"Microsoft's CEO was the biggest winner in the Open AI fiasco"
Microsoft's CEO Satya Nadella played a decisive role in saving the tech company's massive investment during the "Open AI fiasco", writes the Wall Street Journal. After an unexpected board coup in which Open AI co-founder and CEO Sam Altman was ousted, Nadella turned the situation in Microsoft's favor.
Through intense negotiations and strategic maneuvering over a chaotic weekend, Nadella secured Altman's comeback as CEO — and forged a stronger bond with the AI company's leader.
"Microsoft CEO Satya Nadella must believe he's dreaming: Over the course of a whirlwind weekend, he went from seeing the company's $10 billion investment in Open AI threatened — to succeeding in strengthening the software giant's position in AI even more," writes Bloomberg's tech columnist Dave Lee.
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Swedish interest rates
Erik Thedéen: "Fifty fifty" that the interest rate will be raised again in the future
Uncertainties surrounding the krona, household savings and the general strength of the economy make it difficult to determine whether there will be new interest rate increases next year. According to the head of the Riksbank, Erik Thedéen, it is "fifty fifty" that the interest rate will be raised again in the future, he says in Ekot's Saturday interview.
- There is something in this inflation process that we don't seem to really understand, he says.
The Riksbank expects a first interest rate cut in two years. But several assessors that the Economic Agency has spoken to agree that the interest rate peak has been reached - and that reductions will begin next year.
The idea, however, sticks to the Riksbank's forecast.
- I think it is good to remind that the market has been more wrong this trip than the Riksbank. Early on, people believed in rapid reductions, but that didn't happen and it has happened several times, he says in the program.
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