CNBC's Deirdre Bosa reports on news regarding Google.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

A recently obtained memo indicates that OpenAI CEO Sam Altman has expressed concern to employees about Google's accelerating progress in artificial intelligence, warning of potential economic challenges for OpenAI. Google's strong financial position, including significant cash reserves and profitability, allows it to invest heavily in AI, while OpenAI continues to rely on external funding and is not yet profitable.

Google's experience with consumer products and its broad ecosystem give it an advantage in making AI accessible to a wide range of users. The recent release of Gemini 3, integrated across Google's platforms, further extends its AI reach, potentially increasing user loyalty and intensifying competition in the sector.

Google's AI momentum begins to worry OpenAI's Sam Altman

Welcome back. Alphabet is the only Mag 7 stock positive on the week, and its renewed AI momentum is worrying one of Google's biggest AI rivals, according to new reporting. Deirdre Bosa has more in today's tech check. Tell us all about it, Dee. This is a good one, Contessa. So according to a memo obtained by the information, Sam Altman told his employees that he expects, quote, the vibes to be rough out there for a bit, as Google's recent progress could create some temporary economic headwinds for them. Now, that line, temporary economic headwinds, it gets at this emerging narrative in the AI race, hype versus hard economics. And Google's numbers, they are first in class. Gross margin of 32 percent, cash reserves $112 billion, free cash flow over the last quarter, $24 billion. Now, open AI, on the other hand, isn't even profitable. It's burning cash fast, and it has to raise again and again just to keep pace with a company that can fund its entire AI strategy out of search profits. But another way, if I need to, Google can weather a downturn, but the bubble bursting or even maybe deflating could be existential for Altman and open AI. So when you hear Google's leaders, Contessa, start talking about a bubble this week, like we have from Sundar Pichai and Demis Hassabis, you've got to wonder who that really hurts and who it could help. But a very interesting change and dynamic over the last few months. And the other interesting thing, and we had briefly touched on this yesterday, Dee, when we were talking, is that Google has a lot of experience in consumer-facing products. And so the idea that you would be able to use your AI in a way that is accessible to people, whether they're small business owners or factory workers or entrepreneurs or just, you know, my mom, that they would be able to give those products in a way that's accessible. You're hitting really the core of the bull thesis around Google right now, and that is the full stack. It has the distribution, the ecosystem, the chips, the models, the products. I mean, even with the Gemini 3 release this week, they didn't just release it to subscribers or to people who are looking for AI chatbots. They released it across AI mode. So that's potentially billions of users who aren't even necessarily looking for a chatbot. They're getting the power of, you know, the best model out there right now. So even your mom, who's maybe using a chat GPT, a Gemini, I don't know if she's using a number of them. I told my mom that she has to. She might be using, you know, Gemini 3 and thinking this is the best one. And then that may be sticky because she's using Google or she's trained on Google. So certainly flexing that. And it's funny to go back to Contessa, you know, Satya Nadella's comments from not all that long ago saying that he wanted to make Google dance. They're dancing, and I think they're having fun doing it.

A powerful earthquake has struck Bangladesh outside the densely populated capital of Dhaka, killing at least five people and injuring about 100, according to the government.

Dhaka

At least five killed as magnitude 5.5 earthquake hits Bangladesh

The COP30 climate conference was hit by divisions on Friday (November 21), over a proposed deal that dropped any mention of fossil fuels, prompting the summit host Brazil to plead with delegates for unity.

Belém

Draft COP30 deal drops mention of fossil fuels

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Bangkok

Miss Mexico crowned Miss Universe 2025

According to UNICEF, more than 400 million children globally live in poverty, missing out on at least two daily needs such as nutrition and sanitation.

UNICEF: More than 400 million children globally live in poverty

The fire in the Blue Zone of the UN climate conference forced evacuations and stalled negotiations as the summit nears its end with many agreements yet to be made.

Fire disrupts climate talks at COP30 in Brazil

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Washington

Trump accuses six lawmakers of "seditious behavior"

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Ukraine Invasion

Trump approved 28-point plan to end Russia-Ukraine war

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Kyiv

Ukraine expected to give up land, some arms under U.S. peace plan

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Mokpo-si

Ferry runs aground off South Korea, crew negligence suspected

On Wednesday, U.S. President Donald Trump signed the bill that forces the Justice Department to release the files from its investigation into the late sex offender Jeffrey Epstein. The bill was passed by the U.S. House and Senate on Tuesday.

Trump signs bill to release Epstein files

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U.S. officials in Ukraine to push for renewed peace talks

Harvard University is opening a new inquiry into faculty connections with convicted sex offender Jeffrey Epstein. Cam Srivastava, college administration reporter for The Harvard Crimson, joins CBS News with more.

Cambridge

Harvard announces new probe into faculty ties to Jeffrey Epstein

U.S. President Donald Trump has authorized a plan for the CIA in Venezuela, according to a New York Times report. CBS News' Charlie D'Agata has more details.

Trump authorizes plans for CIA covert operation in Venezuela: report

An Israeli strike on the Ain al-Hilweh Palestinian refugee camp in southern Lebanon killed 13 people and wounded several others, the Lebanese Health Ministry said Wednesday. The Israeli military said it struck Hamas militants who it said were operating in a training compound there.

Beirut

Middle East Conflict

Israeli strike on Palestinian refugee camp in Lebanon kills 13

The Epstein files bill is expected to reach President Donald Trump's desk for his signature on Wednesday (November 19). CBS News' Taurean Small reports.

Trump set to sign bill to release Epstein files

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San Francisco

Microsoft, Nvidia to invest up to $15 billion in Anthropic

Hamas rejects the US-drafted UN resolution for a Gaza ceasefire and international stabilisation force.

New York

UN Security Council vote: Hamas rejects Gaza 'peace resolution'

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Trump, MBS announce boost in Saudi investment to U.S.

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Senate to send Epstein files bill to Trump's desk for signature

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House passes bill that would force release of Jeffrey Epstein files

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Johannesburg

South Africa readies for G20 despite U.S. boycott

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Jerusalem

Tensions escalate as U.N. Security Council backs Trump's plan for Gaza

U.S. President Donald Trump will host Saudi Crown Prince Mohammed bin Salman at the White House, his first visit since Washington Post journalist Jamal Khashoggi was killed in 2018. The crown prince has denied any involvement.

Saudi Crown Prince Mohammed bin Salman visiting White House

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London

U.K. introduces tougher laws for asylum seekers

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Virginia

DOJ accused of 'profound investigative missteps' in Comey case

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President Trump now says Republicans should vote to release all of the files related to the federal investigation into convicted sex offender Jeffrey Epstein. CBS News' Olivia Rinaldi and Nikole Killion have the latest on what could happen next.

Google's AI momentum begins to worry OpenAI's Sam Altman

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Rise of AI