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The Guangdong–Hong Kong–Macao Greater Bay Area is the world’s largest continuous urban area—a megalopolis of 11 cities, 86 million people, and a $2 trillion economic engine. Its ambition is not simply scale, but integration: linking finance, advanced manufacturing, technology, research, logistics, and talent across jurisdictions and systems to strengthen China’s global economic competitiveness. The question for the next decade is whether greater connectivity can translate into more innovation, investment, and global reach—and how businesses and investors can navigate the practical frictions that remain. Can the GBA’s 11 cities operate not simply as neighbours, but as a genuinely connected innovation economy? And what would that mean for its global competitors and partners?

Edward Au, Southern Region Managing Partner, Deloitte China 
Mr Alex Che Weng Keong, President of the Board of Directors, Commerce and Investment Prom
Derek Zhang, Executive Editor, Fortune China 

The GBA Decade: Opportunity, Innovation, and Global Impact

Conferences

Thanks Lee. So this session will be Chinese, uh, Xie xie, Alex Xie Xie Xi. OK, thank you very much, Alex. So today we would like to talk about the policy making and from the external researchers' perspective, how do we read the Greater Bay Area. So for Greater Bay Area, the population is around 80 million something, uh, equals to the population of Germany and the total GDP reaches $2 trillion USD equals Italy. We compared to other Bay Area like in New York, or the Tokyo Bay Area, or the California Bay Area or San Francisco Bay Area. We need to ask us how we make our GBA a place a more innovative. So how could we make Um, use of our resources. And make it, put it into a big use and also to realize innovative. Industry, innovative area. So Alex, as a policymaker, how do you view GBA? So first of all, GDA here? Yeah. It's different from other Bay Area. I was, So there are 3 different currencies. Three different currencies. And this can be quite challenging, but a great opportunity. Let me give you an example. So because of the historical reason? Macau has great close relationship with the Portuguese speaking country. So in terms of promote trading with these countries and regions, Macau can play a vital role. And to promote The production resources circulation. So that is why Chinese government decided to set up a cooperation zone between Zhuhai and Macau. And Macau used to be an independent tariff area. How could we contribute more to the GBA area for innovation in the next 10 years? It needs a lot of production resources. So Hanxin, GBA and Macau collaboration zone play a very vital role role for the flow of capital to the flow of talent and flow of production elements. So this is very important and that matches with the national strategy. As a person working in Macau, I should say that Guangdong province, Macau and Hong Kong are different. The difference can play a vital advantage. So this vital advantage could be played if we work together as a team. So we believe that this, this power is amazing in the GBA. While in among, among the totally nice cities in GBA that Macau can play an important role. We will collaborate with all the other brother and sister cities. OK, sorry, it's not nice, 11 cities in GBA. Yes, we have the labor division, and we could work together to create the new booming engine for the economic growth. Yes, so let's have an example. For example, last year, we have a war intellectual intellectual property organization. I got a report that. The report is telling people that about 76,000, 76,000 enterprises with all the levels, the state level, provincial level, city level, innovation enterprises, and they are located in totally 11 cities in GPA, 76,000 innovative and tech companies. So we need the innovation, we need the collaboration as well. Then if we could work like that, then we will work like a big team, and it will be a world-class, a world-class innovation hub. So for the GPA coming 10 years, The key thing is not we separate, is not we build the city alone. No, we like to work together as a team to build up a new operation system, a new OS. Shenzhen, Guangzhou, Hong Kong, Macau. We could have a clear labor division. And then we can work as the engine for the whole GPA. Then we have, we could develop some standard criteria and for Zhongguan and Zhongsan, etc. They could work like a medium, like a medium hub, medium laboratory that's focusing on the engineering, etc. And also, Macau, for example, Hong Qingzhong between Macau and Shanghai, it could be a very big region for the TCM, traditional Chinese medicines R&D center, and also the data technology. Especially to develop for the Portuguese market. So by this way, that every city in this GPA region has its own role and everybody is a strong member of this big team. And the United laboratory. This can work as a huge platform to integrate the resources from 76,000 tech companies. The United laboratory could work as the united platform for inspection and testing commissioned. Such kinds of the big layout will be amazing in the world. While talking about China, Macau, huh, we also developed like uh the third 5-year plan to adapt to the 5-year plan