Welcome to today’s AI edition, where we’ll explore how OpenAI is transforming ChatGPT from a simple chatbot into a full-fledged platform for apps, agents, and creation tools.

At its 2025 Dev Day event in San Francisco, OpenAI gathered thousands of developers and partners to unveil this next chapter. CEO Sam Altman described the updates as part of the company's mission to make AI more useful, customizable, and accessible to everyone.
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Among the biggest advancements: apps can now live directly inside ChatGPT conversations rather than in separate browser tabs — meaning users can open and interact with tools like Canva, Figma, Spotify, and Zillow right within a chat.

OpenAI also introduced AgentKit, a no-code toolkit that lets anyone build custom AI assistants capable of completing tasks or connecting to external services. On the tech front, the company rolled out major model upgrades — including GPT-5 Pro for improved reasoning, Sora 2 for advanced video generation, and a new real-time voice system that makes ChatGPT sound and feel more natural than ever.

Dive Deeper: Open AI's Biggest Dev Day Reveals (The Rundown AI)

These updates, according to The Rundown AI, signal ChatGPT’s evolution into something that feels less like a chatbot and more like the foundation of a new kind of digital operating system.

Why It Matters: Open AI Emerges as the Windows of AI (Stratechery)
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OpenAI’s flood of announcements is getting hard to keep up with, according to Ben Thompson, the founder of Stratechery. A selection from just the last month:

• A massive data center buildout in partnership with Oracle
• A $100 billion investment from Nvidia along with a deal to acquire 10 GW worth of Nvidia chips
• A new Instant Checkout feature for the long tail of e-commerce
• A partnership with Samsung and SK hynix to supply memory for AI chips

Together with the developments from Dev Day, these moves bring clarity and coherence to OpenAI’s strategy to integrate hardware, software, and applications, emphasizing its ambition to become the Windows of AI.

Inside the Economy

Banking on AI: JPMorgan’s Dimon Says AI Cost Savings Now Matching Money Spent (Bloomberg)

JPMorgan Chase CEO Jamie Dimon told Bloomberg TV that the bank invests about $2 billion a year in artificial intelligence and achieves comparable savings from the technology.

The New York-based bank has thousands of employees working on AI, and Dimon has said previously that the technology will be embedded in every one of the company’s processes, including trading, research, equity hedging and customer service, often as a sort of co-pilot.

Dimon noted that AI’s potential is still in its infancy, with hundreds of current applications and the capacity to revolutionize industries, boost efficiency, and eventually shorten work weeks.

Sticky Prices: Consumers See Higher Inflation in Year Ahead, NY Fed Survey Shows (Bloomberg)

Consumers increasingly expect higher inflation, with year-ahead estimates rising to 3.4%—a sign that lower- and middle-income households are bearing the brunt of persistent price pressures.

The New York Fed survey also points to growing economic strain, as job-loss fears rise, confidence in the labor market weakens, and households grow more pessimistic about their financial outlook.

Labor Warning: Carlyle Unveils Proprietary Data Showing Weak US Employment (Bloomberg)

Carlyle Group, the investment manager whose portfolio companies employ more than 700,000 people globally, is stepping into the economic data void left by the US government shutdown with a grim read on the labor market.

The US Labor Department’s September employment report, whose scheduled release on Oct. 3 was among those that have been postponed since the shutdown began last week, was expected by economists in a Bloomberg poll to show a 54,000 increase in nonfarm payrolls from August’s total of about 159 million.

Carlyle instead estimates that just 17,000 jobs were created in September, among the weakest results since the US economy emerged from the 2020 recession.

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AI in Action

Listen to the Sheekey Daily Read Podcast for an audio rundown of the newsletter, each day. The podcast now goes beyond the page — diving deeper into today's news and offering added context and perspective on the stories featured in our newsletter. Listen here. 

AI Tool Spotlight: Google's Notebook LM

Notebook LM, along with its Audio Overviews feature, powers the creation of the Sheekey Daily Read podcast. This Google AI tool generates natural-sounding audio alongside AI-powered podcast hosts that turn text into engaging, on-the-go listening experiences.

Beyond podcasts, Notebook LM can also create scripts, summaries, and interactive briefings — helping users make connections and understand complex material faster.

And Beyond: 6 Ways to Use NotebookLM to Master Any Subject (The Keyword - Google)
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What I'm Reading

Pact in Progress: Trump Says US and Canada Working on Formula for Tariff Deal (Bloomberg)

Canadian Prime Minister Mark Carney met with President Trump at the White House on Tuesday, as both leaders expressed optimism about resolving tariff disputes on steel, aluminum, autos, and other sectors that have strained trade ties since the pandemic.

Trump hinted at closer economic integration, while Carney emphasized partnership and investment, framing the talks as part of efforts to strengthen North American trade and security ahead of the 2026 US–Mexico–Canada Agreement review.

