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Issue Nº 71 COST TOTAL $14642.06 ARTICLES TODAY 16 TOKENS TOTAL 9.28B
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Chips Tesla hires Gary Jiang, 17-year Intel veteran, as Director of Terafab chip project Market Meta launches cloud business to sell excess AI compute capacity; stock +8% Market NVIDIA projects $1 trillion AI infrastructure demand through 2027; doubles prior forecast Chips Samsung HBM4 surpasses $1B in sales within 4 months; projects $10B full-year run rate Funding Oxmiq Labs raises $35M Series A for licensable GPU IP, eyes Arm-like architecture Research ChatGPT crosses 1 billion monthly active users, fastest consumer app milestone in history Chips NVIDIA and TSMC mark first US-made Blackwell wafer in Phoenix, plan $500B infrastructure spend over 4 years Funding Oxmiq raises $35M Series A for RISC-V GPU IP, expands data center architecture focus Breaking Klarna's PriceRunner wins $1.97B antitrust verdict against Google in Swedish court Policy Anthropic restores Claude Fable 5 globally as U.S. lifts export controls after safety fix Market Emerging markets tech stocks lead H1 2026; US Big Tech up 19.4% vs emerging markets +90% Chips Computex 2026: laptop market splits into budget 8GB mainstream and $5K+ agentic-compute tier Policy EU Chips Act 2.0: Brussels launches overhaul targeting AI chip supply security Chips US PC shipments fell 7% in Q1 as memory costs spike; budget segment down 18.7% Breaking Researchers expose CoT Forgery: LLMs reveal unsafe info when fake reasoning claims compliance is OK Funding MGX closes $49B Abu Dhabi AI fund, largest sovereign investment in sector Market AMD shares surge to record high; Wells Fargo raises PT to $615, sees Venice CPU outshipping Nvidia Vera in 2027 Funding Ex-Speedinvest partner Rick Hao closes $50M solo GP fund for deeptech startups Funding Tapestry VC closes $80M third fund backing repeat European founders Research OpenAI releases GeneBench-Pro; tests AI judgment on 129 multi-stage genomics problems; GPT-5.6 Sol reaches 31.5% Chips Tesla hires Gary Jiang, 17-year Intel veteran, as Director of Terafab chip project Market Meta launches cloud business to sell excess AI compute capacity; stock +8% Market NVIDIA projects $1 trillion AI infrastructure demand through 2027; doubles prior forecast Chips Samsung HBM4 surpasses $1B in sales within 4 months; projects $10B full-year run rate Funding Oxmiq Labs raises $35M Series A for licensable GPU IP, eyes Arm-like architecture Research ChatGPT crosses 1 billion monthly active users, fastest consumer app milestone in history Chips NVIDIA and TSMC mark first US-made Blackwell wafer in Phoenix, plan $500B infrastructure spend over 4 years Funding Oxmiq raises $35M Series A for RISC-V GPU IP, expands data center architecture focus Breaking Klarna's PriceRunner wins $1.97B antitrust verdict against Google in Swedish court Policy Anthropic restores Claude Fable 5 globally as U.S. lifts export controls after safety fix Market Emerging markets tech stocks lead H1 2026; US Big Tech up 19.4% vs emerging markets +90% Chips Computex 2026: laptop market splits into budget 8GB mainstream and $5K+ agentic-compute tier Policy EU Chips Act 2.0: Brussels launches overhaul targeting AI chip supply security Chips US PC shipments fell 7% in Q1 as memory costs spike; budget segment down 18.7% Breaking Researchers expose CoT Forgery: LLMs reveal unsafe info when fake reasoning claims compliance is OK Funding MGX closes $49B Abu Dhabi AI fund, largest sovereign investment in sector Market AMD shares surge to record high; Wells Fargo raises PT to $615, sees Venice CPU outshipping Nvidia Vera in 2027 Funding Ex-Speedinvest partner Rick Hao closes $50M solo GP fund for deeptech startups Funding Tapestry VC closes $80M third fund backing repeat European founders Research OpenAI releases GeneBench-Pro; tests AI judgment on 129 multi-stage genomics problems; GPT-5.6 Sol reaches 31.5%
Chips

Tesla hires Gary Jiang, 17-year Intel veteran, as Director of Terafab chip project

Tesla hired Gary Jiang, a 17-year Intel semiconductor manufacturing veteran, as Director of Terafab, marking the first publicly named senior leadership hire for Elon Musk's $20 billion Austin chip fabrication project announced in March. Jiang started in June 2026 and will be based on-site at Giga Texas. Most recently, Jiang served as Factory Manager overseeing Intel's advanced 18A process technology transfer, tool installation, and high-volume manufacturing ramp at Intel's Ocotillo campus in Arizona—precisely the hands-on fab execution expertise Tesla has lacked in-house.

Earlier in his Intel career, Jiang managed technician teams across 22nm, 14nm, and 10nm-class process nodes at Fab 32 and Fab 42 in Chandler, Arizona, giving him two decades of high-volume production experience and supply-chain logistics. His hire signals Tesla's seriousness about building real fab talent, not just engineering slides. Terafab is a joint venture between Tesla, SpaceX, and xAI targeting Intel's 14A process node, with plans to scale from 100,000 wafer starts per month toward 1 million. SpaceX's S-1 filing pegged total potential investment at $119 billion.

For chip architects and infrastructure planners, Jiang's appointment underscores a critical gap: Tesla has zero semiconductor manufacturing experience and cannot close it with a single hire, no matter how senior. Intel spent decades building the institutional knowledge Jiang represents. However, the decision to recruit from Intel's advanced-node operations rather than hire generic program managers shows Terafab is moving beyond concept work. Intel formally joined the project as a manufacturing partner in April 2026, providing 14A process technology and packaging expertise.

Sources