“Brotherhood” in the AI ​​industry

“We are a small number, a happy few, we are a group of brothers.” Shakespeare’s cry of King Henry V in the face of the Battle of Agencourt could be said to be the motto of today’s artificial intelligence elites.

Last night, OpenAI announced its partnership with AMD, introducing the latter 6 Gigawatt Instinct graphics processing unit to power AMD’s AI infrastructure. The agreement includes a warrant allowing OpenAI to acquire up to 10% of AMD’s shares, highlighting the deepening of alliances across the AI ​​hardware competition.

This is based on a $100 billion agreement with OpenAI. NvidiaThe day came on the day Figma’s stock price skyrocket after CEO Sam Altman promoted the design platform at an on-stage demonstration.

But as my US colleagues pointed out, the OpenAI and AMD arrangement adds a new direction to the increasingly cyclical nature of AI’s corporate economy, with capital, capital and computing trajectories building and driving technology among the same few companies.

Nvidia provides funding to buy tips. Oracle helps you build the site. AMD and Broadcom are entering as suppliers. OpenAI supports demand.

This is a closely intertwined circular economy, and analysts fear that if something in that chain begins to weaken, they could face serious tensions.

As the AI ​​arms race accelerates, questions are rising as to whether this “brotherhood” can carry the expectations of the entire industry.

And, like in the battles of Ajncourt, will they be remembered as influences on the AI ​​field rather than their numbers?

— MacKenzie Sigalos of CNBC contributed to this report.

OpenAI and AMD have announced their partnership. This could potentially cause Sam Altman’s company to acquire 10% stake in the chipmaker. OpenAI will deploy AMD’s 6 Gigawatt Instinct graphics processing unit over multiple generations of hardware over multiple years. AMD stock price rose 23.71% on Monday following the news.

China’s growth forecast has been revised upwards. Following the summer when uncertainty over US tariffs has shook the world economy, the World Bank raised China’s 2025 growth forecast on Tuesday as part of a general boost to East Asia’s forecast.

Tesla announces potential new model Tesla shares rose more than 5% on Monday after the electric car maker posted a teaser video on the X, causing speculation that the company is preparing for the launch of a new car.

The Nikkei average hit a new record high for the second day in a row. The Nikkei Stock Average hit a record high in trading for the second day in a row, following the rise in tech stocks on Wall Street and the tailwinds of semiconductor stocks. On Monday, the S&P 500 and Nasdaq have strengthened their optimism about an increase in M&A activity following the announcement of two major deals, including OpenAI and AMD partnerships.

(PRO) Osung Kwon of Wells Fargo Securities, whose AI sentiment controls revenue, expects artificial intelligence to dominate the third quarter financial season. Kwon, the company’s chief equity strategist, told CNBC’s “Fast Money” on Monday that he “is not very excited about anything other than AI.”

Japanese bond vigilantes strengthen fiscal easing after Takaichi Sanae wins party vote

Japan’s government bond market, which has long been protected by the Bank of Japan’s yield curve control and decades of deflation, is facing a trial of faith under Takaichi Sanae, who is expected to become Japan’s first female prime minister.

The market expects Takaichi, who won the race that led Japan’s ruling LDP on Saturday, will merge aggressive fiscal policies with still dove-based central banks in fostering growth. This combination could boost long-term yields and could potentially stem the curve of Japanese government bonds.

— Lee In-Shan