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In this news:
Key takeaways
- The FBI arrested a former OpenAI employee for allegedly planting a secret recording device in executive meetings.
- Albertsons withdrew its financial forecasts and is reviewing costs and operations following falling sales.
- Global stock markets showed mixed results while Bitcoin traded below $83,500.
Top leadership news
The FBI announced Tuesday that it had arrested Abdulrahman Alfozan, a former OpenAI employee accused of planting a secret recording device in a conference room used for executive meetings. OpenAI fired him after finding the device, though investigators have found no evidence of a leak.
Albertsons withdrew its financial forecasts as executive chair Meg Whitman pushed for faster changes after two straight quarters of falling sales. The company is reviewing costs, operations, and portfolio of brands to improve performance.
Hachette CEO David Shelley told Fortune he writes his own emails and warned that AI-written messages could create a gap between how leaders come across in writing and who they are in person. He also worries that outsourcing writing and reading to AI could weaken executives’ judgment, curiosity, and ability to think on their feet.
The markets
S&P 500 futures are up 0.2% this morning. The last session was flat. Japan’s Nikkei 225 ended the day flat. South Korea’s KOSPI fell 0.4%, Hong Kong’s Hang Seng Index fell 0.1%, and China’s CSI 300 fell 1.4%.
India’s NIFTY 50 is currently down 0.4%; the STOXX Europe 600 is up 0.5% in early trading. Bitcoin is below $83,500.
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