All posts tagged: long weekend

Inflation Is Your Fault – The Atlantic

Inflation Is Your Fault – The Atlantic

You would think, with prices as high as they are, that Americans would have tempered their enthusiasm for shopping of late; that they would have pulled back spending on luxury items; that they would have sought out budget and basic options, bought smaller packages, fewer things. This is not what has happened. Consumer spending rose 0.2 percent, after accounting for higher prices, in October, the most recent month for which the government has data. Online shopping jumped 7.8 percent over the Thanksgiving long weekend, more than analysts had anticipated. The sales of new cars, dishwashers, cruise vacations, jewelry—all things people tend to give up when they are watching their budget—remain strong. Consultants keep anticipating a recession precipitated by the “death of the consumer.” Thus far, the consumer is staying alive. People hate inflation, just not enough to spend less: This is one of the central tensions of today’s economy, in which things are going great yet everyone is miserable. And in some ways, Americans have nobody to blame but themselves. Three years ago, the pandemic …

A Chaotic Week at OpenAI

A Chaotic Week at OpenAI

In many ways, this story is just beginning. Illustration by The Atlantic. Source Jim Wilson / The New York Times / Redux. November 22, 2023, 2:01 PM ET This is Atlantic Intelligence, an eight-week series in which The Atlantic’s leading thinkers on AI will help you understand the complexity and opportunities of this groundbreaking technology. Sign up here. It’s been an unbelievable few days for OpenAI, the influential company behind products such as ChatGPT, the image-generating DALL-E, and GPT-4. On Friday, its CEO, Sam Altman, was suddenly fired by the company’s board. Chaos immediately followed: A majority of the company’s workers revolted, negotiations were held, and now a new agreement has been reached to return Altman to his throne. It’s a tale of corporate mutiny fit for streaming, and we’ve been following it closely at The Atlantic. The turmoil at OpenAI is juicy, yes, but it is not just gossip: Whatever happens here will be of major consequence to the future of AI development. This is a company that has been at odds with itself …