Business

ChatGPT owner OpenAI signs $38bn cloud computing deal with Amazon

ChatGPT owner OpenAI signs bn cloud computing deal with Amazon

OpenAI has signed a $38bn (£29bn) contract with Amazon to access its cloud computing infrastructure as it continues its run of major partnerships. In 2025, the ChatGPT maker has signed deals worth more than $1tn with Oracle, Broadcom, AMD and chip-making giant Nvidia. As part of the seven-year agreement, OpenAI will gain access to Nvidia graphics processors to train its …

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Kimberly-Clark buys Tylenol-maker Kenvue in more than $40bn deal

Kimberly-Clark buys Tylenol-maker Kenvue in more than bn deal

Natalie ShermanBusiness reporter AFP via Getty Images The Trump administration linked use of Tylenol during pregnancy to autism, despite what scientists say is inconclusive evidence Kimberly-Clark is set to buy Kenvue, the maker of Tylenol, which has faced attacks from the White House and flagging demand for its products. The more-than $40bn (£30.5bn) cash-and-stock deal would create a consumer giant, …

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US markets today: Nvidia and AI stocks lift Wall Street even as most shares decline; Dow dips, S&P 500 nears record high – The Times of India

US markets today: Nvidia and AI stocks lift Wall Street even as most shares decline; Dow dips, S&P 500 nears record high – The Times of India

Wall Street traded mixed on Monday, with major technology stocks once again steering the market higher even as most other sectors struggled. The S&P 500 added 0.4% in early trading, inching close to its record high set last week. The tech-heavy Nasdaq composite climbed 0.9%, while the Dow Jones Industrial Average slipped 34 points, or 0.1%, at 9:35 a.m. Eastern …

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Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand – The Times of India

Microsoft-IREN deal: Tech giant inks .7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand – The Times of India

Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the surging demand for AI computing …

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UPI rush: Digital payments hit lifetime high of Rs 27.3 lakh crore in October; India logs 20.7 billion transactions in 1 month – The Times of India

UPI rush: Digital payments hit lifetime high of Rs 27.3 lakh crore in October; India logs 20.7 billion transactions in 1 month – The Times of India

Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September and a 16% jump year-on-year …

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Rail security to be reviewed after train stabbings, says minister

Rail security to be reviewed after train stabbings, says minister

There will be a review of rail security in the UK following a mass stabbing on a train, Transport Secretary Heidi Alexander has said. A man has been charged with 10 counts of attempted murder after the knife attack on a Doncaster to London service on Saturday night. Alexander told the BBC the government would “review security arrangements” and respond …

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Booster shot from GST cuts! Manufacturing activity jumps; October PMI rises to 59.2 – The Times of India

Booster shot from GST cuts! Manufacturing activity jumps; October PMI rises to 59.2 – The Times of India

India’s manufacturing sector continued to strengthen in October, building on solid momentum from September. The movement was lifted by improving domestic demand, GST relief measures and increased technology investments that boosted factory activity.According to the latest data released by S&P Global, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 59.2 in October, up from 57.7 in September, signalling …

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Experian: Credit scores to include rental payments for first time

Experian: Credit scores to include rental payments for first time

Rental payments will be reflected in credit scores, one of the UK’s main credit ratings agencies has said. Experian said it was overhauling its scoring system to better reflect “more of the everyday financial behaviours that matter” which included things “like paying rent or reducing overdraft use”. The new system will see the maximum credit score someone can have go …

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