Micron’s Quarterly Revenue Hits $41.5 Billion as AI Memory Demand Surges
Micron reported record quarterly revenue of $41.5 billion, up 74% from the preceding quarter and 34% from a year earlier, driven by AI infrastructure’s appetite for memory, according to Reuters.…
OpenAI and Broadcom Unveil First Custom Inference Chip, ‘Jalapeño’
OpenAI said it has developed its first custom AI inference processor, a chip built with Broadcom and codenamed Jalapeño, designed to run large language models more cheaply and to reduce…
Two Google AI Researchers Plan Move to Anthropic
Two researchers who played key roles in Google’s Gemini AI models plan to join Anthropic, according to people familiar with the matter, in the latest sign that competition for top…
IBM Unveils Sub-Nanometer Chip Process With 3D Stacked Transistors
IBM said on June 25 it has developed the world’s first sub-nanometer chip process, a technology built on transistors stacked vertically in three dimensions that leapfrogs the industry to a…
Amazon Adds $13 Billion to India AI and Cloud Bet
NEW DELHI—Andy Jassy met India’s prime minister on June 25 and left the room having committed another $13 billion to the country. The additional investment, to run through 2030, will…
Apple Raises MacBook and iPad Prices as Memory Costs Climb
Apple’s online store went dark for a stretch on June 24, and the usual speculation followed: a new product launch, perhaps, or a maintenance window ahead of a release. When…
SK Hynix Plans $29 Billion U.S. Share Sale; Stock Jumps 15%
SEOUL—SK Hynix shares jumped 15% in a single session on June 24 after the memory maker said it plans to raise 45.45 trillion won, about $29.4 billion, by selling depositary…
NVIDIA Vows to Return at Least Half Its Free Cash Flow to Shareholders
SANTA CLARA, Calif.—Jensen Huang had a message for the shareholders who gathered for NVIDIA’s annual meeting on June 24: the chip maker plans to hand back half or more of…
Meta Tests AI Assistant for Facebook Creators
Meta has begun testing an AI assistant built for Facebook creators, according to MediaPost, a tool that can generate content ideas, analyze follower engagement and suggest posting strategies. The test…
SpaceX Shares Slip Below Key Level; Early-Investor Sales May Be Delayed
SpaceX shares have kept sliding since the company’s listing, and the stock has now fallen to a level that could delay the sale of roughly 10% of the shares issued…
