Market Movements

The S&P 500 hits a new milestone while the dollar weakens and bitcoin rises. Tensions escalate as regulators scrutinize Microsoft’s ties to OpenAI, leading to significant shifts in their observer roles. Meanwhile, CNN announces job cuts and a pivot to digital, while Andreessen Horowitz ramps up its investment in AI startups with a massive GPU acquisition plan. Musk's XaI faces hurdles, opting to develop its own AI system instead of renting chips from Oracle.