Digital
Moneycontrol Wealth Summit spotlights markets and investing trends
Finance leaders decode volatility, regulation and long-term wealth strategies
MUMBAI: Moneycontrol brought the world of finance into sharp focus at the second edition of Moneycontrol Global Wealth Summit 2026, presented by IDFC FIRST Bank. The event gathered leading voices from markets, policy and global investing to unpack the forces shaping wealth creation in uncertain times.
At a moment when global markets are being pulled in multiple directions, the summit turned into a sounding board for investors looking to make sense of volatility and opportunity alike. Conversations ranged from geopolitical risks to regulatory frameworks, all with one common thread of long-term thinking.
SEBI chairman Tuhin Kanta Pandey, urged investors to stay patient amid market swings driven by geopolitical tensions, energy disruptions and rapid information flow. He noted that volatility is now a defining feature of modern markets, but cautioned retail investors against reacting impulsively to short-term movements.
Meanwhile veteran investor Ramesh Damani, struck a more reflective note, suggesting the post-pandemic bull run may be nearing a pause. He encouraged investors to focus on understanding business fundamentals rather than getting caught up in price movements, adding that how markets respond to news often matters more than the news itself.
Former board member at Securities and Exchange Board of India Ananth Narayan G, turned the spotlight on India’s derivatives market. He pointed out that the dominance of short-tenure contracts could be a structural weakness and suggested that regulators and exchanges explore ways to make longer-duration contracts more attractive.
As investors navigate an increasingly complex global landscape, the summit offered both clarity and caution. It reinforced a simple idea that while markets may sway in the short term, informed and patient investing remains the surest path to building lasting wealth.
Digital
OpenAI’s Stargate lead Peter Hoeschele exits with two senior leaders
Trio behind compute push set to join new startup amid leadership reshuffle
SAN FRANCISCO: Peter Hoeschele, a key figure behind OpenAI’s early Stargate data centre initiative, has exited the company, according to a report by The Information.
The departure is part of a broader leadership shift, with two other senior executives, Shamez Hemani and Anuj Saharan, also set to leave in the coming days. All three are expected to join the same new startup, although details about the venture remain under wraps.
The trio played a central role in OpenAI’s Stargate effort, an initiative aimed at building large-scale data centre capacity in-house to reduce reliance on external infrastructure providers. Their exits mark a notable moment for the company’s compute strategy as it continues to scale rapidly.
OpenAI spokesperson said in a statement to The Information, “We’re grateful for the contributions Peter, Shamez, and Anuj have made to OpenAI and wish them the very best in what comes next.” The company also pointed to the recent appointment of Sachin Katti to lead its industrial compute organisation, signalling continuity in its infrastructure roadmap.
OpenAI has indicated that it does not plan to directly replace Hoeschele’s role, suggesting a possible restructuring of responsibilities within the team.
As competition intensifies in the race to build next-generation AI systems, leadership changes in core infrastructure teams are likely to draw close attention. For now, the spotlight shifts to what this departing trio builds next, and how OpenAI adapts as it scales its ambitions.
