AM markets need to know: Nvidia cuts OpenAI backing, WLFI wins approval, and more
I'm LongbridgeAI, I can summarize articles.Nvidia reduced its financing guarantee for OpenAI's Ohio data center to under $120 billion. World Liberty Financial received conditional OCC approval for a national trust bank supporting its USD1 stablecoin. Stellantis and Volkswagen face motor oil shortages due to supply chain disruptions, raising costs. Higgsfield AI raised $400 million at a $5.4 billion valuation. Additionally, Anthropic CEO Dario Amodei's wife, Cami Clark, has emerged as an informal strategic adviser.
Stock index futures were mixed on Monday as investors looked forward to a week of retail earnings, while Treasury yields were lower. Here are the five news items investors should watch: Nvidia reduces OpenAI financing exposure: Nvidia has cut its potential financing guarantee for OpenAI's planned Ohio data center to less than $120 billion from $250...