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.