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OpenAI introduces SearchGPT, a free AI search engine aiming to rival Google's dominance. The launch raises concerns for tech giants as OpenAI plans to monetize the tool without ads. Partnerships with publishers like News Corp and The Atlantic ensure early adoption. The prototype merges AI models with web data, promising quick, accurate responses. The move poses a significant threat to Google's 91% search market share, impacting tech stocks. Meanwhile, Meta's Llama 3.1 model, though available, faces restrictions on usage, emphasizing control over development direction. Zuckerberg sees it as an industry milestone, but the returns for investors and tech corporations remain pivotal.

Major tech stocks like Nvidia, Microsoft, Meta, and Amazon are on the rise, accompanied by gains in the Dow Jones, S&P 500, and Nasdaq. US consumer spending is up, propelling the growing economy despite the Federal Reserve's high-interest rates. However, Alphabet and Tesla face penalties for underperformance. Investors eagerly await news from tech giants and the Federal Reserve meeting. Individual stocks such as 3M, Bristol Myers Squibb, Colgate-Palmolive, and Deckers Outdoor are experiencing substantial price hikes. The market's resilience and the need for strategic investment approaches are evident, with a Santa Claus rally possibly on the horizon. International markets remain steady, with a focus on key US economic data affecting global trading sentiments.

OpenAI's SearchGPT, a cutting-edge AI search engine, aims to revolutionize online search by summarizing web content, citing sources, and offering interactive follow-up queries. With plans to integrate ChatGPT and collaborate with news outlets, OpenAI directly challenges Google's search dominance. Despite uncertainties surrounding advertising strategies and Apple partnerships, SearchGPT's experimental nature shows potential for enhancing search capabilities. Microsoft's Bing Generative Search also joins the AI trend, providing users with personalized and comprehensive results, intensifying competition with Google. While displaying the power of AI, a recent SearchGPT demo error serves as a reminder of the challenges in AI comprehension. As the tech landscape evolves, the emergence of advanced AI search engines like SearchGPT signals a shift in the digital realm, potentially reshaping online advertising and user experience.

OpenAI's announcement of the SearchGPT prototype poses a new threat to Google's search market dominance. With Google currently holding 91% global and 95% mobile search market share, even a small percentage gained by OpenAI could yield significant revenue. The integration of SearchGPT's best features into OpenAI's popular ChatGPT application aims to enhance user experience and provide location-based search results. This development has caused concern among Alphabet and Microsoft investors, leading to a sell-off in tech stocks. OpenAI's SearchGPT prototype will undergo testing with publishers, potentially disrupting Google's search market share. The prototype aims to provide up-to-date and relevant information, linking to reliable sources, similar to Google's AI-powered search engine, AI Overviews. While Microsoft has previously integrated OpenAI's AI technology into products like Bing, it has not been able to gain market share from Google. OpenAI's foray into the search market with SearchGPT marks an important step in making generative AI accessible to a wider audience. However, the success of smaller AI search engines in competing with Google remains uncertain.

A software glitch at Crowdstrike caused worldwide disruptions, affecting computers, airlines, hospitals, media outlets, and financial services globally. The CEO of Crowdstrike confirmed that it was not a security incident or cyberattack. The incident impacted less than 1% of Windows machines but had broad economic and societal impacts, potentially exceeding $1 billion in costs. CrowdStrike's stock tumbled as analysts adjusted their price targets and ratings. The outage created an opportunity for competitive displacements as CIOs and companies re-evaluate their cybersecurity solutions. Delta Airlines canceled over 5,000 flights due to the IT outage, causing significant challenges in rebooking passengers during peak summer season. The incident also highlighted the need for better quality assurance and security practices in the industry, including the use of secure programming languages like Rust. Administrators should consider storing Bitlocker recovery keys securely and have contingency plans in place to respond to large-scale IT outages.

CrowdStrike, a cybersecurity firm, experienced a major outage after a faulty update crashed millions of Microsoft Windows devices, causing widespread disruptions. The incident led to negative actions from analysts, who adjusted their stock price targets and ratings for CrowdStrike. The outage also prompted Congress to call for a hearing to question CrowdStrike's CEO, highlighting the reliance on few tech providers and the potential for nation-state actors to exploit vulnerabilities. The crisis impacted airports, hospitals, businesses, and more globally. The incident was attributed to a coding error in CrowdStrike's antivirus update, emphasizing the importance of thorough testing before releasing updates. While Russia and China were relatively unaffected, there is concern that hackers may take advantage of the vulnerability caused by the outage.

