ChatGPT was released only a few months ago but the artificial intelligence chatbot has already taken the internet by storm. WSJ’s Berber Jin tells the story of the company behind ChatGPT and how the world is responding to this technology.

Further Reading:

-The Backstory of ChatGPT Creator OpenAI

-ChatGPT Creator Is Talking to Investors About Selling Shares at $29 Billion Valuation

-Microsoft Plans to Build OpenAI, ChatGPT Features Into All Products

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The Federal Trade Commission wants to ban noncompete clauses in employment contracts. WSJ's Lauren Weber explains what these clauses are, the surprising number of workers they might affect, and how businesses are reacting.

Further Reading:

- Noncompete Clauses: What They Are and What to Know Before Signing Your Contract 

- FTC Proposes Banning Noncompete Clauses for Workers 

- The Noncompete Clause Gets a Closer Look 

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When a new Miss Universe is crowned this Saturday, she will be the first winner under new pageant owner Anne Jakrajutatip, a Thai businesswoman and transgender advocate. We talk to Jakrajutatip about her views on beauty and how she wants to transform the pageant.

Further Reading:

- Miss Universe Bought by Thai Businesswoman for $20 Million 

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Wednesday or Friday? In-person or via Zoom? As dozens of companies undergo layoffs, human resource executives are grappling with a lot of questions about how to let employees go and avoid public blowback. WSJ’s Chip Cutter walks us through the do’s and don’ts of layoffs.

Further Reading:

- The Debate Swirling Inside HR Departments: How to Lay Off Workers 

Further Listening:

- What Will the Economy Look Like in 2023? 

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Brazil is reeling after supporters of former right-wing president Jair Bolsonaro forced their way into several government buildings on Sunday. Many protesters called for military intervention to oust the newly-inaugurated leftist president, Luiz Inácio Lula da Silva. WSJ’s Luciana Magalhaes explains how the protests could undermine da Silva’s agenda.

Further Reading:

-Brazil Riots: The Aftermath of Pro-Bolsonaro Protests 

-Brazilian Investigators Home In on Suspects in Riot Financing 

-Brazilian Authorities Detain 1,500 Protesters Involved in Riot 

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Silvergate went from a small real-estate bank to the bank of choice for the crypto world’s big players. Then it experienced a historic bank run. WSJ’s David Benoit explains why customers pulled their money from crypto’s top bank.

Further Reading:

- Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown 

Further Listening:

- The Charges Against FTX's Sam Bankman-Fried 

- ‘Do You Expect to Go to Prison?’: An Interview With SBF 

- How Crypto Giant FTX Suddenly Imploded 

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Recently, a slew of states and even the federal government have banned the Chinese-owned social media app TikTok from government-issued devices, citing national security concerns. WSJ's Stu Woo explains what's going on.

Further Reading:

- TikTok Wins a Vote in South Dakota 

- TikTok Ban Debate Moves From Washington to Main Street 

- TikTok Security Dilemma Revives Push for U.S. Control 

Further Listening:

- How TikTok Became the World’s Favorite App 

- Teens Are Developing Tics. Doctors Say TikTok May Be a Factor. 

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For days, the House of Representatives has been at a standstill. A group of conservative lawmakers continues to block Rep. Kevin McCarthy's path to become Speaker of the House. WSJ’s Natalie Andrews explains why some Republicans opposed McCarthy, and what it could take for them to be swayed.

Further Reading:

-Full Coverage of the Speaker Vote 

Further Listening:

-Why the Red Wave Didn’t Happen 

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Severe winter weather impacted a lot of airlines this holiday season. But only one canceled more than 70% of its flights: Southwest. WSJ’s Alison Sider explains how the airline found itself at the center of one of the worst travel breakdowns in years.

Further Reading:

-How Southwest Airlines Melted Down 

-Southwest Says It Maintains Normal Schedule as Airline Processes Bags, Refunds 

-Southwest Airlines Cancellations Continue 

Further Listening:

-While Airlines Shrink, Southwest Goes Big 

-How One Airline Sees the Future of Flying 

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Last year, inflation hit a 40-year high, dealing a big blow to many consumers. On the other hand, unemployment was low and many workers saw wage gains. WSJ reporters Gwynn Guilford and Rachel Wolfe unpack the confusing currents in the 2022 economy and what to expect this year.

Further Reading:

- Inflation Takes Biggest Bite From Middle-Income Households 

- Baking Supplies Cost a Lot More This Year. But That Flat-Screen TV Got Cheaper. 

- Big Banks Predict Recession, Fed Pivot in 2023 

Further Listening:

- How High Will Interest Rates Go? 

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