Amazon is nearing a deal to acquire satellite communications company Globalstar as part of its efforts to compete with Elon Musk's Starlink network, according to Bloomberg News reports. The potential acquisition would strengthen Amazon's satellite internet ambitions and expand its presence in the space communications sector.

OpenAI is facing investor scrutiny over its $852 billion valuation as the artificial intelligence company shifts its strategic direction, the Financial Times reported. The questioning comes as OpenAI has acquired AI personal finance startup Hiro, indicating the company is building financial planning capabilities into ChatGPT. The acquisition signals OpenAI's expansion beyond its core language model technology.

Oracle has expanded its partnership with Bloom Energy just days after receiving a $400 million stock warrant from the fuel cell company. The deal involves Oracle purchasing power from Bloom Energy to support its AI data centers, reflecting the growing energy demands of artificial intelligence infrastructure.

Intel's stock is experiencing a historic nine-day winning streak, rising 56% over that period according to CNBC. The surge comes amid broader activity in the AI sector, with Taiwanese stocks also reaching record highs driven by renewed interest in AI-related investments.

The developments highlight the rapid pace of consolidation and investment across the technology sector, particularly in areas related to artificial intelligence infrastructure, satellite communications, and energy systems supporting data center operations.