OpenAI is reportedly developing a new generative music tool capable of composing songs and instrumentals from text and audio prompts — another sign of the company’s accelerating expansion beyond conversational AI and into broader creative and consumer markets.

The report, published by The Information, said the model could generate music for videos or add instrumental accompaniment, such as guitar or piano, to existing vocals.

Many believe the project reflects OpenAI’s deepening push into multimedia creation, as it seeks to position itself as an “everything app” — one that integrates, among other things, text, voice, video, and now music — all within a unified ecosystem. The move follows OpenAI’s recent rollout of Sora, its text-to-video model, and its continued development of voice and image generation tools, suggesting a deliberate effort to dominate every creative medium through artificial intelligence.

According to The Information, OpenAI has been collaborating with students from the Juilliard School, one of the world’s most renowned music conservatories, to annotate musical scores. These annotations are being used to train the model to understand rhythm, harmony, and composition structures — a sign that the company is prioritizing accuracy and musical authenticity over mere novelty.

While OpenAI has experimented with generative music models in the past, those earlier prototypes came before the launch of ChatGPT and never reached public release. The current project, however, appears to be part of a broader monetization strategy, as the company grapples with rising operational costs and mounting pressure to generate sustainable revenue.

OpenAI, which has received billions in backing from Microsoft, is spending heavily on computing infrastructure, data acquisition, and AI model training — costs that have ballooned since the introduction of GPT-4 and the ChatGPT Plus subscription service. Despite its soaring valuation, analysts say the company has yet to achieve profitability, and its latest ventures into new industries may reflect a strategic bid to diversify income streams and reduce dependence on corporate licensing deals.

The music tool, once launched, could integrate directly with ChatGPT or Sora, enabling users to generate songs, soundtracks, or musical accompaniment while simultaneously producing lyrics and visuals. Such integration would make OpenAI the first major AI company to offer a seamless, cross-media creative workflow — a potentially transformative move for content creators, filmmakers, and digital artists.

But OpenAI is entering a space already occupied by formidable rivals. Google’s MusicLM and Suno’s AI platform both allow users to generate music from text prompts, while startups like Udio are experimenting with collaborative songwriting tools powered by machine learning. What may set OpenAI apart, analysts say, is its ability to unify multiple creative capabilities under one AI system — a feat no other company has achieved at scale.

Still, the company’s rapid expansion raises familiar concerns about copyright and data ethics. Generative music tools rely heavily on training datasets that often include copyrighted material, with the potential to spark criticism from musicians and record labels who argue that such practices amount to unlicensed use of creative works. OpenAI’s collaboration with Juilliard students appears to be an attempt to preempt such criticism by grounding the model’s training data in properly annotated, licensed compositions.

OpenAI has not commented publicly on the project, nor has it confirmed a release date or product format. However, sources believe the tool could be unveiled as early as 2026 as part of OpenAI’s broader roadmap to merge language, vision, and sound into a unified AI interface.

If successful, the new tool could redefine how music is composed, produced, and consumed — and potentially cement OpenAI’s role not just as a leading AI company, but as a foundational platform for the future of digital creativity.

Porsche AG has reported a steeper-than-expected operating loss of €966 million ($1.1 billion) for the third quarter, marking a sharp reversal from the €974 million profit recorded in the same period last year.

The German luxury automaker said the setback stemmed mainly from costs related to a sweeping rollback of its electric vehicle (EV) expansion strategy and the financial fallout of U.S. import tariffs.

Analysts surveyed by Visible Alpha had anticipated a smaller operating loss of €611 million, highlighting the extent of Porsche’s current troubles. The company’s slowdown denotes the turbulence facing Germany’s once-thriving auto sector as it grapples with the global EV price war led by Tesla and aggressive discounting by Chinese automakers such as BYD.

Porsche, long touted as a symbol of German precision and profitability since its 2022 stock market debut, is now battling a confidence crisis.

“We expect 2025 to be the trough that precedes a noticeable improvement for Porsche from 2026 onwards,” Chief Financial Officer Jochen Breckner said on Friday, adding that “large-scale solutions” were still being negotiated with labor unions to manage the company’s restructuring.

The carmaker maintained that its operating margin for 2025 could fall as low as 2%, compared with 14% last year. For 2026, it expects to rebound to a “high single-digit percentage,” Breckner said.

Porsche also disclosed that U.S. import tariffs will cost it roughly €700 million this year, forcing it to raise prices in the American market to offset part of the impact.

Breckner added that Porsche prices will rise further in the U.S. in the coming months as the company passes on tariff costs to consumers.

The CFO confirmed that Porsche will propose a “significantly lower 2025 dividend” than the €2.31 per preferred share paid for 2024, as part of an effort to conserve cash amid restructuring pressures.

In China, once the company’s biggest growth market, sales are expected to continue falling through 2026.

“We have to assume that the general market conditions will not improve in the foreseeable future,” Breckner said, describing persistent pricing pressures and slower luxury demand in the world’s largest auto market.

The German carmaker plans to cut 1,900 permanent jobs over the next few years, in addition to 2,000 temporary roles already being eliminated in 2025. Breckner said Porsche is preparing “a second package of cost-saving measures” focused on salary scales and employee perks rather than further layoffs, with details expected by year-end.

For the full year, Porsche estimates a €3.1 billion hit to earnings from restructuring and its decision to abandon in-house battery production. That figure includes the cost of dismantling parts of its EV expansion plan, which was once a cornerstone of its future growth strategy.

