World Business Report
Analysis of the big global business and economic issues, as they affect consumers and investors. Broadcast on weekdays.
Former CEO Sam Altman reinstated as OpenAI boss
Sam Altman will return to his job as CEO of artificial intelligence OpenAI, the non-profit behind the popular bot ChatGPT. Mr Altman was removed from his position on Friday. Staff at the firm threatened to resign if Mr Altman was not reinstated. Also on the show, another blow to crypto…
Binance boss pleads guilty to money laundering
CZ, the founder of the world's largest cryptocurrency exchange has stepped down and the company will pay a fine of more than $4 billion dollars. Changpeng Zhao said in a post on X, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and…
Microsoft Chief Executive Satya Nadella calls for change at OpenAI
Satya Nadella chief executive of Microsoft has called for change at OpenAI after it fired co-founder Sam Altman on Friday. Mr Altman was appointed to a senior role at Microsoft on Monday as hundreds of his former employees called for him to be reinstated. Microsoft is OpenAI's biggest investor. Also…
OpenAI employees threaten resignation over Altman sacking
Following the firing of CEO Sam Altman, almost all of OpenAI's 770 staff have signed a letter threatening to resign unless he is reinstated. Microsoft's stock reached a record high after it said Mr Altman would be joining the company to head its artificial intelligence innovation leg. Sam Fenwick hears…
Ousted OpenAI boss Sam Altman takes new position at Microsoft
Microsoft has hired Sam Altman, former boss of OpenAI best known for the artificial intelligence bot Chat GTP, 48 hours after he was dismissed from the company. Chief Executive Satya Nadella announced on X, (formerly Twitter) that Mr Altman had join the company as lead of a “new advanced AI…
Sam Altman ousted as CEO of OpenAI
Sam Altman, the head of artificial intelligence firm OpenAI, has been ousted by the company's board, which said it had lost confidence in his ability to lead the company. We look at what this means for the company going forward and who will be replacing him? Also is Amazon moving…
AI chief quits over ‘exploitative’ copyright row
Is it ok for tech firms to exploit other people's copyrighted work in order to develop artificial intelligence? AI routinely uses smart-learning to feed off existing internet content to train and develop its algorithms, and in many cases, that's someone's intellectual property. But is there a copyright issue here? One…
Would you buy a car from Amazon?
We buy everything online these days. But what about a car? E-commerce giant Amazon has partnered with Hyundai. The South Korean car giant will be the first brand sold on the site. We hear why this deal will change the way we buy cars going forward. We take a look…
Joe Biden hails progress after Xi Jinping talks
China is ready to be a partner and friend of the United States, and there is plenty of room for bilateral cooperation, President Xi Jinping told American executives in San Francisco on Wednesday. President's Xi and Biden announced steps to tackle the flow of the opioid fentanyl into the US,…
Biden and Xi meet for first time in a year
US President Joe Biden and Chinese President Xi Jinping are meeting in San Francisco, California to discuss relations between the two countries, which deteriorated earlier this year. We find out what this means for them going forward. The union representing thousands of Starbucks workers in the US will stage a…
The US and China try to reach trade deals
The US President Joe Biden is meeting Chinese leader Xi Jinping in California today in what some commentators are seeing as a key diplomatic moment for the superpower's relations. It's the first time in a year that they've met for talks. Some are hoping that it may ease friction over…
Xi-Biden meeting: What to expect
The presidents of the US and China will meet in San Francisco, where the Asia-Pacific Economic Cooperation summit is taking place. It's the first time they will meet in a year. We look at what might come out of the event. The US and the UK have announced new sanctions…
US inflation shows signs of cooling
Inflation in the US cooled to 3.2% in October - better than most analysts expected and seen as being down to declining petrol and housing costs. The consumer price data sent US stocks up - the initial reaction has been that this eases pressure on the Federal Reserve over the…
Are energy firms slowing down on new fossil fuel exploration?
The BBC has seen figures that show crucial climate change advice is being ignored by most major energy companies. Research shows 96% of them are planning more drilling. We hear more from our correspondent. A summit is underway in Kenya aimed at securing a global agreement to curb plastic pollution…