Category: 3. Business

  • OpenAI faces 7 lawsuits claiming ChatGPT drove people to suicide, delusions

    OpenAI faces 7 lawsuits claiming ChatGPT drove people to suicide, delusions

    OpenAI is facing seven lawsuits claiming ChatGPT drove people to suicide and harmful delusions even when they had no prior mental health issues.

    The lawsuits filed Thursday in California state courts allege wrongful death, assisted suicide, involuntary manslaughter and negligence. Filed on behalf of six adults and one teenager by the Social Media Victims Law Center and Tech Justice Law Project, the lawsuits claim that OpenAI knowingly released GPT-4o prematurely, despite internal warnings that it was dangerously sycophantic and psychologically manipulative. Four of the victims died by suicide.

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    EDITOR’S NOTE — This story includes discussion of suicide. If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.

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    The teenager, 17-year-old Amaurie Lacey, began using ChatGPT for help, according to the lawsuit filed in San Francisco Superior Court. But instead of helping, “the defective and inherently dangerous ChatGPT product caused addiction, depression, and, eventually, counseled him on the most effective way to tie a noose and how long he would be able to “live without breathing.’”

    “Amaurie’s death was neither an accident nor a coincidence but rather the foreseeable consequence of OpenAI and Samuel Altman’s intentional decision to curtail safety testing and rush ChatGPT onto the market,” the lawsuit says.

    OpenAI called the situations “incredibly heartbreaking” and said it was reviewing the court filings to understand the details.

    Another lawsuit, filed by Alan Brooks, a 48-year-old in Ontario, Canada, claims that for more than two years ChatGPT worked as a “resource tool” for Brooks. Then, without warning, it changed, preying on his vulnerabilities and “manipulating, and inducing him to experience delusions. As a result, Allan, who had no prior mental health illness, was pulled into a mental health crisis that resulted in devastating financial, reputational, and emotional harm.”

    “These lawsuits are about accountability for a product that was designed to blur the line between tool and companion all in the name of increasing user engagement and market share,” said Matthew P. Bergman, founding attorney of the Social Media Victims Law Center, in a statement.

    OpenAI, he added, “designed GPT-4o to emotionally entangle users, regardless of age, gender, or background, and released it without the safeguards needed to protect them.” By rushing its product to market without adequate safeguards in order to dominate the market and boost engagement, he said, OpenAI compromised safety and prioritized “emotional manipulation over ethical design.”

    In August, parents of 16-year-old Adam Raine sued OpenAI and its CEO Sam Altman, alleging that ChatGPT coached the California boy in planning and taking his own life earlier this year.

    “The lawsuits filed against OpenAI reveal what happens when tech companies rush products to market without proper safeguards for young people,” said Daniel Weiss, chief advocacy officer at Common Sense Media, which was not part of the complaints. “These tragic cases show real people whose lives were upended or lost when they used technology designed to keep them engaged rather than keep them safe.”

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  • Fitch Places Blue Owl Capital Corporation II on Rating Watch Positive on Planned Merger – Fitch Ratings

    1. Fitch Places Blue Owl Capital Corporation II on Rating Watch Positive on Planned Merger  Fitch Ratings
    2. Blue Owl Capital signals $1B expansion through OBDC II merger as portfolio fundamentals remain strong  MSN
    3. Blue Owl Capital’s Strategic Growth and Earnings Call Insights  TipRanks
    4. Blue Owl Capital Corporation (OBDC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates  Yahoo Finance
    5. Owl Rock Capital earnings missed by $0.04, revenue fell short of estimates  Investing.com Australia

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  • Petrobras’s Top Oil Field to Start Next Platform in December – Bloomberg.com

    1. Petrobras’s Top Oil Field to Start Next Platform in December  Bloomberg.com
    2. Petrobras Readies Next Buzios Platform After Record Output  Crude Oil Prices Today | OilPrice.com
    3. Brazil Ramps Up Top Deep-Water Oil Field And Adds to Global Glut  Bloomberg.com
    4. Brazil’s Petrobras executing investments faster than expected, says CFO  TradingView
    5. Brazil in the Spotlight  RMI

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  • US consumer sentiment drops to near record low as shutdown persists | US economy

    US consumer sentiment drops to near record low as shutdown persists | US economy

    The federal government shutdown dragged consumer sentiment in the US to a near record low in November, according to a monthly survey conducted by the University of Michigan.

