Field Notes

EU tightens the screws on ChatGPT, BoE warns of an AI bubble, OpenClaw 2.0, HBM3E from China

Regulation tightens, capital markets are jittery, tools mature, and China pushes on memory.

The key stories

Andrew Bailey warns the G20 about a financial crisis from an AI bubble. Leverage rises in parallel. Rising valuations without matching earnings raise system risk. Supervisors should check risks in credit chains.1

OpenClaw 2.0 is here. The update simplifies installation, adds a new browser app, and multiplayer sessions. That lowers the barrier to collaborative agent workflows. If you onboard teams, you start right in the browser.2

OpenAI reports 1 billion dollars in annualized revenue with ChatGPT Ads and expands availability globally. The figure comes from the provider and is not independently verified. More free access ties to ad impressions. If you use the interface, you will see ads more often.3

In the EU, ChatGPT faces stricter rules. It now counts as a Very Large Online Search Engine. This is a DSA category for very large search services. There are requirements on minors, mental health, and illegal content. OpenAI must prove measures for this, with implementation due shortly. If you use ChatGPT in the EU, expect extra safeguards and possible UI changes.4

China’s CXMT has produced HBM3E memory for the first time. That narrows the gap in memory for AI accelerators. There are no details on volumes, clocks, or availability. This changes nothing for hardware planning today.5

Tools and releases

  • The Pentagon now bundles ChatGPT and Grok alongside Gemini on its AI portal.6
  • Instagram throttles the reach of unlabeled AI profiles and intervenes more in the feed.7
  • OpenAI is testing success-based pricing with some large customers and charges only when models hit targets.8
  • Debian allows AI tools in development, maintenance, and docs, but stresses responsible use.9
  • Clipto searches terabytes of video with AI and is valued at 250 million dollars. The startup reports 15 million ARR and profitability before the round.10

Research

  • GigaPath-Flash and GigaTIME-Flash reach similar quality in pathology with much less compute. That unlocks larger cohorts.11
  • TimesFM-3 shows strong zero-shot multivariate forecasts across datasets. This is without fine-tuning.12

Sources

  1. Bank of England chief warns that inflated AI valuations and rising leverage could trigger the next financial crisis (the-decoder.com)
  2. OpenClaw 2.0 brings simplified setup, a rebuilt browser app, and multiplayer sessions (the-decoder.com)
  3. A milestone in expanding access to AI (openai.com)
  4. ChatGPT to face tougher regulation in the EU (theverge.com)
  5. China's CXMT makes its first HBM3E chips, closing the AI memory gap (the-decoder.com)
  6. The Pentagon now has its own version of ChatGPT and Grok (techcrunch.com)
  7. Instagram puts new limits on undisclosed AI profiles (techcrunch.com)
  8. OpenAI starts charging some customers only when its AI actually works (the-decoder.com)
  9. Debian won’t ban AI code from its Linux distribution (theverge.com)
  10. Clipto uses AI to search terabytes of video and is now valued at $250M (techcrunch.com)
  11. GigaPath-Flash and GigaTIME-Flash: Toward population-scale discovery with efficient pathology foundation models (microsoft.com)
  12. TimesFM-3: A zero-shot foundation model for multivariate forecasting (research.google)