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ChatGPT Turns to Ads

OpenAI announced last week that it will begin testing advertisements in ChatGPT’s free tier and a new $8 monthly subscription called ChatGPT Go, confirming earlier reports that beta code revealed the company was developing advertising capabilities.

The San Francisco-based artificial intelligence company said ads will appear at the bottom of ChatGPT’s responses and will be clearly labeled as sponsored content. Users of Plus, Pro, Business and Enterprise subscription tiers will not see advertisements.

The move follows discoveries in December 2025 that ChatGPT’s Android beta application contained code references for ad-related features. Former Meta executive Fidji Simo, who joined OpenAI to lead its applications division, has been overseeing the advertising initiative.

You can read more on the matter here.

What’s going on?

• New Research Shows Americans, Not Foreign Countries, Pay Trump’s Tariffs (theDeepDive)

• Carney stands behind Greenland, criticizes Trump without naming him in blunt Davos speech (Globe)

• Canadian Housing Market Faces Years-Long Price Decline, BMO Economist Warns (theDeepDive)

• Dollar and US stocks fall as Trump says ‘no going back’ on Greenland bid (FT)

• Carney Says Qatar Will Invest In Canada Nation-Building Projects (theDeepDive)

• Trump says his administration may have a deal with Harvard University (Reuters)

• Is Trump Pursuing Greenland Because Norway Did Not Give Him The Nobel? (theDeepDive)

• Treasury Secretary Scott Bessent Turns Up the Heat on Fed’s Jerome Powell (WSJ)

• Ghana Doubles Mining Royalties, Scraps Stability Agreements (theDeepDive)

• Scammers posing as politicians on WhatsApp offer false housing promises, MP warns (CBC)

• Trump Imposes EU Tariffs Until He Buys Greenland (theDeepDive)

What’s the latest?

• Energy: U.S. natural gas prices jumped 25% (+$0.78) to $3.89/MMBtu, the largest one-day gain in four years, as Arctic cold is set to spike heating demand and risk production freeze-offs. With speculator short positions at a 14-month high, forced short covering could extend the rally, though prices may ease if mid-February weather forecasts warm.

• Tariffs: At the World Economic Forum, PM Mark Carney said Canada “stands firmly with Greenland” and opposes using tariffs as coercion, amid threats by Donald Trump to impose 10% tariffs linked to Greenland. Carney argued the rules-based world order is over, urging middle powers to coordinate, diversify trade, and build resilience against economic pressure. He defended recent China engagement as opportunity-driven with guardrails, citing mutual gains in energy, autos, agriculture, and finance while reducing reliance on a few superpowers.

• Market: U.S. stocks sold off sharply as Donald Trump threatened 10% tariffs on eight NATO countries, pushing the S&P 500 −2%, Dow −877 (−1.8%), and Nasdaq −2.3%, led by tech losses (Nvidia −3.6%, Amazon −3.7%). Safe havens surged (gold +3.7%, silver +6.9%), oil rose (WTI US$60.34), bitcoin fell to ~US$89,300, and 10Y Treasury yields climbed to 4.29%, as markets priced in geopolitical risk, inflation concerns, and uncertainty ahead of PCE inflation data and the Fed’s next rate decision.

• EVs: Ontario’s EV supply chain push has stalled as Honda, GM, Ford, and Umicore delay or cancel projects amid weak Canadian EV demand and policy uncertainty, despite billions committed to battery plants. The province is pivoting toward battery storage and non-EV applications, with facilities like Stellantis–LG NextStar retooling and Volkswagen PowerCo keeping storage as a secondary use. Globally, EV sales rose ~20% in 2025 (China 50%+, EU ~30%), but Ontario is betting that battery storage demand—with electricity demand forecast +75% by 2050—can sustain jobs and investment in the near term.

• Netflix: Netflix raised certainty by switching to an all-cash US$27.75/share bid (US$82.7B) for Warner Bros Discovery, winning unanimous board support and accelerating a shareholder vote by April, while pressuring rival Paramount Skydance. The move replaces a cash-and-stock offer amid Netflix’s ~15% share drop, counters Paramount’s US$30/share cash bid by preserving upside via a Discovery Global spinoff (valued US$1.33–US$6.86/share), and offers lower leverage (<4x vs ~7x) with investment-grade credit from Netflix.

Integra Resources Feasibility Study

The stock market and stuff

• French Carmaker Renault Converts Factories to Produce Attack Drones (theDeepDive)

• Wesdome Gold Hits 2025 Production Guidance Midpoint, Expects Growth For 2026 (theDeepDive)

• Microsoft chief Satya Nadella warns AI boom could falter without wider adoption (FT)

• Orla Mining Beats 2025 Guidance, Expects Further Growth In 2026 (theDeepDive)

In the juniors

• Steadright Expects To Receive Mining License For New Copper Valley Project Within The Next Month (theDeepDive)

• Steadright Anticipates Receipt Of Mining License For TitanBeach One Project In Near Future (theDeepDive)

• Goliath Resources Hits 19.13 g/t Gold Over 6.10 Metres At Surebet In Final 2025 Gold Assays (theDeepDive)

FULL DISCLOSURE: Northern Superior is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Northern Superior. The author has been compensated to cover Northern Superior on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.