OpenAI turns to Amazon in $38 billion cloud services deal
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On Monday, Amazon’s announcement of a $38 billion agreement for Amazon Web Services to provide infrastructure for OpenAI’s artificial intelligence workloads sent Amazon stock up about 5% to a new all-time high.
AMD's stock has seen more negative reactions to earnings than positive ones when looking back at the past 10 quarters. In the session immediately following AMD's last report, the stock fell 6.4% — one of seven post-earnings drops in the last 10 reports,
Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).
Both companies were back at it on Tuesday, announcing deals that once again added billions in value to public companies.
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Walmart Stock Hit Record Highs on OpenAI Deal. What Message Does That Send About the Business of AI?
Walmart shares soared this week after the retail giant announced a partnership with OpenAI that will allow ChatGPT users to buy Walmart merchandise directly through the chatbot. Here's what that says about the business of AI.
Jefferies named Broadcom its Top Pick with a $480 price target as custom AI chip demand surges from OpenAI, Google, and Meta.
In a press release, Microsoft opened a window on how much it has invested in OpenAI. It also offers a look at the AI developer’s significant losses.
The deal is the latest move by OpenAI to integrate retail platforms into its hugely popular chatbot. PayPal stock surged on the news.