Let's discuss all of it with Lo Tony. He's founding managing partner at Plexo Cap Capital. He's also a CNBC contributor.Lo, it's so great to have you here. I mean, Matt went through everything that OpenAI is doing. Obviously, now they are partnering up here with AWS for compute as Microsoft's right of first refusal expired, but it doesn't seem like Microsoft is going to be too poor off right now.They've obviously been making some of your own deals. Can you sort of size up where we are in this space right no ...

Well, come from consumer deals to tech deals. Amazon shares hitting a record high on news of a $ 38 billion compute deal with OpenAI. Mackenzie Sagalis has more in today's tech jack to the woman that never sleeps, smack.Hey, Courtney. So, OpenAI is teaming up with Amazon for the first time ever on compute in a deal that not only makes AWS the newest hyperscaler to power chatbt, but also consumes nearly all of the capital from the financing round that had just closed. The agreement gives OpenAI access to hun ...

Group 1: OpenAI and Nvidia Partnership - OpenAI has signed a seven-year deal with Amazon Web Services (AWS) valued at $38 billion to access hundreds of thousands of Nvidia GPUs, with potential expansion to tens of millions of CPUs for scaling workloads [6][7] - The partnership is described by OpenAI as a "declaration of adulthood," marking a shift from its previous exclusive relationship with Microsoft [7] - The deal aims to enhance the performance and reliability of AI infrastructure, benefiting millions of ChatGPT users [7] Group 2: Nvidia Valuation and Market Impact - Loop Capital has set a new price target of $350 for Nvidia, up from $250, which would imply a market capitalization of $8.5 trillion [8] - Analyst Ananda Baruah anticipates a surge in GPU shipments for Nvidia over the next 12 to 15 months, supported by its GB200 NVL72 racks [8] Group 3: Kimberly-Clark Acquires Kenvue - Kimberly-Clark is acquiring Kenvue in a cash-and-stock deal valued at $48.7 billion, with Kenvue's shares rising nearly 20% following the announcement [9][10] - The acquisition price of $21.01 per share represents a 46% premium over Kenvue's closing price prior to the announcement, although Kimberly-Clark's stock has since declined by over 10% [11] - Kimberly-Clark CEO Mike Hsu will lead the combined company as chairman and CEO [11] Group 4: Other Notable Market Movements - The UK Competition and Markets Authority has referred the merger between Getty Images and Shutterstock for a Phase 2 investigation, causing Shutterstock's shares to drop by more than 10% [12] - MongoDB's stock is rallying after announcing a new CEO and positive Q3 guidance [12] - Data center company IREN has secured a $9.7 billion contract with Microsoft for AI cloud services, leading to a significant stock rally [13] - Beyond Meat is experiencing a decline due to a delay in releasing Q3 results related to asset impairment [14] - The technology sector has seen a notable uptick in short covering, with Info Tech emerging as the most net bought sector for the first time in three weeks [15]

Core Points - The public dispute between Elon Musk and Sam Altman has resurfaced, focusing on Altman's canceled reservation for the Tesla Roadster, which has faced significant delays [1][2] - Altman expressed his frustration over the 7.5-year wait for the Roadster, sharing screenshots of his refund request [2] - Musk responded by highlighting that Altman received a refund within 24 hours, suggesting that Altman omitted important details in his narrative [2] - The Tesla Roadster, first introduced in 2017, is still in "design development" according to Tesla's latest earnings report, despite being marketed as "the fastest production car ever made" [3] - Musk has previously claimed that the upcoming Roadster will feature advanced technology, surpassing that of fictional James Bond cars [3] - The ongoing tensions between Musk and Altman are part of a broader history of disputes, including Musk's accusations that OpenAI has shifted towards a profit-driven model under Altman's leadership [3][4] - Musk has also taken legal action against OpenAI, alleging it has strayed from its nonprofit origins, while OpenAI has indicated that Musk once proposed a merger with Tesla [4]

Core Insights - AWS and OpenAI have entered into a $38 billion agreement for OpenAI to utilize AWS infrastructure for its AI workloads, effective immediately [1][2] - OpenAI will leverage AWS's extensive computing resources, including hundreds of thousands of Nvidia GPUs and the potential to scale to tens of millions of CPUs, with plans to fully deploy the capacity by the end of 2026 [2][3] Company Collaboration - The partnership aims to enhance the compute ecosystem necessary for scaling frontier AI, as stated by OpenAI's CEO Sam Altman, emphasizing the importance of reliable compute for advanced AI development [3] - AWS CEO Matt Garman highlighted that AWS infrastructure will be crucial for supporting OpenAI's ambitious AI projects, showcasing AWS's unique position in providing optimized compute resources [3] Previous Collaborations - Earlier in August, OpenAI's foundation models became available on Amazon Bedrock, marking the first instance of OpenAI's models being accessible on a cloud platform outside of Microsoft Azure [4][5] - This collaboration has allowed OpenAI to reach millions of customers on AWS, rapidly becoming a popular model provider for various applications, including coding and scientific analysis [5] Financial and Structural Changes - OpenAI recently restructured its for-profit arm into a public benefit corporation and announced plans to purchase an additional $250 billion worth of Microsoft Azure services, while also indicating that Microsoft will no longer have a right of first refusal as OpenAI's compute partner [5][6] - Microsoft holds a 27% stake in OpenAI, valued at approximately $135 billion [6]

