OpenAI's Sam Altman declares 'code red' to improve ChatGPT as rivals threaten its position

Traders are increasingly betting on a potential interest rate cut by the Federal Reserve, driven by expectations that a new chair aligned with Donald Trump's views will be appointed and the release of delayed economic data this month will support lower rates.

Sam Altman, CEO of OpenAI, has declared a 'code red' to enhance ChatGPT amid escalating competition from Google's Gemini 3. In an internal memo, he emphasized the critical nature of this period for the chatbot, which is facing significant challenges in maintaining its market position.

The OECD has projected that the UK economy will experience faster growth in 2026, alongside a decrease in inflation rates. This forecast reflects a positive adjustment in the economic outlook, influenced by recent budget measures aimed at stimulating growth.

The OECD has projected a slowdown in the UK economy for the upcoming year, attributing this to anticipated tax increases and tighter government spending measures. This forecast aligns with concerns over the sustainability of the UK’s economic recovery amidst rising fiscal pressures.

OpenAI's CEO Sam Altman has declared a 'code red' in response to increasing competition from rivals such as Google and Anthropic, which are narrowing the gap in the artificial intelligence market. This urgent call to action emphasizes the need for significant improvements to ChatGPT to maintain its competitive edge.

The OECD has indicated that rising tariffs and the rapid growth of artificial intelligence (AI) could challenge the resilience of global economic growth. This assessment highlights the potential risks posed by trade tensions and technological advancements that may disrupt established economic patterns.

The OECD has raised its growth forecast for the UK in 2026, attributing this positive outlook to the anticipated impacts of the recent budget measures. This adjustment comes amid ongoing discussions about the UK’s economic stability and fiscal policies.

The OECD has indicated that major central banks in leading economies are unlikely to implement further rate cuts in the coming year, signaling a shift in monetary policy as economic conditions evolve. This forecast reflects the organization's assessment of the current economic landscape and the limitations faced by central banks in stimulating growth through lower interest rates.