Nvidia’s OpenAI Deal Fuels ‘Circular’ Financing Concerns

Three years after OpenAI and Nvidia Corp. helped kick off the global artificial intelligence frenzy, the two firms are joining forces to pave the way for a more costly phase of development with a deal that’s quickly revived fears of an AI bubble. Nvidia on Monday said...

Guterres Warns World Has Entered Age of ‘Reckless Disruption’

UN Secretary-General Antonio Guterres warned the world had entered an age of “reckless disruption and relentless human suffering” as he offered a pessimistic global outlook to world leaders gathered in New York. Guterres lamented “sovereign nations invaded, hunger...

An $800 Billion Revenue Shortfall Threatens AI Future, Bain Says

Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centers, but they have been slower to show how they will pull in revenue to cover all those expenses. Now, the consulting firm Bain &...

Dollar Nears a Three-Year Low Ahead of FOMC’s Rate Decision

Bloomberg’s gauge of the dollar approached its lowest level since March 2022 ahead of the Federal Reserve decision, where policymakers are expected to resume cutting interest rates to prop up a weakening labor market. The Bloomberg Dollar Spot Index was little...