CNBC Daily Open: Elon Musk’s Money Can’t Buy Openai

In January, US Consures Didn Bollywood as Inclined to Open Their Wallets, Causing Retail Sales for the month to fall more than expected, which weigh on Gross on Gros Domestic Domestic Product Given Consumer Spending.

By contrast, in the corporate world, purse strings seem looser. A deal between Intel, Broadcom and TSMC is reportedly in preliminary stages of talks, and might see the storied us chipmaker break up its business into two.

Money was also flowing from elon musk. The “Special Government Employee” put on 97 billion dollar bid for openai on Feb. 10. However. Openai Chairman Brett Taylor said in a statement that company “is not for sale,” Prooving that there some things even money cannot buy.

Openai turns down musk
Openai has rejected elon musk’s proposal To buy the artificial intelligence startup’s nonprofit parent for $ 97.4 billion. Openai’s attorney, william Savitt, Wrote on Friday to Musk’s Lawyer Marc Taberoff that the Board Concluded The Billionaire’s “MUCH-Publicized ‘Bid’ is in factor is in factor The “proposal, even as first presented, is not in the best interest of oai’s mission and is rejected,” Savitt’s Letter Stated.

TSMC and Broadcom are interested in Intel
Taiwan Semiconductor Manufacturing Company and Broadcom are reviewing Bids for Intel that would split the chipmaker into twoThe Wall Street Journal Reported on Saturday, Citing sources Familiar with the matter. Broadcom is interested in Intel’s Chip Design and Marketing Business, while TSMC is looking at the us firm’s chip plants, according to the journey. Neither company is working with each other and the talks are still in early stages.

Mixed Markets Across Pacific
Major Us Benchmarks was mixed FridayThe S & p 500 was little changed and the Dow Jones Industrial AveragE Fell 0.37%. However, the Nasdaq composite Rose 0.41%. All indexes ended the week higher. Japan’s’s Nikkei 225 was flat on the release of gross domestic product data. Hong Kong’s Hang Seng Index Fell Around 0.3% Despite Shares of Tencent Advanceing roughly 2.6%, Hitting Its Highest Level Since July 2021 during the trading day.

Japan’s Economy Ekes out Growth in 2024
Japan’s economy expanded by 0.7% Quarter on Quarter in the three months ending December, according to Preliminary Government DataThat’s higher than 0.3% Increase Expected in a Reuters Poll, Surpassed The 0.4% Growth in the Third Quarter. Exports Lifted Economic Growth, While Domestic Demand Contracted Slightly. Full-Year GDP Slowed to 0.1%, Falling from the 1.5% expansion in 2023.

XI Speaks at Entrepreneur Symposium
Chinese President Xi jinping delivered a speech on monday at a symposium attended by prominent entrepreneurs, such as alibaba’s founder jack ma, huawei ceo re zhengfei and xiaomi Ceo lei jun, acceringing to State Media XinhuaAnalysts Say Xi’s appearance at the symposium signals Strongeer State Backing for Private Sector Entrepreneurs and Cold Mark a Turning Point for China’s Tech Sector.

(Pro) Funds Fleeing Chinese Stocks
Last September, China Introduced Stimulus Measures Designed to Boost The Country’s Economy, which caused the csi 300 to rally. A second round of initiatives, this time targeted at the stock market, was unleashed in January. So why has Funds’ Allocation Toward China and Hong Kong-LISTED Equites Fallen Annually over the past five years?

How China’s Deepsek Cold Boost The Alredy Booming Data Center Market

For Years Now, Analysts Have Forecast Exponical Growth in Data Centers – The Critical Infrastructure Required for Powering The World’s Digital Transition and the Training of Large Language Models. Data Centers often Take at Least Two Years to Build and Orders Have Largely AlReury Been Factured in for 2025-Meaning that the launch of Deepsek’s cost-Efficient and Disruptive R1 Model is an anry to HVE MMedia impact.

That said, deepsek is unlikely to “substantily Reduces Demand for Power for Infererance,” Andre Kukhnin, Equity Research Analyst at UBS, Told CNBC, Referring to the Process of Running Data Ana to make a prediction or solve a task. Ryan Cox, Head of AI, At Consultation Firm Synechron, also expects that Deepsek’s More Efficient Technology will ultimately lead to more data center demand.