News and Updates: Financial leaders warn of an AI investment bubble as the Bank of England and IMF caution that tech valuations echo the dot-com era, risking a sharp market correction. Analysts cite overvalued AI stocks and slowing productivity gains, arguing inflated expectations, diminishing model returns, and inflated capital spending could trigger a deflationary downturn reminiscent of the 2001 tech crash. Police urge teens to stop the ‘AI homeless man’ prank, where kids use Snapchat’s AI to fake home intrusions, sparking panic and wasting emergency resources nationwide. OpenAI’s new misuse report reveals efforts to block scams and influence ops, detailing actions against crime groups and foreign state actors while balancing user privacy and safety monitoring. Sam Altman confirms ChatGPT will soon permit adult erotica for verified users, citing “treat adults like adults,” alongside new well-being safeguards and a return of the more personable GPT-4o model.
