UPDATE 1-OpenAI names political veteran Lehane as head of global policy, NYT reports Adds details from paragraph 2 Aug 30 (Reuters) - ChatGPT-maker OpenAI has named political veteran Chris Lehane as its vice president of global policy, the New York Times reported on Friday. Lehane, who is a member of the executive team at OpenAI, was a former policy chief for Airbnb ABNB.O and a member of the Clinton White House.

Wall St Week Ahead-U.S. stock rally broadens as investors await Fed By David Randall NEW YORK, Aug 30 (Reuters) - A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September. As the market's fortunes keep rising and falling with big tech stocks such as Nvidia NVDA.O and Apple AAPL.O , investors are also putting money in less-loved value s

BUZZ-U.S. stocks weekly: On tenterhooks ** S&P 500 .SPX rises third consecutive week, inches up just 0.2% as Nvidia's NVDA.O highly-awaited report dominates the headlines .N ** In the end, vast majority of sectors coolheaded: Financials unflappable, while Technology taken aback ** Financials .SPSY advance 2.9%. Warren Buffett's conglomerate Berkshire Hathaway BRKa.N hits $1 trillion in market value for first time ** Consumer Staples .SPLRCS up 0.8%.

BRIEF-OpenAI Considers Changes To Its Corporate Structure Amid Latest Funding Talks - FT Aug 30 (Reuters) - OPENAI CONSIDERS CHANGES TO ITS CORPORATE STRUCTURE AMID LATEST FUNDING TALKS - FT Source text: https://tinyurl.com/233wm242

US STOCKS-Nasdaq, S&P 500 inch up before Labor Day weekend on rate-cut hopes For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PCE data shows inflation rose 2.5% in July Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Intel up on report chipmaker exploring options Indexes up: Dow down 0.21%, S&P 500 up 0.11%, Nasdaq up 0.28% Updated at 11:42 a.m.

US STOCKS-Wall St up as rate-cut hopes hold firm after inflation data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PCE data shows inflation rose 2.5% in July Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Intel up on report chipmaker exploring options Indexes up: Dow 0.28%, S&P 500 0.65%, Nasdaq 0.89% Updated at 09:44 a.m.

RPT-Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings Repeats Aug. 29 story with no changes By Suzanne McGee Aug 29 (Reuters) - Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia NVDA.O fall grew steadily ahead of the chipmaker's quarterly results , according to data from some of the companies that issued the products.

RPT-BREAKINGVIEWS-Nvidia drives path Tesla would find familiar The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 29 (Reuters Breakingviews) - Chipmaker Nvidia NVDA.O has become huge with astonishing speed. In that sense it’s a bit like electric carmaker Tesla TSLA.O . Both have boasted a huge lead in an industry that is creating dramatic transformation.

RPT-BREAKINGVIEWS-Nvidia drives path Tesla would find familiar The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 29 (Reuters Breakingviews) - Chipmaker Nvidia NVDA.O has become huge with astonishing speed. In that sense it’s a bit like electric carmaker Tesla TSLA.O . Both have boasted a huge lead in an industry that is creating dramatic transformation.

US STOCKS-Futures gain ahead of inflation data as Fed's September meeting looms For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Marvell jumps after forecasting Q3 results above estimates Ulta Beauty tumbles following annual forecast trim Dell gains after raising annual results forecast July PCE data due at 8:30 a.m.

US STOCKS-Futures rise, inflation data in spotlight as Fed's September meeting nears For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.16%, S&P 500 0.38%, Nasdaq 0.65% Aug 30 (Reuters) - U.S. stock index futures traded higher on Friday as investors focused on a crucial inflation report that could influence expectations about the extent of the Federal Reserve's interest-rate cuts this year.

EXCLUSIVE-Amazon turns to Anthropic's Claude for Alexa AI revamp Amazon developing new version of Alexa with generative AI Retailer hopes to generate revenue by charging for its use Concerns about in-house AI prompt Amazon to turn to Anthropic's Claude, sources say Amazon says it uses many different technologies to power Alexa By Greg Bensinger SAN FRANCISCO, Aug 30 (Reuters) - Amazon's revamped Alexa due for release in October ahead of the U.S.

PRESS DIGEST- New York Times business news - Aug 30 Aug 30 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Apple AAPL.O and chipmaker Nvidia NVDA.O are in talks to invest in OpenAI as part of a new deal that would value the San Francisco artificial intelligence start-up at $100 billion.

OpenAI says ChatGPT's weekly users have grown to 200 million Aug 29 (Reuters) - AI startup OpenAI said on Thursday its chatbot ChatGPT now has more than 200 million weekly active users, double the number it had in the last fall season. ChatGPT, launched in 2022, can generate human-like responses based on user prompts and had 100 million weekly active users, OpenAI CEO Sam Altman had said in November.

Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings By Suzanne McGee Aug 29 (Reuters) - Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia NVDA.O fall grew steadily ahead of the chipmaker's quarterly results , according to data from some of the companies that issued the products.

US STOCKS-Dow closes at record high, Nvidia falls after forecast Q2 GDP second estimate shows US economy grows 3% CrowdStrike up after upbeat Q2 revenue Apple gains after Citigroup selects company as top AI pick S&P 500 flat, Nasdaq -0.23%, Dow +0.59% Updates with closing prices By Johann M Cherian and Noel Randewich Aug 29 (Reuters) - The Dow notched a record high close on Thursday in mixed trading following robust U.S.

UPDATE 4-Dell raises forecasts as demand surges for Nvidia powered AI servers Adds comments in paragraphs 4-5, background in paragraphs 6,7,8,13, analyst comment in paragraph 15 By Jaspreet Singh Aug 29 (Reuters) - Dell Technologies DELL.N raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-o ptimized servers that are powered by Nvidia's NVDA.O powerful chips, sending its shares up about 3% in extended trading.

US STOCKS-Dow closes at record high; Nvidia falls after forecast Q2 GDP second estimate shows US economy grows 3% CrowdStrike up after upbeat Q2 revenue Apple gains after Citigroup selects company as top AI pick Updates with market close By Johann M Cherian and Noel Randewich Aug 29 (Reuters) - T he Dow notched a record high close on Thursday in mixed trading following robust U.S.

BRIEF-Nvidia Is Also In Talks To Join The OpenAI Funding Round- Bloomberg Reporter ED Ludlow In Post On X Aug 29 (Reuters) - NVIDIA IS ALSO IN TALKS TO JOIN THE OPENAI FUNDING ROUND- BLOOMBERG REPORTER ED LUDLOW IN POST ON X Source https://tinyurl.com/yjxnwrr3

CORRECTED-US STOCKS-Dow hits record high; Nvidia dips after forecast Corrects to say expected PCE data in paragraph 15 is for July, not June Q2 GDP second estimate shows US economy grows 3% CrowdStrike up after upbeat Q2 revenue Apple gains after Citigroup selects company as top AI pick S&P 500 +0.76%, Nasdaq +0.93%, Dow +1.10% By Johann M Cherian, Noel Randewich and Chuck Mikolajczak Aug 29 (Reuters) - Wall Street stocks rose and the Dow hit a record high on Thursday f ollowing robust U.S.