Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips.

The major stock indexes were mixed on Monday, at the outset of another busy week of quarterly earnings reports and the release of key private sector employment data.

From ChatGPT crafting emails, to AI systems recommending TV shows and even helping diagnose disease, the presence of machine intelligence in everyday life is no longer science fiction.