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President Trump and Canadian Prime Minister Mark Carney in the Oval Office on Oct. 7. Photo: Shawn Thew/EPA/Bloomberg via Getty Images

Trade Chain Reaction: EU Proposes 50% Steel Tariffs as Trump Effect Ripples Around World (New York Times)

President Trump’s steep steel tariffs have triggered a global domino effect, prompting the EU to propose a 50% tariff to protect its industry from cheap Chinese imports.
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The move signals a broader shift toward protectionism, as Europe seeks to shield producers despite the risk of higher prices and strained ties with partners like Britain.

Future of Finance: Spain at the Vanguard of Europe’s Next Economic Chapter (El Pais - Andrea Mosconi)

MidEast Latest: Hamas, Israel Upbeat as Top Teams Join Talks on Ending Gaza War (Bloomberg)

Hamas and Israel expressed cautious optimism about ending the two-year Gaza war as negotiations in Egypt enter a third day under President Trump’s peace plan, centered on a prisoner-hostage exchange and Israeli troop withdrawal.

Mediators from the US, Egypt, Qatar, and Turkey report progress, though key disputes remain over Hamas’s disarmament, humanitarian access, and the sequencing of Israel’s military pullout.

Allies in the East: India’s Modi Reaffirms Ties With Russia in Phone Call With Putin (Bloomberg)

India and Russia reaffirmed their plans to strengthen their strategic partnership during a call between Prime Minister Modi and President Putin, underscoring India’s continued ties with Moscow despite US pressure over Russian oil imports.

Justice Watch: Bondi Dodges Senators' Questions on Comey, Epstein Probes (Axios)

Attorney General Pam Bondi testified before the Senate on Tuesday in Washington as part of an oversight hearing into the Justice Department’s handling of politically sensitive investigations.

During the hearing, when asked about probes involving James Comey, Jeffrey Epstein, and alleged misconduct by Trump officials, Bondi avoided specifics and repeatedly redirected questions, at times deflecting scrutiny toward Democrats, fueling accusations that the Justice Department is shielding the former president and obstructing congressional oversight.

Legal Analysis: How Trump Could Use the Insurrection Act To Send Troops to American Cities (Axios)

President Trump told reporters that “we have an Insurrection Act for a reason,” suggesting he could invoke the 1807 law that allows presidents to deploy the military on American soil in certain situations.

The move would let him bypass court rulings that have slowed his deployment of federal troops to Democrat-led cities.

Legal experts warn the Act grants presidents nearly “limitless discretion to deploy the military domestically” and note it has not been “meaningfully updated” in some 150 years, raising fears it could be misused to expand executive power.

Excessive Force Allegations: Chicago Journalists, Protesters Sue Trump Administration, Alleging ‘Extreme Brutality’ (Politico)

A coalition of Chicago journalists, press organizations, unions, and protesters sued the Trump administration Monday, alleging federal agents used excessive force at local ICE protests.

The suit cites incidents in which agents fired pepper balls and tear gas at reporters wearing visible press credentials and struck peaceful protesters, clergy members, and bystanders — actions the plaintiffs say were meant to intimidate and silence dissent in violation of First Amendment rights.

The case marks the latest legal challenge to Trump’s militarized crackdown as he moves to deploy National Guard troops to the city.

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Today in Science: Nobel Prize in Chemistry Awarded to Architects of Metal-Organic Frameworks (New York Times)

Coming Up This Month: Es Devlin’s Art of Belonging Installation Congregation Arrives in NYC (PAC NYC)

World-renowned artist Es Devlin brings her monumental installation Congregation to the US for the first time, on view at the Perelman Performing Arts Center (PAC NYC) from Oct. 29 – Nov. 1.

The immersive work, featuring projection-mapped portraits of 50 Londoners who have experienced displacement, as well as their journeys from more than 25 countries, invites visitors to reflect on belonging, migration, and shared humanity.

Reservations are now available at PACNYC.org and admission is pay-what-you-wish. 

In Other News at PAC NYC: Presenting A Christmas Carol This Winter (PAC NYC)

The acclaimed Old Vic production of A Christmas Carol, adapted by Tony Award winner Jack Thorne and directed by Matthew Warchus, arrives for the holidays from Nov. 23–Dec. 28.

This immersive, joy-filled retelling of Dickens’ classic invites audiences of all ages to share in the spirit of the season. Tickets are on sale now.

Best of Late Night

On recent YouGov data indicating a decline in President Trump’s favorability:

“You remember the guy who keeps saying I have no ratings? Well, that makes two of us.”
- Jimmy Kimmel

“At this point, finding a toenail in your salad has a seven-point lead over Donald Trump.”
- Jimmy Kimmel

“I’m at plus three, he’s at minus 13, which is nice, but it feels like — considering the fact that I’m not a convicted felon friend of Jeffrey Epstein and I’ve never paid off a porn star — I feel like my rating should be higher, maybe?"
- Jimmy Kimmel

And from The Daily Show: Jon Stewart dives into the emerging effects of the government shutdown, the battle over healthcare that has Republicans and Democrats pointing fingers, and Trump's delight in using the shutdown to continue steamrolling Democrats and the Constitution. Click the photo below to watch.