Small business owners like Tsvetta Kaleynska, Chris Seabrook, and Chris Delmond are grappling with tech outages caused by CrowdStrike, resulting in difficulties paying staff, accessing systems, and processing payments. While major firms like Fortune 500 receive support, smaller firms like RILA Global Consulting, Telapsychiatry, and FMI lack resources. The outage has disrupted operations, highlighting the fragility of technology. Businesses are trying to adapt with workarounds, but financial losses and productivity impacts are looming. The global fallout from the CrowdStrike outage includes over 2,000 flight cancellations, with the hardest-hit region being Australia. The outage has cost the economy tens of billions of dollars, prompting insurance claims. Larger firms may have a chance to recoup losses, but smaller firms face obstacles such as deductibles and waiting periods. CrowdStrike's stock has fallen, while competitors like Palo Alto Networks and SentinelOne have gained. China, due to its cybersecurity self-reliance, avoided disruption caused by the faulty software update, emphasizing the need for redundant systems. Hong Kong's cybersecurity agency warns of criminals exploiting the outage through phishing attacks.

On Friday, a CrowdStrike update led to outages affecting at least 8.5 million Windows devices. In response, Microsoft has released a recovery tool that installs a rescue system to help users restart their systems. The affected file systems are BitLocker-encrypted, and the cause of the error is currently being analyzed. IT expert Patrick Wardle is investigating the cause of the outage. CrowdStrike, which is used by many organizations for critical services, experienced one of the worst cyber failures in history. CrowdStrike has provided a technical advisory with more information and temporary solution steps. CrowdStrike says that many of the affected devices are now back online, testing new reboot methods. However, the global outage disrupted flights and healthcare services, and normal GP service cannot immediately resume due to the system shutdown. Passengers were stuck at airports and had to sleep in the jetway as a result of the IT outage, which also disrupted the Paris Olympics. CrowdStrike has rolled out a fix and apologizes for the 'blue screen of death' error. At least 4,295 flights were cancelled globally.

A CrowdStrike software glitch caused havoc globally, disrupting airlines, hospitals, media, trading, banking, and emergency services. Despite the outage, the incident was not a cyberattack, according to CrowdStrike's CEO. The stock plunge led to concerns about CrowdStrike's reputation and financial impacts, while competitors like SentinelOne and Palo Alto Networks benefited. Flight cancellations at major airlines like Delta and United were a result of the IT outage, which originated from a Microsoft system failure due to a CrowdStrike cybersecurity update. Passengers were left stranded, with uncertainty looming over when operations would normalize.

A recent CrowdStrike software update caused an outage that affected approximately 8.5 million Windows devices globally. The outage had broad impacts, including airlines halting flights and disrupting critical services. Mac and Linux devices were unaffected. Microsoft and CrowdStrike are working on a scalable fix using Azure, AWS, and GCP, but each affected device will require a manual fix. In response to the issue, Microsoft has released a recovery tool that allows IT admins to quickly repair Windows machines without requiring admin rights. Small businesses have also been grappling with the tech outages caused by CrowdStrike, leading to financial losses and productivity impacts. Elon Musk took immediate action at Tesla, halting production and removing CrowdStrike from the company's systems. The incident also led to the cancellation of thousands of flights globally and highlighted the importance of addressing third-party software vulnerabilities in industrial systems.

