One of Equinix’s internal operations centers at the Equinix Data Center in Ashburn, Virginia, on May 9, 2024.
Amanda Andrade Rhodes | Amanda Andrade-Rhoades The Washington Post | Getty Images
This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.
What you need to know today
U.S. stocks slide, Asian shares rise
US stocks Most fell on Wednesday. this S&P 500 Index Down 0.19% Dow Jones Industrial Average fell 0.7%, while Nasdaq Index Closed near the horizontal line. Asian stock markets rose on Thursday, with Hong Kong, Japan and South Korea all rising more than 2%. They were boosted by gains in semiconductors, with SK Hynix shares soaring about 8%.
OpenAI may profit
OpenAI’s board of directors is considering plans to restructure the company into a for-profit business, according to a source who spoke on condition of anonymity. OpenAI will keep its nonprofit arm as a separate entity, the sources said. The news follows a series of high-profile departures, including chief technology officer Mira Murati and head of research Bob McGrew.
Support semiconductor projects
Indian Prime Minister Narendra Modi plans to turn the country into a semiconductor powerhouse. Modi hopes to grow the electronics industry to $500 billion by 2030 from the current $155 billion. However, they agreed that India cannot do this alone.
Turn VR into reality
Yuan Another step towards making virtual reality a part of our daily lives. The company’s Reality Labs division announced its latest VR headset, the Quest 3S, which will be available on October 15 starting at $299. It hopes to sell the next version to consumers.
(PRO) A look at India’s “micro”
India’s economy and stock market have boomed over the past year. But investing based solely on that fact would be a mistake, said Blackstone Private Equity’s head of Asia. Instead, investors should focus on “certain micros” to make money.
bottom line
The release of ChatGPT by OpenAI in 2022 triggered the initial craze for generative artificial intelligence. Billions of dollars invested in OpenAI.
Although OpenAI, the company behind ChatGPT, is not publicly listed, several companies have benefited greatly from the generative AI craze it sparked.
NVIDIA It is the first beneficiary of the artificial intelligence era. The company’s stock price soared in 2023, a year after ChatGPT was released, when it became clear that the semiconductor company’s chips were the brains behind the chatbot.
Then big tech companies jumped on the bandwagon. Microsoft, Yuan and Google parent letter Released its own version of chatbots and AI-infused tools. These characteristics have helped push the stock price higher, although it’s certainly difficult to attribute the stock’s movements to a single cause.
AI tailwinds appear to be starting to drive a third wave of AI-related companies forward.
If the chip is the brain of artificial intelligence, then the data center is the body of artificial intelligence. Hewlett Packard Enterprise The company’s shares rose more than 5% after Barclays upgraded the company on strong demand for artificial intelligence data centers. Recall that Oracle’s surge this year has been driven largely by the company’s artificial intelligence cloud services powered by its data centers.
The next ones to be affected by artificial intelligence appear to be energy companies.
Oracle’s Founder Larry Ellison said a new data center the company is designing “will rely on three modular nuclear reactors.”
view Corp shares of Texas-based power company Corp rose nearly 6% on expectations it will use one of its nuclear power plants to power an artificial intelligence data center. Likewise, Constellation Energy Shares rose about 22% on Friday after the company announced plans to restart nuclear power plants and sell power to Microsoft.
That said: The waves of artificial intelligence will continue to ripple through the oceans for some time. Big tech or semiconductors are lucrative catches, but a wider net could bring other prizes.
– CNBC’s Kif Leswing, Jonathan Vanian, Jordan Novet, Brian Evans and Jesse Pound contributed to this article.
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