States sue AI giant OpenAI, saying its popular chatbot is hurting children and deceiving adults

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HARRISBURG, Pa. – Eight states are suing the artificial intelligence giant OpenAI, saying the company’s popular chatbot violated consumer protection laws by hurting children and deceiving adults.

In its lawsuit filed Wednesday, Iowa says the company’s chatbot model, ChatGPT, is giving dangerous medical advice, encouraging paranoia and coaching people to hurt others or commit suicide.

OpenAI says it has built in safety protections into ChatGPT for children and that it would continue to do so. The lawsuits are the latest to be filed by states accusing tech giants that offer AI chatbots and social media platforms of harming children.

The other states suing are Arizona, Arkansas, Idaho, Kansas, Montana, Nebraska and West Virginia.

Wall Street rises despite AI swings

U.S. stock indexes muscled higher following a shaky day of trading. The S&P 500 rose 0.3% Thursday after erasing an early-morning loss and pulled closer to its all-time high set last week.

The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite added 0.1%. Markets had been shaky in the morning, when worries about the strength of the AI boom sent stock indexes tumbling across Asia.

But AI stocks pared their losses as the day progressed, while strong profit reports from some U.S. companies helped lift other stocks.

Treasury yields fell despite another report saying U.S. inflation is worsening.

NEI accepting Pioneer nominations

Nominations are being accepted through the end of October for the 2027 Pioneer Awards.

The Northeast Indiana Regional Partnership, an organization that supports business attraction, expansion and innovation, will recognize, with the public’s input, success stories in the category of Brand Champion, Social Impact and Entrepreneur.

For more information or to nominate, go online to the NEI website at pioneerstartshere.com/nominate.

Carhartt opens at Jefferson Pointe

Carhartt, a family-owned retail brand specializing in workwear, opened Thursday at Jefferson Pointe in southwest Allen County.

The Fort Wayne store at 4220 W. Jefferson Blvd., Suite 01, has more than 6,000 square feet of space, according to a news release. It is the second standalone store Carhartt has in Indiana and the 67th for the business overall. The retailer, which dates to 1889, also has a location in the Indianapolis suburb of Greenwood.

Headquartered in Dearborn, Michigan, Carhartt says its focuses on durable products for workers “on and off the job.”Taiwan chipmaker TSMC explores Texas investment to expand production in the US

Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas.

The company made the announcement Thursday while reporting a record profit driven by strong demand for artificial intelligence. TSMC has already pledged $265 billion for plants in Arizona including $100 billion committed in July. For the July-September quarter, the chipmaker reported a record net profit of nearly $24 billion, up 69% from the previous year. TSMC CEO C.C. Wei says the company is working hard to expand its capacity in the U.S. as demand continues to exceed supply.

Claims for jobless aid remain at historically low levels below 200,000

SUMMARY: U.S. applications for unemployment benefits inched up last week as layoffs remain historically low and most American workers enjoy job security. The Labor Department said Thursday that initial jobless claims for the week ending October 10 ticked up by 1,000 to 199,000 from the week before. The four-week average of claims, which smooths out week-to-week volatility, rose by 250 to 198,500. Claims for jobless benefits are a proxy for layoffs. The total number of Americans filing for unemployment benefits for the previous week ending October 3 fell by 4,000 to 1.71 million, also a historically healthy figure.

IMF says African economies performing well despite shocks from the Iran war

The head of the International Monetary Fund’s Africa department says African economies have managed to weather the energy crisis brought on by the Iran war. But Zeine Zeidane said Thursday at an IMF and World Bank in Bangkok that a decline in aid has left the continent vulnerable to future shocks. Zeidane says development aid to the continent fell sharply last year and is forecast to fall another 12% this year. Many African nations have enacted reforms to improve economic resilience and are benefiting from surging prices for exports of critical minerals used in advanced technologies such as artificial intelligence. The IMF has urged those countries to use the windfalls wisely and adopt AI to improve competitiveness.

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