CrowdStrike, a cloud-based cybersecurity firm, experienced a major IT outage due to a faulty software update, impacting computers worldwide and disrupting various industries. The outage grounded airlines, affected hospitals, knocked media off air, and disrupted trading, banking, and emergency services globally. Despite the chaos, CrowdStrike CEO clarified that it was not a security incident or cyberattack. The outage has had significant financial implications for CrowdStrike, leading to a drop in their stock price. However, analysts believe that this incident could create opportunities for competitors as companies re-evaluate their cybersecurity solutions. The Australian government has been informed that CrowdStrike is close to rolling out an automatic fix. While smaller businesses may have to wait for IT support, there have been no food shortages or impact on critical infrastructure or government services. Investors are advised to wait for CrowdStrike's next earnings report to assess the financial impact accurately. Although the outage raises concerns about CrowdStrike's reliability, its strong financial performance suggests that the company can handle the challenges and continue to protect customers from cyberattacks. For risk-tolerant investors, this may present a potential buying opportunity. However, other stocks, such as Nvidia, have been recommended as better options by financial experts. Overall, the incident highlights the importance of robust cybersecurity measures and the potential consequences of IT outages in today's interconnected world.

A global IT outage led to chaos affecting flight operations, hospitals, and media worldwide. Sydney Airport faced delays but check-in services are returning in Hong Kong, South Korea, India, Indonesia, and Singapore. BER Airport had self-service check-in issues, pushing UK travelers towards ferries. BSI President Plattner took swift action after the faulty security software from Crowdstrike caused the unprecedented disruption. Experts like Junade Ali highlighted the severity of the situation, warning about common cause failures due to tech reliance. Despite the havoc, Beijing airports remained unaffected, underscoring the widespread impact of the IT crash.

A global IT outage, caused by a bug in a CrowdStrike update, has resulted in widespread disruption to air travel, rail traffic, and broadcasting in numerous countries. Major airports such as Berlin's BER and Sydney's airport experienced shutdowns, while airlines like Delta, United, and American Airlines suspended operations. The impact also extended to hospitals and media outlets. The outage affected countries including Australia, Singapore, the USA, Hong Kong, South Korea, Thailand, India, and Indonesia. The magnitude of the disruption was unprecedented, according to cybersecurity experts. CrowdStrike, the cybersecurity firm responsible for the flawed update, has since found a solution. While the situation is slowly improving, there are still delays and cancellations at some airports, and passengers are advised to check their flight status. The outage highlights the vulnerability of global technological infrastructure and the need for businesses to have contingency plans and diversify their cloud services. It serves as a reminder that even routine software updates can have significant consequences.

A defect in CrowdStrike's Falcon sensor software led to a widespread outage affecting Microsoft 365 apps and services. Airlines, 911 services, non-emergency call centers, banks, and other businesses were impacted by this technology-related issue. Although CrowdStrike's engineering teams are working to fix the problem, the incident highlights the vulnerability of critical internet infrastructure. While Mac and Linux hosts were unaffected, Windows PCs globally experienced blue screen errors due to the faulty update. This outage, which occurred on a Friday, had amplified effects on airports with high summer activity. The full extent of the impact is yet to be determined, but it is expected to be significant considering the number of flights affected. CrowdStrike's rivals may stand to benefit from this update fail, although Goldman Sachs predicts minimal share shifts. The incident raises questions about the scale and severity of technology-related disruptions.

A global IT outage wreaked havoc on major US airlines, media, financial institutions, and telecom companies. Issues were linked to CrowdStrike and Microsoft, causing disruptions in Australia, Spain, and beyond. Ryanair and several banks warned of potential disruptions. Despite reports of crashes on Microsoft's Windows operating system, no confirmed cyber security incident has been reported. The outage affected businesses worldwide, leaving airports, banks, and companies struggling to operate. The situation continues to be monitored closely as companies work to resolve the connectivity problems caused by the IT disruption.

A global IT disruption has resulted in airports, banks, and shops facing outages due to a technical malfunction and an update crashing Windows computers. The CrowdStrike service, which is meant to ensure system security, is believed to be involved. The Berlin-Brandenburg Airport is among those affected, with delays reported. Major US airlines have grounded flights, and media, financial, and telecoms sectors have also been impacted. The disruption has affected global cybersecurity firm Crowdstrike and Windows computers. Microsoft has resolved cloud service outages, and Australia's National Cyber Security Coordinator has stated that there is no evidence of a cyber security incident. Ryanair has warned of potential disruptions, and Spain has reported a computer incident at all its airports. The London Stock Exchange, broadcasters, and critical sectors have also been paralyzed by the widespread Windows outage. The recovery process is expected to be protracted, and businesses affected are encouraged to contact Tech.eu for coverage.

