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Good morning! Right here is the newest in trending:
Sweetened provide: Warner Bros. Discovery (WBD) obtained a largely money provide from Netflix (NFLX), which is arranging a bridge mortgage value tens of billions of {dollars} for its bid.
Tariff refund: Costco (COST) sued the U.S. authorities to make sure it will get a full refund of tariffs if the Supreme Court docket guidelines in opposition to President Trump’s levies.
Inventory warning: Huge Brief investor Michael Burry known as Tesla (TSLA) “ridiculously overvalued,” warning that Elon Musk’s $1T pay plan would worsen shareholder dilution.
Competitors within the synthetic intelligence race is intensifying, and it appears to be like like OpenAI (OPENAI) is feeling the warmth. The AI startup’s CEO Sam Altman has declared a “code purple” effort to enhance the standard of ChatGPT, The Wall Avenue Journal reported, citing an inside memo.
Doubling down: Altman stated OpenAI has extra work to do to enhance ChatGPT’s personalization options, velocity, reliability and capabilities to reply a wider vary of questions. In consequence, the corporate will push again work on different initiatives, equivalent to promoting, AI brokers for well being and purchasing, and private assistant Pulse. “Our focus now could be to maintain making ChatGPT extra succesful, proceed rising, and increase entry around the globe — whereas making it really feel much more intuitive and private,” Nick Turley, head of ChatGPT, posted on X.
Larger image: OpenAI’s memo comes as different firms have been catching as much as ChatGPT, narrowing the three-year-old chatbot’s lead within the AI race. Google (GOOG) (GOOGL) lately launched a brand new model of its AI mannequin – Gemini 3 – which surpassed OpenAI in benchmark assessments and drew widespread reward. Gemini presently has over 650M month-to-month lively customers, up from 450M in July. ChatGPT has greater than 800M weekly customers. (6 feedback)
One other AI rival Anthropic (ANTHRO) is ready to show a revenue extra shortly than OpenAI. Anthropic expects to interrupt even for the primary time in 2028, whereas OpenAI’s goal is for 2030. In the meantime, China’s DeepSeek (DEEPSEEK) simply launched two new AI fashions, which topped or matched the outcomes of OpenAI’s GPT-5 and Google’s Gemini 3 Professional in some benchmarks. However with Gemini shortly capturing generative AI market share, Investing Group Chief Stone Fox Capital believes Google has way more favorable odds to catch as much as OpenAI.
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What else is occurring…
WSB survey outcomes: Main yen carry commerce unwind could also be forward.
Nvidia invests $2B in Synopsys (SNPS) in expanded partnership.
Credo (CRDO) soars as Q2 outcomes, steering blow previous estimates.
Amazon (AMZN) unveils array of recent partnerships at re:invent 2025.
Vaccine shares fall after FDA official’s feedback on future approvals.
U.Okay. to pay 25% extra for brand spanking new U.S. medication to keep away from pharma tariffs.
Technique (MSTR) establishes $1.44B USD reserve amid crypto rout.
Fed: Most banks held capital effectively above regulatory necessities in Q2.
Barrick (B) to judge potential IPO of North American gold property.
Cyber Monday units new report as reductions, genAI increase conversions.
In the present day’s Markets
In Asia, Japan flat. Hong Kong +0.2%. China -0.4%. India -0.6%.
In Europe, at noon, London +0.4%. Paris +0.5%. Frankfurt +0.7%.
Futures at 6:30, Dow +0.2%. S&P +0.3%. Nasdaq +0.4%. Crude -0.3% to $59.13. Gold -1.3% to $4,221.40. Bitcoin +1.2% to $87,415.
Ten-year Treasury Yield unchanged at 4.10%.
On The Calendar
Firms reporting immediately embrace CrowdStrike (CRWD) and Marvell Expertise (MRVL).
See the total earnings calendar on Looking for Alpha, in addition to immediately’s financial calendar.
