OpenAI reportedly developing social media platform to rival Elon Musk’s X
San Francisco: In a development that could reshape the AI-driven social media landscape, OpenAI is reportedly in the early stages of creating its own social media platform, one that closely resembles Elon Musk’s X (formerly Twitter).
According to sources cited by The Verge, the new platform features an experimental feed built around ChatGPT’s image generation capabilities. The project is still in its infancy, and it is unclear whether it will debut as a standalone app or as an extension of the ChatGPT interface.
While OpenAI has not yet issued an official statement, CEO Sam Altman is said to be personally involved in reviewing and discussing the platform’s potential. This move, if confirmed, could escalate existing tensions between Altman and Musk, a co-founder of OpenAI who left the company in 2018.
Relations between the two tech leaders have become increasingly hostile. In February, Musk attempted a $97.4 billion unsolicited takeover of OpenAI, an offer that was firmly rejected. He later filed a lawsuit against Altman and OpenAI, accusing them of betraying the company’s original non-profit mission. In response, OpenAI filed a counter-suit accusing Musk of harassment and attempting to derail its evolution into a for-profit enterprise. The legal confrontation is expected to go before a jury in 2026.
Observers say OpenAI’s possible entry into the social media space could create a new front in the ongoing rivalry, not only with Musk, but also with Meta. Mark Zuckerberg’s company is also reportedly working on AI-powered social platforms. Altman previously hinted at OpenAI’s interest in the domain, responding to Meta’s plans with a post on X: “ok fine maybe we'll do a social app.”
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
