AMD Rallies 24% on OpenAI Deal & Bari Weiss Takes Over CBS News

The Prof G Markets podcast for October 7th, hosted by Ed Elson, covers the day's market vitals, including the S&P 500's record close, Bitcoin's new high, and Tesla's share increase. The podcast features an interview with Alex Heath about OpenAI's Dev Day, its ambition to integrate apps into ChatGPT, and its compute capacity constraints. The conversation explores OpenAI's deals with AMD and NVIDIA, the potential for advertising in ChatGPT, and the implications of these financial arrangements. Elson then analyzes OpenAI's financial commitments, questioning the sustainability of its spending relative to its revenue and the potential impact on the stock market. Finally, the podcast discusses Paramount's acquisition of The Free Press and Bari Weiss's new role at CBS News, with insights from Scott Galloway on the cultural and economic significance of the deal.