Microsoft is laying out its AI vision, separate from longtime partner OpenAI.
Microsoft's goal is to not have to rely on OpenAI for any of its tech.
That's what they're working toward,
but it's going to take some time for them to separate from OpenAI.
Meanwhile,
investors jitters around artificial intelligence send the NASDAQ to its worst week since April.
And traveler's pain over canceled flights might get even worse.
It's Friday, November 7th.
I'm Alex O'Sullivan for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
It's been a dramatic week in markets.
The AI boom has driven stocks sky-high.
And this week, investors' confidence in that wavered.
Here's Journal Markets reporter Hannah Erin Lang.
Obviously, the AI trade kind of dominates the entire stock market right now.
And it's being powered by these major tech companies that are spending billions and billions of dollars to rapidly build out these capabilities.
And the big question that investors have is,
is all of this money that we're spending going to be worth it?
Is the price that I'm paying for this stock?