LeadStory

What are the latest business deals in the news?

Asked 12 hours ago

Answer

Major business deals in the news include OpenAI's $38 billion compute partnership with Amazon, Huntington Bank's $7.4 billion acquisition of Cadence Bank, Nvidia's contract to build AI supercomputers for the U.S. Energy Department, Alphabet's multi-billion dollar cloud contracts, and new trade and investment agreements involving the U.S., South Korea, and the Middle East. Wall Street is backing Amazon and Alphabet as AI monetization leaders this quarter.

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Newsmax

Burgum making deals in the Middle East

Newsmax · Recent
Newsmax
Newsmax
Recent
  • Doug Burgum attends the world's largest energy conference in Abu Dhabi, representing the US alongside 248 American companies. 5s
  • Burgum announces a US-led framework for a 'club of nations' to trade and process critical minerals, with several countries already joining. 1m 31s
  • He criticizes China's export controls on rare earth minerals and highlights their impact on global industries. 2m 21s
  • Burgum discusses recent US agreements, including a memorandum of understanding with the UAE on energy and AI. 4m 47s
  • He outlines US government investments in domestic rare earth mineral processing as part of an emergency program to reduce reliance on China. 6m 2s
Right-Wing Politics

References

Burgum making deals in the Middle East
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Newsmax
15 hours ago
Burgum making deals in the Middle East

A memorandum of understanding is signed with the UAE on energy and AI, and the U.S. increases investments in rare earth mineral processing, aiming to reduce reliance on China.

OpenAI signs $38 billion deal with Amazon
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CNBC
16 hours ago
OpenAI signs $38 billion deal with Amazon

OpenAI announces a $38 billion compute deal with Amazon Web Services, its first partnership with AWS, providing access to NVIDIA GPUs and custom infrastructure, operational by the end of next year.

Wall Street backs AI winners, and Meta’s not one of them this quarter
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CNBC
3 days ago
Wall Street backs AI winners, and Meta’s not one of them this quarter

Amazon and Alphabet are identified as leading AI monetization, with Amazon projecting record revenue and Alphabet's cloud revenue up 34% after landing deals with OpenAI and Meta.

Alphabet reports first $100B quarter
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CNBC
5 days ago
Alphabet reports first $100B quarter

Alphabet's cloud backlog surges to $155 billion, with billion-dollar cloud deals this year exceeding the past two years combined, including a new contract with Anthropic worth tens of billions of dollars.

Trump working on trade deals with South Korea, China
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CBS News
6 days ago
Trump working on trade deals with South Korea, China

President Trump secures a trade breakthrough with South Korea, including $350 billion in investments into the U.S. and reduced auto tariffs, and prepares for a major meeting with China's President Xi Jinping.

Nvidia will build AI supercomputers for U.S. Energy Department
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Reuters
6 days ago
Nvidia will build AI supercomputers for U.S. Energy Department

Nvidia secures a contract with the U.S. Department of Energy to build seven AI supercomputers, supporting scientific research and nuclear arsenal maintenance, with $500 billion in chip bookings over five quarters.

Huntington acquiring Cadence Bank in $7.4 billion deal
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Bloomberg
7 days ago
Huntington acquiring Cadence Bank in $7.4 billion deal

Huntington Bank announces a $7.4 billion acquisition of Cadence Bank, expanding its presence in Texas and the Southeast, and increasing its return on tangible equity by 200 basis points.

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