OpenAI's house of cards seems primed to collapse

OpenAI is reportedly entering a new fundraising round that could value the startup at as much as $830 billion, amidst growing concerns about a potential AI bubble affecting the tech industry. This valuation comes at a time when many tech-related companies are facing scrutiny over their financial sustainability.

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 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.

Michigan regulators have unanimously approved DTE Energy's request to power a new data center being developed by Oracle and OpenAI, despite public opposition during the hearing. This decision marks a significant step in the collaboration between these tech giants as they expand their data infrastructure in the state.

Palona AI, a startup founded by former Google and Meta engineers, has launched Palona Vision and Palona Workflow, marking a significant shift towards the restaurant and hospitality sectors. These new features aim to create a real-time operating system for restaurant operations, integrating various modalities such as cameras and task execution. This launch represents a strategic pivot from the company's initial focus when it debuted in early 2025 with $10 million in seed funding.

Anthropic has announced the launch of its Agent Skills technology as an open standard, aiming to enhance the capabilities of AI assistants in the enterprise software market. This initiative includes organization-wide management tools and a directory of partner-built skills from notable companies such as Atlassian, Figma, and Canva.

OpenAI has initiated the acceptance of app submissions from third-party developers for integration into ChatGPT, alongside the launch of an App Directory accessible via the ChatGPT sidebar. This allows over 800 million users to discover and utilize new applications directly within their conversations.

OpenAI has launched an app store within ChatGPT, allowing users to access various applications directly through the platform. This development marks a significant expansion of ChatGPT's functionality, aiming to enhance user experience and engagement. The app store is expected to provide a diverse range of tools and services tailored to user needs.