OpenAI's Losses Amid Rapid Expansion

MRKT Matrix - Monday, November 3rd

• S&P 500 rises to start November, pushed higher by Amazon and other AI leaders (CNBC)
• OpenAI strikes $38bn computing deal with Amazon (FT)
• Microsoft Signs $9.7 Billion Deal With Data Center Firm IREN (Bloomberg)
• Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China (WSJ)
• he Double Bind of the AI Bubble Means We’re Screwed Whether the Tech Succeeds or Fails (Vanity Fair)
• Kimberly-Clark agrees to buy Tylenol owner Kenvue in $48.7 billion deal, creating consumer staples giant (CNBC)
• Third-quarter earnings are indicating a divided economy (CNBC)
• A Wave of US Layoffs Flash Early Warning Sign for Job Market (Bloomberg)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs