returned as the CEO of OpenAI after a period of chaos and board reshuffling. OpenAI's board has been overhauled, with Microsoft's involvement becoming more prominent. The new board structure aims to bring stability and effectiveness to the governance of the company.
The importance of addressing ageism in the workplace
Alan Patricof emphasizes the importance of combating ageism in the workplace and preparing for a workforce that is aging out. He discusses the need for corporations to retain older employees, transfer knowledge, and retrain workers for second careers. Patricof also suggests using 529 funds for retraining older individuals.
Investing in the longevity economy
Alan Patricof discusses his investments in the longevity economy, focusing on companies that cater to the aging population. He shares examples of companies such as Carewell, which aids caregivers, and Centagenix, which provides personalized health and age management solutions. Patricof highlights the potential for demographic shifts to create investment opportunities in this sector.
Release of Four-Year-Old Hostage Abigail Idon
A four-year-old hostage, Abigail Idon, was released after witnessing the killing of her parents. The fact that such an event occurred is deeply troubling, and it is disheartening to see the lack of attention and action from influential figures in Hollywood. The release of the hostage highlights the urgent need for more engagement and intervention in conflicts like these, as well as a stronger commitment to international and humanitarian cooperation.
Plea Deal with Finance for Money Laundering
A $4.3 billion plea deal has been reached with a finance company involved in money laundering. This serves as a reminder that individuals and organizations engaging in criminal activities, such as financing terrorism, must face consequences. The government's efforts to investigate, build cases, and hold such parties accountable play a crucial role in deterring illegal activities and protecting the interests of the public.
Kara and Scott discuss Jeff Zucker's return to the news business, and the cost of advertiser backlash in Elon Musk's antisemitism controversy. Then, Sam Altman is back at OpenAI, but who are the winners and losers after all the chaos? Plus, a new complaint reveals what Meta knew about its underage users. Finally, our Friend of Pivot is legendary venture capitalist Alan Patricof. At age 89, Patricof is as active as ever, and he explains why the longevity economy is a smart investment.
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