Tuesday newspaper round-up: Nvidia, National Insurance, Heathrow third runway, Orsted
By Michele Maatouk
Date: Tuesday 23 Sep 2025
(Sharecast News) - Nvidia, the chipmaking company, will invest up to $100bn in OpenAI and provide it with data center chips, the companies said on Monday, a tie-up between two of the highest-profile leaders in the global artificial intelligence race. The deal, which will see Nvidia start delivering chips as soon as late 2026, will involve two separate but intertwined transactions, according to a person close to OpenAI. The startup will pay Nvidia in cash for chips, and Nvidia will invest in OpenAI for non-controlling shares, the person said. - Guardian
Rachel Reeves has been urged to take 2p off the rate of employee national insurance and add it to income tax in her autumn budget, to raise billions of pounds while protecting workers' pay packets. Putting forward plans to raise up to £30bn, the influential Resolution Foundation thinktank called on the chancellor to "level the playing field" on how different forms of income are taxed. - Guardian
Pat McFadden, Labour's new welfare chief, has said that his first priority will be to get as many idle young people back into work as possible. In his words, the problem is that large numbers have simply fallen "out of the habit" of employment. "The big danger is if young people get out of the habit and the pattern of work as they're leaving school, then it might be hard to get them back in the future," the Work and Pensions Secretary said last week. - Telegraph
Sir Sadiq Khan has used Gatwick expansion to renew his attack on plans for a third runway at Heathrow. The Mayor of London has suggested that the second Gatwick runway, approved by the Government on Sunday, makes Heathrow's £50bn proposed extension unnecessary. - Telegraph
A federal judge has granted a request by Orsted to restart work on the Danish offshore wind developer's almost-completed Revolution Wind project off Rhode Island, which President Trump halted last month. At the end of a two-hour court hearing in Washington, District Judge Royce Lamberth issued a preliminary injunction, which blocked the Trump administration from enforcing an order it issued in August to stop construction of the project located off the northeast coast of the US. - The Times
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