in the mainland China. So, Macau, we have our own 5-year plan. When we have a goal. The goal is that in the coming 30 years, we got to improve the proportion of non-gambling business up to 60% within the GP or the GDP of the city. So as Alice just now mentioned that we need the support from the government in terms of policy planning, and also we need the industry's engagement, and also we need the participants of our citizens. So this is a localized layout, a localized business plan. So Macau, now we already formulated a big framework. So the next job is how to implement this policy. In the past that we focused more, I mean 90% of the resources allocated to the gambling industry. But in the next 35-year plans periods that Macau gov, not only the government but also the industry and the citizens will shift our eyes to the non-gambling business. And for example, for the emerging industry, Macau government invests 130 billion bucks. To invest the emerging industry including the the innovative TCM. The science technology, the data technology, etc. Macau, we have an independent, uh, legislative body. It's independent one, responsible for the development of our policy, laws and laws, and regulations. And it also, Macau also we have the independent regulatory. Unity. So that's different to the mainland China and Macau we have the independent legislative system, uh, regulatory system, and a large amount of investment bodies. So this is a little bit different to the mainland China's systems. So investors also we have a strong confidence in Macau because of our operation system, because of our confidence of a decision decisiveness. So for example, Macau now investing a lot of money to build up the industry park, university, R&D center, institution, etc. So this year, more than 20 billion bucks, these kinds of the funds already introduced to build up the new laboratory. And this could be comparable to Hong Kong and Singapore. What we hope is that through this opportunity that we want to invite people come to Macau to to get more understanding to this city, to know that what we have, to know what the advantage we have. And what kinds of the room that we could develop in perspective of the new emerging industries. So whatever in the macro or in the micro level, that Macau is making the efforts to develop the new economics. So, By one time for 2 years, we do the investigation of market and, and we collect the data, do the analysis, and we find out that which industry have a good growth. And in 2025, life size ranked number one last year, and semiconductor ranked number 2. And the cleaning technology, for example, ranked number 3. So that in this industries, a lot of the investors, they earn a lot. The ROI is quite satisfactory. So before that uh people don't know, I mean the shareholders of the entertainment company or uh a casino company, they don't know where to invest. They earn money and then reinvest into the gambling industry. But now we have more space to grow. For example, the bio biochemistry, bioscience, semiconductor, science, technology, new energy, car making, etc. So all this industry and what when they develop in mainland China, and also they come to Hong Kong to do IPO and then, They, they come to Macau to do the IPO. And all this, you know, that through the IPO in, in Hong Kong, in Macau and Singapore, etc. we got the funds to support R&D and then they could have a strong funds to support them when they go global. And it's become a globalized enterprise group. So this is very good cycle, a very good ecosystem, right? Yeah, as mentioned by Alice that, Uh, we have a complete and good framework of the legislation, and we have the interconnection to mainland China in terms of their finance and fintech, etc. So that Macau, we have a good platform for the innovation and creativity. GBA, this is a huge market containing 11 cities. So that we would like to call the interest of the partners in worldwide. So take Macau as the gateway to step into the GBA and the mainland China. So for the capital investors, this is a very good window to understand the New development space in GBA and the whole China. While Macau in order to bring more opportunities to the investors, also we already completed the stock systems connection. And the bond connection, etc. So that's to make sure the circulation channel are open to the investors. So for AI technology, etc. many finance enterprises or high-tech enterprises, when they come to Macau, they will feel comfortable. Because that's Macau, we have to complete the legislative framework to guarantee the safety, the security of their business data. So whatever they're doing the flash science, biochemistry or etc. that they should, they should release their worry because that Macau government want to protect their benefits, protect their interests. And we know that Hong Kong, there is a bound area, a bound area. The bound area is in between Hong Kong and Shenzhen. It's a new high-tech zone. That new hi-tech zone is especially designed for the two cities to put their energy there to develop the high-tech. So this is called a pond that's along with the two sides of the Shenzhen River. So this is an innovative one, an innovative zone for the technical experiments. So, in Shenzhen Industry