FBI Investigates Former Fed Official for Alleged Espionage, OpenAI Unveils New AI Products and IPO Plans
A former senior Federal Reserve official, John Harold Rogers, is under FBI investigation on suspicion of espionage after allegedly sharing confidential information with a Chinese government agent. The case has drawn comparisons to a spy novel due to its dramatic nature, including how the suspect's personal life was exploited by an intelligence operative. At OpenAI’s developer conference, CEO Sam Altman introduced new AI products such as Dots and GPT-6.1 Sol while downplaying specific IPO timelines, emphasizing safety over speed. The company plans to go public when it deems appropriate for its business strategy. Meanwhile, President Donald Trump announced an executive order renaming artificial intelligence (AI) as 'super intelligence' in a bid to rebrand the technology amid growing skepticism. Investors are awaiting key economic data including August's PCE price index and employment figures ahead of market open. The 30-year Treasury bond yield recently reached its highest level since 2002, contributing to stock volatility.
Topics: China espionage FBI arrest Federal Reserve investigation