Business Agreements
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Trump says Apple has agreed to build chips with Intel in the USA
Donald Trump announced on Truth Social that Apple has agreed to work with Intel to design and build its chips in America, and that Nvidia will also build chips with Intel in the USA. While there is no official confirmation from Apple, Intel's stock price rose significantly following the announcement. The article notes that any such deal would be a major win for Intel's customer fab business.
OpenAI breaks out of exclusivity agreements in its partnership with Microsoft
OpenAI has amended its partnership with Microsoft, removing exclusivity clauses that previously bound OpenAI to Microsoft's cloud services. OpenAI can now offer its AI models to other companies and use any cloud provider, though Microsoft remains its primary partner. This change allows for greater flexibility and broader distribution of AI benefits.
Amazon's new USPS deal will see postal deliveries cut by 20 percent
Amazon and the United States Postal Service have reached a tentative agreement that will reduce USPS deliveries by 20 percent, a significant financial blow to the postal service. This deal comes after Amazon initially threatened a much larger cut and follows a period of stalled negotiations. The agreement is subject to approval by the federal Postal Regulatory Commission.