CNBC · Fri 6 Nov

AIAI-generated summary Nebius reports before the bell, providing a major test for the artificial intelligence infrastructure trade following results from CoreWeave. Cisco Systems and Applied Materials also report, while Kraft Heinz holds an investor meeting Thursday.

AI Data Centers Earnings

AIAI-generated summary An OpenAI employee accused of placing a hidden recording device in an office entered a not guilty plea in federal court. The plea for Abdulrahman Alfozan was entered Friday during a hearing before Magistrate Judge Peter H. Kang in San Francisco.

OpenAI

AIAI-generated summary Microsoft plans to decrease its use of neocloud partners for artificial intelligence buildouts and focus on its own data centers. Sources stated that Microsoft is currently evaluating which providers to stop using and decided not to renew a deal with Oracle.

Microsoft AI Data Centers Cloud AI Partnerships

AIAI-generated summary OpenAI CFO Sarah Friar told CNBC that the company will continue its investments in artificial intelligence infrastructure following the midterm elections. Friar stated in an interview with Sara Eisen that OpenAI maintains relationships with hyperscalers and will keep raising capital to meet customer demand.

OpenAI AI Data Centers Funding

AIAI-generated summary Asian technology firms suffered significant losses on Friday as investors reacted to a collapse on Wall Street driven by fears of increased regulation of the artificial intelligence industry following the US midterm elections. Seoul and Tokyo experienced heavy selling while companies including SK hynix, Samsung, SoftBank, and Tesla faced market pressures amid concerns over data centre opposition and political developments.

AI Economics