What happened at OpenAI, the place where they make chatbots like ChatGPT, is that some very important people in charge, like the Chief Technology Officer and others, decided to leave the company. This caused some worry among the workers there. But the boss, Sam Altman, and another important person in the company, Sarah Friar, told the workers not to worry, that there are still many important people in the company and that lots of people want to give them money to help the company grow. Read from source...
https://t.co/FJx1yuUJ1L
### bitfinexed:
#Bitcoin dropped -10.76% on Sunday, hitting $20.5k. The total cryptocurrency market cap fell -11.76% on Sunday, standing at $979.49bn. The Bitcoin Fear & Greed Index is signaling a degree of extreme fear, but the index itself could also be over-exposed to fear - per this smart take from @liororodek
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### Markets Research
U.S. Stock Market
Always check the underlying market sentiment while making any trading decision, because they are two sides of the same coin.
### Sentiment:
(05:00 PM ET) The bullish sentiment is at 56.4% (previously: 54.9%) and the bearish sentiment is at 43.6% (previously: 45.1%)
Market Volume:
(04:00 PM ET) The total market volume today (Tuesday, September 27) is 14.6 billion shares (previously: 12.5 billion shares)
Market Breadth:
(04:00 PM ET) The market breadth today is 1,705 advances, 1,712 declines and 142 unchanged.
Market Updates:
1. (04:00 PM ET) U.S. stocks have settled lower on Tuesday after three days of gains, as investors remain cautious about the possibility of a significant interest rate hike by the Federal Reserve.
2. (04:00 PM ET) The Dow Jones Industrial Average has slid 177.27 points, or 0.60%, to settle at 29,280.17. The S&P 500 has lost 28.65 points, or 0.77%, to close at 3,654.79. The Nasdaq Composite has fallen 85.66 points, or 0.83%, to finish at 10,248.16.
3. (04:00 PM ET) The Consumer Discretionary sector has been the worst performer among the 11 major S&P 500 sectors, declining 1.6%. The Energy sector has been the top gainer, rising 2.5%.
4. (04:00 PM ET) The yield on the benchmark 10-year U.S. Treasury note has dipped 1.83%, while the two-year note's yield has slid 1.39%.
5. (04:00 PM ET) In economic news, the Commerce Department reported that the U.S. economy grew at a 2.0% annualized pace in the second quarter, slightly faster than the previous estimate of 1.8
1. The emergence of Artificial Intelligence and the rapid growth of the industry creates a favorable environment for OpenAI. The company's commitment to research and development, and collaboration with industry leaders, positions it to capitalize on the increasing demand for AI solutions.
2. OpenAI's transition to a for-profit model, as well as its potential IPO, may lead to significant returns for investors. However, potential risks include regulatory pressures, competition from other AI companies, and the possibility of declining investor interest.
3. The recent high-profile departures of key executives may disrupt the company's operations and leadership, potentially impacting its ability to meet its goals and investor expectations.
4. Investors should carefully consider the potential risks and rewards associated with investing in OpenAI, taking into account the company's unique position within the AI industry and its ongoing restructuring efforts.