
OpenAI Inks $38 Billion Cloud Deal with Amazon Web Services
OpenAI and Amazon Web Services have announced a multi-year, $38 billion partnership, providing the AI company with massive cloud computing resources to power its models.
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Daniel Rossi is a senior business correspondent for Neurozzio, specializing in the intersection of technology and financial markets. He covers corporate finance, market analysis, and investment trends within the tech industry.

OpenAI and Amazon Web Services have announced a multi-year, $38 billion partnership, providing the AI company with massive cloud computing resources to power its models.
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Palantir Technologies has filed a lawsuit against former engineers for alleged trade secret theft, as it faces increased competition from a rival firm led by an ex-executive.
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Major corporations like ON Semiconductor and Hewlett Packard Enterprise are now using artificial intelligence to draft official financial reports filed with the SEC.
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AI recruiting firm Mercor has reached a $10 billion valuation, making its three 22-year-old founders the youngest self-made billionaires in the world.
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Meta Platforms is set to spend over $100 billion next year on artificial intelligence, a massive gamble by Mark Zuckerberg that caused a $160 billion market value drop.
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Nvidia Corp. plans to invest up to $1 billion in AI startup Poolside, potentially quadrupling its valuation to $12 billion, marking a significant move in the AI sector.
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Amazon's cloud division, AWS, reported its strongest growth in nearly three years, with sales surging 20% to $33 billion, fueled by massive demand for AI.
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Take-Two Interactive's CEO, Strauss Zelnick, argues that artificial intelligence is inherently 'derivative' and cannot replicate the human creativity needed for games like GTA 6.
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Major US corporations like Amazon and UPS are cutting tens of thousands of white-collar jobs despite reporting strong profits, creating a 'jobless growth' economy.
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Federal Reserve Chair Jerome Powell stated the current AI investment boom is not a repeat of the dot-com bubble, citing that AI companies have real earnings and profits.
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Meta Platforms Inc. announced a significant increase in 2026 expenses and capital spending, primarily to fund its ambitious artificial intelligence initiatives, causing shares to fall. The company is
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Microsoft is experiencing demand for its cloud computing and AI services that is so high it outstrips current capacity, driving significant income growth.
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Alphabet, Google's parent company, reported a record $102.3 billion in third-quarter revenue, a 16% increase driven by its ad and cloud businesses.
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AppLovin continues to attract significant investment from top funds, making new buy screens for six consecutive months. The company, which helps digital app developers with marketing and monetization,
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Credit traders are buying protection against Oracle's debt default as the tech giant pours billions into AI infrastructure. Morgan Stanley expects Oracle's net adjusted debt to more than double to $29
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Sequoia Capital has led a new investment round in AI startup Rogo Technologies, valuing the company at $750 million as it aims to automate investment banking tasks.
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Amazon is preparing for significant corporate job cuts starting this week, with more reductions expected in January. The company aims to cut billions in operating expenses while heavily investing in a
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OpenAI has forged multi-trillion-dollar deals for chips and infrastructure, largely bypassing external advisers. CEO Sam Altman and a small internal team, including President Greg Brockman and CFO Sar
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As stock indexes hit new records, five companies including Tesla, Broadcom, and Snowflake are approaching key buy points amid earnings season volatility.
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Jay Goldberg, the lone analyst with a 'sell' rating on Nvidia, compares the AI boom to the dot-com bubble, raising concerns about market sustainability and future growth.
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