No more than a day after I reported about Apple getting into the $4 trillion valuation club, and mentioned that Nvidia was the first member of that elite group…things have changed. Cnbc.com reports that Nvidia has just pierced the $5 trillion valuation mark. The stock was up 3% Wednesday, which gets them across the line. The latest move higher comes shortly after CEO Jensen Huang said Nvidia expects $500 billion in AI chip orders and announced plans to build seven new supercomputers for the U.S. government. The stock price, which closed up 5% in the previous session, has climbed nearly 50% year-to-date.

I am pretty happy with my ‘dumb’ fridge, and have friends and neighbors that are as well. Meanwhile, appliance makers are forging ahead with more ‘smart’ refrigerators…and now comes the inevitable…Samsung has fridges with integrated displays. If you guessed that they are going to start serving ads on the displays, you aced the test! According to macrumors.com, Family Hub refrigerators in the US are getting a widget that shows ads. Samsung is calling it a ‘pilot program,’ and says the promotions and curated advertisements will be ‘offered’ to some fridge owners. Family Hub refrigerators start at $1899, but go up to $3499. They come with 21.5 and 32 inch screens….hey, that’s bigger than my monitor I use with the computer I do these videos on! The initial ads will just be for Samsung products. The ads are opt out…but you know a lot of people won’t be able to figure out how to do that, or won’t take time to try. Oh, boy. I’ll be keeping my old, dumb fridge for a while longer!

This is a big non-newsy story. It finally happened, but the battle over it has been going on for over a year. OpenAI has finally announced that it completed its recapitalization, and is becoming a for-profit corporation. Gizmodo notes that this is in spite of one of the company’s co-founders, Elon Musk. Of course, Musk has his Grok, integrated with the X platform that is AI and definitely not non-profit! Back to OpenAI…the new structure will have 2 separate entities….the OpenAI foundation, which will remain a nonprofit and which will have partial control over OpenAI Group, which is the new ‘public benefit’ corporation. Under the new structure, OpenAI Group will be able to do things that a for-profit entity can (and a non-profit can’t), like raise more money and acquire companies. It will also get its own board of directors, which the Foundation will appoint. OpenAI Foundation will own 26% of the now for-profit OpenAI Group, valued at around $130 billion, and will continue to be granted shares of the company as it grows. Microsoft will hold a 27% stake in the for-profit arm, which is currently valued at about $135 billion. Microsoft also announced that, as a part of this shift, it will continue to hold intellectual property rights to OpenAI models and future products through 2032. The remaining 47% of the company’s stock will be held by other investors and the employees of OpenAI Group.

In an announcement that was a bit light on details, Westinghouse announced it has a deal with the Trump administration to build $80 billion worth of new nuclear reactors for power generation. Arstechnica.com reports that the government has also indicated it has finalized plans with GE Vernova and Hitachi to build the reactors. During Trump’s Japan visit, it was announced that “Japan and various Japanese companies” would invest “up to” $332 billion for energy infrastructure. This specifically mentioned Westinghouse, GE Vernova, and Hitachi. Westinghouse claims the $80 million will be enough to build out 8 reactors, but it is only enough for 5 larger sized reactors. The deal mentions some smaller modular reactors, but right now the Nuclear Regulatory Commission hasn’t approved that type of reactor. 

I’m Clark Reid and you’re ‘Technified’ for now.