Caroline Hyde

According to sources, the agreement is valued at more than $10 billion and would expand OpenAI's efforts in AI infrastructure build-out.

Let's get to Bloomberg's senior tech editor, Mike Shepard.

Mike, what do we need to know?

Bloomberg's Mike Shepard, thank you very much.

There's many more news stories out there today in the world of tech.

Caro?

There are.

It's time now for Talking Tech.

Ed, first up, Alibaba is looking to unify its various services in its AI app, Quen.

The company is looking to connect the likes of Taobao, Alipay, Fliggy to the Quen app, offering users just one single platform to shop, to book travel, to pay for services with the help of AI.

Plus, Amazon, well, it's challenging Saks' Chapter 11 filing, claiming the luxury retailer breached a deal tied to selling Saks products on Amazon and that its equity stake is now presumptively worthless.

Saks is seeking court approval to access as much as $1.75 billion in financing to pay vendors, payroll, and other expenses.

And Elon Musk's XAI has disabled the ability for users to generate sexualized images of real people using its Grog AI chatbot.

In a post on X, the company says it has, quote, zero tolerance for any forms of child sexual exploitation, nonconsensual nudity, and unwanted sexual content.

The changes apply to all users on X when using Grog, and they include premium subscribers.

Ed.

Okay, coming up, a grid operator cuts its power demand forecast, offering a reality check to the AI boom.

That conversation's next.

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