San Francisco Fed president Mary Daly doesn't think a potential AI bubble in the stock market would threaten broader financial stability.
Why it matters: If the Fed doesn't see an AI-fueled selloff as an economic risk, it may be less likely to intervene if the bubble bursts and stocks slide.
Foreign adversaries are increasingly using multiple AI tools to power hacking and influence operations, according to a new OpenAI report released Tuesday.
Why it matters: In the cases OpenAI discovered, the adversaries typically turned to ChatGPT to help plan their schemes, then used other models to carry them out — reflecting the range of applications for AI tools in such operations.
OpenAI isn't just opening up ChatGPT for app developers. It's looking to turn today's leading chatbot into tomorrow's operating system.
Why it matters: OpenAI — following a playbook honed by Apple, Google, Microsoft and Meta — aims to transform its product into a platform that developers can extend and users will rely on to meet more of their needs.
The S&P 500 could rally to 7,750 by the end of next year —a 15% gain from current levels — and there's a 30% chance that the benchmark stock index could even reach 9,000 by then, says Evercore ISI, a Wall Street research firm.
Why it matters: Wall Street thinks the AI-driven bull market has plenty of upside ahead before a potential pop sends asset prices tumbling.
The numbers "6" and "7" have become an efficient generational litmus test: if the digits inspire an echo and a hand gesture you're likely Gen Alpha, and if you're thinking that 7 "8" 9, you're probably not.
The big picture: Social media trends invading classrooms isn't new — and children baffling the adults around them is a time-honored dynamic. But the ubiquity of "6-7" is leading some schools to simply ban the use of the phrase, some teachers are sharing on TikTok.
President Trump said Monday young people "owe [him] big" because he "saved TikTok" after keeping the platform online all year, even though a law banned the app in January.
Why it matters: The president's message follows last year's bill passed by Congress, and signed into law by former President Biden, banning the app in the U.S. unless ByteDance, the app's Chinese parent company, sold it.
OpenAI on Monday announced a new approach to apps within ChatGPT. The company says it will make it easier for developers to reach users and earn revenue.
The big picture: OpenAI launched custom GPTs and its ChatGPT store at its first developer event in 2023.
Massive single-day stock pops are becoming a regular occurrence for AI stocks. On Monday, AMD soared nearly 40% off a multibillion-dollar AI data center partnership with OpenAI, mirroring gains seen after Oracle's earnings.
Why it matters: These record one-day rallies are looking frothy as investors continue worrying about an approaching AI bubble.
China's low-emissions tech exports hit fresh records in August on the strength of surging EV and battery shipments, data from the climate think tank Ember shows.
Why it matters: It's the latest sign of what some analysts call emerging divides between "electro-states" and "petro-states" — with White House policy solidifying U.S. placement in the latter camp.
OpenAI will spend billions of dollars on AMD's chips in a new multiyear deal announced Monday, with the ChatGPT-maker potentially taking up to a 10% share of the U.S. semiconductor firm.
Why it matters: The AI revolution has an unquenchable hunger for computing power, and OpenAI is trying to lock down suppliers beyond market leader Nvidia.
U.S. shoppers will spend $253.4 billion online this holiday season, up 5.3% year-over-year, according to Adobe's new forecast out Monday.
Why it matters:Tariffs and inflation are squeezing budgets, but shoppers will lean on discounts, flexible payments and AI-powered tools to stretch their dollars, Adobe said.
Retail investors are shifting away from the Magnificent 7 stocks in favor of riskier AI plays, according to Charles Schwab's Trading Activity Index known as the STAX, which tracks the retail trading activity of millions of customers.
Why it matters: The Mag 7 moment is nowhere near over, but that basket of seven Big Tech stocks may be losing its popularity among retail investors.
OpenAI's new Sora app is sparking intense reactions — delighting some users and alarming others who see it as another tool undermining truth and human creativity.
The big picture: Despite the polarized response, the Sora moment is likely to be another step in society's grudging adjustment to AI, akin to past reactions to ChatGPT's image generator and, three years ago, to the debut of the chatbot itself.