    Consumer sentiment fell about 6% in November, with the consumer sentiment index for November 2025 at 50.3, down from 53.6 in October, nearly three points below expectations. Economists polled by the Wall Street Journal expected a 53.0 index reading.

    The monthly index of consumer sentiment was last this low in June 2022, at 50.0, amid inflation during the Covid pandemic. The latest reading is the lowest reported by the index since at least 1978.

    “With the federal government shutdown dragging on for over a month, consumers are now expressing worries about potential negative consequences for the economy,” said Joanne Hsu, director of the survey, in a statement.

    “This month’s decline in sentiment was widespread throughout the population, seen across age, income, and political affiliation.”

    The results come amid a blackout on federal data, such as the monthly jobs report, which was due on Friday, with the usual slate of monthly reports suspended due to the government shutdown. In their absence, investors have been turning to smaller, privately funded research reports.

    This week ADP, the US’s largest payroll supplier, said private employers added 42,000 new jobs in October, better than expected but still a dramatic slowdown from the three-month moving average from November to January of 188,000 jobs.

    On Thursday, outplacement and executive coaching firm Challenger, Gray & Christmas said US-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It was the highest level of layoff for any October since 2003.

    “Americans are losing faith in the economy because they’re losing ground. Every day it becomes clearer that president Trump has no real interest in improving the lives of American families,” said Alex Jacquez, Chief of Policy and Advocacy at the think tank Groundwork Collaborative, in a statement on the Michigan survey report.

    “His economic mismanagement has left households buried under record debt and rising prices. It’s no surprise consumer sentiment is at its lowest point since 2022 and households are turning to leaders who didn’t just learn the word ‘affordability’.”

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  • KKR’s profit beats forecast on credit-led inflows, one-off charge weighs – Reuters

    1. KKR’s profit beats forecast on credit-led inflows, one-off charge weighs  Reuters
    2. KKR & Co. Inc. Reports Third Quarter 2025 Results  TradingView
    3. KKR & Co. (KKR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates  Yahoo Finance
    4. KKR Q3 earnings beat, helped by strong fundraising, increased investment activity  MSN
    5. KKR surpasses $700 billion in AUM, co-CEO sees ‘nothing alarming’ in private credit markets  Pensions & Investments

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  • Samir Shah, 73, chair

    Term: 2024–2028

    Fees: £160,000 pa

    Background: Former CEO of Juniper, an independent television and radio production company. Previously head of current affairs and political programmes at the BBC. Shah has been deputy chair of the V&A, chair of the Runnymede Trust and One World Media. In 2021, he co-authored a government-commissioned report that concluded that the UK was not institutionally racist. Appointed as chair of the BBC by the previous Conservative government.


  • Sir Damon Buffini, 63, deputy chair

    Term: 2022-2025

    Fees: £38,000

    Background: Worked for 27 years at the investment firm Permira. In 2020 Buffini was appointed as chair of the government’s Cultural Recovery Fund, and is currently the chair of the Royal National Theatre. Buffini, who grew up on a Leicester council estate, was a key adviser to Gordon Brown when the latter was prime minister.


  • Tim Davie, 58, BBC director general

    Term: 2020-

    Remuneration: £540,000 – £544,999

    Background: The chief executive of BBC Studios, the BBC’s principal commercial subsidiary. Previously vice-president of marketing and franchise at PepsiCo Europe, former trustee of the Tate and the Royal Television Society, and former chair of Comic Relief. In the 1990s, Davie was deputy chair of the Hammersmith and Fulham Conservative Association, and unsuccessfully stood as a local councillor for the Tories. In 2023 he suspended Gary Lineker, then the BBC’s highest-paid presenter, over a tweet about the government’s asylum policy.


