Asian Currencies Subdued as Yen Weakens Ahead of Fed, BOJ Decisions 
German Inflation Accelerates to 2.9% in August 
Zara Owner Inditex Sales Rise 9% in August 
OpenAI Agents Used Websites for Unauthorized Communications 
Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites 
Blackstone Eyes $2 Billion ZO Skin Health Sale 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Gold Prices Steady as Hot PPI Boosts Fed Rate Hike Bets 
Samsung, Qualcomm 2nm Chip Deal Delayed Over Pricing 
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
Norway Core Inflation Rises to 3% in August 
Brazil Court Suspends Sigma Lithium Mine Operations 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Volkswagen Job Cuts Put Lower Saxony Leader Under Political Pressure 
Add as a preferred source on Google
YouTube’s chief executive officer, Susan Wojcicki, is stepping down and personally made the announcement on Thursday, Feb. 16. She made the decision to step back from her CEO role to focus on her family and health.
Wojcicki also mentioned that she is planning to get into personal projects that she has been passionate about. As per Fox Business, the CEO is leaving after nearly 25 years with Google where she spent nine years leading the YouTube video-sharing platform.
The outgoing chief shared she felt the time is right to make her exit. She further shared she is able to leave the company because “we have an incredible leadership team in place at YouTube.”
“Today, after nearly 25 years here, I have decided to step back from my role as the head of YouTube and start a new chapter focused on my family, health, and personal projects I'm passionate about,” she wrote in a blog post that was published on Thursday, Feb. 16.
Neal Mohan, the current chief product officer, has been chosen to take over the CEO role once Wojcicki leaves. The outgoing chief said Mohan who she had worked with for almost 15 years, is the right choice.
“I have spent nearly 15 years of my career working with Neal and he has led our Trust and Safety team, ensuring that YouTube lives up to its responsibility as a global platform. He has a wonderful sense for our product, our business, our creator and user communities, and our employees. Neal will be a terrific leader for YouTube.”
Finally, CNN Business reported that Susan Wojcicki led and supervise YouTube amid the web’s pivotal transition toward social media. She was also at the helm of the company at a time when online platforms came under increasing scrutiny for the spread of misinformation, harmful content, and hate speech.
As she bids farewell, Wojcicki also thanked Googl’s CEO, Sundar Pichai, for his support over the years. She also expressed gratefulness to the company’s founders - Sergey Brin and Larry Page who hired her for “the adventure of a lifetime."
Photo by: Alexander Shatov/Unsplash
