Prof G Markets
OpenAI’s Exodus, the Rise of Palantir, and the Longshoremen’s Strike
Sep 30, 2024
The discussion kicks off with an antitrust lawsuit against Visa and Meta's new AR glasses, revealing the ever-evolving tech landscape. Palantir's high valuation sparks debate on consumer allure and advice on stock options. Insights into OpenAI's executive shake-up highlight the shift from non-profit ethos to profit-driven ambitions. Finally, the potential longshoremen's strike emerges as a looming economic threat, with impacts on GDP and supply chains that could resonate widely during peak seasons.
50:17
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Quick takeaways
- The DOJ's antitrust lawsuit against Visa signifies a critical shift towards greater corporate accountability in the financial services sector.
- Palantir's significant stock surge amid AI demand raises concerns over its high valuation despite its strong positioning as a government contractor.
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