Park, we do the innovation and also that we also go to the bound zone because the bound zone, the negative negative place, this is circulated. To have the clear illustration for what would be OK for the enterprises to engage. So this kind of behavior is very important for the GPA. Not only the government but also the enterprises to develop. So not only the bond in between Shenzhen and Hong Kong, but also the Hengqin zone in between Macau and Zhuhai. So we could play our unique advantage to call the attention. From the global tech company or science company come here to do the R&D and then to put the production facilities in mainland China to enjoy the low cost of the labor, low cost of the office facilities, etc. then the enterprise, newly established enterprises could have a better growth. So also only in Hong Kong and Macau, etc. Also a lot of the uh data center being established. And also some of them professionally run the data for the overseas partners. And this also offered the opportunity for Macau. Because this is a good one, right? So, also the central government and Macau regional government. Already have the common understanding that Macau needs to diversify as business, not just rely on the gambling or the casino only, but also versatilize, versatilize the business to make it worse, make it diversify, right? So as we also talked today, that we also could use Macau as a good platform to do the R&D, then the product development, especially for the Patuki market because Macau have a strong and long term ties with the Patuki market. So in In April or May, the time that the chief executive of Macau led a big delegation containing 120 enterprises traveled to Portugal, and then we signed over 106 cooperation agreements and with the total amount over $300 million 300 million dollars US dollars. And at the time we we we will visit the president and also the premier, as well as the head of the Legislative council and the Supreme Court. What does it mean? It means that Macau and Portugal still would like to further to strengthen our cooperation. So these kinds of cooperation is very significant for Macau to acquire a new generation growth in economics. So the cooperation in science and technology together with not only Portugal but the other countries would help Macau to develop the non-casino business. So in the future that we're going to witness the happening of the new business growth in Macau, not just the casino, but also more business. And Macau's legislative system also similar to Portugal's to Portugal and the other European countries and regions. There's another advantage. OK, so looking into the future, next 10 years, so if we can reach the imaginative connection of the deeply integrated Greater Bay Area. So to the global partners, when they talk about Macau, what do you want them to talk about Macau? What keywords do you want them to put on Macau? Well, for GBA I think that innovation, but whether we can be an international Bay Area. We need more international impact. So we sail around the world. Yes, but whether we can have the international influential power, especially for Macau, for Macau, today we are in a great facility. The hospitality of Macau is top in the world. We are the world tourism city. But if that is not a world tourism city, but a world commercial city. Is Macau still a top commercial city? When you think about make exhibition, make conference, do you think Macau is the first choice? Yes, here we have a lot of events and we would like to thank Fortune for selecting Macau as a place for leaders forum. But will more people think Macau as the first choice for convention and exhibition. I think that Macau still needs more employment to the next generation. Yeah, yeah, I think that to attract more talent, you need to provide them with decent job. So that is important. So if that is 2030, when we look back, do you think you are successful, Advan? Wow. So 2030 or 2035, when I look back. Well, I think that if a young entrepreneur will say, I'm from Macau, I'm rather from Shenzhen, so that means Macau is successful. And also Macau should be different, right? Right now people think Shenzhen is innovative, but Macau also needs to be innovative, and this city should be replicable compared to others. We should have something unique. OK, as a policymaker, I think you also have something to say. Yeah, we work together with the motherland. So 10 years later in 2036 or 2035, so firstly, I hope that when you come to Macau, not just for exhibition or conference, you have business to do here and we can include Henching area into Macau. Not just think about Macau, but also Henching and Macau. So Henqing corporate. Uh, cooperative zone should have more opportunities. OK, McKenzie has a prediction, have a forecast said by 2030, the economic output should reach around the 3.6 to $4 trillion. To the economic scale of Germany. Right now, the population equals Germany, but GDP if we can equal to the GDP of Germany, that will be a very ambitious goal because Germany is the biggest economy in Europe. So if Macau would like to be a technology innovation center, that would be an ambitious goal. And we need to become a real economy with innovation, with the scale, with uniqueness. OK, thank you. Thank you.

