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The Latest Breaking News from OpenAI

OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure

OpenAI has unveiled its first custom AI chip, Jalapeno, developed with Broadcom to boost its infrastructure. This move aims to overcome computing power shortages and reduce reliance on Nvidia's GPUs. Designed for AI inference, the chip is comparable to Nvidia's and Google's offerings. OpenAI plans to deploy Jalapeno by year-end,…

The Economic Times

Exclusive: Seltz, a startup trying to reinvent web search for AI agents, raises $12.5 seed round

VC firms Speedinvest and Capital B led the funding round for the web search startup founded by a veteran of Amazon and Pinecone.

Fortune

Reid Hoffman says SpaceX is 'not an AI company' and xAI is a 'complete train wreck' — and there's room for both OpenAI and Anthropic

The LinkedIn co-founder and investor in both Anthropic and OpenAI offers his most pointed public assessment yet of Elon Musk's AI ambitions.

Fortune

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Why Google Lost $270 Billion in Just One Day

How does one of the world's most powerful companies lose nearly $270 billion in market value in a single day even when its business is growing? That's the question investors around the world were asking after Alphabet, Google's parent company, suffered one of its biggest stock market drops in years.…

MyLifeXP

AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

AI memory startup Engram has raised $98 million from a powerhouse group of investors as it seeks to reduce the cost of tokens.

International Business Times

As top talent leaves Google DeepMind, some question if the lab can remain at the forefront of AI development

With Google's AI models losing leaderboard places and its pace of model releases lagging, some are questioning if the internet giant can stay at AI's cutting edge.

Fortune

Meta's WhatsUpside Down hire: How Kunal Shah broke the Valley playbook

Silicon Valley's AI talent war saw tech giants acquire engineers. However, Meta's Mark Zuckerberg broke the mold by investing $900 million in Indian fintech startup Cred and bringing its founder, Kunal Shah, into WhatsApp's C-suite. Shah, a non-engineer with deep consumer insights, is tasked with boosting WhatsApp's payments and commerce,…

The Economic Times

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Coinbase Is Offering Pre-IPO Perpetual Futures on OpenAI and Anthropic. That’s Better News for COIN Stock Than It Is for You.

The gap between digital assets and traditional public company stocks has been narrowing, and recently, that trend has been accelerating. On Monday, Coinbase (COIN) officially launched pre-IPO perpetual futures contracts tied to artificial intelligence heavyweights OpenAI and Anthropic, following its earlier rollout of a similar vehicle for the recently public…

Barchart

Richard Osman says ‘billionaires with thin skin’ control culture as Amazon axes AI founder film

Amazon scrapped its forthcoming film about Open AI co-founder starring Andrew Garfield last week

The Independent UK

Mark Cuban Says OpenAI Is ‘Sh*tting Away’ Its Money on AI Infrastructure: Says ‘They’ll Never Get’ a Return on Their Trillion-Dollar Spending Spree

Mark Cuban believes AI is real, powerful, and already changing business. But he is far less convinced that the companies spending hundreds of billions to build foundational models will ever get the returns they expect.

Barchart

Oracle lays off 21,000 employees in just 12 months due to AI adoption and costly AI infrastructure ambitions — says layoffs will continue as internal AI deployment grows

Oracle cut 21,000 jobs in fiscal year 2026 as AI automation and AI cloud expansions reshape its workforce and spending strategy.

Tom’s Hardware

How a giant ‘disco ball’ could turn Kazakhstan into an unlikely AI superpower

IN FOCUS: The president of the former Soviet Republic describes artificial intelligence adoption as a ‘matter of national survival’. Anthony Cuthbertson reveals why Kazakhstan is going all in on AI

The Independent UK

Google Loses Top AI Talent to Rivals as Alphabet Suffers Worst Stock Drop in Over a Year

Alphabet's shares plummet by 5% as key AI figures Noam Shazeer and John Jumper depart for rivals, sparking investor concerns over Google's AI strategy and $264 billion market value loss.

International Business Times UK

IBM partners with OpenAI on enterprise security AI

IBM joined the OpenAI Daybreak Cyber Partner Program and is collaborating with the startup to integrate protective AI tools directly into business operations, helping companies identify and minimize their security risks.

The Economic Times

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International Business Times UK

After Spending Billions on AI, Microsoft Wants to Commoditize It: Nadella Takes a Swipe at Rivals

Microsoft CEO Satya Nadella advocates for a more equitable distribution of artificial intelligence benefits, challenging tech giants' dominance and promoting a competitive AI industry.

AAP

IBM and OpenAI Bring Frontier AI to Cyber Defense--Helping Enterprises Keep Pace with Machine-Speed Threats

ARMONK, N.Y., June 23, 2026 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has joined the OpenAI Daybreak Cyber Partner Program, bringing advanced frontier AI capabilities into security operations to help enterprises counter machine-speed threats. Building on the recently announced Project Lightwell, as part of this effort IBM has launched…

International Business Times UK

Google Stock Dips as Alphabet Loses Top AI Talents and Faces Fresh Regulatory Storm Despite A24 Tie-up

Alphabet's stock fell over 5% amid AI talent departures and regulatory pressures, overshadowing a $75 million AI partnership with film studio A24.

Barchart

COIN Stock Alert: What to Know as Coinbase Launches Pre-IPO Perpetual Futures

Coinbase launches pre-IPO perpetual futures for OpenAI and Anthropic. But does that warrant buying COIN shares today?

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TechRadar

'It would make 'em rich': Trump looks to secure government stake in US AI giants

The US government could own shares in the likes of OpenAI and Anthropic as it seeks to boost public perception of AI within the US.

Fortune

OpenAI is betting on a super app as it heads toward an IPO

Folding ChatGPT and Codex into a single platform is about winning over customers—and investors.

The Economic Times

Three ways Trump could get a stake in AI firms for the US

President Donald Trump is actively investigating how to ensure that the American public can benefit from the lucrative advancements within the AI industry. Suggested strategies encompass government equity shares in AI companies, specialized tax reforms, and potential stock-based remuneration. Additionally, concepts like a 'public wealth fund' or 'digital dividend,' reminiscent…

International Business Times

SpaceX Announces Bond Sale Days After Its IPO, Shares Plummet

SpaceX announced a bond sale on Monday, saying it will use the funds to pay for bridge financing and general purpose needs. Stocks are plummeting during the session.

The Guardian - US

New York City House primary emerges as key battleground in ‘AI civil war’

AI-focused Super Pacs are spending heavily in the midterms, and half has gone to a single Manhattan congressional race

The Economic Times

OpenAI alumnus Shyamal Anadkat returns to India, teases AI venture

Calling the current AI wave a "once in a generation opportunity", former OpenAI executive Shyamal Hitesh Anadkat has returned to India, and hinted that he plans to start a new AI venture.

The Guardian - UK

The Reverse Centaur’s Guide to Life After AI by Cory Doctorow review – the real price of artificial intelligence

A vivid and entertaining polemnic on the economics of the tech revolution, filled with righteous ire

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