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Real-time News
OpenAI CEO Altman: We made a very fast chip.On August 26th, according to the Wall Street Journal, Chris Malone, a key executive at OpenAI responsible for data center construction and expansion, resigned last week. Malone joined OpenAI in March 2025 to oversee the data center construction for the Stargate project, a collaboration between OpenAI, Oracle (ORCL.N), and SoftBank. Sources familiar with the matter revealed that the Stargate project initially faced difficulties, leading OpenAI to shift towards partnerships with cloud service providers. The company is currently restarting its internal infrastructure construction by leasing complete data center facilities, but this work has been taken over by other personnel. Malones departure comes as OpenAI undergoes a high-level reshuffle and prepares for its anticipated 2027 IPO. Recently, several other executives, including Chief Revenue Officer Dennis Dreser, Chief Operating Officer Brad Lightcap, and Figgi Seymour, have also left the company. OpenAI is simultaneously increasing its investment in computing power, projecting that its computing infrastructure spending will reach approximately $750 billion by 2030, up from its previous forecast of approximately $600 billion.On August 26th, sources stated that European Central Bank (ECB) policymakers are prepared to raise interest rates at their September meeting to curb the economic side effects of the Iran conflict, but "have no intention of signaling further policy tightening." The sources indicated that with Eurozone inflation near 3%, the ongoing conflict in Iran, and the economy showing resilience, the ECB believes it is necessary to raise the policy rate from 2.25% to 2.50%. This rate hike is already incorporated into the ECBs June economic forecasts, aiming to avoid a repeat of the severe inflation triggered by rising energy prices following the 2022 Russia-Ukraine conflict. However, long-term inflation expectations remain anchored near the 2% target, and policymakers see no need to hint at further rate hikes after September. The market currently expects one or two more rate hikes from the ECB in the future.A U.S. judge ruled that the Postal Service’s final rule restricting mail-in voting violated a court order, but would not take action to prevent it.According to the Wall Street Journal: The head of OpenAIs data center has resigned.