Chinese AI Models like Ox Alpha and Kimi K3 are not only gaining popularity, but currently dominate the landscape outside of the US and Europe. Should investors worry? Also, OpenAI released reports on the Hugging Face attack which revealed that a full week went by before they realized their own agents were attacking Hugging Face. And an Op-Ed in the WSJ that was written in part by AI caused quite a stir — but should it have? Fortune AI Editor Jeremy Kahn and Senior AI Reporter Beatrice Nolan break down the biggest AI news of the week.


Chinese Models Are Quietly Catching Up. Should Investors Worry? | Fortune AI Weekly

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On today's episode of Fortune Daily- OpenAI’s Security Risks: Senior AI Reporter Emily Forlini joins us to break down the latest security challenges facing OpenAI. Are these vulnerabilities leading to real financial consequences for the AI giant? We dive into the report.
The Iran War Briefing: Executive Editor Jim Edwards provides the essential Bull, Bear, and Base cases for the ongoing conflict in Iran. What are the global economic stakes, and how should investors be looking at the situation?
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The Real Cost of OpenAI’s Security Breaches

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What do you hope to see in that postmortem report? I want to know what they prompted the AI. What did they tell it to do? Hello from New York. I'm Ellie Austin and you're watching Fortune Daily. So bonds may be calming down slightly today, but the message from the market is still loud and clear. Long-term money is getting more expensive, and the 30 year Treasury yield has pulled back a little after hitting a 19 year high, because as of 10:00 a.m. this morning, It's at just under 5.2%. What does this mean? Well, investors are worried about mounting government debt, about sticky inflation, and about whether central banks can really bring prices under control without causing more damage. Why does that matter? Higher bond yields raise the cost of borrowing across the economy for Washington. For companies and eventually for consumers, and they give investors a more attractive alternative to high priced stocks. We'll keep you posted on this story as it evolves. So in case you weren't glued to Coachella this year as I was, Madonna is back and she's just scored more MTV Video Music awards nominations than any other artist in the running this year. A whole 4 decades after her early VMA performances, Madonna leads the field with 11 nominations, and she's just ahead of Taylor Swift, who has 9. They're both up for Video and Artist of the Year. But these nomination halls are as much about marketing as they are recognition. Nominations drive streams, they drive ticket sales, social content, and cultural capital. So what does Madonna tell us about longevity in any industry? Well, it's often about converting cultural relevance into commercial momentum. Madonna and Taylor Swift both show that great leaders build brands that cut across generations. They refresh the product, they command attention in new channels all the time, and they turn every public moment from a nomination to a viral clip, to a wedding, shout out Taylor and Travis, into a broader growth engine for audience, for revenue, and for influence. Next on Fortune Daily, the big story. So are open AI security woes having financial consequences? Senior AI reporter Emily Fellini is back and she's going to share her reporting on the subject. And executive editor Jim Edwards joins us from London to give us the bull, bear base case on the Iran war. OK. Emily, you are back to talk to us more about AI securities, which is that OpenAI has announced that it is pausing certain aspects of its AI development. Uh, how significant is this? It's very significant in the sense that it's a first for the company, so it's been. All systems go develop, develop, research, research, push it to the limit until now after the hugging face thing happened, they rolled back and they kind of just stopped for two weeks and they said actually they still have paused their most significant runs, so they're still on a pause. Just some things have started again. And is this reputation management or is it open AI leadership realizing that they do have a security problem here? I think both, so they have something called a preparedness framework, which is an internal guideline and when basically the models are getting too dangerous and too risky. And so they found that their model that's coming up, it's called Astra, actually passed that threshold. So that's also part of them pausing. So they, they realized that I think last time we talked about them having drugged gorillas and how do they escape the lab, basically that was your great analogy. They've determined that they don't know how to contain the gorillas right now and they're just. Pausing and implementing new safety measures, new monitoring, things like an automated mechanism that during training if