world
CNBC Daily Open: It's a boom, it's a bubble, it's still not enough for investors: It's AI
Investors can’t get enough of AI, despite worries over high valuations — and tech companies can’t get enough of each other, either. Source link
Australia’s inflation tops forecasts at 3.2%, highest in over a year
The figure also pushed inflation beyond the Reserve Bank of Australia’s 2%–3% target band for the first time since the second quarter of 2024. Source link
Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand
SK Hynix posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets. Source link
Asia-Pacific markets set for a higher open as inverstors look toward Fed rate decision
Asia-Pacific markets are set for a higher open as investors await the Federal Reserve’s interest rate decision later in in the day. Source link
Can AI create next 'Grand Theft Auto'? Take-Two Interactive CEO says no
While AI’s impact on business operations continues to grow, Take-Two Interactive CEO Strauss Zelnick said it’s still limited in video game development. Source link
The Fed has a rate cut plus a bunch of other things on its plate this week. Here's what to expect
The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its meeting Wednesday. Source link
Jensen Huang says Nvidia's AI chips are now being manufactured in Arizona
Previously, Nvidia’s fastest GPUs were solely manufactured in Taiwan. Source link
Nvidia takes $1 billion stake in Nokia, sending the 5G equipment maker's shares up 20%
Nokia is best known for its early cell phones, but in recent years has primarily been a supplier of 5G cellular equipment to telecom providers. Source link
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens
Dalio talked with CNBC’s Sara Eisen in an exclusive interview from the Future Investment Institute in Riyadh, Saudi Arabia. Source link
OpenAI completes restructure, solidifying Microsoft as a major shareholder
The nonprofit holds an equity stake currently worth about $130 billion in its for-profit arm. Source link