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Chapter 1: What are the latest trends in stock market performance?
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News when you want it with Bloomberg News Now. I'm Karen Moscow. It is the final trading day of February and stocks are falling at the open. This is inflation data reinforced bets the Federal Reserve will not cut rates anytime soon. Bonds remain slightly higher in a continuation of the recent bid for safety. Equities are falling as a report showed prices paid to U.S.
Chapter 2: How is inflation data influencing Federal Reserve policies?
producers rose by more than forecast. The S&P 500 down nine-tenths of a percent. The Dow Jones Industrial Average down nine-tenths of a percent. The Nasdaq down 1.3 percent. Treasuries are wrapping up their best monthly performance in a year against a backdrop of rising global risks. The yield on the 10-year Treasury 3.97 percent. The producer price index did increase half percent in January.
That was the most since September, and it came after a revised four-tenths percent increase in December, an underlying gauge that excludes food and energy advanced by the most since July. OpenAI has raised $110 billion in a deal that values the startup at $730 billion, representing the chat GPT maker's largest funding round to date.
and bolstering its costly push to secure more computing power and talent for AI development. Amazon.com is investing $50 billion in the financing round, by far the largest amount the e-commerce giant has put into any company. SoftBank Group and Nvidia each invested $30 billion. The large investment from Amazon also tightens its relationship with OpenAI.
As part of the agreement, OpenAI will use Amazon's line of in-house AI chips called Tranium and jointly develop customized models for Amazon's own engineering teams. OpenAI Chief Executive Sam Altman spoke to CNBC this morning.
Amazon can deliver so much more to us in terms of new demand and new opportunities in the market that there will be huge incremental revenue here into the whole ecosystem.
And that's OpenAI Chief Executive Sam Altman speaking to CNBC. Anthropic has rejected the Pentagon's latest offer to use its AI model for mass surveillance and fully autonomous weapons. It's ahead of a deadline today that could put the company at risk of losing its government contracts.
Under Secretary of Defense for Research and Engineering Emile Michael, who helps drive the Pentagon's AI strategy, said Anthropic's CEO is putting our national security at risk.
We've been negotiating in good faith on the Department of War side for about three months, and we're working pretty diligently, and we sent over a proposal that we thought made a lot of concessions to the language that Anthropic wanted, and then, you know, without any notice,
They published an article where we thought we were getting close, saying that they were breaking off talks well before the deadline, which is generally not good partner-oriented practice, if you will.
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Chapter 3: What significant funding round did OpenAI recently complete?
And now Bloomberg is the place to stay on top of it all.
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Chapter 4: How is Amazon's investment impacting OpenAI's future?
People who didn't do what John of God wanted them to do, they usually disappeared. John of God was once Brazil's most famous spiritual healer. But in this limited series podcast, we uncover the darker truth behind his global empire of faith and fear. From Exactly Right and Adonde Media, this is Two-Faced, John of God.
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