'I have become greedier': SoftBank's Masayoshi Son bins AI bubble, says he will chase superintelligence into his 70s

Alex Bores (D-NY) enters his watch party at The Freehand Hotel after conceding the congressional race to Micah Lasher who will replace Rep Jerry Nadler (D-NY) in NY's 12th Congressional District on June 23, 2026 in New York City. | Photo by Laura Brett/Getty Images. The expensive, $27 million political proxy war between Anthropic and OpenAI came to a draw last night when Alex Bores, a New York state Assemblyman whose popularity surged after being targeted by a pro-AI super PAC, narrowly lost the Democratic primary to represent New York's 12th Congressional district. Prior to the race, Bores, a former tech industry employee, had coauthored and successfully passed the high-profile RAISE Act, which had implemented guardrails and safety requirements on frontier AI companies; a version of his bill was signed into state law last year. But the legislation drew the ire of Leading the Future, a $100 million su … Read the full story at The Verge.

As Bitcoin falls below the $60,000 mark, 21Shares said that its prediction that BTC breaks the historical four-year cycle hasn't come true.

Broadcom's custom chip for OpenAI could diversify the AI hardware market, challenging Nvidia's dominance and potentially lowering costs. The post Broadcom unveils custom chip for OpenAI, challenging Nvidia’s dominance appeared first on Crypto Briefing.

Built with Broadcom, the LLM-focused accelerator is the first step in OpenAI's effort to design the hardware behind ChatGPT and beyond.

Named Jalapeño, the new processor was designed specifically for the unique needs of OpenAI's inference systems.

OpenAI has just revealed a new "intelligence processor" chip for AI servers made in partnership with Broadcom. The chip, called Jalapeño, is designed to power current and future large language models, according to an announcement on Wednesday. Jalapeño is an ASIC (Application-Specific Integrated Circuit), meaning it's designed for a specific purpose: AI inference. With AI inference, models process a user's request to run an agent like Codex or offer a response from ChatGPT, while AI training involves a model consuming vast amounts of data to inform its responses. It comes just nine months after OpenAI revealed that it would team up with Br … Read the full story at The Verge.

SpaceX's IPO volatility highlights the risks of high valuations, impacting investor strategies and potentially reshaping market dynamics. The post SpaceX faces valuation swings after record-setting IPO debut appeared first on Crypto Briefing.

OpenAI's custom chip venture could reshape AI hardware dynamics, but financial dependencies and production delays pose significant risks. The post OpenAI tests first homegrown AI chip Jalapeño for customer queries appeared first on Crypto Briefing.