Meta is set to begin production of its custom AI chips in September, developed with Broadcom and manufactured by TSMC, as the tech giant moves to reduce its dependence on Nvidia GPUs while projecting up to $145 billion in capital expenditures this year.
TeraWulf shares surge 13% after signing a landmark 20-year, $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus, while also selling a major joint venture stake for $450 million to focus on wholly owned AI projects.
TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
Apple shares plunge 6.1% to $275.15 in their biggest single-day drop since April 2025, as a global memory chip shortage driven by AI data center expansion forces price hikes of up to $500 on Macs, iPads, and other products, with analysts warning iPhone Pro models could soon follow with a $100 increase.
Qualcomm surges 15% after unveiling its Dragonfly C1000 data center CPU for agentic AI, nearly doubling its non-handset revenue forecast to $40 billion by fiscal 2029, with Meta signed as a launch customer and $15 billion targeted from data center sales alone.
OpenAI unveils its first-generation AI inference chip, Jalapeño, developed with Broadcom, already powering GPT-5.3-Codex-Spark workloads with superior performance per watt, reducing reliance on Nvidia while positioning OpenAI as a major player across the entire AI hardware and datacenter stack.
OpenAI and Broadcom unveil 'Jalapeño,' a custom AI accelerator chip purpose-built for LLM inference that reportedly breaks speed records with a nine-month development cycle and delivers superior performance per watt, with deployment planned by end of 2026.
OpenAI and Broadcom announce a landmark multi-year partnership to co-develop and deploy 10 gigawatts of custom AI accelerator chips by 2029, with rack deployments beginning in 2026 to meet surging global AI demand for OpenAI's 800 million weekly active users.
NVIDIA and AWS are rolling out a powerful trio of AI advancements: new EC2 G7 instances with Blackwell GPUs delivering 4.6x faster inference, a 10x faster vector search engine now default in Amazon OpenSearch, and AWS earning elite NVIDIA Exemplar Cloud status for large-scale AI training workloads.
Reflection AI, a young open-source startup founded by former Google DeepMind researchers, signs a massive $6.3 billion compute deal with SpaceX, securing access to cutting-edge Nvidia GB300 chips at $150 million per month starting July 2026.