Happy Sunday! What likely would have been a slow and shortened week was upended by the drama at OpenAI this past week, which ended up with Sam Altman back at OpenAI. While we still don’t have details on what the new governance/board structure will look like, it seems mostly to have ended where it started with OpenAI/MSFT’s tight partnership continuing to lead the GenAI race. No doubt competitors will try to capitalize on the disruption (if any?) and we’ll likely hear AMZN talk up their multi-LLM approach to GenAI at Re-invent this week and we saw GOOGL launching a price matching campaign to win over OpenAI customers (WSJ), providing cloud credits if customers use its AI software and offering assistance switching to its platform.
Other than that, NVDA’s earnings didn’t provide much for either the bulls or bears to settle the demand sustainability debate (more on that below).
We got a few Black Friday datapoints so far which so far are looking solid:
Mastercard Spending Pulse showed onl…
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