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EDMONTON, CANADA - APRIL 20: An image of a woman holding a cell phone in front of a OpenAI logo displayed on a computer screen, on April 20, 2024, in Edmonton, Canada.

Artur Widak via Reuters Connect

OpenAI’s nonprofit days are behind it

Big changes are coming to OpenAI.

The company behind ChatGPT started as a nonprofit research lab, but its success has led to an identity crisis of late. Does it want to make money or serve a purpose beyond its bottom line?

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Warren Buffett recently made positive comments about investing in Canada.

Jess Frampton

Buffett's blessing: Praise of Canada sparks economic hope. Should it?

Comedian Jim Gaffigan recalls seeing the ubiquitous Canadian Tim Hortons coffee and donuts shops in America. “I always have the same thought: ‘Don’t force your culture on us’,” he quipped.

The joke gets a big laugh with Canadian audiences, wary about American influence seeping into their country. Lately, though, a bigger concern is that Canada is in danger of being ignored, particularly by US investors.

That is why comments made by Warren Buffett last weekend were welcomed so enthusiastically by Justin Trudeau’s unpopular Liberal government.

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A student of National University of Malaysia walks past displays of the country's "Stripes of Glory" flags at its campus in Bangi outside Kuala Lumpur August 22, 2007.

Bazuki Muhammad via Reuters

Hard Numbers: Microsoft takes Malaysia, Massive (and unknown) startup, Safety first, Don’t automate my news

2.2 billion: Microsoft has its eye on Southeast Asia. The computing giant announced it’ll pour $2.2 billion into Malaysia’s cloud infrastructure over the next four years and will establish a national AI center with the government. This investment is the latest in a string of Microsoft infusions in local economies to help develop AI: In the past month, the company announced a $2.9 billion investment in Japan, $1.7 billion in Indonesia, and a new data center in Thailand, plus a $1.5 billion stake in the UAE firm G42.

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Are markets becoming immune to disruptive geopolitics?
Geopolitics & the economy | Global Stage

Are markets becoming immune to disruptive geopolitics?

There’s no escaping the intricate link between economics and geopolitics. Today, that link has become a crucial factor in investment decision-making, and who better to speak to that than Margaret Franklin, CEO of CFA Institute, a global organization of investment professionals? Franklin sat down with GZERO’s Tony Maciulis at a Global Stage event for the IMF-World Bank spring meetings this week.

Economists once predicted that sovereign debt would overwhelm global markets. But now, having been through the pandemic, the advent of AI, and wars in the Middle East and Ukraine, “there's almost a level of immunity,” she says, “to the dramatic nature of it until something really cataclysmic happens.”

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Global investment manager and business executive Mark Wiseman, seen here in 2017.

REUTERS/Mike Segar

Mark Wiseman on smart choices today vs. eating gruel tomorrow

As business and world leaders converged on Davos this week, we learned that the WEF’s Chief Economists Outlook saw more than half of chief economists predicting the global economy will weaken this year. What does today's global uncertainty mean for business leaders? For your retirement plan? GZERO caught up with Mark Wiseman, a global investment manager, business executive, and expert in private equity, alternative investments, long-term investments, and sustainability, at Davos for some answers. Wiseman is also a senior advisor with Boston Consulting Group and sits on the Board of NOVA Chemicals.

This Q&A has been edited for length and clarity.

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China issues new rules to review foreign investment on national security grounds

December 19, 2020 5:45 PM

SHANGHAI (REUTERS) - China has drawn up new rules that will allow authorities to review foreign investment on national security grounds, the country's state planning agency said on Saturday (Dec 19).

Indonesia closer to setting up first sovereign wealth fund

October 25, 2020 5:00 AM

Regulations on the establishment of Indonesia's first sovereign wealth fund (SWF) will be ready in two to three weeks, and discussions on possible joint investment with foreign SWFs in Indonesian projects have been held with the Abu Dhabi Investment Authority, Singapore's GIC, and the US International Development Finance Corporation (DFC).

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