What a misstep from OpenAI [Video]
|Big Tech under pressure as Tesla’s trillion-dollar pay package shocks investors and OpenAI asks the US government for $1T guarantees — all while job cuts soar to 2003 levels. Markets are reeling as the Korean Kospi is preparing to print its worst performance since November last year and SoftBank drags the Nikkei lower. The dollar slides, oil dives below $60 and gold tries to hold the line near $4’000/oz. With the Fed, BoE and global uncertainty around AI returns weighing on sentiment and the weirdest newsflow risk appetite remains weak.
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