Table of Contents

• Mastercard

• OpenAI

Top Stories Today

Economy & Finance

Mastercard

Mastercard posted higher-than-expected earnings for Q3 as consumer spending remained strong, driven by economic stability. However, its stock dipped 2% following news that the European Commission requested documents for an investigation into alleged antitrust practices. Mastercard's revenue grew by 13%, with value-added services making up 37% of total revenue, rising 19% from the previous year. Despite some concerns over spending trends, diversified payment services, including digital options, showed resilience. Excluding certain expenses, earnings reached $3.89 per share, surpassing estimates of $3.74.

Technology

OpenAI

OpenAI has unveiled an enhanced search function within ChatGPT, integrating it directly into the chatbot rather than as a standalone tool. This move places it in competition with established search leaders, including Google's platform and Microsoft's AI-powered search engine, while also facing newer contenders like Perplexity. The search feature, using an optimized version of GPT-4, will respond to user queries with fast, relevant web-sourced answers, providing links for further details. Available to ChatGPT Plus and Team subscribers initially, it will gradually roll out to additional users. OpenAI has secured partnerships with major publishers, allowing tailored content integration and fostering collaboration with media outlets worldwide.

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