  • Deborah Turness, 58, CEO BBC news and current affairs

    Photograph: Ray Burniston/BBC

    Term: 2022-2026

    Annual remuneration: £430,000 – £434,999

    Background: Turness began working for ITN in her early 20s, and became the first female editor of ITV News. In 2013, she joined NBC News, and later became CEO of ITN before joining the BBC in 2022.


  • Leigh Tavaziva, 52, chief operating officer

    Term: 2023-2027

    Remuneration: £465,000 – £469,999

    Background: Previously the managing director of customer operations at British Gas and group director of strategy and transformation at Centrica. Earlier, she was a classical ballerina and contemporary dance artist.


  • Caroline Thomson, 71, senior independent director

    Term: 2025-2029

    Fees: £33,000 pa

    Background: Thomson was the BBC’s chief operating officer from 2007 until 2012. Previous roles also include chair of Oxfam, chair of Digital UK and executive director at the English National Ballet. She is the daughter of a Labour peer and is married to a Labour peer.


  • Sir Robbie Gibb, 61, member for England

    Photograph: James Veysey/Shutterstock

    Term: 2021-2028

    Fees: £43,000 pa

    Background: Former head of BBC Westminster and editor of live political programmes. Gibb was Tory prime minister Theresa May’s director of communications from 2017 until 2019. He was also previously an editorial advisor to GB News. Gibb has criticised perceived anti-Brexit and anti-Tory bias in the corporation’s output.


  • Muriel Gray, 67, member for Scotland

    Term: 2022-2030

    Fees: £38,000

    Background: Gray presented Channel 4’s groundbreaking music programme The Tube in the early 1980s, and has been a broadcaster and author. She is a former chair of the board of governors at the Glasgow School of Art and a former trustee of the British Museum. Gray previously criticised Conservative party policies as “repugnant” on social media, and said she had “never been able to vote Tory”.


  • Michael Plaut, 64, member for Wales

    Term: 2024-2028

    Fees: £38,000

    Background: Started his career as an investment banker. Former chair of CBI Wales. Currently chair of the Royal Welsh College of Music & Drama, and a governor of the University of South Wales.


  • Michael Smyth, 68, member for Northern Ireland

    Term: 2023-2027

    Fees: £38,000 pa

    Background: A lawyer, and formerly a partner at international law firm Clifford Chance and head of the firm’s government and public policy practice. He authored a textbook on business and human rights. Previously chair of Protect, the whistleblowing charity, and Community Links, a pioneering east London charity.


  • Shumeet Banerji, 65, non-executive director

    Term: 2022-2025

    Fees: £33,000 pa

    Background: Founder of Condorcet, LP, an advisory and investment firm and later CEO of Booz & Company, a management consulting firm.


  • Chris Jones, 69, non-executive director

    Term: 2023-2027

    Fees: £38,000 pa

    Background: A chartered accountant, formerly senior audit partner at PwC. He has been a member of audit and risk committees at Legal & General, the Wellcome Trust and Santander UK.


  • Marinella Soldi, 59, non-executive director

    Term: 2023-2026

    Fees: £33,000 pa

    Background: Soldi began her career at McKinsey & Company, and later trained as a leadership coach. She was CEO of Discovery Networks Southern Europe, non-executive chairwoman of the Vodafone Italia Foundation, and non-executive chairwoman of the board of directors of Rai – Italian PSM.

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  • Volkswagen says Nexperia chip supply has resumed – Reuters

    1. Volkswagen says Nexperia chip supply has resumed  Reuters
    2. China to Resume Nexperia Chip Exports, Dutch PM Schoof Says  Bloomberg.com
    3. China relaxes export controls on Nexperia chips, letting EU supplies resume  MLex
    4. Germany’s Merz sees positive signals Nexperia deliveries will restart soon  TradingView
    5. German car supplier allowed to resume Nexperia chip exports from China  Euractiv

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  • US drillers add oil and gas rigs for third time in four weeks, says Baker Hughes

    US drillers add oil and gas rigs for third time in four weeks, says Baker Hughes

    • Rig count still 6% below last year, despite recent increase
    • Gas rigs reach highest level since August 2023
    • EIA projects rise in crude and gas output in 2025
    NEW YORK, Nov 7 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday.

