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Top stories today:
- Broadcom +10% on OpenAI deal targeting custom AI chip deployment
- Newsom signs bills regulating AI chatbots, social media, age checks
- SpaceX replicates Starship success in 11th flight
- Saylorās Strategy resumes Bitcoin buys with $27M purchase
- Andrej Karpathy releases ānanochat,ā $100 DIY ChatGPT clone
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Broadcom +10% on OpenAI deal targeting 10GW custom AI chip deployment over 4 years
H2 2026: OpenAI-Broadcom co-developed AI chips will be deployed.
The deal is reportedly worth several billion dollars.
18 months ago, Broadcom began working with OpenAI on custom chip development.
The partnership has since expanded to cover server racks and networking components.
OpenAI aims to build 250GW of compute capacity by 2033, Sam Altman reportedly told staff.
OpenAI is reportedly working with Arm on a CPU to pair with its Broadcom AI chip, which TSMC will manufacture.
In recent weeks, OpenAI has also struck major deals with NVIDIA, Oracle, and AMD.
OpenAI isnāt the unnamed $10B customer from its Q3 earnings, Broadcom chip head Charlie Kawwas said.
Broadcom shares are +50% this year after 2xād in 2024, pushing its market cap above $1.5T.
As the seasons shift, your wardrobe should move seamlessly with you. Luca Faloniās mid-season collection is built around five versatile staples, crafted in Italy from the finest natural fabrics. Designed to layer, adapt, and elevate, these pieces bring comfort, refinement, and timeless style to every occasion.
From crisp mornings and warm afternoons to city weekends and evening gatherings, these are the essentials that form the foundation of a wardrobe that never feels out of place. Sophisticated, practical, and enduring, each piece embodies the essence of Italian craftsmanship, helping you transition with ease and elegance.
Luca Faloni - Five Core Mid-Season Icons:
Cotton PiquĆ© Shirt ā The Siena shirt combines soft natural stretch with sartorial details like a cutaway collar and mother-of-pearl buttons. Effortlessly versatile, it works just as well under a blazer as it does on its own.
Denim Shirt ā A year-round classic, crafted in premium washed denim for durability and comfort, designed to develop character and patina over time.
Cashmere-Cotton Polo ā Luxuriously lightweight and refined, this polo shirt blends breathable cotton with the softness of cashmere, perfect for both relaxed and business-casual looks.
Silk-Cashmere Crew Neck ā Finer than pure cashmere, this elevated knit is a transitional essential, equally elegant layered under tailoring or worn solo.
Suede Bomber Jacket ā Handcrafted from Italian goatskin suede with cashmere detailing, this smart-casual jacket is the ultimate statement in enduring style.
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3. Newsom signs landmark tech bills regulating AI chatbots, social media, and age checks
Google, Meta, OpenAI, and Snap supported the regulation, while film studios and streamers lobbied against it.
SB 243: targets AI companion chatbots that may harm children and vulnerable users.
Penalties of up to $250K for profiting from illegal deepfakes.
Jan. 2026: the law takes effect.
AB 56: Social media platforms must display health warning labels to users under 18, flagging āprofoundā mental health risks.
Vetoed SB 771: the bill that would have fined social media firms up to $1M for promoting violent or extremist content was vetoed by Newsom.
