OpenAI Launches Faster and Cheaper AI Model With GPT-4o
May 14, 2024
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Bloomberg News AI Reporter Rachel Metz talks about OpenAI's new AI model, Wells Fargo CIB Co-CEO Jon Weiss discusses veteran appreciation, and Personal Finance Reporter Alice Kantor shares a story. The podcast also covers Gen Z's career preferences and Wells Fargo's market insights.
OpenAI introduces a faster and more economical version of ChatGPT to maintain a competitive edge in the AI market.
Gen Z is gravitating towards freelance work, leveraging online platforms and AI to evolve in their careers.
M&A landscape remains robust with private equity firms driving activity, fueled by market consolidation and growth opportunities.
Deep dives
Gen Z's Changing Work Preferences
Gen Z is shifting towards a more freelance work model, seeking flexibility and autonomy in their careers. They are embracing online platforms for learning and adopting technologies like AI to enhance their skills and work efficiency.
Market Outlook and Volatility
The market outlook shows optimism with expectations of gradual cooling in the labor market and ongoing labor shortages. Volatility in markets is favored by traders, especially in the current environment of uncertainty and conflicting economic data.
M&A Environment and Private Equity Influence
The M&A landscape, driven by a record 5.2 trillion in 2021, continues to be strong. Private equity firms with substantial cash reserves are fueling M&A activity, along with companies seeking growth opportunities and market consolidation.
Geopolitical Risks and Market Impact
Geopolitical uncertainties pose a significant risk to the market, especially if unexpected events occur. Volatility may rise due to geopolitical tensions impacting investor sentiment and market dynamics.
Support for Veterans and Transitioning from Service
Transitioning veterans, including their families, need robust support systems for employment and education post-military service. Providing pathways for stable employment and assistance with transitioning benefits the veterans and their families, paving the way for a successful post-service life.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News AI Reporter Rachel Metz discusses OpenAI launching a faster and cheaper version of the artificial intelligence model that underpins its chatbot, ChatGPT, as the startup works to hold on to its lead in an increasingly crowded market. Jon Weiss, Co-CEO of Wells Fargo CIB, talks about the firm’s appreciation of and commitment to US military veterans. Bloomberg News Personal Finance Reporter Alice Kantor shares the details of her Businessweek Magazine story ‘Harvard of Trading’ Ruined Thousands of Young People’s Lives. Dr. Kelly Monahan, Managing Director at Upwork Research Institute, breaks down a new report on Gen Z’s shifting preferences and expectations when it comes to careers and the world of work. And we Drive to the Close with Michael Riley, Co-Head of Markets at Wells Fargo Corporate & Investment Bank. Hosts: Carol Massar and Barry Ritholtz. Producer: Paul Brennan.