And there is breaking news on another multibillion dollar deal because it's Monday. That's when all of the M&A happens. Amazon's cloud unit and OPENAI announcing a $38 billion deal in artificial intelligence.This allows Openai to run its AI workloads on a website that supports Amazon's cloud business. RWC infrastructure starting immediately. And Bloomberg Tech co-host Caroline Hyde joins us now to walk us through this sea of deals.But let's focus first on us, Carol, and what do we know about billions, a nic ...

Core Insights - Amazon's cloud unit and OpenAI have announced a $38 billion deal focused on artificial intelligence, allowing OpenAI to run its AI workloads on Amazon's cloud infrastructure [1] - This deal is part of a broader competitive landscape in cloud computing, with Oracle also making significant commitments, highlighting the intense competition among major players [2][3] - Amazon's recent financial performance shows a 20% year-on-year growth in the U.S., indicating a strong recovery and capability to support extensive computational needs [3] Company and Industry Summary - The partnership between Amazon and OpenAI marks the beginning of a seven-year relationship, with plans to have the necessary computing resources operational by the end of 2026, suggesting potential for future growth in the deal's value [4] - OpenAI's increasing reliance on cloud computing resources from multiple providers, including Amazon and Oracle, underscores the growing demand for computational power in AI development [3][4] - Amazon's expertise in managing large data centers positions it as a key player in the cloud computing sector, capable of providing millions of CPUs to support OpenAI's ongoing computational requirements [4]

OpenAI has signed a landmark $38 billion agreement with Amazon Web Services (AWS), marking its first major team-up with the world's leading cloud infrastructure provider. The transaction enables OpenA... ...

The S&P 500 Index ($SPX) (SPY) today is up +0.08% the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.55%.  December E-mini S&P futures (ESZ25) are up +0.16%, and December E-mini Nasdaq futures (NQZ25) are up +0.66%. US stocks are trading generally higher today on fresh M&A deals and continued AI optimism after OpenAI bought $38 billion of AI computing power from Amazon. In M&A deals, Kimberly-Clark’s announced a $40 billion acquisition of Tylenol- ...

This week in AI:• OpenAI expands into India — ChatGPT Go goes free.• Reddit sues Perplexity for scraping training data.• Tencent reveals half its code is now AI-generated.• Researchers build chips that compute with light.Every headline points to one truth:we’re scaling faster than we can verify.On this week’s XTC Show, TC joined @Tony0kai to talk about what comes next — the invisible infrastructure that keeps AI verifiable and trustworthy.Enter Expander — Polyhedra’s cryptographic acceleration layer that bo ...

great about this. >> Let's get the opening bell on this CNBC realtime exchange this morning at the big board. It's cut celebrating its listing and spin-off from Deont.We'll speak with CEO John Kemp in just a couple of minutes at the NASDAQ and his semiconductor company Micro Systems. As we move into November, Jim, where the average gain for the S&P is about 1%. >> But boy, there's >> 60 some odd percent of the time.There are some uh some stocks that are just crushing it. They continue to crush it. They tend ...

Core Insights - Reddit has reported its fifth consecutive profitable quarter since going public, earning $0.80 per share with a revenue of $585 million, reflecting a 68% year-over-year growth [1] - Despite recent gains, Reddit shares are down over 20% from their year-to-date high [2] Financial Performance - Reddit achieved a 74% year-over-year increase in ad revenue and a 41% growth in average revenue per user (ARPU) for Q3 [4] - Daily active users (DAUs) reached 116 million, with international user growth at 31% due to translation capabilities across 30 languages [4] Market Position and Partnerships - Reddit's status as the third most visited website in the U.S. enhances its appeal to advertisers and data licensing partners [3] - Partnerships with Google and OpenAI have improved Reddit's monetization potential and positioned it as a key player in AI model training [3] Stock Performance and Predictions - Options traders are optimistic about Reddit's stock, with predictions of a price increase to approximately $253 by January 16, and an expected move to around $229 by November 14 [5][6] - Reddit shares have historically returned nearly 18% in November and over 16% in December over the past four years [7] Analyst Recommendations - Wall Street analysts recommend holding RDDT stock for the long term, indicating confidence in its future performance [8]

Core Insights - Microsoft has announced an expanded partnership with UAE-based AI company G42, planning to invest over $7.9 billion from early 2026 to the end of 2029 for AI cloud service infrastructure [1] - G42, established in 2018, has previously collaborated with Microsoft, including a $1.5 billion investment in 2024 to provide AI solutions in the Middle East, Central Asia, and Africa [1] - The current investment will allocate $5.5 billion for building AI and cloud service infrastructure and $2.4 billion for operational expenses and distribution costs [1] Investment Details - The total investment from Microsoft to G42 will exceed $7.9 billion, equivalent to approximately 562.83 billion RMB [1] - Of this investment, $5.5 billion (approximately 391.85 billion RMB) is designated for AI and cloud service infrastructure development [1] - The remaining $2.4 billion (approximately 170.99 billion RMB) will cover operational costs and distribution expenses [1] Technology and Capabilities - G42 is one of the few UAE companies that can obtain export licenses from the U.S. Department of Commerce, allowing Microsoft to introduce significant computing power to the UAE [2] - Microsoft has already brought in the equivalent of 21,500 NVIDIA A100 GPUs and received additional licenses for 60,400 A100 chip equivalents, enabling the delivery of advanced chips like GB300 [2] - The partnership aims to leverage this computing power to provide AI models from companies like OpenAI and Anthropic to local governments, startups, and users [2]

Core Insights - Amazon CEO Andy Jassy indicated the potential for significant deals, with the recent $38 billion partnership with OpenAI serving as a confirmation of this strategy [1] Company Developments - The partnership with OpenAI is valued at $38 billion, highlighting Amazon's commitment to expanding its influence in the AI sector [1]

Core Insights - Amazon's stock increased approximately 5% following the announcement of a $38 billion deal with OpenAI for access to Nvidia's AI chips through its cloud infrastructure [1][7] - OpenAI will utilize Nvidia's GPUs within Amazon's AI servers, starting immediately and scaling to full capacity by the end of 2026 [2] - OpenAI has multiple significant agreements with other companies, including a $300 billion deal with Oracle and over $22 billion with CoreWeave, raising concerns about potential market bubbles and overstated AI demand [3] Financial Implications - OpenAI's projected costs are expected to exceed $1 trillion by the end of the decade, while its revenue is significantly lower, raising questions about its ability to meet infrastructure commitments [4] - OpenAI is preparing for an IPO that could value the company at $1 trillion, following a new agreement with Microsoft to transition into a for-profit public benefit corporation [5] Competitive Landscape - Amazon's recent third-quarter earnings exceeded analyst expectations, contributing to a record high stock price [6] - AWS has completed a major AI data center project and plans to provide one million custom AI chips to OpenAI's competitor, Anthropic, by the end of 2025 [6]