OpenAI's deal with Nvidia this week could be the company's "iPhone" moment for AI.  Joe Kaiser, the CEO of Mercato Partners, says the deal could rewrite how we shop, advertise, and manage our health data.

OpenAI's recent developer event introduced new tools, including an apps SDK and an agent kit, which experts believe could have a transformative impact on e-commerce and enterprise workflows. The platform's capabilities are being compared to the disruptive effect of the iPhone's launch, with the potential for consumers to make purchases directly within AI interfaces like ChatGPT.

The discussion also highlighted the potential for OpenAI to become a major player in advertising and data-driven industries, with partnerships spanning companies such as Spotify, Zillow, Uber, and DoorDash. While there is debate about whether current stock prices reflect these changes, infrastructure investments in areas like data centers and GPU utilization are seen as critical to supporting the anticipated growth in AI-driven commerce.

OpenAI's iPhone moment could reshape e-commerce

I think Monday was a unique turning point for open AI and where AI is going with Dev Day. I think 20 years from now we're going to look back on Monday the same way that we think about Steve Jobs and Macworld in 2007 introducing the iPhone. Sam introduced apps the apps SDK which has complete disruptive capability for e-commerce. I think companies ranging from Google to Amazon to every other marketplace globally need to start thinking about what is going to happen when consumers start making purchases and all their purchasing decisions inside a chat GBT. And then also with the agent kit released yesterday opening is now in a position where over the next couple of years they can map enterprise workflows. So I think we are on the cusp of something huge and monumental when it comes to AI efficiency and AI impact on our daily lives. Joe are you saying that you know at some point it's going to be a little bit like how the social media networks make their money that there's going to be a little bit of advertising involved a little bit of passing on fees from shopping and so on. And then how many dollars per individual in the United States would you need in order to have all these companies be profitable for that. Well Bonnie a good friend of mine former classmate of mine Ben Thompson said open as is becoming like the Microsoft Windows back in 1995. And my point of view and Sam expressed this as well. My point of view is it's bigger because this platform could become an unprecedented advertising juggernaut. If you think of what they can do from causing consumer purchasing inside of chat GBT and then their partnerships ranging from Spotify to Zillow to Uber to DoorDash and causing us to make purchases in real time unprecedented. And then you think about what they're doing with sort to from an advertising capability. It's not there yet. You know the sort to add can only be about 10 seconds today. But where will that technology be a year from now. They couple that with vertical solutions like they're taking on open evidence and helping doctors make best decisions if they can own the medical information platform. It has the ability to deliver unprecedented amounts of data and and to your point unprecedented amounts of screen time and eyeballs. Sure. Owning the medical data seems a little scary to me. But are you saying that this is all priced in now to these stocks. So for example you know you're a thesis that the likes of Spotify Expedia Zillow all the ones that were mentioned at the investor day that they will all you know get business through open A.I. or Anthropic or what have you. Is that being priced in at the moment to the to the stocks like Nvidia and the chip providers and the cloud providers. I will defer to the public equity analysts on whether multiples make sense and it's priced in yet. However I think when we hear so many people talk about well efficiency is not there yet. And so it's overvalued and we're on the cusp of a bubble bursting. You know I think it was just talk about this. The information is reporting that Oracle only makes 14 percent gross margin on this cloud business. And first I would say there's so much we don't know because it's not a publicly. It's not a reported business unit and Oracle's public statements. But the key thing here is that it because of how fast Oracle stock dropped with the release of that article it shows you the fear of the investing community being on the wrong side of a bubble bursting. So I think there's a lot of walking on eggshells at the moment. So what are you doing. Where are you investing. I mean technically those few names that were mentioned on Monday. It could have been other names. Right. So you know what are we missing out on then that we're not that we you know we have the blinkers on. So we're just concentrated on a few. But we should be looking at others. Well Bonnie we spend a lot of our time in infrastructure investing. So whether it's it's energy and supporting the grid to then support data centers and they require electricity. We're spending a lot of time evaluating how to keep these data centers and GPUs cooled. And then also on the the utilization of GPUs. So we've made a large investment in a company called Lambda Labs which is a competitor to core. We've we're pretty excited about its future as well.

