Month: November 2023

  • W48 TWIL: Discoveries in Mexico
  • The Birth of “This Week I Learned”

    The Birth of “This Week I Learned”

    Finance has been the heart of my blogging journey—a world of numbers, trends, and economic forecasts. Yet, as the landscape becomes increasingly complex, I’ve found the pursuit of the latest financial news to be a Sisyphean task, often with little to reflect on in hindsight. It’s time for a change, a pivot to something more…

  • Basic Spanish / English words relating to food

    While traveling in Mexico, I realized how important it is to know a bit of Spanish. Here’s the basic list I’ve compiled to help me along, hopefully it helps you too: Dulce: SweetÁcido: SourPicante: SpicySalado: SaltyAmargo: BitterSabroso / Rico: Tasty / DeliciousLigero: Light in flavor or low fatPesado: Heavy or rich in flavorCaliente: Hot in…

  • OpenAI Employees Demand Board Reshuffle

    OpenAI Employees Demand Board Reshuffle

    OpenAI, the AI research powerhouse, faces unprecedented internal upheaval. Over 730 employees, nearly 95% of the staff, have signed a letter demanding the board’s resignation and the reinstatement of ousted CEO Sam Altman and co-founder Greg Brockman. This revolt follows Altman’s controversial dismissal for alleged communication issues with the board, including OpenAI’s chief scientist, Ilya…

  • Tech Shake-Up: Microsoft Welcomes Sam Altman and Greg Brockman

    Tech Shake-Up: Microsoft Welcomes Sam Altman and Greg Brockman

    In a stunning twist in the tech world, Microsoft has announced the hiring of former OpenAI CEO Sam Altman and co-founder Greg Brockman. This move comes shortly after Altman was dismissed from OpenAI, with the board citing a lack of confidence in his leadership. Microsoft CEO Satya Nadella broke the news, signaling a significant step…

  • Sam Altman Steps Down as CEO of OpenAI

    Sam Altman Steps Down as CEO of OpenAI

    In a surprising turn of events, OpenAI, the pioneering artificial intelligence research lab, announced that Sam Altman would be stepping down from his role as CEO. This significant shift in leadership comes at a crucial juncture for the company, known for its groundbreaking AI chatbot, ChatGPT. Under Altman’s leadership, OpenAI transformed from a non-profit entity…

  • Grab Achieves Profit on Adjusted Basis

    Grab Achieves Profit on Adjusted Basis

    Grab has hit a significant financial milestone. For the first time since its inception in 2012, Grab has reported a profit on an adjusted basis, a promising development for investors concerned about the company’s profitability. In the quarter ending September, Grab posted an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $29 million,…

  • Shein Targets $90 Billion Valuation in Upcoming IPO

    Shein, the Singapore-based fast fashion giant, is setting its sights high for its U.S. initial public offering (IPO), targeting a valuation between $80 billion and $90 billion, as reported by Bloomberg. This ambitious valuation marks a significant increase from its $64 billion valuation earlier this year and slightly below its peak valuation of $100 billion…

  • Uber releases Q3 financials

    Uber releases Q3 financials

    Uber Technologies Inc (NYSE:UBER) has delivered a good performance in Q3 2023, showcasing a robust recovery with a net income of $221 million. This marks a significant reversal from the net loss of $1.2 billion in Q3 2022. The company’s growth narrative is compelling, with Gross Bookings surging by 21% to $35.3 billion, indicating a…

  • Mint.com to be sunsetted

    Intuit’s decision to sunset Mint in favor of Credit Karma has unsettled its vast user base. Mint, since 2006, has been a cornerstone in personal finance management, valued for its no-cost, comprehensive budgeting tools. The transition to Credit Karma brings uncertainty, particularly as it lacks Mint’s advanced budgeting features and raises questions about the neutrality…

  • WeWork Chapter 11 bankruptcy

    In a striking turn of events, WeWork, once a darling of the corporate real estate world, has filed for Chapter 11 bankruptcy protection in New Jersey. This move, as stated in their recent press release, is limited to their operations in the U.S. and Canada. With liabilities soaring between $10 billion to $50 billion, the…