Real-time News

U.S. State Department official: The U.S. Embassy in Kuwait has resumed operations after being suspended due to the Iranian attack.

On June 24th, OpenAI and Broadcom jointly announced their first custom-designed chip, codenamed "Jalapeño," marking OpenAI's official entry into the AI chip field. The chip, manufactured by Broadcom, will be used for OpenAI's inference tasks. This is a significant step in OpenAI's plan to "build a complete technology stack behind models and products." OpenAI President Greg Brockman stated in a press release, "By designing more technology stacks ourselves, we can deliver more intelligent services more efficiently and continue to drive the adoption of advanced AI to a wider audience." The two companies call this chip an Intelligence Processor, referring to it as the first "AI accelerator" on their platform, aiming to "make advanced AI faster, more reliable, and accessible to more people." Physical samples of the chip will be delivered to OpenAI on Wednesday. The two companies stated that the goal is to achieve initial deployment of the Jalapeño chip by the end of 2026 and gradually scale it up in the coming years.

Google (GOOG.O): Google Wallet enables more travelers to benefit from the U.S. Transportation Security Administration's contactless authentication.

June 24 - U.S. tech stocks fell sharply on Tuesday, but rebounded slightly in pre-market trading ahead of Micron Technology's earnings release. "The market's price action over the past seven trading days has been worrying, not only during declines but also during rallies," said Michael McCarthy, market analyst at Moomoo Securities in Australia. "When the market moves so rapidly in any direction, it's a sign of instability."

Microsoft (MSFT.O): Copilot notebooks are now available as part of the Microsoft 365 Copilot app, and users of Microsoft 365 Education can use them without additional payment.

On June 24th, US President Trump stated that Iran told the US it did not seek or collect tolls, insurance fees, or any other form of payment from ships transiting the Strait of Hormuz, subsequently extending the decline in oil prices. Both Brent and WTI crude fell by more than 3%. His remarks came as traders became increasingly optimistic that supplies through the Strait of Hormuz would gradually return to normal, with supplies from major Gulf oil-producing countries expected to recover soon.

Broadcom (AVGO.O): Will launch gigawatt-scale data center deployment with Microsoft and partners in 2026.

Broadcom (AVGO.O) expects to deploy its OpenAI chip faster than anticipated.

OpenAI and Broadcom (AVGO.O) jointly released an intelligent processor optimized for large language models (LLMs).

New York silver futures plunged 6.00% on the day, currently trading at $58.34 per ounce.

Air France announced that it will suspend flights to and from Tel Aviv until June 30, and flights to and from Beirut and Dubai until July 5.

German Chancellor Merz: Hopes to submit the pension reform plan to parliament for review before the end of the year.

June 24th - The U.S. current account deficit widened to $226.8 billion in the first quarter, an increase of $5.8 billion, or 2.6%, from the revised $221.1 billion in the fourth quarter of last year. The current account deficit as a percentage of GDP rose slightly to 2.9% from 2.8%. The widening deficit was not due to trade. The goods trade deficit actually narrowed, with exports of goods and services jumping $50 billion to $1.38 trillion. The main drag came from primary income, which shifted from a surplus in the fourth quarter to a deficit in the first quarter. This account reflects the difference between the returns on foreign assets held by U.S. residents and the returns on U.S. assets held by foreign residents. This shift reveals a change in relative returns and rising costs of financing an increasingly unbalanced balance sheet. It is noteworthy that the annual revision was substantial. The fourth-quarter deficit was revised to -$221.1 billion from an initial -$190.7 billion, and the net international investment position was also revised by nearly $6 trillion.