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June 8, 2026, 12:06 AM
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memeorandum
WeSmirchTop News
| Heekyong Yang / Reuters: |
Nvidia says South Korea's Naver will use its technology to build AI factories at “gigawatt scale” to meet rising global demand for AI services and physical AI — Nvidia (NVDA.O) said on Monday that South Korean internet conglomerate Naver (035420.KS) would use its technology … | Yoolim Lee / Bloomberg: |
Nvidia and SK Hynix signed a multi-year pact to develop next-gen memory tailored for Nvidia's AI infrastructure roadmap, including for Vera Rubin — Nvidia Corp. and SK Hynix Inc. have agreed to partner on designing future generations of memory chips for AI, a win for a South Korean leader vying … | Hassan Mujtaba / Wccftech: |
Memory chip vendors say CXMT's DDR5 prices match Samsung, SK Hynix, and Micron, and it has a supply advantage in client markets as it is not prioritizing HBM — CXMT's DDR5 memory is apparently not as cheap to procure as reports claim, falling in the same range as DRAM from other manufacturers.
More: Seoul Economic Daily, The Asia Business Daily, and The Business Times
X: @wccftech, @gavbon86, and @gringosuavex. LinkedIn: Theodore Aggelopoulos. Forums: r/Amd_Intel_Nvidia
| Cristina Criddle / Financial Times: |
OpenAI plans to overhaul ChatGPT in the coming weeks, turning it into a superapp with coding tools and AI agents to serve as a gateway to higher-margin products — $850bn start-up to recast hit chatbot as a route to higher-margin products before a potential IPO.
More: Gizmodo, SiliconANGLE, Memeburn, Engadget, Benzinga, Spyglass, TechCrunch, Digital Trends, iPhone in Canada, PYMNTS, Bloomberg, WinCentral, Reuters, Reuters, and Tech in Asia
X: @kimmonismus, @vraserx, @miles_brundage, @andrewcurran_, @edzitron, @jimpethokoukis, and @edzitron. Bluesky: @edzitron.com. Threads: @eric_seufert. Mastodon: @ianbetteridge@social …. Forums: r/ChatGPT
| Mark Gurman / Bloomberg: |
Inside the early 2025 senior exec meeting where Apple admitted its AI failures; Tim Cook became intimately involved in Apple's AI roadmap around the same time — Also: What to expect at WWDC 2026. — A top secret meeting finally got Apple to take its AI crisis seriously.| Tim De Chant / TechCrunch: |
Fusion energy startup Helion raised a $465M Series G led by Thrive Capital at a $15.5B valuation, nearly tripling the valuation from its January 2025 round — Helion, the fusion startup backed by Sam Altman, announced on Thursday that it had raised $465 million in a new funding round that values the company at $15.5 billion.| Wall Street Journal: |
KPMG survey: only 26% of companies have a comprehensive view of their AI costs, while 50% have some visibility and 22% have none or only see costs after billing — Only 26% of companies say they have a comprehensive view of their AI costs, according to a new survey| Bloomberg: |
As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients — Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning. — Down the Wealth Walkway on South Beach …
X: @business, @isabelletanlee, and @wealthwatch
| Bloomberg: |
Sources: Beijing-based Moonshot, which makes the Kimi chatbot, is in talks to raise $1B+ that would value it at $30B, up from a $20B valuation in a recent round — Moonshot AI is seeking as much as $2 billion in a new funding round that would value the startup at $30 billion … | The Guardian: |
Microsoft says it will tighten human rights controls when working with national security agencies after an inquiry found Israel's Unit 8200 violated its ToS — Announcement seeks to close a difficult chapter for the company after the Guardian revealed its platform was used in mass surveillance of Palestinians
More: CTech
| Lucas Shaw / Bloomberg: |
Sources: Spotify has approached concert promoters about licensing music festival livestreams, as it pivots to video to become a one-stop shop for music fans — Spotify is looking to become a hub for live music — Good evening from New York. I just landed here so that I can help smuggle Charles Oakley … | Mike Butcher / Pathfounders: |
UK-based Creator Fund closes a $56M fund to back European PhD founders, reaching them in universities before they're pulled into academia, Big Tech, or US labs — Creator Fund has closed a $56 million European fund to back PhD founders before they have a pitch deck, let alone a company.| Dwarkesh Patel / Dwarkesh Podcast: |
Q&A with Google DeepMind's Director of AGI Economics Alex Imas and Epoch AI's Phil Trammell on what remains scarce after AGI, redistributing AI wealth, and more — “One robot now turns into many robots next year, but the number of ballerinas is the same.” — Economics of AGI episode w Alex Imas and Phil Trammell.
X: @dwarkesh_sp, @alexolegimas, @dwarkesh_sp, and @pawtrammell
| Tanya Pandey / The Economic Times: |
Industry data: India's six largest IT companies grew combined revenue from $95.9B in FY23 to $103.1B in FY26, while headcount remained broadly steady at ~1.9M — India's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and improved productivity.
X: @ettech
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