Nvidia plans to invest in OpenAI in stages without obtaining controlling rights
Jinse Finance reported, citing sources, that Nvidia (NVDA.O) is making phased equity investments in OpenAI. According to the phased investment plan, Nvidia will invest 10% when the first gigawatt-level computing power is deployed. Nvidia's equity investment in OpenAI does not grant it control; OpenAI's nonprofit parent company will retain the majority of governance control.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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