Good morning from OWITH.ai: the podcast that gives you only what's important to hear in the AI and tech world.Let's dive into the recent developments from the Fortune Global Forum in Riyadh, Saudi Arabia. This event brought together key financial leaders to discuss the evolving landscape of global exchanges amid the rise of cryptocurrencies and alternative investment platforms. Notable figures like Barclays CEO C. S. Venkatakrishnan and Standard Chartered CEO Bill Winters shared their insights. Although some participants could not attend in person, they joined virtually for engaging discussions.The forum highlighted a resurgence in Initial Public Offerings after challenging years. Nasdaq hosted major U.S. listings like CoreWeave and Figma, raising $1.5 billion and $1.2 billion, respectively. Yet, Hong Kong outpaced the U.S., with CATL's secondary listing raising a substantial $5.5 billion, showcasing intense global competition for IPOs.In this competitive environment, traditional exchanges are facing growing competition from alternative platforms as investors explore cryptocurrencies and other exotic instruments. Exchanges are increasingly collaborating to maintain relevance amidst these changes.Shifting gears to venture capital developments, Lightspeed Venture Partners is reorienting its focus away from China amidst U.S.-China trade tensions, emphasizing security and critical infrastructure investments elsewhere. Significant funding rounds for companies like Fireworks AI and Whatnot reflect continued interest in AI-powered platforms across industries.Transitioning now to urbanization trends, significant developments were discussed at the Fortune Global Forum regarding Saudi Arabia's transformation into an urban society. Urban development leader Fahd bin Abdulmohsan Al-Rasheed emphasized urban areas as innovation hubs, with a goal of attracting 400,000 global executives to the kingdom in the coming years.Meanwhile, artificial intelligence continues to impact job markets as companies like Amazon and UPS reduce white-collar positions due to AI advancements. Seasonal hiring remains limited amid economic uncertainty. In a related development, NVIDIA's shares surged following President Trump's announcement of potential talks with China's President Xi Jinping regarding Blackwell chips.In tech industry news, OpenAI announced its restructuring into a for-profit entity with Microsoft acquiring a 27% stake valued at approximately $135 billion. This deal grants Microsoft access to OpenAI's technology and research intellectual property until 2032 or until AGI verification by an independent panel.Additionally, Nvidia has taken a $1 billion stake in Nokia to supply AI computers for Nokia's 5G and 6G networks, marking a strategic shift for Nokia toward mobile networks and data centers.Uber revealed plans to deploy 100,000 autonomous vehicles worldwide by 2027, partnering with Nvidia for technological support. This reflects Uber's aggressive strategy in the global robotaxi race.In other tech news, PayPal is partnering with OpenAI to facilitate transactions via ChatGPT starting in 2026. Meanwhile, Apple reached a market valuation of $4 trillion, joining Nvidia and Microsoft in this achievement.Finally, addressing security concerns around AI web browsers like OpenAI's new launch highlights ongoing challenges as AI technology continues to evolve rapidly.That wraps up today's updates on significant movements in AI integration across industries and strategic partnerships in telecom and autonomous vehicle sectors. Stay tuned for more insights on how these developments shape the future landscape of technology and innovation.

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