Since the Supreme Court struck down the federal prohibition on sports betting in 2018, 39 states have legalized the activity, and college campuses have emerged as ground zero for what appears to be a generational gambling problem among young men. A 2023 NCAA survey found that 60% of college students have gambled on sports, and 16% of 18-to-22-year-olds engage in what the organization classifies as problematic gambling. A Siena University poll from January found that 28% of men aged 18-to-34 who use sports-betting apps have had trouble meeting a financial obligation because of a lost bet.

Timothy Fong, a psychiatry professor at UCLA, says every one of his recent clients has been an 18-to-24-year-old man seeking help for a sports-betting or cryptocurrency addiction. John Simonian, a personal-bankruptcy lawyer in Rhode Island, says he never used to see young men filing for bankruptcy -- now it's common. On November 7th, the NCAA announced it had uncovered three separate betting scandals in men's basketball where athletes intentionally played poorly in games on which they or a friend had placed wagers.

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OpenAI on Thursday released GPT-5.2, its latest and what the company calls its "best model yet for everyday professional use," just days after CEO Sam Altman declared a "code red" internally to marshal resources toward improving ChatGPT amid intensifying competition from Google's well-received Gemini 3 model. The GPT-5.2 series ships in three tiers: Instant, designed for faster responses and information retrieval; Thinking, optimized for coding, math, and planning; and Pro, the most powerful tier targeting difficult questions requiring high accuracy.

OpenAI says the Thinking model hallucinated 38% less than GPT-5.1 on benchmarks measuring factual accuracy. Fidji Simo, OpenAI's CEO of applications, denied that the launch was moved up in response to the code red, saying the company has been working on GPT-5.2 for "many, many months." She described the internal directive as a way to "really signal to the company that we want to marshal resources in this one particular area."

The competitive pressure is real. Google's Gemini app now has more than 650 million monthly active users, compared to OpenAI's 800 million weekly active users. In October, OpenAI's head of ChatGPT Nick Turley sent an internal memo declaring the company was facing "the greatest competitive pressure we've ever seen," setting a goal to increase daily active users by 5 percent before 2026. GPT-5.2 is rolling out to paid ChatGPT users starting Thursday, and GPT-5.1 will remain available under "legacy models" for three months before being sunset.

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Uber has discontinued its monthly electric vehicle bonuses for drivers in the United States and Canada, marking the latest in a series of rollbacks from a company that once pledged to pour $800 million into helping its drivers transition away from gasoline-powered cars. The ride-hailing giant had previously eliminated its $1-per-ride EV perk last year, replacing it with monthly bonuses that required drivers to complete 200 rides. Those monthly payments are now gone too.

The company is far behind its self-imposed climate targets. Uber had pledged to reach 100% EVs in London by 2025 and across North America and Europe by 2030. Current figures paint a different picture: roughly 40% of miles in London come from EVs, while Europe sits at about 15% and North America at just 9%. The company's emissions have nearly doubled over the past three years and now exceed Denmark's total carbon footprint. Uber executives acknowledged to Bloomberg that they will likely miss their green targets. The company has doled out $539 million of its $800 million pledge through the end of 2024. Meanwhile, Uber's operating profits are set to double this year, and the company recently committed $20 billion to stock buybacks.

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Cisco's stock price touched $80.25 on Wednesday, finally eclipsing its dotcom-era peak of $80.06 set on March 27, 2000 -- when the networking giant briefly surpassed Microsoft to become the world's most valuable company. The journey back took 25 years, eight months and 13 days. The company's fundamentals improved dramatically over that period, of course. Revenues have nearly quintupled since 1999, profits have quadrupled, earnings per share have grown eightfold, and margins have remained healthy throughout. Investors who bought at the peak still lost money to inflation for a generation.

Cisco's trajectory draws obvious comparisons to Nvidia, today's dominant "picks and shovels" supplier for the AI boom. Nvidia trades at a price-to-earnings ratio above 45 and an enterprise value-to-sales ratio near 24. At its 2000 peak, Cisco traded at a P/E above 200 and EV/sales of 31.

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