FT News Briefing

Banks warm up to nuclear power

Sep 26, 2024

OpenAI's CTO departure shakes up the tech scene while major banks shift their gaze towards nuclear energy investment. They commit to boosting global nuclear capacity in response to rising demands from tech sectors. Meanwhile, Saudi Arabia sees a surge in female workforce participation as it strives for economic diversification, challenging traditional norms and paving the way for women in leadership roles. The intertwining of finance, energy, and social progress makes for a fascinating discussion.

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Episode notes

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Quick takeaways

OpenAI faces significant leadership challenges after Mira Murati's departure, raising concerns about the company's stability and direction in AI.

Saudi Arabia achieves a notable increase in female labor force participation, indicating progressive changes despite ongoing barriers to women's leadership roles.

Deep dives

Leadership Changes at OpenAI

The recent departure of Chief Technology Officer Mira Murati marks a notable shift at OpenAI, which has experienced a series of high-profile exits this year, including two of its founders. Murati's tenure of over six years included a brief role as CEO during a tumultuous period for the company. These ongoing leadership changes pose challenges for one of Silicon Valley's most valuable startups as it navigates a competitive landscape in artificial intelligence. The lack of a successor announced after Murati's departure further intensifies concerns about stability and vision within the organization.

Intro

2min

Banks' Shift Towards Nuclear Energy Support

2min

Financial Strategies and Workforce Transformation

4min

Driving Forces Behind Women's Workforce Integration

3min

OpenAI’s chief technology officer is leaving the company, major banks pledge to increase their support for nuclear energy, and hopes of an M&A comeback rise as global companies pursue blockbuster takeovers. Plus, a surge in female labour force participation emerges as a bright spot for Saudi Arabia.

Mentioned in this podcast:

OpenAI’s chief technology officer Mira Murati to leave

Big corporate predators bolster global M&A market

The Saudi factories powered by women

World’s biggest banks pledge support for nuclear power

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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