OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI inference chip, designed to cut inference costs and reduce dependence on Nvidia GPUs.
Posted inMarkets
Baidu’s AI chip unit Kunlunxin targets $50 billion Hong Kong IPO
Baidu’s semiconductor spin-off Kunlunxin is targeting a $50 billion valuation in Hong Kong, asking prospective investors to also commit to buying its chips.
Posted inEconomy
Japan retail sales surge 5.3% in May, giving BOJ room to keep hiking
Japan’s retail sales rose 5.3% year-on-year in May 2026, the fastest pace since November 2023, as wage growth and government subsidies powered a broad spending rebound.
Posted inGeopolitics
Ukraine launches 40-day pressure campaign with record 660-drone barrage on Russia
Kyiv opens a 40-day SBU operation to compel Putin to the negotiating table, opening with a record overnight swarm of 660 drones across 13 Russian regions and Crimea.
Posted inWorld
Iran fires missiles at US bases in Kuwait and Bahrain as Hormuz ceasefire unravels
Iran’s IRGC launched ballistic missiles and drones at US military facilities in Kuwait and Bahrain on June 28, threatening to collapse a ceasefire signed only 11 days earlier.
Posted inTech
OpenAI restricts GPT-5.6 rollout after Trump administration request
OpenAI launched its GPT-5.6 model family on June 26 in a restricted preview, gated to approved partners at the Trump administration’s direct request.
Posted inMarkets
OpenAI weighs 2027 IPO delay as Altman holds firm on $1 trillion floor
OpenAI is considering a 2027 IPO delay after Sam Altman rejected any valuation below $1 trillion, sending SoftBank’s market cap down $38 billion on the news.
Posted inEconomy
BOJ board members back further rate hikes toward a neutral rate of 2%
Bank of Japan board members backed continued rate rises and estimated a neutral rate near 2%, in the June 24 summary of opinions released after the bank’s historic 1% decision.
Posted inGeopolitics
Ukraine strikes Volgograd plant that builds Iskander and Yars launchers
Ukraine’s FP-5 Flamingo missiles hit the Titan-Barrikady plant in Volgograd, which produces launchers for Russia’s Iskander-M, Yars, and Oreshnik missile systems.
Posted inWorld
Vucic to resign within weeks after 18 months of Serbian protests
Serbia’s Vucic says he will resign within weeks and call early elections, bowing to 18 months of student-led protests over the Novi Sad station disaster.