Here are the most important news items that investors need to start their trading day:
1. Cloudy days in September
2. Shutdown threat looms
3. Hollywood writers make a tentative deal
4. Amazon bets big in AI race
Amazon is placing a major wager on the development of artificial intelligence. The e-commerce titan will invest $4 billion in AI company Anthropic, which makes chatbots that rival OpenAI’s ChatGPT. The deal will include a strategic partnership that makes Amazon Web Services Anthropic’s primary cloud provider and gives AWS customers new capabilities through Anthropic. The bet allows Amazon to dig further into AI development, as it tries to keep pace with rivals like Microsoft and Alphabet.
5. Credit card losses surge
– CNBC’s Yun Li, Rebecca Picciotto, Sarah Whitten, Arjun Kharpal and Michelle Fox contributed to this report.
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