OpenAI CEO Urges ‘Code Red’ ChatGPT Push as Rivals Move In

Stocks rose as Bitcoin experienced a notable rebound, climbing back above $90,000 after a significant selloff that had previously erased nearly $1 billion in leveraged bets. This recovery was highlighted during the U.S. market close coverage on Bloomberg Television, where analysts discussed the implications for investors and the broader market.

YouTube is preparing to comply with Australia's forthcoming ban on social media access for individuals under 16, which is set to take effect on November 10. Despite initially rejecting the inclusion in the crackdown and considering a court challenge, the company is now taking steps to align with the new regulations aimed at enhancing online safety for minors.

OpenAI CEO Sam Altman has declared a 'code red' for ChatGPT as Google’s Gemini 3 rapidly gains traction, amassing 200 million users within just three months of its launch. This shift marks a significant change in the competitive landscape of AI technologies, with Google now posing a formidable challenge to OpenAI's flagship product.

Oracle Corp.'s credit risk gauge has reached its highest level since the 2009 financial crisis, driven by a surge in bond sales from major tech firms and growing fears of a bubble in the artificial intelligence sector. This spike reflects increasing investor anxiety about the sustainability of Oracle's debt amid its significant investments in AI technology.

CrowdStrike Holdings Inc. has raised its fiscal 2026 guidance, indicating strong demand for its growing range of artificial intelligence-enabled cybersecurity products. This adjustment reflects the company's positive momentum in the technology sector.

Marvell Technology Inc. announced its intention to acquire Celestial AI, leading to a surge in its shares as investors reacted positively to the news. The company emphasized that its custom chip-design unit is securing repeat orders, indicating robust growth amid increasing demand for AI computing solutions.

ChatGPT experienced significant service disruptions on December 2, 2025, leading to increased errors and user frustration. This incident follows a series of outages affecting OpenAI's products, including previous reports of service interruptions due to external factors like Cloudflare outages.

Bitcoin has surged back above $90,000 after a significant selloff that erased nearly $1 billion in leveraged bets, marking a brief recovery amid ongoing volatility in the cryptocurrency market. Kavita Gupta from Delta Blockchain expressed concerns about the lack of transparency in crypto treasury companies during her appearance on Bloomberg Crypto.