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Saudi national Abdulrahman Alfozan is charged with planting a recording device in a conference room at artificial intelligence giant OpenAI.

Saudi national Abdulrahman Alfozan is charged with planting a recording device in a conference room at artificial intelligence giant OpenAI.

Saudi national Abdulrahman Alfozan is charged with planting a recording device in a conference room at artificial intelligence giant OpenAI.

Saudi national Abdulrahman Alfozan is charged with planting a recording device in a conference room at artificial intelligence giant OpenAI.

Saudi national Abdulrahman Alfozan is charged with planting a recording device in a conference room at artificial intelligence giant OpenAI.

(RTTNews) - Following the sell-off seen during Thursday's session, stocks moved back to the upside during trading on Friday. The tech-heavy Nasdaq showed a notable rebound, although the Dow saw continued weakness.

Bloomberg:
Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total  —  OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter.

Tech industry fears delays to its multi-trillion dollar infrastructure buildout meant to power artificial intelligence

Several newly elected Democrats and Senator Bernie Sanders have renewed calls for datacenter moratoriums in the days after the US midterm elections. The sweeping Democratic victory, which was buoyed in part by backlash to the tech industry, has added momentum to efforts to slow down the multi-trillion-dollar buildout of the controversial facilities.

On the social media platform X, Sanders posted a call for an immediate national datacenter moratorium this week. “Americans don’t want Big Tech oligarchs wrecking the environment, gutting jobs and threatening humanity’s future,” Sanders said on Wednesday.

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