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Sam Altman reportedly sent a memo to his staffers outlining a “code red” effort to improve ChatGPT.

It can cost hundreds of millions or even billions to build a large language model from scratch, and this process is more affordable, Amazon said.

“You can make an AI go insane if you force it to believe things that aren’t true because it will lead to conclusions that are also bad,” Elon Musk said.

Here are the key takeaways from ECB’s Kazaks on the policy outlook:

• A negative economic shock would make a rate cut more likely than an equal positive shock would justify a hike.

• The ECB must closely monitor ETS 2 because its inflation impact is “of significant magnitude.”

• Current data do not “warrant a strong discussion on changing the policy rates.”

• Policymakers should focus more on 2026 and 2027 forecasts when shaping decisions.

• Targeting an uncertain outlook three years ahead “would not make sense.”

• Markets have “a good understanding” of the ECB’s reaction function.

What is ETS 2?

ETS 2 stands for Emissions Trading System.

• ETS 2 Overview: A new Emissions Trading System, referred to as ETS 2, is planned for the road transport and buildings sectors and is scheduled to commence in 2027.

• ECB on Climate Risks: The ECB is actively incorporating climate-related and environmental risks into its supervisory priorities. It acknowledges that it must use its available tools to mitigate the risks climate change poses to both price stability and financial stability.

• ECB on Carbon Pricing: ECB Executive Board member Frank Elderson has stated that carbon pricing is a “key tool” in the transition to a Paris-aligned economy.

This article was written by Greg Michalowski at investinglive.com.

Gold (XAU/USD) edges lower on Tuesday as traders lock in some profits following Monday’s surge to six-week highs. At the time of writing, XAU/USD is trading near $4,190, down over 1% on the day.

Gold (XAU/USD) edges lower on Tuesday as traders lock in some profits following Monday’s surge to six-week highs. At the time of writing, XAU/USD is trading near $4,190, down over 1% on the day.

After dropping nearly 5% yesterday, Bitcoin has rebounded sharply today with a gain of about 4.5%. The price is currently up $3,892 at $90,200, after reaching a session high of $90,873. Today’s low at $86,190 followed yesterday’s deeper dip to $83,814 before buyers stepped in.

On the hourly chart—where the technicals turn quickest—the rebound has pushed the price back above the converged 100- and 200-hour moving averages at $89,108 and $89,253. Holding above those levels keeps the short-term bias tilted firmly toward the buyers.

The next upside target sits at the swing area from the November 20 and November 28 highs near $93,091. A break above that zone would open the door toward the 38.2% retracement of the October 27 decline, which comes in at $94,229.

Strategy (formally MicroStrategy – MSTR – and a Bitcoin accumulator) is up 5% today after falling to the lowest level since September 2024 yesterday.

At session lows, the price tested a trendline (see chart below and post from yesterday) and bounced. At the time, I wrote:

For MSTR it is trading above its low at $155.56, but is still down over 10% on the day. At session lows the price tested a trendline connecting lows from May and September 2024.That is the only positive from the stock chart below as it melts from it’s all time high price of $543 reached in November 2024. Nevertheless, if the level holds, the buyers against the level can get on their knee’s and hope for a bounce.

The price DID bounce.

Looking at the hourly chart, there is resistance at the 100 hour moving average currently at $193.26 (blue line on the chart below). Above that the 200 hour moving average up $231.46 (and moving lower) would be targeted (Green line on the chart below).

This article was written by Greg Michalowski at investinglive.com.

The Euro (EUR) edges lower against the Swiss Franc (CHF) on Tuesday, with EUR/CHF trading around 0.9333, easing slightly from the upper end of its multi-day range after trading flat for most of the day as traders show a muted reaction to preliminary Eurozone inflation data.

The model unveiling comes on the back of a commercial contract with HSBC.