The deal, which will see Nvidia start delivering chips as soon as late 2026, will involve two separate but intertwined transactions

International News via Reuters:

Chipmaker Nvidia will invest up to $100 billion in OpenAI and provide it with data center chips, the companies said on Monday, a tie-up between two of the highest-profile leaders in the global artificial intelligence race.

The deal, which will see Nvidia start delivering chips as soon as late 2026, will involve two separate but intertwined transactions, according to a person close to OpenAI.

The startup will pay Nvidia in cash for chips, and Nvidia will invest in OpenAI for non-controlling shares, the person said.

The first $10 billion of Nvidia’s investment in OpenAI, which was most recently valued at $500 billion, will begin when the two companies reach a definitive agreement for OpenAI to purchase Nvidia chips

Nvidia did not respond to immediate requests for clarification about the deal. The pact is among a spate of agreements between major technology players that includes years of investment in OpenAI from Microsoft and a deal last week between Nvidia and Intel to collaborate on AI chips.

The two companies signed a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of Nvidia chips for OpenAI’s AI infrastructure. 

They aim to finalize partnership details in the coming weeks, with the first deployment phase targeted to come online in the second half of 2026.

“Everything starts with compute,” OpenAI CEO Sam Altman said in a statement.

“Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale.”

Nvidia shares were up 4.4% while shares of Oracle, which partners with OpenAI, SoftBank and Microsoft on the $500 billion Stargate AI data center project, gained nearly 5%. 

Nvidia’s investment comes days after it committed $5 billion to struggling chipmaker Intel.

OpenAI and its backer, Microsoft, also announced earlier this month that they have signed a non-binding deal for new relationship terms that would allow for OpenAI’s restructuring into a for-profit company.

Nvidia also backed OpenAI in a $6.6 billion funding round in October 2024. However, the world’s most valuable firm making another sizeable investment in OpenAI could lead to antitrust scrutiny.

The Trump administration has taken a much lighter touch on competition issues compared with former President Joe Biden’s antitrust enforcers.

In June 2024 the Justice Department and the Federal Trade Commission reached a deal that cleared the way for potential antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry.

Reporting by Arsheeya Bajwa in Bengaluru and Deepa Seetharaman and Stephen Nellis in San Francisco; Editing by Tasim Zahid and Anil D’Silva

Almost no one had expected this response in a year that has seen the event’s host country – and the world’s wealthiest – set to a climate-denying agenda

International News via Reuters:

When Climate Week kicks off on Sunday in New York City, it will mark the event’s biggest year yet – with organizers reporting a record number of companies participating and more events than ever to attend.

Almost no one had expected this response in a year that has seen the event’s host country – and the world’s wealthiest – set to a climate-denying agenda of boosting fossil fuels, rolling back pollution regulation and defunding U.S. science and climate action.

Organizers of Climate Week even wondered, “Would people show up?” said Climate Group Chief Executive Officer Helen Clarkson.

“Actually, there’s huge enthusiasm for it,” Clarkson said.

Held alongside the U.N. General Assembly since 2009, this year’s Climate Week showcases more than 1,000 events – including presentations, panel discussions and swanky cocktail parties – hosted by environmental nonprofits, companies and philanthropists hoping to generate deals and discussion around protecting the planet. 

Last year’s Climate Week, by comparison, saw about 900 events.

The boost in engagement has come “precisely as an antidote to the current U.S. administration’s attitude toward climate change,” former U.N. climate chief Christiana Figueres told Reuters in an interview.

Ten years ago, Figueres helped to craft the 2015 Paris Treaty under which countries agreed to hold the global temperatures to within 2 degrees Celsius of the preindustrial average while aiming for a more ambitious target of 1.5 degrees Celsius.

But while national governments were pushing the climate agenda 10 years ago, Figueres said, the situation has since drastically changed.

“The pull now is coming from stakeholders, from the real economy, from market forces that are pulling forward,” Figueres said.

The Swiss carbon capture firm Climeworks has booked itself for nearly four times the number of events this year compared with last year, after the company in February raised $162 million toward improving its technology and growing the company, Co-Chief Executive Christoph Gebald said.

“We’re continuing to see demand increase for carbon removals,” Gebald said. For Climate Week, “the level of interest from the most senior levels of companies is higher than ever.”

Many major fossil fuel companies and some oil-dependent governments, however, have made moves toward reversing previous climate commitments.

