It is in point of fact, Mr Samuel Altman. Lord Sunderland is the gentleman below:
The reason why I point out the obvious – that the very much alive Mr Samuel Altman is not the long dead peer is that despite the differences of nationality and time, the two men are potentially linked – dependent upon possible future events.
Mr Altman (https://en.wikipedia.org/wiki/Sam_Altman) has been the chief executive officer (CEO) of the artificial intelligence company OpenAI (https://openai.com/) since 2019. Lord Sunderland (https://en.wikipedia.org/wiki/Charles_Spencer,_3rd_Earl_of_Sunderland) had taken some part in promoting the South Sea Company (https://en.wikipedia.org/wiki/South_Sea_Company).
Now of course, history tells us what happened with the South Sea Company and why. History has yet to tell us IF Open AI and other similar businesses MIGHT be the subject of a stock market “bubble”.
Personally, I have NO investments in the so-called “tech’ stocks”, nor do I have any stake in any form of crypto currencies. This however does not insulate me from potential negative consequences of a bubble bursting on the NYSE involving tech’ stocks.
This because many “investors” have bought these stocks with borrowed money and many in highly leveraged traded options. These “investors” would be severely hit were a “bubble” burst and many would be forced to sell other assets to pay their debts – or be forced into bankruptcy with the receivers selling these assets for the creditors.
This means that stocks entirely outside the tech’ sector and outside the USA (such as Standard Life PLC) could be affected (https://www.dividendmax.com/united-kingdom/london-stock-exchange/life-insurance/standard-life-plc/dividends).
I have a significant (for me) shareholding in the above company and I am hoping that any such negative market disturbance takes place before the end of October 2026!
Market crashes have a record of incurring in October!
My fingers are crossed!