Wall Street Battles Banker Burnout & Is OpenAI Really Worth $150B?
Sep 13, 2024
The podcast dives into Wall Street's battle against banker burnout as firms attempt to improve working conditions. Boeing faces a looming strike with 33,000 workers ready to walk, raising questions about corporate culture. OpenAI is in the spotlight, trying to boost its valuation to $150B as it launches a smarter AI model. The gaming industry struggles with recent layoffs, while Apple innovates with AirPods that now function as hearing aids. The NSA even joins the conversation with its own podcast aimed at enhancing public image.
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Triskaidekaphobia in NYC
Most New York high-rise apartments omit floor 13 due to triskaidekaphobia.
Toby avoids the number 13, never stopping the microwave or leaving the TV volume at 13.
insights INSIGHT
Banker Burnout
Junior bankers at JP Morgan and Bank of America face intense workloads, prompting new policies.
These changes follow concerns about overwork and potential health risks after a banker's death.
question_answer ANECDOTE
Boeing Strike
Boeing faces a strike by 33,000 workers after they rejected a proposed contract.
The union seeks a 40% raise, while Boeing offered a 25% increase and local production commitment.
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Episode 409: Neal and Toby discuss Bank of America's and JPMorgan’s latest efforts to curb young bankers’ hours after increased scrutiny of Wall Street’s history of burnout. Then, Boeing’s new CEO Kelly Ortberg is begging its union to accept a deal to avoid a potentially catastrophic strike for the embattled company. Plus, OpenAI is looking to raise another $6.5B to bring its valuation to a whopping $150B as it launches a new model that is better at “reasoning.” Next, the once sought after gaming industry has faced a tough string of layoffs that is making it lose its luster. Meanwhile, Apple wants to tap into the health industry, starting with its AirPods that now be used as a hearing aid. Lastly, ever wonder what the National Security Agency is up to? Now the confidential agency is airing out all its dirty laundry with the launch of its own podcast. Juicy. Subscribe to Morning Brew Daily for more of the news you need to start your day, share the show with a friend, and leave us a review on your favorite podcast app.