Israeli Prime Minister Benjamin Netanyahu announced that his government has approved a plan to release all remaining hostages in Gaza. The move is part of President Trump’s peace plan and could bring an end to the two-year conflict in the region.

Tel Aviv-Yafo

Israeli government approves framework to release hostages

New York Attorney General Letitia James has been indicted by a grand jury in Alexandria, Virginia. She faces two separate charges, one count of bank fraud and one count of false statements to a financial institution.

Alexandria

Federal grand jury indicts New York AG Letitia James

Israel and the Palestinian militant group Hamas signed an agreement on Thursday to cease fire and free Israeli hostages in exchange for Palestinian prisoners, in the first phase of U.S. President Donald Trump's initiative to end the two-year war in Gaza.

Washington

Middle East Conflict

Trump says Israel hostages to be freed early next week

The U.S. Senate held its seventh round of votes Thursday on Democratic and Republican plans to fund and reopen the government, but once again the bills failed to pass.

Senate votes to reopen government fail again on 9th day of shutdown

The chemistry award is the third 2025 Nobel Prize to be announced this week. Three U.S. scientists won the award in chemistry for creating a new molecular structure.

Stockholm

U.S. scientist trio win Nobel Prize in chemistry

Ukrainian President Volodymyr Zelenskyy accused Russia of wanting to sow "chaos" in Ukraine by launching strikes on his country's energy grid and railway infrastructure, in comments published Thursday.

Kyiv

Ukraine Invasion

Zelenskyy says Russia aims to sow 'chaos' with energy strikes

U.S. President Donald Trump announced Wednesday (October 8) that Hamas has agreed to release hostages and Israel will pull back its troops in Gaza in the "first phase" of a peace deal. CBS News' Debora Patta reports.

Jerusalem

Israel and Hamas agree to phase one of peace deal

Russia and China are sending high-level representatives to North Korea for celebrations honoring 80 years of the ruling party. CBS News' Ramy Inocencio reports.

Pyongyang

Russia, China send representatives to North Korea

The Toronto Blue Jays won Game 4 of their American League Division Series matchup against the New York Yankees to advance to the next round of the Major League Baseball playoffs.

New York

Blue Jays defeat Yankees to advance to ALCS

The ongoing U.S. government shutdown has led to major delays and staffing shortages at airports, raising safety concerns. The flight attendants’ union says reduced oversight and overworked crews are putting additional strain on the aviation system.

Aviation less safe during any government shutdown, union warns

Earlier this week, Transportation Secretary Sean Duffy said one of the reasons for staffing shortages at airports is that a growing number of air traffic controllers have been calling in sick. Those controllers don't know when they'll get their next paycheck amid the government shutdown.

Los Angeles International Airport

Why the government shutdown is playing into travel delays

President Trump says he might travel to the Middle East as soon as this weekend as Israel and Hamas continue indirect negotiations to end the war in Gaza. CBS News senior White House and political correspondent Ed O'Keefe has the details.

Cairo

Trump 'may' go to Egypt or Gaza amid Israel-Hamas peace

A 29-year-old Florida man has been arrested on suspicion of arson in connection with the deadly Palisades Fire that scorched parts of Los Angeles earlier this year, officials said Wednesday.

Los Angeles

Man arrested for allegedly starting Palisades Fire in California

Former FBI Director James Comey pleaded not guilty to two counts in federal court on Wednesday (October 8) after being indicted by the U.S. Department of Justice in September.

James Comey pleads not guilty to charges brought by Trump's DOJ

Some air traffic control staffing issues and bad weather are affecting flight delays as the government shutdown enters its eighth day. CBS News senior transportation correspondent Kris Van Cleave has more details.

