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Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Kent Nishimura | Bloomberg | Getty Images The era of artificial intelligence on Wall Street, and its impact on […]
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Nvidia, Microsoft, xAI and BlackRock part of $40 billion deal for Aligned Data Centers
An Aligned data center in Northlake, Illinois, US, on Thursday, Oct. 9, 2025. Christopher Dilts | Bloomberg | Getty Images Nvidia, Microsoft, BlackRock and Elon Musk’s xAI are part of a consortium of investors that has agreed to purchase Aligned Data Centers for $40 billion, the companies announced Wednesday. Aligned designs and operates data centers […]
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A guide to the $1 trillion-worth of AI deals between OpenAI, Nvidia and others
Many predict that the artificial intelligence boom will dramatically change how people live and work, and the scale and pace of recent AI deals seems to reflect this. At the center are a handful of companies that are increasingly turning to each other to finance and build out the necessary infrastructure. ChatGPT-maker OpenAI alone has […]
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Nscale eyes IPO amid fresh $14 billion deal with Microsoft
Nscale, the UK-headquartered AI infrastructure provider. Courtesy: Nscale AI cloud company Nscale is eyeing an IPO, the company confirmed to CNBC Wednesday as it announced a $14-billion deal with U.S. tech giant Microsoft. The London-based company, which provides technology infrastructure to help AI scale, has “public market ambitions” which could be realized in the “back […]
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Salesforce’s Agentforce software is coming to OpenAI’s ChatGPT
Salesforce CEO Marc Benioff participates in an interview during the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce is ramping up partnerships with leaders in generative artificial intelligence as investors continue to fear that the software company faces business risks due to the rapid growth […]
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Oracle Cloud to deploy 50,000 AMD AI chips, signaling new Nvidia competition
Oracle Cloud Infrastructure on Tuesday announced that it will deploy 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026. AMD shares climbed about 3% premarket. Oracle shares ticked slightly lower. The move is the latest sign that cloud companies are increasingly offering AMD’s GPUs as an alternative to Nvidia’s market-leading GPUs […]
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Salesforce’s Agentforce software is coming to OpenAI’s ChatGPT later this year
Salesforce CEO Marc Benioff participates in an interview during the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce is ramping up partnerships with leaders in generative artificial intelligence as investors continue to fear that the software company faces business risks due to the rapid growth […]
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OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals
Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his […]
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Oracle CEO Magouyrk: ‘Of course’ OpenAI can pay $60 billion per year for cloud infrastructure
Oracle CEO, Clay Magouyrk, sits down with CNBC’s David Faber on Oct. 13, 2025. CNBC Oracle CEO Clay Magouyrk, one of the two people tapped last month to lead the software company, is confident that OpenAI will be able to cover the costs of the massive amount of cloud infrastructure services it consumes. In an […]
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How Broadcom’s big OpenAI deal fits into the data center boom and what it means for the AI trade
Kicking off the week with a bang, OpenAI announced another massive data center buildout partnership. This time with Club name and custom semiconductor industry leader Broadcom. Shares of Broadcom soared as much as 10.7% on Monday after the two companies revealed that they have been working for 18 months on custom-designed chips optimized for inference, […]
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