Dow is Up, Santos is Out, and Guest Sixto Cancel | Pivot

Intro

In this episode of the “Pivot” podcast, hosts Kara Swisher and Scott Galloway discuss a range of topics, including the delay of OpenAI’s GPT store launch, the proxy fight against Disney, the investigation into Google’s evidence suppression, the housing crisis, and the foster care system. They also touch on personal matters and travel plans. Throughout the episode, they provide insights and analysis on these various subjects.

Main Takeaways

OpenAI’s GPT Store Launch Delayed

• OpenAI’s GPT store launch is delayed until January due to internal investigations and controversy.
• The delay aims to address ongoing crises and ensure the platform’s readiness for custom versions of chat GPT.
• The company is handling the crisis and retaining its employees amidst attempts to hire them away.

Proxy Fight Against Disney

• Nelson Peltz is back for another proxy fight against Disney, now with Ike Pearl Mutters shares, after his request for board representation was rejected.
• The outcome of the election at the annual meeting will be determined by the stock price, with the possibility of Nelson Peltz putting up an alternative slate of directors.
• Bob Iger, Disney’s CEO, has put on the board the CEO of Morgan Stanley and the former CEO of Sky in an attempt to make the board “bulletproof” from a governance and domain expertise standpoint.

Investigation into Google’s Evidence Suppression

• The judge overseeing the epic versus Google case vows to investigate Google for evidence suppression.
• Testimony reveals Google’s deletion of chats and failure to preserve evidence.
• Good digital hygiene is important, and it’s advised to delete sensitive content.

The Housing Crisis

• Housing affordability is a major concern, with mortgage rates and home prices on the rise.
• A survey found that 85% of Americans believe it’s a bad time to buy a home.
• The Biden administration and VCs are implementing programs and initiatives to address the housing crisis.

The Foster Care System

• The guest, Sixto Cancel, shares his experience in the foster care system and his nonprofit’s focus on transforming it.
• The Biden administration made changes to the foster system, making it easier for family members to foster and receive financial support.
• Technology is being used to gather feedback from foster youth and advocate for their support.

Summary

OpenAI’s GPT Store Launch Delayed

OpenAI’s highly anticipated GPT store launch has been delayed until January. The delay is due to internal investigations and controversy surrounding the platform. OpenAI aims to address ongoing crises and ensure the platform’s readiness for custom versions of chat GPT. Despite the delay, the company is handling the crisis and retaining its employees amidst attempts to hire them away.

Proxy Fight Against Disney

Nelson Peltz is back for another proxy fight against Disney, this time with Ike Pearl Mutters shares. After his request for board representation was rejected, Peltz plans to take his case directly to shareholders. The outcome of the election at the annual meeting will be determined by the stock price, and there is a possibility of Peltz putting up an alternative slate of directors. Disney’s CEO, Bob Iger, has made efforts to strengthen the board’s governance and domain expertise by adding the CEO of Morgan Stanley and the former CEO of Sky.

Investigation into Google’s Evidence Suppression

In the epic versus Google case, the judge overseeing the proceedings vows to investigate Google for evidence suppression. Testimony reveals that Google has deleted chats and failed to preserve evidence. The importance of good digital hygiene is highlighted, as it is advised to delete sensitive content. Companies have a legal obligation to save evidence, and deleting evidence is a crime. Tech companies should be more careful with their communications to avoid legal issues.

The Housing Crisis

The housing crisis is a pressing issue, with housing affordability becoming increasingly challenging. Mortgage rates and home prices are on the rise, making it difficult for many Americans to afford homes. A survey found that 85% of Americans believe it’s a bad time to buy a home. The Biden administration and venture capitalists are implementing programs and initiatives to address the housing crisis. Massive formation of new homes is needed to alleviate the housing shortage and make homeownership more accessible, especially for younger generations.

The Foster Care System

Sixto Cancel, a guest on the podcast, shares his experience in the foster care system and discusses his nonprofit’s focus on transforming it. The Biden administration has made changes to the foster system, making it easier for family members to foster and receive financial support. Technology is being used to gather feedback from foster youth and advocate for their support. The foster care system faces challenges such as outdated technology and bureaucratic processes that hinder the placement of children with family members. Efforts are being made to improve data collection and reform the system.

Conclusion

In this episode of the “Pivot” podcast, Kara Swisher and Scott Galloway cover a range of topics, including the delay of OpenAI’s GPT store launch, the proxy fight against Disney, the investigation into Google’s evidence suppression, the housing crisis, and the foster care system. They provide insightful analysis and discuss the implications of these issues. The episode highlights the need for technological advancements, policy changes, and social initiatives to address these complex challenges.