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ChatGPT Service Restored After Disruption, Following $500 Billion Stargate Project Announcement

After a recent outage that temporarily took ChatGPT offline, OpenAI has successfully restored service. The disruption, which affected thousands of users globally, was marked by over 10,000 complaints reported by users in the United Kingdom, according to Downdetector, a website monitoring service. The outage began around 11:00 GMT on Thursday, with users receiving a “bad gateway error” when trying to access the AI tool.

OpenAI quickly acknowledged the issue on its status page, confirming that a fix was implemented by 15:09 GMT and that they were monitoring the results. Although the exact cause of the outage was not disclosed, the company stated on social media, explaining that high error rates earlier in the day were linked to problems with one of their providers. OpenAI assured users that the issue had been addressed and normal service would resume shortly.

A Surge In Popularity Amidst Service Interruptions

Since its launch in November 2022, ChatGPT has seen an unprecedented rise in popularity, with OpenAI CEO Sam Altman announcing that by December 2024, the platform would be used by over 300 million people worldwide. Despite the occasional outages, the service remains incredibly popular, with many users opting for the free version, while others subscribe to various paid tiers, which can cost up to $200 per month.

This surge in demand comes in the wake of significant investments into AI infrastructure, including a $500 billion commitment from tech giants such as OpenAI, Oracle, and SoftBank. The investment, part of the Stargate project, aims to solidify American leadership in the global AI race.

A History Of Service Interruptions

While the recent outage may have been one of the more noticeable incidents, it is not the first time that ChatGPT has faced service interruptions. In the previous month, users encountered “internal server errors” when attempting to interact with the platform, coinciding with a power issue at one of Microsoft’s data centers. Another major outage in June impacted multiple AI tools, adding to a growing list of disruptions.

Additionally, just days before this latest incident, OpenAI’s new video generation tool, Sora, went offline alongside ChatGPT for several hours. This series of disruptions has raised concerns about the reliability of the service, even as the platform continues to gain traction globally.

The Stargate Project And AI’s Future

The ChatGPT outage occurred just one day after the announcement of the ambitious $500 billion Stargate project. OpenAI, along with its partners — Oracle and SoftBank — unveiled the initiative, which is designed to enhance American leadership in artificial intelligence. The project is expected to drive significant economic growth globally, creating hundreds of thousands of jobs. OpenAI has emphasized that the infrastructure will play a pivotal role in transforming the AI landscape, positioning the United States as a leader in global AI innovation.

Despite the recent service interruptions, ChatGPT’s growth and the grand vision surrounding the Stargate project reflect the ever-expanding influence and potential of generative AI technologies in shaping the future.

Cyprus Residential Market Surpasses €2.5 Billion In 2025 With Apartments Leading the Way

Market Overview

In 2025, Cyprus’ newly built residential property market achieved a remarkable milestone, exceeding €2.5 billion. Data from Landbank Analytics indicates robust activity countrywide, with newly filed contracts reaching 7,819, including off-plan developments. This solid performance underscores the market’s resilience and dynamism across all districts.

Transaction Breakdown

The apartment sector clearly dominated the market, constituting 81.6% of transactions with 6,382 deals valued at €1.77 billion. In contrast, house sales represented a smaller segment, encompassing 1,437 transactions and generating €737.9 million. The record-high transaction was noted in Limassol, where an apartment sold for approximately €15.2 million, while the priciest house fetched roughly €6.2 million.

Regional Analysis

Nicosia: The capital recorded steady domestic demand with 2,171 new residential transactions. Apartments accounted for 1,836 deals generating €349.6 million, compared to 335 house transactions worth €105.5 million, anchoring Nicosia as a core market with average values of €190,000 for apartments and €315,000 for houses.

Limassol: As the island’s principal investment center, Limassol led overall activity with 2,207 transactions. Apartments dominated with 1,936 sales generating €824.1 million, while 271 house transactions added €157.9 million. The district enjoyed premium pricing, with apartments averaging over €425,000 and houses around €583,000.

Larnaca: This district maintained robust activity with a total of 2,020 transactions. The apartment segment realized 1,770 transactions worth €353 million, and houses contributed 250 deals valued at €96.3 million. Average prices hovered near €200,000 for apartments and €385,000 for houses, positioning Larnaca within the mid-market bracket.

Paphos: With a more balanced mix, Paphos completed 1,078 transactions. Ranking second in overall value at €503.2 million, the district saw house sales generate €287.8 million and apartments €215.4 million. Consequently, Paphos achieved the highest average house price at approximately €710,000 and an apartment average of €320,000, emphasizing its premium housing profile.

Famagusta: Distinguished by lower transaction volumes, Famagusta was the sole district where house sales outnumbered apartment deals. Out of 343 transactions, 176 involved houses (yielding €90.4 million) and 167 were apartments (at €32.4 million). The segment’s average prices were about €194,000 for apartments and over €513,000 for houses, signaling its focus on holiday residences and coastal developments.

Sector Insights and Forward View

Commenting on the report, Landbank Group CEO Andreas Christophorides remarked that the analysis demonstrates an ecosystem where apartments are the cornerstone of the real estate market. He emphasized, “The apartment sector is not merely a trend; it is the engine powering the country’s real estate market.” Christophorides also highlighted the diverse regional dynamics: Limassol leads in apartment pricing, Paphos commands premium house prices, Nicosia remains pivotal to domestic demand, Larnaca sustains competitive activity, and Famagusta caters to holiday home buyers.

In a market characterized by these varied profiles, informed monitoring of regional and sector-specific dynamics is crucial for investors aiming to make targeted and strategic decisions.

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