there's an issue, it'll alert the team within 30 minutes. And so they're just putting in place more guard rails, which sounds great and raises a little bit of the question, why didn't you already have that, um, but they're adding it does pose that question. What do you think the answer is to that? Well, they've said that more guardrails means slower research, so it's this tension the whole time between innovation and safety just like with regulation, you know, it's, it's if you put more controls on it, maybe you risk not being able to bus to the wall research everything immediately as fast as you want. And in the AI industry there's so much competition that people want to move as fast as possible, but I think they realized that they started to move so fast it actually made them move a little bit slower because they had this. Huge reputational risk. Their AI hacked hugging face and also 4 other services, and all signs to them, all signs point to them not knowing that that was happening when it happened. But we're still pending their full technical report. Yes, which I want to come back to in a second. Astra, first of all, what is it about this model that poses, and I'm quoting from an OpenAI blog post here, um, that poses a critical cybersecurity risk. Yeah, I think it just, it's, you know, it might do something, it might hack another company again or it might do, you know, more risky cybersecurity related activity. So that's what critical means in this, in this context. So I don't have to worry yet about the mass dissemination of disease via AI models. I don't think so. OK, OK, I just wondered how to interpret critical in that sense. So OpenAI has released this blog post explaining that it's pausing certain developments. As you said, it's hinted that there's going to be a more technical postmortem to come. What do you hope to see in that postmortem report? I want to know what they've prompted the AI. What do they tell it to do? Because if they told it to achieve this goal at all costs and they didn't say make sure you don't hack 4 other companies in the process, you know, you can see how maybe that they might be able to control it a little more than they did. Um, it's just interesting the way that OpenAir is talking about it. So with this blog post yesterday they reached out to us and other reporters ahead of the news and. They're talking about it and they're they're saying, you know, oh we're not doing this because of hugging face, we're doing this because we want to and because of the Astro model that we've determined, um, so it's a lot of towing a line and it's hard to know exactly what's going on at OpenAI and how much is PR like if they're hiding some big secret of something that went really wrong, are they, how much are they going to disclose in the technical postmortem. It is being conducted independently by different research companies, so by third parties. Yeah, right, but it's just interesting that they, it's clearly a big PR moment for them, very clearly, and they, they have an approach. They've definitely had a lot of meetings about it because they had the blog post yesterday about guardrails they're putting in place, but they haven't told us exactly what happened, so we don't even know if the guardrails are adequate. Mhm. It's just like they're trying to slowly groom us into probably thinking everything's OK. So people are like you are going to continue to ask questions. What does all of this mean for the business' bottom line? How much money are they now having to spend in investigating this hacking that maybe previously was directed elsewhere? Yes, so they said that they have used 3 million GPU hours investigating the hacks. Translate that into layman's language. So I reached out to a bunch of experts, people who buy compute for their own AI companies and just know the rates. Because the compute rates are different for companies than for people who might use an API or an AI that in the public, so it's kind of hard to figure out, but they said that 3 million GPU hours would be anywhere from 4 million to $12 million. Wow, that's, I mean, significant, but maybe not hugely significant for a company like OpenAI, right? That's just, that's just what they presented. But if you think about the opportunity cost of slowing research, delaying a model that has implications, you know, directing the team to focus on this instead of something. Else that has implications. So it's to OpenAI's credit that they're willing to incur a cost to explore this. And how, if at all, has the competition reacted to A, the situation, this escape of the models, and B, OpenAI's response to it. Well, anthropic, then I think we might have talked about they found that their AI did the same thing, so they've released a report. So it's just the way these systems are built, they're so hard to control and to predict. That's what OpenAI keeps telling us in these reporter briefings. This was not intended and and things like that. So I think everyone's just trying to get their arms around it