U.S. Markets Reach New Records After $100 Billion Nvidia–OpenAI Deal

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 22 September 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Sept. 22. Nvidia announced that it was investing up to $100 billion in OpenAI, sending U.S. indexes to new highs. WSJ tech reporter Robbie Whelan explains the significance of the deal. Plus, more companies are pushing for their employees to get back to the office… but workers are resisting. We hear from Theo Francis, who covers corporate news for the Journal, about why—and how—they’re able to stall in a moment when bosses have more power. And starting tomorrow, Jimmy Kimmel’s late-night show will be back on the air. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get out of the headlines and into real conversations happening inside global organizations with the Executive Insights podcast.
0:07.3	Brought to you by AWS.
0:09.6	Listen in on the Executive Insights podcast, available on all major podcast platforms.
0:18.3	Why NVIDIA is investing $100 billion in Open AI.
0:23.0	Plus, bosses may have more power now, but employees are still pushing back on return-to-office mandates.
0:29.6	The current dynamic where people just aren't going into the office that much more, despite the requirement, could shift as the labor market weakens.
0:38.9	In other words, if it's harder to find or keep a job, people may be much more diligent about coming into the office when they're
0:44.2	supposed to. And Jimmy Kimmel's late night show will be back on the air tomorrow. It's Monday,
0:50.1	September 22nd. I'm Alex Oslov for the Wall Street Journal. This is the PM edition of What's News,
0:56.5	the top headlines and business stories that move the world today.
1:03.8	NVIDIA and OpenAI, two U.S. giants powering America's race for AI superintelligence,
1:09.3	announced an expansive partnership today,
1:11.5	as NVIDIA plans to invest $100 billion into OpenAI.
1:15.5	For more, I'm joined now by Robbie Wieland, who covers tech for the Wall Street Journal.
1:20.1	Robbie, why is this partnership significant?
1:22.7	The first thing is the size of it.
1:24.3	$100 billion is an enormous amount of capital for
1:28.3	NVIDIA to plow into Open AI, which has really become the world's largest private startup company.
1:35.3	The other thing is what the money is intended to fund. So this deal is going to be essentially
1:41.3	Nvidia is investing in Open AI and bulwarking the company's finances
1:46.6	so that it can pay for more AI infrastructure, including chips, data centers, other hardware and
1:52.3	software.
	...

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