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"Democratizing AI": OpenAI, Broadcom Unveil New AI Chip As Sam Altman Pushes For Full Control Of Compute Stack
"Democratizing AI": OpenAI, Broadcom Unveil New AI Chip As Sam Altman Pushes For Full Control Of Compute Stack
OpenAI and Broadcom unveiled Jalapeño, OpenAI's first custom AI accelerator, as Sam Altman's chatbot maker pushes to control more of its data center chip stack and drive greater efficiency to lower inference costs.
The new chip is described as an "Intelligence Processor" and was designed from scratch for large language model inference, the compute-intensive process of serving AI products such as ChatGPT, Codex, and the OpenAI API.
"While OpenAI is still measuring final performance,...
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Jun 15, 2026 / Tyler Durden
Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant
Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant
Fox agreed to acquire Roku for $160 per share in a cash-and-stock deal, valuing Roku at around $22 billion. The deal marks a major push by Fox into connected TV, streaming advertising, and direct-to-consumer distribution.
On Friday, Roku shares jumped 20% to a four-year high on Bloomberg news that the company was in talks to be acquired by an unnamed media company. That created a wave of suspense over the weekend among Wall Street research desks, which published several...
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May 5, 2026 / Tyler Durden
After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position
After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position
Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg.
In a Monday post to his Substack subscribers, Burry said a potential $56 billion cash-and-stock acquisition would likely require too much debt and no longer aligned with his original thesis for GameStop. He had previously backed the company in 2019, a move that helped spark investor enthusiasm around the stock.
Burry wrote: “Wall Street does indeed mistake...
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Jul 13, 2026 / Tyler Durden
US Energy Efficiency: We Have Come A Long Way
US Energy Efficiency: We Have Come A Long Way
Via RealInvestmentAdvice.com,
The graph below paints a very interesting picture of US energy efficiency and a key structural economic change in this country.
For roughly 25 years after WWII, the US economy’s crude oil consumption nearly tripled. Feeding the growth were a booming post-war economy and strong population growth.
To put consumption in a different context, the graph shows consumption as a ratio to a dollar of real GDP, on a per capita basis.
It shows that consumption per dollar of GDP declined rapidly starting...
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