Shares of Amazon jumping today to a new record high after announcing a $ 38 billion compute deal with OpenAI. Its first partnership actually with the AI company. Mackenzie Sagalas has more in today's tech check.These these headlines are just so regular that they don't pack as much of a punch. And but this one Sarah could be read as OpenAI flexing on Microsoft after finally freeing itself from its biggest shareholders grip on cloud deals. CEO Sam Alman announcing a major partnership with Amazon this morning. ...

Sam Altman is getting fed up with the haters, and he wishes OpenAI were public so they could put money behind their critiques. The CEO quickly became defensive when BG2 podcast host and Altimeter Capital founder Brad Gerstner asked about OpenAI’s reported $13 billion in revenue—a respectable figure about equal to that of Dick’s Sporting Goods, but which pales in comparison to the $1.4 trillion OpenAI has committed to investing in computing infrastructure. “First of all, we’re doing well more revenue than ...

Core Insights - Amazon's shares reached a new record high following the announcement of a $38 billion compute deal with OpenAI, marking OpenAI's first partnership with Amazon [1] - The deal allows OpenAI immediate access to hundreds of thousands of NVIDIA GPUs on Amazon's network, with a dedicated infrastructure to be built by the end of next year [2][3] - This partnership signifies OpenAI's shift towards a multicloud strategy, diversifying its risk and reducing reliance on Microsoft, especially after Microsoft's right of first refusal expired [4][5] Company Developments - OpenAI's deal with Amazon nearly matches its current $40 billion financing round, highlighting its aggressive pursuit of compute resources [2] - Amazon is projected to achieve a record $210 billion in Q4, partly due to this new partnership [3] - OpenAI's CEO indicated that the company is motivated to go public to validate its capability to fulfill its compute commitments, which now exceed $1.4 trillion [8] Industry Context - The partnership comes at a time when demand for compute resources is accelerating, positioning OpenAI favorably in the competitive cloud landscape [5] - OpenAI's strategy includes expanding to other cloud providers like Oracle and Google, indicating a broader trend of multicloud adoption in the industry [7] - The evolving relationship between OpenAI and Microsoft reflects a significant shift in the cloud computing market dynamics, particularly with OpenAI's increasing independence [6][7]

Sam Alman has spent the last couple of years like kind of rapidly bringing down the bar for what qualified as AGI. So anyway, let's let's let's do this press release. Once AGI is declared by OpenAI, that declaration will now be verified by an independent expert panel.>> What are you talking about. Once we develop digital god and a verified panel of experts will be like, "Yep, there he is. >> That's God." >> What. That's the first bullet.Who's on your panel. other guys go. >> Is it the pope.>> Like what are ...

Core Insights - OpenAI has signed a seven-year cloud service procurement agreement worth $38 billion with Amazon, marking another significant investment in computing power following partnerships with Microsoft, Google, and Oracle [1] - The agreement allows OpenAI to access substantial computing resources through Amazon Web Services (AWS), including hundreds of thousands of advanced NVIDIA GPUs and the potential for millions of CPUs to support its generative AI workloads [1][4] - OpenAI plans to invest $1.4 trillion to build 30 gigawatts of computing resources, equivalent to the power supply for approximately 25 million American households [1] Group 1: Partnership and Market Impact - The deal is seen as a significant vote of confidence in AWS, alleviating investor concerns about AWS being left behind in the AI competition against Microsoft and Google [1] - Following the announcement, Amazon's stock price increased by over 5% [1] Group 2: Technological Infrastructure - OpenAI will begin utilizing AWS immediately, with all planned capacity expected to be operational by the end of 2026, and further expansion possible beyond 2027 [4] - Amazon plans to deploy tens of thousands of AI acceleration chips, including NVIDIA's GB200 and GB300 series, to support ChatGPT's response generation and train OpenAI's next-generation models [4] Group 3: Strategic Shifts and Future Plans - OpenAI has undergone a significant restructuring, moving away from its non-profit origins and eliminating Microsoft's preferential access to its computing services under the new structure [7] - OpenAI is reportedly preparing for an initial public offering (IPO) with a potential valuation of up to $1 trillion, amidst concerns that the AI boom may be evolving into a bubble [7] - Despite expanding partnerships with other cloud service providers, OpenAI will continue to procure substantial Azure services from Microsoft, reaffirming a commitment to purchase an additional $250 billion in Azure cloud services [8]