economy
CNBC Daily Open: Markets caught between oil jitters and AI optimism
The world watches oil prices surge past $82 per barrel and the U.S. Strategic Petroleum Reserve dip to its lowest level since 1983.
TL;DR
- Oil prices are rising, with Brent crude surpassing $87 and WTI futures reaching $82, driven by supply concerns linked to Iran.
- The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels, its lowest point since 1983.
- Nvidia is collaborating with firms to establish AI chips as a new asset class, seeking over $500 billion in capital.
- Meta is open-sourcing its advanced AI models, including Muse Spark 1.2 and the new Muse Glimmer family.
- Hollywood films like 'Spider-Man: Brand New Day' and 'The Odyssey' are performing well in the Chinese market.