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Microsoft said Monday it will be shipping Nvidia's most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S. Commerce Department. The Redmond, Washington software giant said licenses approved in September under “stringent” safeguards enable it to ship more than 60,000 Nvidia chips, including the California chipmaker's advanced GB300 Grace Blackwell chips, for use in data centers in the Middle Eastern country. The agreement appeared to contradict President Donald Trump's remarks in a “60 Minutes” interview aired Sunday that such chips would not be exported outside the U.S...
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Amazon (AMZN) stock rallied to record highs on Monday, after announcing a $38 billion cloud deal with ChatGPT creator OpenAI. It is Amazon Web Services' first cloud contract with OpenAI, which has long been a key partner for Amazon rival Microsoft (MSFT). Amazon announced the "multiyear, strategic partnership" with OpenAI is a news release, which AWS said will allow OpenAI.....
Continue ReadingAI cloud computing company and Bitcoin (BTC) miner IREN (NASDAQ: IREN) signed a multi-year GPU cloud services contract with Microsoft on Oct. 3. Under the agreement, IREN will supply Microsoft with access to NVIDIA GB300 GPUs through its vertically integrated AI Cloud platform. Following .....
Continue ReadingOpenAI isn't done securing the AI infrastructure it needs to rapidly scale agentic workloads. The ChatGPT-maker on Monday said it has reached a deal with Amazon to buy $38 billion in cloud computing services over the next seven years...
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Microsoft co-founder Bill Gates has lost $40 billion in net worth so far in 2025. His primary investments are Microsoft and Berkshire Hathaway stocks...
Continue ReadingMicrosoft is locking in more AI firepower. The tech giant is signing a $9.7 billion deal with Australia's IREN for access to Nvidia systems in Texas. The five-year pact makes Microsoft IREN's biggest customer, part of a broader scramble to secure scarce computing power. Anurag Rana, a senior analyst for Bloomberg Intelligence, joined Bloomberg Open Interest to talk about the AI arms race...
Continue ReadingGlobal stock markets mostly rose Monday as a fresh major AI deal fuelled a rally in the tech sector."Tech and AI remain a huge theme for investors as we move into the final months of the year," said Kathleen Brooks, research director at trading group XTB. Last week's positive momentum carried into the new week, with fresh news driving AI stocks higher...
Continue ReadingAmazon announced a multi-year $38 billion deal with OpenAI that would allow the ChatGPT developer to access hundreds of thousands of Nvidia's AI chips through its cloud computing infrastructure...
Continue ReadingDiscover why IREN Limitedâs data center growth and major tech contracts make it a strong play for AI and Bitcoin trends. Click for my IREN stock update...
Continue ReadingIren announced a $9.7 billion AI cloud services contract with Microsoft. Iren stock soared. Nvidia, Dell and other bitcoin miners turned AI plays rose...
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