Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Through the partnership, the companies will build new Azure AI supercomputing technologies and Microsoft will become OpenAI's exclusive cloud provider, according to the announcements. The companies said the technology they plan to build, artificial general intelligence (AGI), will be able to solve more complex problems that AI currently is capable of.
"Modern AI systems work well for the specific problem on which they've been trained, but getting AI systems to help address some of the hardest problems facing the world today will require generalization and deep mastery of multiple AI technologies," the companies wrote in a press release. "OpenAI and Microsoft's vision is for artificial general intelligence to work with people to help solve currently intractable multidisciplinary problems, including global challenges such as climate change, more personalized healthcare and education."
Rather than build its own product to make up the costs of building AI technologies, OpenAI said in its announcement that it decided to license some of its "pre-AGI technologies" and make Microsoft its preferred commercialization partner.
Microsoft and OpenAI chose to work together based on "shared principles on ethics and trust," according to the release.
"We believe that the creation of beneficial AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity," OpenAI wrote.
OpenAI was co-founded by Musk, Greg Brockman, Ilya Sutskever and Sam Altman, the company's CEO.