PayPal has signed an exclusive deal with OpenAI to become the first payments wallet integrated into ChatGPT. The partnership marks a major step toward AI-powered commerce, with implementation beginning next year.
Nokia’s CEO believes artificial intelligence investments won’t slow down due to what he calls a “super cycle” with years of growth ahead. Despite concerns about an AI bubble, industry leaders continue pouring billions into the technology, seeing greater risk in under-investing than over-investing.
Nokia CEO Justin Hotard has declared that artificial intelligence investments are unlikely to slow down because the technology is in the middle of what he describes as a “super cycle” with massive long-term prospects, according to his recent comments to CNBC. The former Intel executive, who took over Nokia’s leadership in April, stated that AI represents a “secular growth trend for many years” that extends far beyond current applications.
Several companies reporting earnings next week have demonstrated remarkable consistency in beating Wall Street estimates. Historical data suggests these stocks tend to rally following their quarterly results, according to recent analysis.
The current earnings season continues to draw investor attention to companies with proven track records of exceeding expectations. According to analysis of historical data, certain stocks reporting next week have consistently beaten earnings estimates and typically post gains following their quarterly announcements, sources indicate.
Applied Digital has signed a 15-year, $5 billion lease agreement with an unnamed U.S. hyperscaler for 200 MW of AI infrastructure capacity. The deal comes as the company’s stock faces recent declines, though it has nearly quadrupled in value this year.
Applied Digital has reportedly signed a $5 billion infrastructure lease agreement with a U.S.-based hyperscaler, according to company reports. The 15-year lease will provide 200 megawatts of capacity at the Polaris Forge 2 campus in North Dakota, bringing the company’s total leased capacity across its two campuses to 600 megawatts. Sources indicate that this move aligns with the tech industry’s rapid investment in artificial intelligence infrastructure to meet anticipated demand surges.
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