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OpenAI CEO Sam Altman during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023.

SeongJoon Cho | Bloomberg | Getty Images

Leaders at OpenAI, Anthropic, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC.

OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Google President Ruth Porat all attended the meeting, which focused on bringing the public and private sectors together to talk about artificial intelligence‘s energy usage, data center capacity, semiconductor manufacturing, and grid capacity, sources familiar with the meeting confirmed.

An OpenAI spokesperson told CNBC that the company believes building additional infrastructure in the U.S. is critical to the country’s industrial policy and economic future. “We appreciate the White House convening this meeting as it is a recognition of the priority of infrastructure to create jobs, help guarantee that the benefits of AI are widely distributed, and ensure America will continue to be at the forefront of AI innovation,” the OpenAI spokesperson said.

OpenAI shared its economic impact analysis with Biden-Harris administration officials, including the estimated impacts on jobs and gross domestic product of building a large-scale data center in sample states across the U.S. such as Wisconsin, California, Texas and Pennsylvania, a source familiar told CNBC.

CNN first reported on the meeting.

“President [Joe] Biden and Vice President [Kamala] Harris are committed to deepening U.S. leadership in A.I. by ensuring data-centers are built in the United States while ensuring the technology is developed responsibly,” White House spokesperson Robyn Patterson told CNBC.

Commerce Secretary Gina Raimondo and Energy Secretary Jennifer Granholm also attended Thursday, according to a source familiar.

The meeting included U.S. National Security Advisor Jake Sullivan; Ali Zaidi, national climate advisor; Kristine Lucius, domestic policy advisor to the vice president; and John Podesta, senior advisor to the president for international climate policy. White House chief of staff Jeff Zients and White House deputy chief of staff Bruce Reed also attended, according to a source.

The news follows an announcement in August that OpenAI and Anthropic will let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the industry about safety and ethics in AI.

The institute, housed within the Department of Commerce at the National Institute of Standards and Technology, said in a press release at the time that it would get “access to major new models from each company prior to and following their public release.”

The group was established after the Biden-Harris administration issued the U.S. government’s first-ever executive order on artificial intelligence in October 2023, requiring new safety assessments, equity and civil rights guidance and research on AI’s impact on the labor market.

OpenAI is reportedly in talks to raise a funding round that would value the company at more than $150 billion. Anthropic, founded by ex-OpenAI research executives and employees, was most recently valued at $18.4 billion. Anthropic counts Amazon as a leading investor, while OpenAI is heavily backed by Microsoft.

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Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

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November 3, 2025

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Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol

Representation of Ethereum, with its native cryptocurrency ether.

Dado Ruvic | Reuters

Ether fell as much as 9% on Monday, slipping below its critical $3,600 support level, shortly after a multimillion dollar hack affected a protocol on the token’s native network. 

The cryptocurrency, which is issued on Ethereum, was last down 6.6% at around $3,600, CoinMetrics data shows. That’s roughly 25% off its high of $4,885 hit on August 22. 

The coin’s tumble came after Ethereum-based decentralized finance protocol Balancer on Monday lost possibly more than $100 million in a hack. The exploit marks the latest in a series of bearish events that have put digital assets investors on tenterhooks over the past few weeks.

In mid-October, U.S. President Donald Trump announced “massive” tariffs on China over its restriction of rare earth exports, kicking off investors’ flight from crypto to risk-off assets such as gold. And although the president later walked back that threat, his comments sparked a sell-off that triggered cascading liquidations of highly leveraged digital asset positions. 

Last week, Federal Reserve Chair Jerome Powell cautioned investors about expecting future rate cuts, adding to existing bearish market sentiment.     

“These events have put investors on uneasy footing as we roll into November,” Juan Leon, senior investment strategist at Bitwise, told CNBC. “Macro volatility notwithstanding, this October’s drawdown appears to have been a healthy, albeit sharp, de-leveraging event that flushed speculative excess from the market.”

Some stocks linked to digital assets are also coming under pressure. Coinbase shares were down nearly 4%, while Bitcoin treasury firm Strategy edged down more than 1%.   

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Nvidia adds nearly $100B in market cap in a matter of days. Here is what’s going right

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November 3, 2025

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Nvidia adds nearly 0B in market cap in a matter of days. Here is what's going right

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Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

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November 3, 2025

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Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips

In this photo illustration, a person is holding a smartphone with the logo of US GPU hardware company Lambda Inc. (Lambda Labs) on screen in front of website.

Timon Schneider | SOPA Images | AP

Cloud computing startup Lambda announced on Monday a multibillion-dollar deal with Microsoft for artificial intelligence infrastructure powered by tens of thousands of Nvidia chips.

The agreement comes as Lambda benefits from surging consumer demand for AI-powered services, including AI chatbots and assistants, CEO Stephen Balaban told CNBC’s “Money Movers” on Monday.

“We’re in the middle of probably the largest technology buildout that we’ve ever seen,” Balaban said. “The industry is going really well right now, and there’s just a lot of people who are using ChatGPT and Claude and the different AI services that are out there.”

Balaban said the partnership will continue the two companies’ long-term relationship, which goes back to 2018.

A specific dollar amount was not disclosed in the deal announcement.

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Founded in 2012, Lambda provides cloud services and software for training and deploying AI models, servicing over 200 thousand developers, and also rents out servers powered by Nvidia’s graphics processing units.

The new infrastructure with Microsoft will include the NVIDIA GB300 NVL72 systems, which are also deployed by hyperscaler CoreWeave, according to a release.

“We love Nvidia’s product,” Balaban said. “They have the best accelerator product on the market.”

The company has dozens of data centers and is planning to continue not only leasing data centers but also constructing its own infrastructure as well, Balaban said.

Earlier in October, Lambda announced plans to open an AI factory in Kansas City in 2026. The site is expected to launch with 24 megawatts of capacity with the potential to scale up to over 100 MW.

OpenAI signs $38B deal with Amazon: Here's what to know

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