OpenAI's board abruptly let go of their co-founder and CEO Sam Altman on Friday in a shock to the investment and tech world. OpenAI is still a private company but its reach is far and wide as its best-known product (Chatgpt) has created an AI arms race for many of the world's most important companies.
As with much we discuss on this show this is happening in real time but the repercussions could alter the AI space. There are talks that he could rejoin the firm or even start another so we will all have to wait and see what develops.
One of the metrics we follow is RSI (Relative Strength Index). It helps us know whether a particular stock is overbought or oversold. Many of the names we follow are overbought and we discuss how to use this tool to determine when you should think about taking profits as an investor.
