➀ Jonathan Goldberg warns of a classic bubble forming in the semiconductor sector due to the AI boom.

➁ He discusses the rise of Neo-Cloud companies and the financial implications of partnerships like OpenAI and AMD.

➂ Goldberg expresses concerns about China's rapid advancements in semiconductor technology, particularly Huawei's development of EUV lithography and the potential impact on global markets.

➀ Elon Musk proposed a Kasparov vs. Deep Blue-style AI coding contest between xAI's Grok 5 and former OpenAI lead Andrej Karpathy, which Karpathy declined, emphasizing AI as a collaborator;

➁ The challenge follows Karpathy's remarks that AGI remains a decade away and that Grok 5 trails GPT-4 by months, while Musk claims Grok 5 has a 10% AGI probability;

➂ Analysts note Grok 5's credibility hinges on transparent benchmarking akin to DeepMind's competition-grade tests, yet xAI has not yet published formal results.

➀ AMD will supply multiple generations of GPUs optimized for OpenAI's AI training and grants OpenAI the right to purchase up to 10% of AMD shares at $0.01 per share, contingent on milestone achievements;

➁ The partnership includes a phased deployment plan starting with 1GW of AMD Instinct MI450 GPUs in 2026 and scaling to 6GW, integrating future chip generations and rack-scale AI solutions;

➂ The deal aligns strategic goals, with AMD projecting tens of billions in revenue and enhanced non-GAAP earnings, while OpenAI aims to accelerate AI infrastructure and democratize advanced AI capabilities.

➀ AMD and OpenAI announced a 6GW AI compute mega-deal, marking a significant milestone in AMD's AI GPU market position with plans to deploy 1GW of MI450 GPUs in late 2026；

➁ The collaboration involves AMD's Venice server CPUs and Pensando networking solutions, providing infrastructure support for large-scale AI deployments；

➂ The agreement includes warrants for OpenAI tied to AMD's stock performance and technical milestones, signaling deep strategic alignment between the companies.

➀ AMD and OpenAI have reached a multi-year agreement for OpenAI to purchase several generations of Instinct GPUs and invest in a 10% stake in AMD.

➁ The deal is expected to begin in the second half of 2026 with the deployment of AMD's Instinct MI450 GPUs.

➂ AMD and OpenAI will collaborate on large-scale deployments of AMD's chips, including both Instinct MI450 series GPUs and rack-scale AI solutions.

➀ AMD announces a multi-year agreement to supply its Instinct™ MI450 AI accelerators for OpenAI's next-gen AI infrastructure;

➁ OpenAI secures an option to acquire a 10% stake in AMD under specific terms;

➂ The deal strengthens AMD's position in the AI computing market, marking a strategic expansion in its AI capabilities.

➀ AMD and OpenAI announce a multibillion-dollar partnership for AI data centers, with AMD supplying 6 gigawatts of MI450 chips starting 2026;

➁ OpenAI secures warrants for 160M AMD shares (10% stake) at $0.01 per share upon meeting deployment milestones, potentially valuing the deal at $60B+;

➂ The deal contrasts with NVIDIA's Intel partnership, as AMD and OpenAI commit to near-term regulatory filings amid an AI infrastructure arms race.

➀ The U.S. NIST report shows OpenAI and Anthropic AI models outperformed China's DeepSeek in 19 benchmarks, especially in software engineering and cybersecurity;

➁ U.S. Commerce Secretary Lutnick credits Trump's AI Action Plan for accelerating American dominance and warns against reliance on foreign AI;

➂ DeepSeek's newer V3.2 model release may challenge current test results, as the U.S. emphasizes ongoing AI security risks and global leadership.

➀ An AI-generated video shows OpenAI CEO Sam Altman "stealing" a GPU from a Target-like store, humorously claiming it's for Sora 2 inference;

➁ Created using OpenAI's new Sora 2 model, the viral clip highlights the tool's realism and the company's pivot to a TikTok-like social platform for AI content;

➂ The video underscores growing concerns about AI's potential to blur reality and the urgent need for content authenticity verification in the AI era.

➀ OpenAI faces significant financial challenges despite announcing $500 billion Stargate infrastructure plans and $10B chip deals, with $5B losses in 2024 and only $13B projected 2025 revenue;

➁ Potential reliance on a future trillion-dollar IPO and uncertain government investments highlights cash flow risks, while its nonprofit-to-profit transition complicates funding timelines;

➂ The AI industry’s 'bubble' comparisons intensify as companies like NVIDIA and Oracle fuel OpenAI’s growth amid unproven profitability models.

