August 8, 2025:
OpenAI Launches GPT-5 Amidst Market Turmoil - OpenAI unveiled its GPT-5 model, marking a key development in AI as Anthropic and Google also introduced new models. Meanwhile, Trump demanded the resignation of Intel CEO Lip-Bu Tan and announced 100% chip tariffs. Firefly Aerospace saw a successful IPO, while Black Hat USA showcased numerous AI-driven cybersecurity solutions.
Earnings varied across sectors, with companies like Palantir and Arista outperforming, whereas AMD and Supermicro disappointed. Amid these developments, high-profile executive shifts were announced, and SoftBank acquired a Foxconn plant to bolster U.S. manufacturing.
