Walmart associates celebrate during the opening bell ceremony at the Nasdaq Market to celebrate the company’s listing transfer, in New York City, U.S., December 9, 2025.
Image: REUTERS/Brendan McDermid
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Nvidia nears deal to invest $20 billion in OpenAI funding round
Nvidia is nearing a deal to invest roughly $20 billion in OpenAI as part of its latest funding round, a person familiar with the matter told Reuters on Tuesday. ChatGPT maker OpenAI is looking to raise up to $100 billion in its latest funding round, valuing it at about $830 billion, Reuters had reported last week. Companies, including Amazon and SoftBank Group Corp, are racing to forge partnerships with OpenAI, betting that closer ties with the artificial-intelligence startup would give them a competitive edge in the AI race. The Nvidia-OpenAI deal is not finalised yet, the source said. Bloomberg News reported earlier in the day that Nvidia was nearing a deal with OpenAI.
Walmart hits $1 trillion market value
Walmart (WMT.O), opens new tab became the first retailer ever to hit $1 trillion in market valuation on Tuesday, riding on a year-long rally that has seen its shares rise nearly 26%, placing it among the ranks of Big Tech heavyweights such as Nvidia and Alphabet. Walmart's ascent has been notable as it has managed to tap into a mix of appealing simultaneously to higher-income customers seeking value and convenience, and retaining its core base of lower-income shoppers. The stock has surged 468% over the past decade, outpacing the S&P 500's 264% gain, in part due to that dual strategy, which competitors have struggled to replicate. In the past five years, the retailer has expanded its online marketplace to over half a billion items, launched one-hour delivery, created Walmart+ to rival Amazon Prime, and built a $4-billion advertising business that boosted margins.
Ford and Geely in talks for manufacturing, technology partnership
Ford and China’s Geely are in discussions about a potential partnership, eight people with knowledge of the ongoing talks said, as the world's carmakers look to share heavier technology and manufacturing costs. The companies are in talks to have Geely use Ford factory space in Europe to produce vehicles for the region, three people familiar with the matter said. They have also discussed the potential framework for shared vehicle technologies, including for automated driving, according to two different people with knowledge of the talks.