➀ OpenAI partners with NVIDIA in a $100 billion deal to acquire next-gen Rubin GPUs for AI data centers, aiming to deploy 10GW computing power by 2026;

➁ Collaborates with Luxshare (Apple supplier) to develop ChatGPT-powered smart devices, signaling a hardware pivot alongside Jony Ive's design expertise;

➂ Pursues IPO to boost valuation amid concerns of an AI bubble, with $500B projected valuation despite $5B 2024 losses.

➀ NVIDIA pledges uninterrupted GPU supply despite $100B OpenAI investment, vowing to prioritize all customers equally.

➁ Major tech giants like Microsoft, Amazon, and Google are developing proprietary AI hardware to reduce dependence on NVIDIA.

➂ Chinese firms accelerate efforts to create alternatives amid U.S. trade restrictions, signaling intensified semiconductor competition.

➀ OpenAI collaborates with Broadcom to develop its first custom AI chip ("XPU"), targeting mass production by 2026;

➁ The move aims to reduce reliance on NVIDIA's GPUs and strengthen control over AI infrastructure;

➂ The chip design combines Broadcom's semiconductor expertise with OpenAI's AI optimization requirements.

➀ Microsoft and OpenAI are locked in critical contract negotiations over access to AGI development and Azure exclusivity, risking a $10 billion SoftBank investment and OpenAI's potential IPO;

➁ OpenAI insists on retaining a clause to withhold AGI models from Microsoft, while Microsoft seeks broader access and aims to maintain its monopoly on AI services via Azure;

➂ Failure to reach an agreement by end of 2025 may force OpenAI to cede more equity to Microsoft and delay profitability amid ongoing financial losses.

➀ OpenAI CEO Sam Altman recently confirmed that GPT-5 will launch in early August.

➁ GPT-5 will come in three versions: Nano, main, and mini, with access primarily through OpenAI's API or ChatGPT.

➂ GPT-5 will integrate multi-step reasoning, but may not perform as expected in all situations and could be slower for complex questions.

➀ OpenAI plans to deploy 29 GE gas turbines (34MW each) at its Texas Stargate data center, aiming to resolve power grid limitations for AI infrastructure;

➁ The turbines' 986MW total output could support ~500,000 AI chips, though only 10 units are currently permitted;

➂ Tech giants like Microsoft and Google explore nuclear SMRs, but gas remains the interim solution amid AI's surging energy demands.

➀ OpenAI leads as the highest-valued AI unicorn at $300 billion with $64 billion raised;

➁ Databricks ($62B) and Anthropic ($61.5B) follow closely, each securing nearly $20 billion in funding;

➂ Four AI firms rank among the top 10 unicorns, including Elon Musk’s xAI, Germany’s Celonis ($13B), and U.S.-based Safe Superintelligence ($30B) despite minimal funding.

➀ Chuan expresses doubts about the success of OpenAI's hardware project due to its negative cash flow of nearly $5 billion per year;

➁ Ming-Chi Kuo's industry investigation suggests that the new AI hardware device developed by Jony Ive and OpenAI is expected to be mass-produced in 2027;

➂ The device will be assembled and shipped outside of China to reduce geopolitical risks, with Vietnam as the current planned location;

➃ The current prototype is slightly larger than the AI Pin, with an exterior design reminiscent of the iPod Shuffle, but designs and specifications may change before mass production.

➀ In Q1'25, global venture funding reached $121 billion, driven by OpenAI's $40 billion raise, valuing the company at $300 billion;

➁ Despite a decline in deal count, AI startups remained the primary beneficiaries of this capital concentration, capturing more than half of the quarter's funding;

➂ The AI dealmaking landscape is evolving, with a shift from infrastructure investments to vertical solutions and application-layer platforms.

➀ The dilemma facing Big Tech is the cost of building AI, with estimates ranging from tens of millions to tens of billions;

➁ Some investments in cheap, effective Chinese products have raised concerns about the wisdom of some investments;

➂ Microsoft is withdrawing from data center projects in various countries, and expectations for GenAI are declining due to high failure rates and dissatisfaction with current results;

➃ OpenAI is not yet profitable and expects positive cash flow only in 2029, despite spending $644 billion on AI programs and data centers.