Government shutdown, staffing issues lead to flight delays

Hamas’ lead negotiator says the group needs guarantees of a lasting peace as indirect talks with Israel to reach an agreement over the implementation of the first phase of Trump’s peace plan for Gaza enter the third day.

Sharm El-Sheikh

Hamas says it is ready to reach Gaza deal but needs 'real' guarantees

Sebastien Lecornu to hold two days of talks to try to shore up cross-party support for his collapsed government.

Paris

Outgoing French PM launches last bid to quell political crisis

Israel is pressing forward with its attacks across the Gaza Strip. 
Its forces have targeted displaced families in Khan Younis, killing a mother and her children. Several Palestinians have also been killed in a strike on Al Shati refugee camp, in Gaza City.

Israeli strikes intensify in Gaza despite ceasefire talks

Palestinian solidarity demonstrators have marched through Mexico and Chile’s capitals, demanding their governments sever diplomatic ties with Israel. The protests mark the second anniversary of Israel's war on Gaza.

Mexico City

Palestinian solidarity protests sweep Latin America

National Guard troops are preparing to be deployed to Chicago. Members of the Texas National Guard arrived just outside the city on Tuesday. The move is being criticized as an abuse of presidential authority.

Chicago

National Guard troops preparing to deploy in Chicago

U.S. President Donald Trump welcomed Canadian Prime Minister Mark Carney to the White House, where he promised to treat Canada fairly in trade talks, but was less committed to a continental trade deal that also includes Mexico.

Global Tariffs

Trump promises trade fairness for Canada during Carney's visit

From Tel Aviv to the Nova Music Festival site, Israelis gathered to remember those who were killed in the October 2023 Hamas attack.

Israelis remember victims two years after Hamas attack

Saudi Arabia's Riyadh Comedy Festival is attracting global stars including Dave Chappelle, Pete Davidson and Kevin Hart, with reports that some are being paid more than $1 million each. The event is part of Crown Prince Mohammed bin Salman's push to rebrand the conservative kingdom through sports and entertainment.

Riyadh

Riyadh Comedy Festival draws top U.S. comedians amid controversy

Three U.S.-based scientists have won the Nobel Prize in physics for their work on quantum mechanics. The physics award is the second 2025 Nobel Prize to be announced this week.

Three U.S.-based scientists win Nobel Prize in physics

As the war in Gaza reaches its two-year mark, Israel and Hamas continue negotiations in Egypt. Talks are centered on a proposed ceasefire deal, which includes a partial Israeli withdrawal from Gaza and a hostage-prisoner exchange.

Israel and Hamas resume Gaza ceasefire talks in Egypt

Israel has deported activist Greta Thunberg along with 170 others who were detained after Israeli forces intercepted a flotilla attempting to deliver aid to Gaza last week. Some of those deported in recent days have reported mistreatment, allegations that Israel has denied.

Israel deports Greta Thunberg after Gaza Flotilla interception

Leaders in the U.S. state of Illinois are taking President Donald Trump to court, looking to stop the deployment of hundreds of National Guard troops to the streets of Chicago. The White House argues that soldiers are needed to prevent so-called lawlessness.

Chicago declares 'ICE Free Zones' amid clashes over raids

French President Emmanuel Macron has given Prime Minister Sebastien Lecornu 48 hours to stabilize the government following his sudden resignation. Lecornu stepped down hours after naming his cabinet, amid criticism and growing political instability in a parliament without a clear majority.

Macron gives Lecornu two days to salvage government after resignation

Microchip maker AMD got a huge boost in the race to supply the artificial intelligence revolution. OpenAI, the company behind major AI platform ChatGPT, announced a deal for AMD to provide the AI startup with its high-performance processing chips starting next year.

Santa Clara

Rise of AI

AI chipmaker AMD strikes major deal with OpenAI

It's a race against time to save the remaining 200 or so stranded climbers on Mount Everest after a massive storm dumped at least three feet of snow over the weekend.

Breakdown