    The oil and gas rig count, an early indicator of future output, rose by two to 548 in the week to November 7. , ,

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    Despite this week’s rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year.

    Baker Hughes said oil rigs held steady at 414 this week, while gas rigs rose by three to 128, their highest since August 2023. The number of miscellaneous rigs also declined by one to six.

    In Texas, the biggest oil and gas producing state, the rig count fell by one to 234, the lowest since September 2021.

    In Louisiana, meanwhile, the rig count rose by two to 43, the highest since September 2024.

    The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output.

    The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 4% in 2025 from levels seen in 2024.

    That compares with roughly flat year-to-year spending in 2024, increases of 27% in 2023, 40% in 2022, and 4% in 2021.

    Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.5 million bpd in 2025.

    On the gas side, EIA projected a 56% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020.

    EIA projected gas output would rise to 107.1 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023.

    Reporting by Scott DiSavino; Editing by Leslie Adler and David Gregorio

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Bitcoin’s bear market is exposing a new ‘buy-the-dip’ weakness in markets

    Bitcoin’s bear market is exposing a new ‘buy-the-dip’ weakness in markets

    By Frances Yue

    Bitcoin is now trading more than 20% below its record high reached on Oct. 6, 2025.

    Bitcoin is on track to end Friday in the bear-market territory for the first time since April 23. The crypto’s weakness, coupled with a selloff in tech stocks this week, has sparked concerns about whether investor sentiment that’s been driving this year’s rally in risk assets may be starting to turn sour.

    The largest cryptocurrency (BTCUSD) traded at around $101,000 Friday afternoon, over 20% below its record high of $126,272.76 reached on Oct.6, according to Dow Jones Market Data.

    A bear market is typically defined as an asset or index declining by at least 20% from its prior peak, based on closing levels. Dow Jones Market Data suggests bitcoin will officially enter a bear market Friday at the stock market’s 4 p.m. Eastern closing time. Of note, bitcoin trades 24 hours, seven days a week, and there is no actual close.

    The weakness in bitcoin had some corners of Wall Street nervous. “I don’t want to give the impression that we are in panic mode here by any stretch of the imagination, but what we are seeing is some of the very durable buy-the-dip areas of the market are acting differently today than we’ve seen in other parts of the year on a relative basis, and that is notable,” Mark Hackett, chief market strategist at Nationwide, said in a Friday phone interview.

    “Up until the last couple of weeks, any reasonable degree of pullback in bitcoin or this group [of popular tech stocks like Meta Platforms Inc. (META) and Nvidia Corp. (NVDA)] would have been aggressively bought, and we’re not seeing that now,” Hackett noted.

    Hackett said he remains bullish on stocks – citing friendly seasonality factors, strong earnings and another potential interest-rate cut from the Federal Reserve in December as possible tailwinds into year-end. But he is closely watching whether investor sentiment has shifted. For now, “it’s too early to say that there’s been a paradigm shift in how investors are acting,” he added.

    Hackett isn’t the only one staying alert. As MarketWatch’s Jamie Chisholm reported, a group of strategists at Citi said that bitcoin’s more than 20% drop into bear-market territory may signal liquidity issues, especially as tech stocks fall.

    U.S. stocks were heading for sharp weekly declines on Friday, with the Dow Jones Industrial Average DJIA down 1.8% for the week so far, at last check. The S&P 500 SPX was off about 2.7% and the Nasdaq Composite COMP was pulling back 4.4%, putting both on pace for their biggest weekly declines since President Trump’s “liberation day” tariffs were announced in April.

