According to @KobeissiLetter, OpenAI announced a code red and the post emphasizes that Google was the first big tech firm to declare a code red on December 21, 2022, roughly three weeks after ChatGPT launched, flagging renewed AI-competition headline risk for markets, source: The Kobeissi Letter on X, December 2, 2025. Google’s December 2022 code red response to ChatGPT has been independently reported, source: The New York Times, December 2022. For trading, monitor AI-exposed equities GOOGL, MSFT, NVDA and AI-linked crypto tokens RNDR, FET, AGIX for volatility expansion around AI race headlines, as AI narrative catalysts have previously correlated with momentum flows into these assets, source: Kaiko Research market reports in 2023 and 2024 and Bloomberg coverage of AI-led equity rallies in 2023 and 2024. Cross-asset participants should also watch BTC and ETH beta to risk-on tech moves during AI-driven news cycles, source: Kaiko cross-asset correlation analyses in 2023 and 2024.