Business digest
Microsoft hires
ChatGPT's CEO
The company that created ChatGPT is in turmoil after Microsoft hired its ousted CEO and many more employees threatened to follow him in a conflict that centered in part on the safest way to build artificial intelligence. The developments followed a weekend of drama that shocked the AI field and fueled speculation about the future of OpenAI. The startup's new CEO vowed to investigate the firing of co-founder and CEO Sam Altman. He's been instrumental in OpenAI’s transformation from a nonprofit research laboratory into a world-renowned commercial startup that inaugurated the era of generative artificial intelligence. Microsoft announced that Altman and OpenAI’s former president, Greg Brockman, would lead its new advanced AI research team.
Fed: Avoiding
possible recession
WASHINGTON — Austan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested that the economy appears to be on what he calls the “golden path,” another term for what economists often term a “soft landing,” in which the Fed would curb inflation without causing a deep recession. “Any time we’ve had a serious cut to the inflation rate, it’s come with a major recession,” Goolsbee said in an interview with The Associated Press. “And so the golden path is a ... bigger soft landing than conventional wisdom believes has ever been possible. I still think it is possible.” At the same time, he cautioned: “I haven’t moved so far as to say that that’s what my prediction is.”
Vogt resigns as
CEO of Cruise
Kyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit. His decision to step down, announced late Sunday, follows a recall of all 950 Cruise vehicles to update software after one dragged a pedestrian to the side of a San Francisco street in early October. Cruise won approval to transport fare-paying passengers last year. Since then, the vehicles have drawn complaints for making unexpected, traffic-clogging stops that critics say inconvenience other travelers and may imperil public safety. Problems at Cruise could slow the deployment of fully autonomous vehicles that carry passengers without human drivers on board.
Flight attendants
ask to strike
FORT WORTH, Texas — American Airlines flight attendants are asking federal officials for the right to go on strike, possibly before the end of the Christmas and New Year’s travel rush, but American said there was “no possibility” of a walkout over the holidays. Leaders of the flight attendants’ union say they are frustrated with the lack of progress in negotiations over a new contract for workers who have not seen raises since 2019, and on Monday they asked the National Mediation Board on Monday for permission to strike after a 30-day “cooling-off period.” Southwest Airlines pilots might make a similar request by the end of the month.
Canned seafood
moves beyond tuna
SAN FRANCISCO — It looks like the U.S. canned seafood industry is moving well beyond tuna sandwiches thanks to a culinary trends that emerged from the coronavirus pandemic. Canned mackerel, sardines and squid gained in popularity when Americans were stuck at home cooking from their cupboard staples. Since then the U.S. market has expanded, fueled by social media influencers touting the benefits of the high-powered protein food in beautiful, brightly colored metal containers. U.S. canned seafood industry dollar sales have grown from $2.3 billion in 2018 to more than $2.7 billion so far this year, according to market research firm Circana.
From Gazette news services
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