The company also confirmed that CEO Oliver Blume—who concurrently leads parent company Volkswagen—will step down from Porsche at the beginning of 2026. He will be succeeded by former McLaren Automotive CEO Michael Leiters, a move widely viewed as an effort to restore investor confidence. Leiters, who previously held senior engineering roles at Ferrari and Mercedes-AMG, is expected to inherit what Breckner described as “one of the most challenging transitions in Porsche’s modern history.”

The crisis at Porsche is already reverberating across the Volkswagen Group, which owns a 75% stake in the luxury brand. Porsche’s troubles add to a growing list of headwinds facing the Wolfsburg-based parent company, including a profit squeeze at Audi and declining demand for its mass-market models in China.

Volkswagen’s shares fell after Porsche’s results were published, as investors weighed the impact of the €3.1 billion hit to earnings on the group’s consolidated financials. The slump also adds pressure on Volkswagen’s management, which has been under scrutiny for its slow adaptation to the EV transition and its failure to gain traction against Chinese rivals.

Volkswagen had counted on Porsche’s strong margins to offset weaknesses in other brands. Last year, Porsche contributed more than one-third of Volkswagen Group’s total profit, with its 14% return on sales seen as a benchmark of efficiency. That figure now risks collapsing to as low as 2%, raising concerns among analysts that Volkswagen’s 2025 group earnings forecast may be too optimistic.

Although Volkswagen has not yet revised its consolidated outlook, some analysts believe that the loss of Porsche’s profit cushion could force the group to lower its guidance in coming quarters. Analysts say the automaker’s ability to maintain dividends and fund new EV investments could also come under strain if Porsche’s turnaround stalls beyond 2026.

Volkswagen’s luxury portfolio—comprising Porsche, Audi, Bentley, and Lamborghini—has traditionally served as its financial backbone, compensating for thin margins in mass-market segments such as VW, SEAT, and Skoda. But with Porsche now facing tariffs, declining Chinese sales, and restructuring costs, that advantage appears to be eroding.

In response, Volkswagen is expected to push for deeper cost cuts and may accelerate its strategic review of luxury operations to shield overall profitability. Breckner’s assurance that “2025 will be the trough” was echoed cautiously by investors who see 2026 as a critical year for Porsche to stabilize production, regain demand in the U.S. and China, and deliver the efficiency improvements required to restore margins.

Changpeng Zhao (CZ), the founder of Binance and a prominent Bitcoin advocate, has agreed to debate economist Peter Schiff, a longtime Bitcoin skeptic and gold proponent, on the merits of Bitcoin versus tokenized gold.

The exchange ignited on X (formerly Twitter) on October 23, 2025, following Schiff’s announcement of his upcoming blockchain-based gold tokenization project. While the two have agreed in principle to the debate, no date, format, or moderator has been confirmed yet.

This matchup revives a classic clash in financial circles: digital scarcity (Bitcoin) versus physical scarcity enhanced by blockchain (tokenized gold).

The debate is expected to center on which asset better functions as money—serving as a medium of exchange, unit of account, and store of value—amid Bitcoin’s surge past $126,000 and gold’s record highs above $4,000 per ounce.

On the ThreadGuy podcast, Schiff revealed plans for a mobile app where users can buy, store in vaults like Brinks, transfer, and redeem physical gold via blockchain tokens. He positions it as “the one thing that makes sense to put on a blockchain,” arguing it combines gold’s stability with crypto’s efficiency—enabling debit card spending or instant transfers—without Bitcoin’s “volatility or lack of intrinsic value.”

Schiff has long called Bitcoin a “giant pump-and-dump scheme” that will “go to zero,” while praising tokenized gold as blockchain’s true future. CZ, fresh off a presidential pardon from Donald Trump for his past legal issues, fired back on X, dismissing Schiff’s project as a “trust-me-bro” asset.

He argued that tokenized gold isn’t “truly on-chain” because it relies on third-party custodians for physical storage and redemption, creating risks like management changes or geopolitical instability.

“It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe… decades later, during a war,” CZ wrote.

Despite the jab, he praised Schiff’s professionalism and accepted the challenge: “As much as you voice against Bitcoin, you are always professional and nonpersonal. I appreciate that. Can have a debate about it.” CZ added, “Gold won’t go to zero, but Bitcoin is better,” emphasizing Bitcoin’s verifiable scarcity and self-custody.

Schiff’s Formal Challenge: In response, Schiff posted: “I challenge [CZ] to a debate: Bitcoin versus tokenized gold. Which best satisfies the conditions of money, which include being a medium of exchange, a unit of account, and a store of value? Who wants to moderate?”

The banter has sparked widespread buzz on X, with users hailing it as a “clash of monetary philosophies” and speculating on outcomes—some predicting a Bitcoin rout, others seeing tokenized gold as a bridge for mainstream adoption.

Tokenized gold is booming, with the sector’s market cap exceeding $3.75–$4 billion led by Tether Gold at $1.5B+ and PAX Gold at $1.3B+, driven by real-world asset (RWA) tokenization trends. However, critics like CZ echo crypto purists’ concerns: true decentralization requires no intermediaries, a strength Bitcoin holds over gold tokens.

Meanwhile, analysts like Anthony Pompliano note Bitcoin’s outperformance—gaining purchasing power over gold since 2020—hinting at a potential “flippening” in investor preferences. This isn’t Schiff’s first rodeo; he’s debated Bitcoin’s “digital gold” narrative on Fox Business multiple times, always favoring physical assets.

For CZ, it’s a chance to defend Bitcoin’s ethos post-Binance. Potential moderators could include crypto influencers like Anthony Pompliano or traditional finance voices.

Until then, the crypto community is placing informal bets—Bitcoin’s edge in portability and immutability versus gold’s proven 5,000-year track record. Stay tuned; this could shape narratives around RWAs and Bitcoin’s role in the future of money.