megan cassella, thank you. we will see you throughout the day. >>> let's check on the other corporate stories with silvana henao. good morning, silvana. >> dom, good morning. wall pmart is planning to layof workers. the wall street journal reports employees in smaller offices in dallas, atlanta and toronto are asked to move to new jersey and the hometown in bentonville, arkansas. the retailer is also asking most remote workers to return to the office. walmart reports first quarter earnings on thursday. >>> google's developer conference kicks off today with the keynote by ceo sundar pichai. a flood of news about a.i. openai may be trying to take some of the wind out of google's sails. the maker of chatgpt revealing a model yesterday that can use voice, emotion and tone across text, pictures and video. openai says the model will be offered for free. >>> uber is expanding its footprint in asia. it is buying the food panda business for $950 billion. uber is looking to complete the deal by next yeear. dom. >> silvan

the biden administration is announcing it is handing out new funding from the chips act our megan cassella is joining us with more. >> he is giving the latest award to polar semiconductor it will receive $120 million in grants for the factory in bloomington, minnesota it will create incentives and funding from the company and from private investors the biden administration officials say the project will create 160 jobs in construction and manufacturing. it will allow the company to double its u.s. production capacity within two years as it expands to a foundry model for the first time to allow it to serve more customers this is the eighth award doled out under the chips act. it is smaller than the multi-billion dollar packages we have seen recently, but this is unique because it boosts the production of chips from cars and household appliances and healthcare and weapon systems and in the power grid. 5% of production capacity for chips is in the u.s. currently these are the chips also where shortages were the most acute during the pandemic. dom, there's $6 billion left to dole out we are ex

. (♪♪) >>> welcome back president biden we'lcoming his counterpart from kenya megan cassella has detailsrships boosting investment in kenya megan, good morning. >> reporter: good morning, frank. the u.s. chamber is hosting kenyan president ruto today with a forum of business leaders. they are focusing on investment in africa. ruto met with president biden and both have been touting cooperation in tech and a.i. a few of the announcements we heard is microsoft with g42 announcing a $1 billion commitment to build a data center in kenya. google is investing in digital infrastructure the biden administration among other kmicommitments. meg whitman says this is a great place for investment in a.i. >> it is very powerful technology that i think can change everything and we have to guard against it being destructive. i think it can also be a real force for good and consume tremendous amounts of power. a.i. uses tremendous amounts of power. that is an asset for many countries. >> reporter: whitman said many countries should be investing in africa frank. >> we heard from meg whitman right there. f