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OpenAI says it plans to begin deploying its Jalapeño AI chip, developed with Broadcom, by the end of this year, while also collaborating with accelerators from NVIDIA, AMD, and other partners.Qualcomm (QCOM.O) shares extended gains to 10% in pre-market trading.On September 8th, Qualcomm (QCOM.O) announced a multi-generational collaboration with Amazon (AMZN.O) to provide customized chips for large-scale AI data centers and jointly advance AI inference. The two companies are also collaborating on optical interconnect solutions up to 1.6T and into the next generation. Qualcomm plans to deepen its use of AWS AI infrastructure, including Amazon Bedrock, for electronic design automation (EDA) workloads, aiming to shorten chip design cycles. Qualcomm President and CEO Cristiano Amon stated that the accelerating demand for AI necessitates breakthroughs in both computing and connectivity for data center infrastructure, and Qualcomm is pleased to collaborate with AWS on customized chips and connectivity solutions. AWS Vice President Prasad Kalyanaraman stated that this collaboration builds on a strong partnership, with a shared commitment to providing customers with more efficient and cost-effective infrastructure.Qualcomm (QCOM.O) and Amazon (AMZN.O) are developing an optical interconnect solution with a transmission rate of up to 1.6T.Qualcomm (QCOM.O) is collaborating with Amazon (AMZN.O) to develop multiple generations of custom silicon chips to support AWS’s growing artificial intelligence infrastructure.

S&P 500 Struggling to Find Direction Ahead of Powell’s Speech on Wednesday

Steven Zhao

Nov 30, 2022 16:12

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Following encouraging developments in China overnight and U.S. housing statistics that revealed a further drop in home values, the major US stock indices are anticipated to open Tuesday with mixed results.


Investors are putting their faith in China's early exit from COVID-related curbs.


Tuesday's early loss in the broad S&P 500 and NASDAQ Indexes was reversed after China reported a drop in new COVID-19 infections for the period ending November 28. According to CNBC calculations using Wind Information data, the nation reported that local illnesses, the majority of which lacked symptoms, totaled 38,421, down from a record high of 40,052 reported on Sunday.


The data showed that on November 19, the daily case count decreased from the day before.


On Monday, there was also no sign of any fresh demonstrations. Students and other groups protested the strict zero-COVID policy in China over the weekend by holding rallies in front of the public.


As a result of this announcement, markets rose overnight on expectations that China might lift its COVID restrictions sooner than expected.

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