Group 1 - OpenAI has begun using Google's AI chips for its ChatGPT and other products, marking a shift from its previous reliance on NVIDIA GPUs [1][3] - This move indicates OpenAI's strategy to diversify its chip suppliers and reduce dependence on NVIDIA, which has been its largest supplier [1][3] - The adoption of Google's TPU (Tensor Processing Unit) represents OpenAI's first significant use of non-NVIDIA chips, reflecting a transition away from reliance on Microsoft data centers [3] Group 2 - The collaboration with Google comes as the tech industry sees major companies developing their own chips to gain control over computing infrastructure [4] - Companies like Amazon and AMD are introducing alternatives to NVIDIA chips, particularly for the AI development phase known as "inference" [4] - Despite these efforts, NVIDIA's AI chips continue to maintain a leading position in the industry, with Microsoft's ambitions to challenge NVIDIA's dominance facing setbacks [5]

Core Viewpoint - AMD's CEO, Lisa Su, believes the company's new AI processors have the potential to challenge NVIDIA's chips, with the AI market expected to exceed $500 billion in the next three years [1]. Group 1: Product Development and Market Position - The MI350 series of chips is reported to outperform NVIDIA's competitors, achieving a performance improvement of 35 times compared to previous models [1]. - Despite being behind NVIDIA in the AI accelerator market, AMD aims to close the gap with its new products, which are expected to revitalize growth and demonstrate competitiveness against larger rivals [1]. - The MI355 chip is claimed to perform better than NVIDIA's B200 and GB200 products when running AI software, with competitive pricing [2]. Group 2: Future Projections and Industry Dynamics - Lisa Su forecasts that the AI market could surpass the previously anticipated $500 billion by 2028, indicating a more optimistic outlook for growth [1]. - The upcoming MI400 series is expected to establish a clear advantage over NVIDIA's offerings, with enhancements in memory and high-speed data retrieval crucial for AI software performance [2]. - OpenAI's CEO, Sam Altman, expressed initial skepticism about the MI400 specifications but acknowledged the explosive growth in demand for computational infrastructure for AI services [2]. Group 3: Trade and Regulatory Challenges - AMD faces challenges in expanding AI chip sales due to U.S. trade restrictions that prevent both AMD and NVIDIA from selling high-performance components to China [3]. - Lisa Su is actively lobbying the U.S. government to ease export restrictions on AI components to other countries, emphasizing the need for more trade freedom to maintain the U.S. technology's central role in global AI development [3].

Artificial Intelligence - Trump will attend the AI Energy Summit in Pittsburgh [1] - Apple plans to delay the long-awaited upgrade of Siri to Spring 2026 [1] - OpenAI's Altman announced the use of AMD's MI300X and MI450 AI chips [1] - Shanghai Municipal Cyberspace Administration guides platforms like Xiaohongshu and Bilibili to clean up illegal AI product marketing information [1] - TPG Capital and Sequoia Capital invested $250 million in Musk's xAI company [1] - AMD claims the latest version of its MI350 series chips outperforms similar products from Nvidia and announced the next generation AI chip, MI400 series [1] Other Developments - Cathie Wood has been purchasing Tesla stock throughout the week [2] - Trump terminated California's electric vehicle mandate, expressing support for Tesla and other electric vehicle companies [3] - Google Cloud experienced an outage, causing service interruptions for OpenAI, Shopify, and others [3] - Micron plans to invest $200 billion in the U.S., with $150 billion allocated to chip manufacturing [3]

Group 1: Economic Indicators - The U.S. initial jobless claims for the week ending June 7 recorded 248,000, exceeding the expected 240,000, marking the highest level since October 2024 [9] - The U.S. core PPI for May recorded a month-on-month increase of 0.1%, lower than the expected 0.3%, indicating a cooling in inflation [9] - The U.S. dollar index fell for the second consecutive day, closing down 0.78% at 97.864, the lowest level in over three years [1][6] Group 2: Commodity Prices - Spot gold prices rose by 0.94%, closing at $3,386.83 per ounce, while spot silver prices increased by 0.3%, closing at $36.36 per ounce [1][6] - WTI crude oil prices rose by 0.6%, closing at $67.58 per barrel, and Brent crude oil prices increased by 0.32%, closing at $69.68 per barrel [2][6] Group 3: Stock Market Performance - The U.S. stock market saw slight gains, with the Dow Jones up 0.24%, S&P 500 up 0.38%, and Nasdaq up 0.2% [2][6] - The Hong Kong Hang Seng Index closed down 1.36%, while the ChiNext Index fell by 2.2%, indicating a bearish trend in the market [3] - The A-share market showed mixed results, with the Shanghai Composite Index up 0.01% and the Shenzhen Component down 0.11%, amidst a trading volume of 1.27 trillion yuan [4] Group 4: Sector Performance - In the Hong Kong market, precious metals, biomedicine, and insurance stocks showed strength, while automotive and aviation stocks declined [3] - In the A-share market, sectors such as new materials, precious metals, and innovative drugs performed well, while the port shipping and liquor sectors faced declines [4] Group 5: Corporate Developments - Ant Group's financial technology arm has initiated the application process for a stablecoin license in Hong Kong, indicating a move towards digital currency regulation [1][14] - AMD announced its next-generation AI chip series, MI400, showcasing advancements in technology [11]