Breaking news

OpenAI Plots Social Media Disruption—And Elon Musk Won’t Like It

by News Editor

OpenAI is quietly building a social network that could rival Elon Musk’s X (formerly Twitter), according to The Verge. Still in its early stages, the project has already sparked intrigue—and may further fuel the public feud between OpenAI CEO Sam Altman and his once-ally Musk.

Inside OpenAI’s Social Experiment

Sources familiar with the initiative say there’s already an internal prototype featuring an image-focused social feed powered by ChatGPT. It’s unclear whether the platform will launch as a standalone app or be embedded directly into the ChatGPT interface, but the direction is clear: OpenAI wants in on social.

Altman is reportedly soliciting advice from external experts behind the scenes. Though OpenAI has yet to confirm the project, the idea itself signals a dramatic expansion of its ambitions—from foundational AI models to consumer-facing platforms.

A Brewing Tech Rivalry

A move into social media would place OpenAI in direct competition with tech giants like Meta, which is building its own AI-driven social platform, and X, which Musk acquired in 2022.

The timing is anything but neutral. Altman and Musk have clashed repeatedly over the direction of OpenAI. Musk, a co-founder of the company, departed in 2018 and has since become one of its loudest critics. In February, he led a group of investors in a failed $97.4 billion bid to seize control of the company—an offer Altman flatly rejected.

Their conflict escalated into legal warfare: Musk sued OpenAI and Altman last year, accusing them of abandoning the startup’s original nonprofit mission. Earlier this month, OpenAI fired back with a countersuit, accusing Musk of attempting to sabotage its business transition. The case is headed to trial next spring.

Catching Up With The Data Giants

If OpenAI launches a social network, it faces an uphill battle. Meta and X already sit on mountains of user-generated data—fuel for training powerful AI systems. OpenAI, despite its dominance in generative AI, lacks that kind of proprietary dataset.

Still, the idea isn’t without precedent. In February, after Meta’s social AI project leaked, Altman posted a cryptic jab on X: “Okay, maybe we can make a social app.” It may have been more than just a joke.

If this experiment becomes real, OpenAI won’t just be competing for attention—it will be reshaping the interface between AI and the social internet.

Tether-Like Social Network Amid Tensions with Musk

OpenAI is quietly building a social network that could rival Elon Musk’s X (formerly Twitter), according to The Verge. Still in its early stages, the project has already sparked intrigue—and may further fuel the public feud between OpenAI CEO Sam Altman and his once-ally Musk.

Inside OpenAI’s Social Experiment

Sources familiar with the initiative say there’s already an internal prototype featuring an image-focused social feed powered by ChatGPT. It’s unclear whether the platform will launch as a standalone app or be embedded directly into the ChatGPT interface, but the direction is clear: OpenAI wants in on social.

Altman is reportedly soliciting advice from external experts behind the scenes. Though OpenAI has yet to confirm the project, the idea itself signals a dramatic expansion of its ambitions—from foundational AI models to consumer-facing platforms.

A Brewing Tech Rivalry

A move into social media would place OpenAI in direct competition with tech giants like Meta, which is building its AI-driven social platform, and X, which Musk acquired in 2022.

The timing is anything but neutral. Altman and Musk have clashed repeatedly over the direction of OpenAI. Musk, a co-founder of the company, departed in 2018 and has since become one of its loudest critics. In February, he led a group of investors in a failed $97.4 billion bid to seize control of the company—an offer Altman flatly rejected.

Their conflict escalated into legal warfare: Musk sued OpenAI and Altman last year, accusing them of abandoning the startup’s original nonprofit mission. Earlier this month, OpenAI fired back with a countersuit, accusing Musk of attempting to sabotage its business transition. The case is headed to trial next spring.

Catching Up with the Data Giants

If OpenAI launches a social network, it faces an uphill battle. Meta and X already sit on mountains of user-generated data—fuel for training powerful AI systems. OpenAI, despite its dominance in generative AI, lacks that kind of proprietary dataset.

Still, the idea isn’t without precedent. In February, after Meta’s social AI project leaked, Altman posted a cryptic jab on X: “Okay, maybe we can make a social app.” It may have been more than just a joke.

If this experiment becomes real, OpenAI won’t just be competing for attention—it will be reshaping the interface between AI and the social internet.

Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

Uol
eCredo
The Future Forbes Realty Global Properties
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter