OpenAI is unsatisfied with some of Nvidia’s latest artificial intelligence chips, and it has sought alternatives since last year, potentially complicating the relationship between the two highest-profile players in the AI boom.
The UK’s FTSE 100 closed at a record high as investors piled into financials and defensive pharma stocks amid a global selloff in energy and metal shares. The blue-chip FTSE 100 index losed up 1.1%, rising for the third straight session.
The pound dropped against the dollar to end last week, with the U.S. currency benefiting from growing expectations that former Fed Governor Kevin Warsh will be unveiled as new Fed chair.
Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion. Alphabet would provide about $13 billion to the autonomous driving firm while the rest would come from other investors.
Another huge batch of corporate earnings including from megacaps Alphabet and Amazon will test the U.S. stock market in the coming week after a disappointing report from heavyweight Microsoft weighed on equity indexes.
President Donald Trump said he intends to announce his pick to replace Federal Reserve Chair Jerome Powell next week, as speculation intensifies over who will lead the U.S. central bank after Powell steps aside from the job in May.
