The Dow Jones Industrial Average experienced a decline on Tuesday following concerning reports on home sales and consumer confidence, resulting in the Dow dropping 388.00 points or 1.14% to 33,618, marking its worst performance since March. Additionally, the S&P 500 decreased by 1.47% to 4,273, and the Nasdaq Composite retracted by 1.6%.
OpenAI has updated ChatGPT to include voice interaction and image processing capabilities, with voice options on its mobile app and image analysis available across platforms. Amid the evolving AI landscape and increased investments, concerns have arisen over the potential misuse of AI-generated synthetic voices for deepfakes, though OpenAI assures that voices were created with known voice actors and emphasizes not retaining audio clips, though transcriptions might be used for model improvement.
On the stock front, Amazon faced a 4% dip after the FTC's lawsuit, while Ford paused its $3.5 billion EV battery plant project and saw a 1.2% decline in its stock. Other notable stock movements included United Natural Foods dropping 27%, Fisker rising 9.8%, Rivian Automotive gaining 5.4%, and various other companies like Cintas, Ferguson, Sirius XM Holdings, DraftKings, and Costco witnessing significant fluctuations.
