Reddit surged on an OpenAI alliance. AMD rose on a report that Microsoft Azure will offer customers access to its AI chips.
Reddit will give artificial intelligence startup OpenAI access to its data. Reddit stock jumped, moving toward an aggressive entry.
German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S. companies, Germany's defence industry association said. Hans Christoph Atzpodien, head of the Bundesverband der Deutschen Sicherheits- und Verteidigungsindustrie (BDSV), said the U.S. defence industry had, under government pressure, widely shed their dependency on Beijing in recent years. German arms producers have not been forced to follow suit, but are bound to come under pressure to do so sooner or later, Atzpodien said.