    -Frances Yue

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    11-07-25 1324ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • ChatGPT accused of acting as ‘suicide coach’ in series of US lawsuits | ChatGPT

    ChatGPT accused of acting as ‘suicide coach’ in series of US lawsuits | ChatGPT

    ChatGPT has been accused of acting as a “suicide coach” in a series of lawsuits filed this week in California alleging that interactions with the chatbot led to severe mental breakdowns and several deaths.

    The seven lawsuits include allegations of wrongful death, assisted suicide, involuntary manslaughter, negligence and product liability.

    Each of the seven plaintiffs initially used ChatGPT for “general help with schoolwork, research, writing, recipes, work, or spiritual guidance”, according to a joint statement from the Social Media Victims Law Center and Tech Justice Law Project, which filed the lawsuits in California on Thursday.

    Over time, however, the chatbot “evolved into a psychologically manipulative presence, positioning itself as a confidant and emotional support”, the groups said.

    “Rather than guiding people toward professional help when they needed it ChatGPT reinforced harmful delusions, and, in some cases, acted as a ‘suicide coach’.”

    A spokesperson for OpenAI, which makes ChatGPT, said: “This is an incredibly heartbreaking situation, and we’re reviewing the filings to understand the details.”

    The spokesperson added: “We train ChatGPT to recognize and respond to signs of mental or emotional distress, de-escalate conversations, and guide people toward real-world support.

    “We continue to strengthen ChatGPT’s responses in sensitive moments, working closely with mental health clinicians.”

    One case involves Zane Shamblin of Texas, who died by suicide in July at the age of 23. His family alleges that ChatGPT worsened their son’s isolation, encouraged him to ignore loved ones, and “goaded” him to take his own life.

    According to the complaint, during a four-hour exchange before Shamblin took his own life, ChatGPT “repeatedly glorified suicide”, told Shamblin “that he was strong for choosing to end his life and sticking with his plan”, repeatedly “asked him if he was ready”, and referenced the suicide hotline only once.

    The chatbot also allegedly complimented Shamblin on his suicide note and told him his childhood cat would be waiting for him “on the other side”.

    Another case involves Amaurie Lacey of Georgia, whose family claims that several weeks before Lacey took his own life at the age of 17, he began using ChatGPT “for help”. Instead, they say, the chatbot “caused addition, depression, and eventually counseled” Lacey “on the most effective way to tie a noose and how long he would be able to ‘live without breathing’”.

    In another filing, relatives of 26-year-old Joshua Enneking say that Enneking reached out to ChatGPT for help and “was instead encouraged to act upon a suicide plan”.

    The filing claims that the chatbot “readily validated” his suicidal thoughts, “engaged him in graphic discussions about the aftermath of his death”, “offered to help him write his suicide note” and after “having had extensive conversations with him about his depression and suicidal ideation” provided him with information about how to purchase and use a gun just weeks before his death.

    Another case involves Joe Ceccanti, whose wife accuses ChatGPT of causing Ceccanti “to spiral into depression and psychotic delusions”. His family say he became convinced that the bot was sentient, suffered a psychotic break in June, was hospitalized twice, and died by suicide in August at the age of 48.

    All users named in the lawsuits reportedly used ChatGPT-4o. The filings accuse OpenAI of rushing that model’s launch, “despite internal warnings that the product was dangerously sycophantic and psychologically manipulative” and of prioritizing “user engagement over user safety”.

    In addition to damages, the plaintiffs seek product changes, including mandatory reporting to emergency contacts when users express suicidal ideation, automatic conversation termination when self-harm or suicide methods are discussed, and other safety measures.

    A similar wrongful-death lawsuit was filed against OpenAI earlier this year by the parents of 16-year-old Adam Raine, who allege that ChatGPT encouraged their son to take his own life.

    After that filing, OpenAI acknowledged shortcomings of its models in handling people “in serious mental and emotional distress” and said it was working to improve the systems to better “recognize and respond to signs of mental and emotional distress and connect people with care, guided by expert input”.

    Last week, the company said it had worked with “more than 170 mental health experts to help ChatGPT more reliably recognize signs of distress, respond with care, and guide people toward real-world support–reducing responses”.

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