A widespread IT outage has caused disruptions in airlines, banks, supermarkets, telecoms, and media outlets across multiple countries. Australia's National Cyber Security Coordinator is investigating a technical issue related to third-party software, but there is no evidence of a cyber attack. Airports in Australia are experiencing delays, and supermarkets and media outlets are also affected. The police in New South Wales have been made aware of the situation and are advising emergency calls. IT security firm Crowdstrike is aware of reports of Microsoft Windows crashes. The outage has led to blue screen errors on Windows PCs, impacting banks, airlines, and media globally. The issue has been linked to Falcon Sensor by Crowdstrike, and Microsoft 365 services have been affected. Australian broadcasters and the cyber security coordinator have confirmed that the problem is related to third-party software. The UK train operator and Melbourne Airport have also been affected. Sky News UK has gone off air, and presenter Jacquie Beltrao has reported issues. Earlier, US airlines were grounded due to a separate cloud outage. Various sectors, including banks, brokerage houses, and airlines, are facing widespread outages caused by Windows errors like the 'blue screen of death'. Some businesses, such as Australian energy company AGL, have blamed a CrowdStrike update for the issues. The global IT outage has affected airlines, banks, and other systems, with Aena, Iberia, and other organizations resorting to manual systems. The Berlin airport, BER, was forced to suspend operations due to the IT failure, while worldwide disruptions have been reported on major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

Tech and chip stocks like Apple, Microsoft, and Nvidia are dragging down U.S. stock futures as investors focus on small-caps amidst anticipation of Fed rate cuts. Asian markets are mixed on Fed rate cut hopes, with Australian stocks hitting record highs. Small-cap Russell 2000 is outperforming big tech, surging 12.27% YTD, while the S&P 500 equal-weight index is up 4.8%. A market rotation is underway as high-flying stocks slow. Concerns about overbought markets arise, especially after Tesla's stumble. Despite potential corrections, moderate market adjustments are expected, with the Federal Reserve likely to mitigate severe damage, leaving the S&P 500 with a 5% yearly gain.

Nvidia's stock price target has been adjusted by analysts following the company's remarkable trillion-dollar market-value gain in the second quarter. The positive outlook stems from the launch of Nvidia's Blackwell system, which has garnered a significant market share for AI processors crucial in constructing extensive data systems. Wall Street analysts, including Timothy Arcuri of UBS, have raised Nvidia's price target to $150 per share, projecting earnings of $5 per share by 2025 and revenue exceeding $200 billion, driven by strong demand from tech giants like Microsoft, Google, Meta, and Amazon. The chip-sector overhaul has propelled Nvidia shares further, with KeyBanc Capital Markets analyst John Vinh increasing the price target to $180 per share, affirming the company's growth potential amidst surging AI investments. Despite the stock's impressive 170% surge in 2024, experts suggest that it remains a solid investment, given Nvidia's dominance in the chip market, expanding software services, and investments in AI-related startups. The article also highlights the positive reactions from analysts to AMD's acquisition of Silo AI and Microsoft's strategic focus on generative AI, leading to revised price targets for both companies. While the AI sector is experiencing market euphoria, concerns about a potential bubble akin to the dotcom era persist, emphasizing the need for cautious investment strategies and a clear understanding of the evolving AI landscape's risks and opportunities.

Microsoft has chosen to step down from its observer position on OpenAI's board due to concerns raised by competition authorities in the EU, UK, and the US regarding potential market dominance in the AI sector. Despite being the primary investor in OpenAI, Microsoft's withdrawal aligns with increased regulatory pressure and investigations on both sides of the Atlantic. The decision coincides with Apple also opting to engage with OpenAI as a stakeholder rather than maintaining an observer role on the board. Amid growing antitrust scrutiny, OpenAI plans to establish a new approach involving regular stakeholder meetings with key partners and investors like Microsoft and Apple.

A recent court ruling has largely dismissed a class action lawsuit against Microsoft, GitHub, and OpenAI regarding GitHub Copilot. The central allegation of Digital Millennium Copyright Act violation was among the claims dismissed by the judge. Only two claims, related to a breach of an open-source license and contract, remain unresolved. The court's decision indicates that AI systems like GitHub Copilot might not be liable as long as they do not replicate exact copies of copyrighted material. This ruling could have implications for future lawsuits involving AI systems trained on copyrighted data, emphasizing the importance of proving identical reproduction for copyright infringement claims.

The rise of artificial intelligence (AI) has propelled tech giants like Nvidia, Microsoft, and Alphabet to new heights, with Nvidia's stock value tripling in a year and becoming the most valuable company globally. This surge isn't exclusive to Nvidia, as companies like ASML and TSMC have also reaped benefits from the AI wave. However, experts like Flavio Muñoz and David Azcona caution against a potential bubble similar to the dot-com era's Cisco bust. Amidst this, a multitude of companies, including AMD, Qualcomm, and Cisco, are actively engaged in the AI ecosystem, alongside specialized AI funds and ETFs. While tech giants are betting over $1 trillion on AI infrastructure, concerns linger over the profitability and sustainability of such investments, especially with challenges like power shortages and chip limitations posing potential hurdles. Despite the optimism surrounding AI's productivity potential, there is a fine line between embracing the AI euphoria and heeding the warnings of a looming bubble in the tech market.

The recent surge in the market values of AI chip makers like Nvidia and Micron has prompted analysts to reset their stock price targets. Nvidia's Blackwell system and Micron's strong performance in the AI-memory-chip market have garnered positive attention. Tesla's upcoming robotaxi event and Apple's AI push are also influencing analysts' predictions. While Nvidia and Apple are vying to reach $4 trillion market cap, the AI frenzy is driving the expansion of the trillion-dollar club, with companies like TSMC and SK Hynix benefiting from the AI boom. Overall, the accelerating demand for AI technologies is reshaping the stock market landscape and fueling optimism among investors and analysts alike.

Amid Nvidia's trillion-dollar market value gain, analysts reset stock price targets, emphasizing the positive outlook for the AI-chip maker. Competitors like Marvell and KLA Corporation pose risks to Nvidia's growth aspirations, with uncertainties looming over the tech industry's trajectory. Micron Technology and Apple also draw attention from analysts, with Micron's solid Q3 earnings and Apple's AI technology push influencing stock price targets. The surge in AI-related company valuations sparks concerns of a dotcom bubble, with Nvidia leading the pack as the world's most valuable public company. Investor interest remains high in tech giants like Nvidia, Alphabet, Amazon, and Apple, with potential buy opportunities awaiting market stabilization.

SpaceX has been awarded an $843 million contract by NASA to develop a 'space tug' or 'deorbit vehicle' that will safely guide the International Space Station (ISS) back to Earth in a controlled manner once its operational life ends in 2030. This decision aligns with NASA's goal of ensuring a responsible transition for the ISS as new commercial space stations emerge. The space tug will enable the ISS to burn up upon re-entry into the Earth's atmosphere, avoiding any risk to populated areas. This move signifies another significant milestone for SpaceX, showcasing their technological capabilities and expertise in space operations. The deorbiting of the ISS is a crucial step in NASA's plan for the future of space exploration, as private companies like SpaceX play an increasingly vital role in advancing space missions and infrastructure.

Nvidia's recent stock rebound has fueled a rally in the tech-heavy Nasdaq Composite while the Dow Jones Industrial Average faced a 300-point decline. Concerns over market correction arise as Nvidia's slump affects investor sentiment, prompting a shift towards industrial and financial sectors. Investor indecision is palpable awaiting key inflation data, with the upcoming PCE index release potentially serving as a market catalyst. Amidst record highs, analysts debate the likelihood of a market stall, highlighting Nvidia's prominent role in recent market gains alongside the expected revenue growth of Super Micro Computer surpassing Nvidia this quarter.

Nvidia, a major AI chip firm, has witnessed a 13% stock price drop, erasing over $500 billion from its market value amidst concerns of a potential AI stock bubble. Short-sellers have profited $5 billion as the stock plummeted, following its surge to surpass Microsoft and Apple. Despite the dip, experts like Steve Eisman foresee a lasting positive trajectory for Nvidia, emphasizing its growth potential. Market watchers are now monitoring if Nvidia's downturn will impact broader markets, particularly given its weight in the S&P 500, alongside upcoming reports from Micron Technologies, FedEx, and Nike, plus the release of the Personal Consumption Expenditures Report.