A DIFFERENT WORLD

With the U.N. General Assembly meeting at the same time, Climate Week has developed into a major networking opportunity for CEOs and investors to rub elbows with visiting world leaders.

The Assembly will take up the climate change issue on Wednesday, when Secretary-General Antonio Guterrez hosts a special “climate summit.” Many leaders are expected to announce new climate targets, or Nationally Determined Contributions.

Neither the U.S. nor the European Union will be among them, despite having acted as leaders of the global climate agenda in the past. Instead, China, COP30 host Brazil and other fast-developing nations have taken a more active role in setting the agenda.

China’s emissions-reduction plan could also be announced any day but may underwhelm on ambition, climate sources said.

Meanwhile, the European Union is still struggling to reach agreement about how ambitious those targets should be – raising tensions about whether Brazil’s COP30 summit starting in only seven weeks will succeed.

“Historically, Europe has been in the front, both when it comes to taking ambitious targets … also on the financial side of the international agreements,” Danish climate minister Lars Aagaard said. But “Europe’s role in the world has changed. We are 6% of global emissions. So therefore, there is also a call from our side that all parties to the Paris Agreement also should lift their responsibility.” 

The region is nevertheless seeing fast progress in its energy transition, with the EU projecting a 54% reduction in its greenhouse gas emissions by 2030 from 1990 levels – meaning member countries are nearly on track for the EU’s previous 55% target for 2030.

With leaders at November’s COP30 set to focus on boosting implementation of promises made in the past, experts say companies need to be in the conversation now.

More than half of the world’s biggest companies have pledged to reach net-zero emissions by mid-century, in line with the world’s climate goal, according to data from the non-profit Net-Zero Tracker.

But according to an analysis by the TPI Global Climate Transition Centre at the London School of Economics and Political Science, a whopping 98% of companies have shared no plans for aligning their spending with those commitments.

“The challenge for New York Climate Week and beyond is to ensure that individuals and institutions come together in new ways to reimagine how we can cooperate against common threats,” said Rajiv Shah, president of The Rockefeller Foundation.

A survey released on Thursday by the foundation that questioned 36,348 people worldwide estimated that most of the world’s population – a full 86% – believed international cooperation was crucial for climate action.

Reporting by Simon Jessop in London, Katy Daigle in Washington, D.C., and Kate Abnett in Brussels; Additional reporting by Axel Threlfall in London; Editing by Mark Porter

The partnership will include campaigns tied to Netflix’s shows such as UK drama “The Gentlemen” and South Korea’s “Culinary Class Wars”

International News via Reuters:

Netflix and Anheuser-Busch InBev have signed a global co-marketing deal to promote the streaming platform’s most-watched titles and the brewer’s beers, the companies said on Monday.

The partnership will include campaigns tied to Netflix’s shows such as UK drama “The Gentlemen” and South Korea’s “Culinary Class Wars,” as well as limited-edition packaging and digital promotions.

The companies have not disclosed the financial details of the partnership.

AB Inbev, which makes Budweiser, Stella Artois and Corona beers, will advertise on Netflix’s live shows such as the NFL’s Christmas Day broadcast and collaborate on marquee events including the 2027 Women’s World Cup soccer tournament.

Netflix’s growing push into live sports has given the platform new opportunities to attract sponsorship and advertising from global brands seeking large viewership.

The agreement comes as Netflix’s advertising business now reaches more than 94 million users globally, roughly two years after launch. While still in the early phases, the ad tier is increasingly seen as a potential growth engine for the streaming platform.

“Streaming is a social and shared experience — it’s an occasion where beer and entertainment come together,” said Marcel Marcondes, Global Chief Marketing Officer of AB InBev.

Reporting by Kritika Lamba in Bengaluru; Editing by Sahal Muhammed

The virus was detected on a goose farm and a turkey farm in the town of Susz

International News via Reuters:

Poland has reported an outbreak of highly pathogenic H5N1 bird flu on two poultry farms in the north of the country, the World Organisation for Animal Health said on Monday, as Europe faces a seasonal upturn in the deadly disease.

The virus was detected on a goose farm and a turkey farm in the town of Susz, and killed around 4,000 birds, the Paris-based WOAH said, citing a report from the Polish authorities.

Poland last week signed an agreement with China with the aim of restarting poultry trade halted since a previous wave of bird flu in the past year.

Reporting by Gus Trompiz; Editing by Jan Harvey