reply 3/ And now, RENDER is a supported payment method.
Generate with GPT Image 2, Nano Banana, Bytedance Seed3D, Kling, and 30+ other models, and pay in RENDER instead of a card.
http://otoy.studio/pricing
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Top Overnight News
Iran will halt its own attacks as long as the United States does the same, a senior Iranian official told Reuters on Sunday. The development comes as the United States pressed pause on its bombing campaign after President Donald Trump's advisers told him they were running out of targets and expressed worries about depleting the U.S. arsenal. RTRS
A US appeals court refused the DOJ’s request to let federal officials move ahead with Trump’s mail-voting overhaul ahead of the November midterm elections. BBG
DeepSeek is said to have told prospective investors it’s pausing a fundraising round, after comments widely attributed to its founder about US-China AI competition went viral. BBG
CXMT jumped 466% in its Shanghai debut after the chipmaker raised $9.8 billion in its IPO, turning it into China’s largest onshore-listed company. BBG
The ECB will have to raise interest rates at least one more time to ensure that inflation risks don’t spin out of control, Governing Council member Peter Kazimir said. BBG
The Agriculture Department is lifting a more than yearlong ban on Mexican cattle imports, a move that could ease soaring beef prices. The U.S. plans to resume importing Mexican cattle at the port of entry in Douglas, Ariz., in 30 days and eventually open two additional ports of entry in New Mexico.
Big Companies Are Starting to Hire Again, Defying Predictions of AI Wipeout. After a year of holding back on new hires, companies from tech and transportation to defense now say they need more people to work alongside AI. WSJ
Employers fear labor shortage as many immigrants lose protected status. A recent Supreme Court ruling cleared the way for the Trump administration to end a humanitarian program that has allowed about 1 million immigrants to work illegally in the US. NYT
Nvidia is in talks to provide a guarantee of as much as $250 billion to help OpenAI lease computing from a data center project in Ohio, people familiar said. BBG
Mirroring the pre-election patterns in uncertainty, volatility, and investor flows, US equities have typically traded sideways in the few months ahead of midterms. US equity returns are generally modest during this part of the calendar year but have been weaker on average in midterm election years. During midterm election years of the past few decades, the S&P 500 has generated a median return of 0% from the start of August through Election Day. Returns have typically improved as uncertainty subsided post-election, with the S&P 500 returning a median of 6% in the subsequent 3 months. Goldman Research
Sources say Bipartisan Senate talks over funding federal agencies past the 30th September deadline are trending in the right direction: Punchbowl
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MEDIA-SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders- Bloomberg News
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*SOFTBANK’S $40B LOAN FOR OPENAI STAKE GETS 21 NEW LENDERS
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Nvidia in talks to backstop $250B worth of OpenAI DC financing.
- Softbank’s SB energy develops 10 GW Ohio campus
- OpenAI signs long term lease
- $NVDA guarantees $250B in financing
- OpenAI discussing separate agreement to buy up to $350B in Nvidia chips.
Not quite sure if this circular financing is healthy long term, but given the massive size of AI infrastructure spending…
Feels like capex beneficiaries will be extremely happy.
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Nvidia $NVDA is reportedly in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project in southern Ohio
The site is a 10-gigawatt campus developed by SoftBank's energy subsidiary, 50 miles south of Columbus. Total project cost, including chips, could exceed $500 billion, reportedly the largest data center project ever announced.
OpenAI has no investment-grade credit rating, Nvidia backing would let the project's developer raise debt on far better terms than OpenAI could secure alone.
Nothing is finalized. Terms could still change - WSJ
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*NVIDIA IN TALKS TO PROVIDE $250 BILLION FINANCIAL BACKSTOP FOR OPENAI DATA CENTER IN OHIO, SOURCES SAY -- WSJ
*BACKSTOP IS PART OF OPENAI'S BID TO WORK WITH SOFTBANK ON WHAT COULD BE THE LARGEST DATA CENTER IN THE U.S., SOURCES SAY -- WSJ
*NVIDIA WOULD GUARANTEE FINANCING VEHICLES FOR DATA CENTER THAT COULD COST SOME $500 BILLION IN TOTAL, SOURCES SAY -- WSJ
$NVDA
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*NVIDIA IN TALKS TO PROVIDE $250 BILLION FINANCIAL BACKSTOP FOR OPENAI DATA CENTER IN OHIO, SOURCES SAY -- WSJ
*BACKSTOP IS PART OF OPENAI'S BID TO WORK WITH SOFTBANK ON WHAT COULD BE THE LARGEST DATA CENTER IN THE U.S., SOURCES SAY -- WSJ
*NVIDIA WOULD GUARANTEE FINANCING VEHICLES FOR DATA CENTER THAT COULD COST SOME $500 BILLION IN TOTAL, SOURCES SAY -- WSJ
$NVDA
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The entire tech industry (save for Anthropic) has come out in favor of open source AI.
So what happens next? Will Anthropic change its lobbying efforts? Not likely. Now the gaslighting begins:
“Nobody is trying to ban open source.”
“We just want to limit who can use it.”
“We just want to limit who can contribute to it.”
“We just want to limit how powerful those models can be.”
“We just want to make sure the guardrails (we lobbied for) can’t be removed.”
The net effect will be the same. They won’t stop until they kneecap open source. The rest of the industry needs to watch these guys like a hawk.
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Translation7/23news
TASS: The European Union has included in its 21st package of sanctions a ban on European businesses conducting transactions with two Russian ports and four airports – the Council of the EU
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Hanami7/22news
CNBC: Senate crypto bill would ban federal officials — including presidents — from issuing digital assets
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CNBC7/22news
Senate crypto bill would ban federal officials — including presidents — from issuing digital assets