OpenAI has agreed to spend more than $20 billion on chips from Cerebras Systems and will receive an equity stake in the company in return, according to a report from The Information. The deal represents one of the largest chip procurement commitments in AI industry history and signals a meaningful shift in OpenAI's hardware strategy beyond its existing reliance on Nvidia. Cerebras, known for its wafer-scale processors designed specifically for AI workloads, stands to gain both revenue certainty and validation at a scale that could reshape its competitive position in the AI chip market. For OpenAI, the equity component introduces a financial alignment with a key supplier, reducing pure vendor dependency while creating upside exposure to Cerebras's growth. The arrangement also adds pressure on Nvidia, whose dominance in AI accelerators has faced growing challenges from custom silicon efforts at hyperscalers and, now, direct procurement deals of this magnitude by major AI labs. Whether OpenAI deploys this hardware for training, inference, or both will determine the near-term operational impact.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
