OpenAI has hired Jessica Schumer, daughter of Senate Minority Leader Chuck Schumer, to manage government relations and partnerships in Northeastern states. Jessica Schumer brings extensive experience from Amazon and the Obama administration, strengthening OpenAI's ties with Democratic policymakers as AI regulation intensifies. This move reflects Silicon Valley's broader strategy to engage both political parties ahead of the midterm elections, anticipating increased scrutiny and potential congressional investigations into the tech industry. OpenAI is expanding its bipartisan policy team to navigate the evolving regulatory landscape and influence AI policy development at state and federal levels.
Synopsys surged 8.8% to $474.28, leading the Nasdaq 100 after a strong Investor Day featuring partnerships with OpenAI and Amazon, and a raised earnings outlook. The company reported Q3 revenue of $2.48 billion, beating estimates, and raised its full...
Jefferies raised its bullish stance on CoreWeave after noting strong AI demand that exceeds supply, allowing the company to command higher near-term pricing. Discussions with CoreWeave's executives and customers highlighted broad demand visibility th...
Amazon benefits from its large stake in Anthropic and its role as the provider of computing power for Anthropic's AI training, with significant gains booked in recent quarters. AWS shows strong growth with a $42.2 billion revenue and a growing backlo...
Amazon.com is looking to sell about $8 billion worth of advanced Nvidia AI chips to external investors while leasing them back. This move aims to strengthen Amazon's balance sheet by transferring costly chip ownership to investors and adopting a more...
Goldman Sachs updated its Conviction List by adding five new stocks, including Amazon, Burlington Stores, Huntington Ingalls, Johnson Controls, and Occidental Petroleum, each with significant upside potential ranging from 25% to 64%. Amazon stands ou...
