Closed · opens Mon 9:30 AM ET
The Marked Chart Wire · Tech and AI
OpenAI
OpenAI is reportedly closing a $30 billion financing round valued at $1.25 trillion before new capital. UAE backers and Coatue lead the deal, which supports a planned 2027 public listing.
AI Spending
Nvidia CEO Jensen Huang said capital demand outstrips supply for AI infrastructure, though he expects the shortage to resolve. Goldman Sachs estimates AI spending will reach $7.6 trillion from 2026 to 2031.
OpenAI
OpenAI is said to be close to completing a funding round of up to $30 billion, which would value the company at $1.25 trillion.
OpenAI
OpenAI made its latest decision-making software available to everyone, shrinking response times from one to three seconds down to roughly 100 to 180 milliseconds. The service now handles voice and images, competing with rivals like TypeSafe.
CoreWeave
Blackstone COO Jon Gray said CoreWeave can navigate its roughly $51.6 billion debt load because AI compute demand remains strong and prices have risen 50 percent. He expects a solid fourth quarter and 2027 despite elevated loan expenses.
CoreWeave
Bank of America maintained a buy rating on CoreWeave with a $140 price target, citing $129 billion in contracted demand. The bank warned the company needs about $20 billion in financing and expects third-quarter capital spending to reach $12.5 billion.
AI Cloud Funding
Nvidia CEO Jensen Huang said strong demand for AI computing is held back by capital shortages at emerging cloud providers. He expects the financing gap to narrow and pledged nearly $10 billion to Europe's AI ecosystem.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.