The purchase from Australian Macquarie Asset Management is the first deal for the AI Infrastructure Partnership which also includes Abu Dhabi-based fund MGX and Elon Musk’s startup xAI.
Read More BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
AMD will supply AI chips to OpenAI in a multi-year deal that would give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.
Read More AMD signs AI chip-supply deal with OpenAI, shares surge over 34%
Nvidia will invest up to $100 billion in OpenAI and supply it with data center chips, marking a tie-up between two of the highest-profile players in the global AI race.
Read More Nvidia to invest $100 billion in OpenAI, linking two artificial intelligence titans
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
President Donald Trump and Apple CEO Tim Cook delivered a joint announcement unveiling Apple’s $600 billion commitment to revitalizing American manufacturing.
Read More Trump and CEO Tim Cook unveil Apple’s $600B investment in U.S.: ‘Largest investment Apple has made in America’
Companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan.
Read More US companies spending record amounts to protect executives as threats rise