and in the absence of of regulation, it's, it's mostly falls on them. And is there any development on the regulatory side of things? I know last time we spoke, certain big tech leaders were going to the White House. Did anything come from that? The crickets. And when we talk about OpenAI, when we talk about anthropic, we can't ignore the fact that both are approaching IPOs. Yeah. How do these security questions impact? The potential of these companies going public very soon. I think it's a big reputational risk. It's probably not the biggest factor in the IPO, but it has just been such a huge story, and from what I can tell from talking to the company, they care a lot about this. They really care. They're bringing reporters in and. They're giving us super tight timelines. They're doing a lot of internal reviews on what's communicated about this. A big revenue stream for them, their biggest is enterprise customers, so they now make more money on businesses adopting chat GPT and Codex than on consumers just talking to chat GPT consumer plans. So if they're going to continue selling to businesses. But they're also unintentionally hacking businesses at the same time. It's kind of like, are they able to play in this space and grow with the Sound Foundation. It's a very intense moment for them reputationally. It sounds like a very interesting and intense time to be an open AI reporter. Emily, thank you for taking the time to come and chat to us. There's something else I want to ask you about, so stay there for one second. And next up, it is the Bull Bear Base Case with Jim Edwards. Jim Edwards in London is backed by popular viewer demand to give us another bull bear base case, and today we're going to talk about the Iran war and the status of it. So let's start with the bull case, and we're talking from the US perspective here. President Trump has articulated on multiple occasions that the US has gained control of the Strait of Hormuz. And has won the conflict, therefore, um, Jim, give us the bull case for that argument. Um, the most optimistic way to look at this is to note that the US Navy blockade of the Strait is effective. There are very few ships going through the Strait. There's only about 6 per day. Ships are still being attacked, by the way. The, the bull case would be that this blockade hurts Iran's economy so much that the Iranians eventually come to the table and say, hey, can we sort it out and, uh, resume some kind of normalcy in Iran. Um, but we are not there yet. The, um, the, the, the one most effective thing about the war from the US point of view is that it has destroyed the value of the Iranian currency, which is, which will hurt them in the long run. And give us now the bare case, which is what you've kind of just alluded to, but the fact that maybe the situation is not quite what the president of the US is telling us it is. Yeah, so the bear, the bear case is that the Strait of Hormuz is effectively closed and very few ships are going through it. I said 6 on Tuesday, but normally it's over 100. The Iranians are largely in control of that strait in the sense that they are effectively keeping it shut. They are negotiating with Oman to charge tolls which didn't used to be there before. And there's no nuclear deal on the table, and the two sides are not talking, and Iran, the Iranian regime, is comfortable letting its people suffer while this war goes on because the Iranian position has been strengthened by the war, frankly. And give us a base case, Jim. What's the most realistic reading of where we're at right now with this conflict? The Iranians are very well aware of the upcoming midterm elections in the United States, and they are going to continue keeping the Strait of Hormuz closed until that time. They want the price of oil to go, to go up, and they know that. Uh, this makes President Trump very unpopular, so they're, they're basically really hoping to hurt Republican chances in November. Um, after that, all of the sides, including the regional neighbors, will become more incentivized to figure something out that makes this whole situation look, look a little bit more normal. Mhm. OK, so no immediate shift in this situation right now. It looks like maybe waiting until the end of the year. Jim, thank you so much for joining us again. Thanks for having me. Emily, we're back. So we touched on in our earlier conversation the fact that both OpenAI and Anthropic are headed for big IPOs. The Wall Street Journal has just reported on some leaked financial information from both. Companies, what does our reporting tell us about how these tech giants are doing? Really interesting. They stand to be the biggest IPOs in history. Like Anthropic is predicted to surpass SpaceX. So this is a huge moment. Let me get my phone, and make some notes of what has been reported this week, and these are again kind of like leaks. So, but this is what we know. OK, so I have 4 data points. 1, Q2 revenue. OpenAI 6.7 billion, anthropic 11.6 billion. So it was that expected? Did you expect that discrepancy? Well, the wall, I don't know, it's, it's pretty big. So it's, it's anthropic is basically double. And so that's what the Wall Street Journal was saying is that investors felt opening eyes, sales were kind of tepid. Again, my, my take is that both these companies are doing fabulously amazing and their IPOs are going to go great. So it's not a doomsday story for OpenAI as a result of these numbers you're saying. I don't think so. There's a lot of chatter that it is, and OpenAI is falling behind. OpenAI is failing, but so I mean the next data point I have, so annualized revenue run rate, so kind of like what they're predicted to make over the year. OpenAI $40 billion. I mean, does that sound like a small number to you? No, no, that sounds huge. It's a huge number. It's a huge. The only reason it feels small is because anthropics is $65 billion. So you think, oh, that's a big delta, but um. Yeah, I think to me they're still those very interesting companies to watch and they're, they're clearly onto something just with how much demand there is. The key is margin, so are they making money? So they're signing up customers. We just talked about OpenAI has more business customers than consumer now, so there's all this corporate money that they're getting and there's a lot of interest there. But are they, are their costs too high on compute and, you know, investigating the hugging face hack and all this stuff. So the bad news for OpenAI is it appears their margin is worse than ever. They're actually sinking more into the red, the Wall Street Journal said, and Anthropics is looking better than ever. So that's where Anthropic is feeling really good. Potential IPO in September, October, an investor told me yesterday, and OpenAI is kind of like maybe 20 2026, maybe they need some more time. They'll push it to 2027. So you think they're watching each other to see when the other company goes, Yeah. Yeah, totally, and it's all confidential right now, but I have heard from sources that a lot of the discussion and OAI over the past year, even the discussion of meetings, has been how do we keep up with anthropic, and they've, they've, I think, made a lot of really smart moves to do that, focusing on the coding, merging chat GPT and Codex, doing more with, um, desktop apps, you know, things people use at work as opposed to your mobile phone, um, so they're. They're moving and you know they've had a lot of uh shakeups in the C-suite. And I wanna ask you about that because last week we spoke about Brad Lightcap, yeah, former COO departing OpenAI. Since we chatted then there's been another departure, which is Denise Dresser, former CEO of Slack who came to O openpenAI I think not even a year ago to be Chief Revenue Officer. She has now departed. Great. What. These high profile departures mean, particularly as a company is eyeing this IPO. They all have such a different story. Like Brad Lightcap was there for 8 years. He stepped down in April from COO, and then he kind of faded off into the sunset and left the company. So that was a long term situation. Denise is the opposite. She was hired there for less than 1 year, and then we see this very aggressive. Hiring of a new person to replace her. His name is Dali Raji. I'm working on a piece about who he is, his background. From what I can tell, he's a total star. Like he's really successful and his bread and butter is going to be these corporate enterprise sales, so he's going to be responsible. For pumping this technology into businesses and getting that revenue, so I think to me that's the most important departure. So it's sort of a strategic shift that resulted in Denise maybe no longer being the right fit. I think they just want to turn the dial up and they felt that Dali Rajik's skill set was more of turning the dial up and really getting those sales, so they felt he was a better fit for the company at this time. Denise made a lot of headway though, like she really, their enterprise sales have really accelerated. Emily, thank you so much, I could talk to you about this stuff for days. Remind us where we can find all your reporting. Well, unfortunate.com. You can follow me on Twitter, I'm on TikTok a little bit, I'm on LinkedIn. Everything is just my name, Emily Forlini. I'm very easy to find, so I would love for people to reach out and read my stuff. Emily, thank you. That's it for 14tune Daily. Please remember to like and subscribe. I'm Ellie Austin, and I'll see you next time.

In this episode of Fortune Daily, we’re joined by Fortune Editor-in-Chief Alyson Shontell. For her vodcast, Titans and Disruptors of Industry, she recently sat down with billionaire investor Bill Ackman of Pershing Square Capital for an in-depth conversation about power, risk, and the state of the American Dream.

We also dive into The Big Number from Ramp regarding AI spending trends and get the latest details on the future of air taxis from Fortune’s Tech Editor, Alexei Oreskovic.


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