E76: OpenAI + Microsoft CEO shuffle, SpaceX Starship successful test flight, Brex/Ramp new AI tools | Pre-IPO Stock Podcast – Nov 20, 2023 | Clint Sorenson, Nick Fusco, Aaron Dillon
Episode description
00:15 | OpenAI + Microsoft CEO shuffle
- Sam Altman (CEO) fired on Friday by board of directors
- Greg Brockman (President) and other senior OpenAI employees resign on Friday
- OpenAI investors demand that board bring back Altman, Brockman, and other employees that resigned
- Monday AM ... Microsoft announces that Altman, Brockman, and other OpenAI execs are going Microsoft
- OpenAI announced Emmett Shear is interim CEO ... Shear was former CEO of Twitch
07:48 | SpaceX Starship successful test flight
- Starship delivers 5x the payload capacity as the Falcon 9 and significant cost efficiency
- Starship second test flight was a success; "hot stage separation" and no launch pad damage
- Potential for Starship to revolutionize the transport, freight, and travel sectors
- Watching Starship launches live is a must
- Musk highlighted that three more Starships are in the wings and ready for launch … next test launch could happen in just a few weeks time
14:12 | Brex/Ramp new AI tools
- Brex and Ramp announced AI solutions for business banking
- Are you comfortable with AI handling your sensitive personal information? This crew is not there yet…
- AI is becoming integral in various sectors … has potential to replace traditional roles in industries like accounting, legal, and wealth management
- Brex and Ramp’s businesses are thriving but valuations are down … Brex is down 69% since its last round to $3.8b, Ramp is down 49% since its last round to $4.2b