News from November 2023
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Sam Altman unlikely to return to his position as CEO at OpenAI
By Globe Banner | Nov 20, 2023
``` BBC reports that the former CEO of OpenAI, Sam Altman, has recently posted a photo of himself at the company's headquarters; however, it is unlikely that he will make his way back ever again. This recent development has emerged amidst significant leadership changes at OpenAI. Altman's controversial departure from the company he helped establish has been closely monitored by various media outlets. According to a BBC article, Sam Altman posted on X a picture of...
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OpenAI board called to resign and reinstate CEO Sam Altman
By Globe Banner | Nov 20, 2023
BBC reports that employees of the artificial intelligence company OpenAI are calling for the board of the company to resign after the firing of former CEO Sam Altman. This comes in light of allegations that his dismissal was a deliberate attempt by the board to undermine the company.
Japan's central bank finally expected to come back to monetary stimulus
By Globe Banner | Nov 19, 2023
Reuters reports that some of Japan's biggest employers are going to include new pay hikes in 2024, pushing the average household spending. This move is seen as a strategic effort to stimulate economic growth amidst pressures of inflation and labor shortages.
The construction aggregates market in the US to grow by CAGR of 8.36%
By Globe Banner | Nov 19, 2023
Technavio released a report saying that the construction aggregates market in the US is expected to grow by $17.14 billion from 2023 to 2028. This substantial growth is primarily driven by an increasing interest in sustainable construction practices and government regulations.
Sam Altman, OpenAI CEO, explains new returns for the ChatGPT bot
By Globe Banner | Nov 19, 2023
Reuters reports that the CEO of OpenAI, Mr. Sam Altman, who was recently fired from the position, is now saying there is a possible return for the ChatGPT bot. The turmoil at OpenAI has left investors and employees alike anxious about the future of the company.
The fish sauce market to expand by $915.54 million by 2028
By Globe Banner | Nov 18, 2023
Technavio released a report detailing the growth of the fish sauce market, which will be progressing at a CAGR of 6.83% during the forecast period of 2023-2028. The primary factor driving this growth is an increasing preference for convenience in cooking, as per the report.
At a CAGR of 6.61%, the aircraft engine compressor market grows
By Globe Banner | Nov 18, 2023
Technavio reports that the aircraft engine compressor market is to grow by $11.73 billion from 2023 to 2028, driven by an increase in aircraft deliveries. This growth rate is largely attributed to the increased demand for new aircraft engines amidst a surge in air traffic and aviation expansion in key economic countries.
The global AI in patient engagement market to grow by astonishing 21% CAGR
By Globe Banner | Nov 18, 2023
Research and Markets released a report saying that the Global AI In Patient Engagement market is predicted to grow exponentially in the coming years, reaching $23.1 Billion by 2030. The study predicts the surge due to the increasing utilization of AI technologies in the healthcare sector.
OAS adopts resolution addressing security challenges in Haiti
By Globe Banner | Nov 17, 2023
The Organization of American States (OAS) has adopted a resolution addressing the security situation in Haiti, marking a significant step towards resolving the challenges faced by the nation.
Outdoor recreation contributes significantly to US economy: BEA report
By Globe Banner | Nov 17, 2023
The U.S. Bureau of Economic Analysis (BEA) has published new statistics on the outdoor recreation economy for 2022, covering all 50 states and the District of Columbia.
Global Business and Government Align on AI Governance Amid Market Expansion
By Globe Banner | Nov 17, 2023
In an era marked by rapid advancements and significant market growth in artificial intelligence (AI), global leaders from both government and industry sectors are increasingly advocating for a unified international framework to govern AI development and application. This movement is catalyzed by the recognition of AI's escalating influence across industries and its potential economic impact.
Personal Income Sees Varied Growth Across U.S. Counties and Metropolitan Areas in 2022
By Globe Banner | Nov 16, 2023
The U.S. Bureau of Economic Analysis (BEA) recently released statistics on personal income by county and metropolitan area for the year 2022. According to the BEA, personal income experienced fluctuations across different regions.In 2022, personal income saw an increase in 1,964 counties, a decrease in 1,107 counties, and remained unchanged in 43 counties. The metropolitan portion of the United States recorded a 2.1 percent increase in personal income, while the nonmetropolitan portion saw a 1.3 percent increase.The data revealed significant variations in personal...
Starbucks workers stage walk out on Red Cup day
By Globe Banner | Nov 15, 2023
BBC reports that Starbucks Workers United is planning to walk out of numerous stores on Thursday, one of Starbuck's busiest days of the year, 'Red Cup' day.
Votes on GM's labor deal with UAW counted today, looking towards success
By Globe Banner | Nov 15, 2023
Reuters reports that the labor deal between General Motors and the United Auto Workers union is coming to a close with votes being counted today.
Google & Alphabet Introduce ‘AI Opportunity Agenda’
By Globe Banner | Nov 15, 2023
Google & Alphabet recently released what they are calling the ‘AI Opportunity Agenda,’ targeting global business and government leaders with policy recommendations for artificial intelligence development and application.
Citi to serve as depositary bank for Will Semiconductor's GDR Program
By Globe Banner Report | Nov 15, 2023
Citi announced that Will Semiconductor Co., Ltd. Shanghai ("Will Semiconductor") has selected Citi's Issuer Services represented by Citibank as the Depositary Bank for its Global Depositary Receipt ("GDR") Program. The GDR Program was initiated alongside a $445 million offering of GDRs by Will Semiconductor, priced at $14.35 per GDR, according to a press release by Citi.
Citi releases its 'Treasury Leadership: Does it Matter?’ study report
By Globe Banner Report | Nov 15, 2023
Citi recently unveiled its latest study, "Treasury Leadership: Does it Matter?" indicating that companies fostering treasury teams as industry leaders experienced improved financial performance. The study highlights a correlation between top treasury performance and company profitability, according to the report provided by Citi.
EU Urged to Recognize Economic Migration's Role in Addressing Labor and Skills Needs
By Globe Banner | Nov 15, 2023
BusinessEurope Director General Markus J. Beyrer has emphasized the importance of economic migration in addressing Europe's labor and skills needs. Beyrer stated, “It is high time that the EU acknowledges the role of economic migration in helping to address Europe’s labour and skills needs.”Beyrer also highlighted the potential impact of the proposed Talent Pool, saying, “The proposed Talent Pool can be a game changer in making Europe a more attractive destination for the needed skilled workers from third countries around the world. Helping to match skilled third-country...
OAS addresses political tensions in Guatemala with new resolution
By Globe Banner | Nov 15, 2023
The Organization of American States (OAS) has adopted a resolution concerning the situation in Guatemala, following recent political developments that have raised significant concerns.
World Trade Organization announces €2 million contribution from Spain for WTO Fisheries Funding Mechanism
By Globe Banner | Nov 14, 2023
The World Trade Organization (WTO) announced Spain has pledged a donation of EUR 2 million to the WTO Fisheries Funding Mechanism, aiding developing and least-developed countries in implementing the Agreement on Fisheries Subsidies. The contribution was presented to WTO Director-General Ngozi Okonjo-Iweala by Secretary of State for Trade Xiana Méndez, according to a press release by WTO.