OpenAI will release its GPT-4.5 and GPT-5 models within "weeks" and "months," CEO Sam Altman said in posts on X Wednesday.
Yes, but: Altman's "roadmap update" says that the o3 reasoning model, previewed with fanfare in December, won't get its own independent release, as originally planned, but will instead be integrated into GPT-5.
The New York Stock Exchange is announcing plans to launch an equities exchange in Texas.
Why it matters: The move comes amid growing interest in corporate America in locating operations in Texas, viewing the Lone Star State as business friendly.
Several of America's largest companies have buckled to the pressures of political and shareholder activists by rolling back their commitments to diversity, equity and inclusion.
Why it matters: Calls for ending these corporate initiatives have become more fervent in the past year and have intensified at the start of President Trump's second term.
The Trump administration has released a slate of nominations this week, and key positions, such as to head the Commodities Futures Trading Commission and a major banking regulator in the OCC, have gone to nominees with ties to the cryptocurrency industry.
Why it matters: There's an adage that personnel is policy, and the appointment of crypto industry veterans — who served during an era of regulatory skepticism — is further signal that the President intends to make digital assets a priority.
Bankrupt arts and crafts retailer Joann is closing about 500 of its 800 stores, the company announced Wednesday.
The big picture: The retailer is pursuing a bankruptcy sale of its assets but has determined that many of its locations won't attract a buyer, its lawyers said Wednesday in a court filing.
Google's removal of certain holidays and cultural events from the default settings on Google Calendar has gained more attention this month, even though the company said themoves took place last year.
Why it matters: The removal of events like Pride Month from G-cal comes asPresident Trump has taken aim at diversity, equity and inclusion policies. As a result, major companies have rolled back their DEI efforts.
The egg crisis is getting so acute, that it's almost a better deal to have a burger for breakfast than an omelette.
Why it matters: President Trump campaigned on lowering Americans' grocery prices — but in the early days of his administration, it's getting harder, not easier, to affordably feed a family a nutritious meal.
Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles wildfires, after the state's insurance regulator approved an industry-wide levy for the insurer of last resort.
Why it matters: The $1 billion assessment for the California FAIR Plan is not as bad as some feared but has prompted renewed calls for reform as the state faces ever-growing, climate-fueled risks.
Inflation moved higher in January: The Consumer Price Index rose 0.5%, while a measure that strips out energy and food rose 0.4%, the Labor Department said on Wednesday.
Why it matters: It's a warning to the White House and the Fed about inflation's potential staying power across the economy.
The Foreign Corrupt Practices Act stands at the center of the global fight against bribery and corruption, and for the time being, it has been largely neutralized by Donald Trump.
Why it matters: The president's executive order pausing FCPA enforcement may act as a green light for corporate executives, both foreign and domestic, who have a high risk appetite and few ethical scruples about bribes and other forms of corruption.
President Trump's early tariff moves have one thing in common: No matter the target, they all threaten to "blow a hole" in the auto industry, Ford CEO Jim Farley said Tuesday.
Why it matters: Whether the tariffs are national (Canada, Mexico) or material (steel, aluminum), the industry fears the same effect — millions of cars a year coming in from Asia and Europe with a sudden cost advantage.
President Trump signed an executive order Tuesday requiring federal agencies to work with the Elon Musk-led DOGE to make "large-scale" workforce reductions.
Why it matters: The order that's titled "Implementing The President's 'Department of Government Efficiency' Workforce Optimization Initiative" gives DOGE even more powers, just as the Trump administration faces several lawsuits accusing it of violating privacy laws.
AP said Tuesday it was blocked from the Oval Office after the White House threatened its access for not aligning its editorial standards with President Trump's executive order renaming the Gulf of Mexico as the Gulf of America.
Why it matters: The Trump administration has made the media a key target during its first few weeks in office, but few efforts have alarmed press freedom advocates as much as Tuesday's White House incident.
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