00:00Now let's turn our attention to Wall Street and the S&P 500.
00:03For those who may not be familiar with it, the S&P 500 is essentially a scoreboard for some of
00:09the biggest companies in the United States.
00:11It tracks around 500 major U.S. companies and gives us a good indication of how the broader American stock
00:17market is performing.
00:19So let's take a look at how the S&P 500 has been moving and what it tells us about
00:23investor sentiment.
00:24And we're going to start about one of the biggest semiconductor is NVIDIA.
00:28As of this morning, it's down by 0.07%.
00:32And the latest news on NVIDIA has agreed to provide a guarantee of up to $105 billion to help OpenAI
00:39lease a sprawling data center in Ohio being developed by SoftBank-owned SP Energy
00:46in one of the chipmaker's largest infrastructure financing commitments.
00:51The Jensen Huang Lack firm said on Monday it will also invest $1.5 billion in SP Energy months after
00:58a $1 billion investment from OpenAI and SoftBank to expand data center infrastructure.
01:04The new deal is the latest example of NVIDIA financing the infrastructure built around its chips,
01:11a strategy that helps drive demand but has also raised questions about circular funding flows between the chipmaker and its
01:18customers.
01:19Last week, scrutiny of such funding deepened after NVIDIA partner with six major financial institutions including BlackRock to launch financing
01:29platforms targeting more than $500 billion in third-party funding for AI infrastructure.
01:35Huang said the new deal was not circular financing and that NVIDIA is using its skill and long-term visibility
01:42to help Tesla has stolen and that is the updates on NVIDIA.
01:46Next, we're going to take a look at Tesla as of this morning for the NVIDIA performance is down by
01:520.87% lower than NVIDIA and the latest update on Tesla has sold employees for its gearing up for
02:02a public launch of CyberCap starting with a rollout in Austin, Texas.
02:07As soon as this month, the information reported on Monday, citing people with knowledge of the plans,
02:13CyberCap, a purpose-built autonomous vehicle without pedals or steering wheel, is crucial to Tesla's robotaxi ambitions as the company
02:22is planning to eventually deploy the vehicle for its autonomous ride-hailing service.
02:27Tesla has told staff that it plans to begin the CyberCap rollout by offering rides to its employees on public
02:34roads and then incorporate CyberCaps into its robotaxic service in Austin a few days later.
02:41According to the report, the company has been preparing for a launch with steps including tests driving, offering employee rides
02:48on private roads and conducting training with local first responders in recent weeks, the report said.
02:54And that's latest update on Tesla. Amazon is also down as of this morning for 0.51% and on
03:02Friday, it reinstate binding arbitrations for its U.S. customers while also barring them from seeking class action lawsuits,
03:10making it more difficult for users to address genvouncers in court, revouncers in court.
03:16In emails on Friday, Amazon said the changes are effective immediately and customers agree to the terms by continuing to
03:24the U.S. company's services.
03:26Often companies alert customers to upcoming changes to their terms of service weeks in advance.
03:33Previously, Amazon said customers should pursue legal claims in court in Washington states where Amazon is based.
03:40And five years ago, Amazon revoke binding arbitrations after facing tens of thousands of costly individual cases.
03:48And next, Microsoft is down by more than 3.04%.
03:54And we can take a look, more than 3%.
03:56And Microsoft once regarded the idea of quitting China as unthinkable.
04:01And take a look on Microsoft's latest update.
04:04The year was 2010 and Google was about to exit due to concerns over censorship and cyber attacks.
04:10That decision was lauded by democracy activists, but not Bill Gates and Microsoft.
04:16Their CEO, Steve Ballmer, who suggested Google was overreacting.
04:20In the past five years, however, at least 15 Microsoft branch offices and joint ventures in China have been shut.
04:28But corporate filing shows and Microsoft is pursuing what five companies' sources described as a strategy of retreat.
04:37And the firm confirmed quitting the market in 2023 because some executive felt it took on too much geopolitical risk
04:43for too little economic return.
04:45And this is the update for S&P 500.
04:49We can see, Matt, and we're going to continue sharing you one of the latest how is Wall Street and
04:53S&P 500 is doing.
04:55Definitely, we're going to take a look on this for more time to come.
04:58And that's a wrap up for a look at some of the key developments shaping global business and technology today.
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