Oracle and OpenAI Win Michigan Approval to Power New Data Center

OpenAI has launched an app store for its ChatGPT chatbot, enabling developers to create and distribute custom applications within the platform. This initiative aims to enhance user experience by providing access to a variety of new features, games, and tools directly through ChatGPT's interface.

The TikTok US deal is set to close on January 22, with terms that include retraining the recommendation algorithm using US user data and Oracle overseeing data protection. Abu Dhabi's state investment fund will also be a managing investor in this significant transaction.

TikTok has signed a deal to divest its U.S. operations to a joint venture led by American investors, including Oracle, Silver Lake, and MGX, who will collectively own 45% of the entity, while ByteDance retains approximately 20%. This move is part of TikTok's strategy to address regulatory concerns in the U.S. and streamline its operations.

OpenAI is reportedly seeking to raise up to $100 billion in a new fundraising round, which could value the company at approximately $830 billion. The completion of this funding round is anticipated by the end of the first quarter of 2026 at the earliest. Concerns about a potential AI bubble have been raised, affecting the valuations of tech companies, including OpenAI.

A leading economist has stated that OpenAI is 'definitely not' too big to fail, suggesting that the potential collapse of the AI bubble would not have catastrophic consequences. This perspective comes amid growing concerns about the sustainability of investments in artificial intelligence, particularly following OpenAI's significant market fluctuations.

OpenAI has launched an app store for its ChatGPT chatbot, allowing developers to create and distribute custom applications within the platform. This initiative aims to enhance user experience by providing access to a variety of new features, tools, and games, marking a significant expansion of ChatGPT's functionality.

OpenAI CEO Sam Altman declared a 'code red' for the company's ChatGPT platform, emphasizing the urgent need for improvements amid rising competition from Google's Gemini 3. This declaration marks a significant moment for OpenAI, highlighting ongoing challenges in maintaining its leadership in the AI sector.

Former British Chancellor George Osborne has joined OpenAI as managing director and head of OpenAI for Countries, a role focused on building partnerships with governments globally for AI initiatives. He will also lead Coinbase's internal advisory council. This move underscores a trend of political figures transitioning into significant roles within major tech companies.