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David George believes the market capitalization added by the current AI wave will be even larger than the $25 to $30 trillion created during the mobile, social, e-commerce, and cloud cycle.
OpenAI unveiled its first custom AI chip, named Jalapeño, which was developed in partnership with Broadcom.
OpenAI and Broadcom claim their custom Jalapeño chip has a 50% lower cost compared to a typical AI GPU.
SK Hynix is planning to raise $29 billion in a landmark US listing.
Broadcom CEO Hock Tan predicts that demand and rollout for the OpenAI custom chip next year will exceed his prior estimates for 1.3 gigawatts of supply.
SK Hynix plans to raise $29.4 billion in its US market debut, a deal that would rank among the top five share sales of all time.
SK Hynix plans to start trading its American Depositary Receipts (ADRs) on the Nasdaq on July 10th.
SpaceX refinanced $17.5 billion of debt from the XAI acquisition, reducing interest rates from a range of 9.5%-12.5% down to approximately 5.5%-6.5%.
Andreessen Horowitz's investment stake in SpaceX is now valued at over $10 billion and represents the firm's largest return in its history.
Celine Wu predicts that physical AI will become a multi-trillion-dollar long-term opportunity, opening new markets like fully autonomous transportation and humanoid robots.
The world's largest cloud computing companies have committed $850 billion in future data center leases.
Microsoft added $41 billion in data center lease commitments last quarter, increasing its total to nearly $197 billion.