Descriptions:
Bloomberg Technology’s live June 24, 2026 broadcast leads with OpenAI unveiling its first custom AI chip, codenamed Jalapeno, developed in partnership with Broadcom. The chip is purpose-built for AI inference and reportedly delivers 50% lower cost compared to a typical GPU purchase. The move is framed as part of OpenAI’s strategy to reduce dependence on Nvidia and own more of its infrastructure stack — a path Google has already taken with its TPU line. Broadcom’s CEO, quoted directly, suggested every major frontier lab will eventually develop custom silicon and sees no ceiling on demand for this type of infrastructure.
The second major story is SK Hynix announcing a $29.4 billion U.S. Nasdaq listing — potentially one of the five largest share offerings in history — with trading targeted to begin July 10, 2026. SK Hynix has risen to near parity with Samsung in market capitalization largely by dominating HBM memory chips for AI accelerators, with Nvidia’s endorsement helping the company leapfrog its rival. The fundraise is intended to expand HBM production capacity in South Korea and the United States.
The broadcast also covers Cerebras CEO commentary on AI compute, and a Bloomberg scoop on defense-tech manufacturer Hadrian reportedly in talks to raise at a $7.5 billion valuation — up from $1.6 billion earlier in the year — backed by Andreessen Horowitz and Peter Thiel’s Founders Fund, on the strength of a $2.4 billion U.S. Navy contract.
📺 Source: Bloomberg Technology · Published June 24, 2026
🏷️ Format: News Analysis
