CNBC DAILY OPEN: THE AI INDUSTRY'S 'HAPPY FEW'
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✍️ Companies touting their artificial intelligence products dominated the Promenade at the World Economic Forum annual meeting in Davos, with OpenAI unveiling a partnership with AMD and Figma's shares surging.
👉 OpenAI unveiled a partnership with AMD, deploying 6 gigawatts of AMD's Instinct graphics processing units to power its AI infrastructure. 👉 Figma's shares surged 7% after CEO Sam Altman promoted the design software vendor's technology. 👉 The partnership between OpenAI and AMD adds to the circular nature of AI's corporate economy, where companies trade capital, equity, and compute among themselves. 👉 Analysts fear that this model could face strain if any link in the chain starts to weaken.
-- #ArjunKharpal #SamAltman #MacKenzieSigalos #PaulTudorJones #AdamGalica #YunLi #Davos #Switzerland #technology
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