Nvidia weighs up to $250 billion OpenAI funding backstop
Why it matters: The potential commitment would deepen Nvidia’s exposure to the capital-heavy buildout behind the AI boom.
Subject
#Artificial Intelligence
MUI seeks to carry KUII VIII recommendations into policy
MUI also bars its officials from issuing controversial fatwas or statements on their own, outside the meeting process.
Antara News, Republika
Uber cuts 10% of customer service staff, links it to AI
It is Uber's second round of layoffs in less than two months, and some remote workers are being moved to regional hubs.
Apple briefly tops Nvidia with $4.88 trillion market value
What's new: Nvidia later edged back ahead by the close, underscoring a tight race as investors reassess which AI bets will pay off.
SK Hynix’s planned US listing drew demand more than 7 times supply
What’s next: The chipmaker is set to price the deal Thursday, in a sale that could raise about $24.5 billion to $28 billion.
Bloomberg, BBC News (World) +2
Nobel economist doubts AI can restore 1980s-style productivity boom
What's new: Christopher Pissarides said up to 40% of jobs in the US and UK may see little or no AI-driven productivity gain.
Tesla-SpaceX merger talk grows as Musk’s control limits challenges
Why it matters: Texas law makes shareholder suits harder, raising the odds Musk could push through a deal between his two biggest companies.
The New York Times, Bloomberg
CarMax drops 9% after profit beat as margins shrink under new CEO
What's new: First-quarter revenue rose to $8.01 billion, but gross profit per used vehicle fell $230 from a year earlier.
Bloomberg, CNBC
Stanford graduates walk out as Sundar Pichai gives keynote
What's new: Protesters cited Google's AI work and contracts tied to ICE, while others waved Palestinian flags during the ceremony.
BBC News (US & Canada), Fox News
SpaceX raises $75 billion in record IPO at $1.7 trillion value
What's next: Trading begins Friday, with index access expected within three weeks and demand from individual investors already topping $70 billion.
The New York Times, Bloomberg +3
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Series: Meta · AI Funding Stock Sale · 3 chapters since Jun 6US job openings jumped to 7.6 million in April as hiring fell
What's next: Friday's May jobs report is expected to show 100,000 new jobs, with unemployment holding at 4.3%.
PBS NewsHour, CNBC +1