CNBC's Becky Quick reports on the latest news.
Federal Reserve Chairman Jerome Powell stated that the central bank isn't in a hurry to make moves and will lower interest rates "over time," emphasizing the overall economic strength. He reiterated his belief that inflation will continue to move towards the Fed's 2% target.
Japan's SoftBank is reportedly planning to invest in OpenAI's multi-billion dollar funding round. The $500 million investment would come from the bank's Vision Fund, The Information reported Monday (Sept.
Japanese telecom company SoftBank will invest $500 million in OpenAI's latest funding round, The Information reported on Monday, citing a person familiar with the deal.