Advanced Micro Devices landed a monster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia in the AI computing industry. AMD shares soared as much as 38% after the two companies announced the agreement, marking the stock’s biggest rally in nearly a decade.
OpenAI will deploy 6 gigawatts’ worth of AMD graphics processing units over multiple years, according to the pact, which is just over half the size of an agreement the AI startup recently reached with Nvidia. It also sets the stage for OpenAI to acquire a large stake in the chipmaker. —Natasha Solo-Lyons
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The US Supreme Court Monday rejected a bid by Ghislaine Maxwell to overturn her 2021 sex-trafficking conviction for grooming teenage girls who were abused by disgraced financier Jeffrey Epstein. The 63-year-old British socialite is serving a 20-year prison term. Maxwell argued she was shielded from the charges by language in a non-prosecution agreement Epstein reached in 2007 with federal prosecutors in Florida. She was indicted by a federal grand jury in New York in 2020.
Illinois sued the Trump administration over its plan to deploy National Guard troops to the Chicago area, setting off a fresh legal battle over Trump’s expanding effort to use soldiers in Democratic cities based on false claims of rising violent crime. The lawsuit was filed hours after a judge in Portland, Oregon, issued an emergency order blocking a similar troop deployment to that state. A Portland police official recently testified that federal agents there were “instigating” some confrontations with a handful of largely peaceful protestors outside an immigration enforcement facility. The new lawsuit escalates a growing clash between Democratic-led states and Trump over his unprecedented use of the military in American cities.
As for the shutdown, Trump said he would negotiate with Democrats over health care subsidies, a move that could open the door to resolving the government shutdown that has stretched into a second week. Democratic leaders have refused to agree to funding the government without additional measures that would keep millions of Americans from losing health coverage.
The comments appeared to represent a shift for the White House and Republican leaders, who have insisted that Democrats need to vote to reopen the government before they will engage in negotiations over health insurance tax credits. The Senate is set to vote late Monday for the fifth time on a stopgap bill to keep the government open through Nov. 21.
Sebastien Lecornu unexpectedly resigned as France’s prime minister on Monday, blaming the intransigence of the groups in the country’s fractured parliament and deepening a national political crisis. The move sparked a selloff in French assets with stocks tumbling by the most since late August and the yield on the benchmark 10-year note rising nine basis points to 3.6%. President Emmanuel Macron gave Lecornu 48 hours to negotiate with France’s political parties in a last-ditch effort to prevent the country from falling deeper into crisis.
Outgoing Prime Minister Sebastien Lecornu, left, and French President Emmanuel Macron. Photographer: Benoit Tessier/AFP/Getty Images
Boeing is said to be telling suppliers that 737 Max output could reach a 42-jet monthly tempo as soon as this month, highlighting growing optimism at the planemaker as it works to win approval for the move from US regulators. The company is also laying the groundwork to increase the manufacturing pace again in April and once more in late 2026. Combined, the changes would potentially boost production to about 53 jets a month by the close of next year.
Boeing Co. 737 Max fuselages at the company's manufacturing facility in Renton, Washington Photographer: Bloomberg
