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SoftBank is considering a bond sale of up to $20 billion to refinance borrowing tied to its expanding investment in OpenAI. Key Points: SoftBank is discussing a $10 billion to $20 billion bond offering that could arrive as early as September. The proceeds would partly refinance a $40 billion bridge

OpenAI says Jalapeño beat Nvidia GB300 in two inference benchmarks at 700 watts, with deployment planned later in 2026 to cut costs and speed responses. Key Points: OpenAI says Jalapeño led Nvidia’s GB300 in throughput per unit of power and response speed during testing. The 700-watt inference chip

Alabama subpoenaed OpenAI over the July Hugging Face hack, issuing 16 requests for records as it investigates possible violations of state consumer protection laws. Key Points: Alabama’s subpoena contains 16 requests covering safety controls, model records, prior unauthorized intrusions and damages

OpenAI CEO Sam Altman says he underestimated how slowly AI would reshape the economy as the company reported $6.7 billion in second-quarter revenue. Key Points: OpenAI reported $6.7 billion in second-quarter revenue as Altman acknowledged AI adoption is moving more slowly than he expected. Altman sa

OpenAI is urging California lawmakers to expand SB 53 with stronger frontier-model monitoring and cybersecurity rules, marking a shift from its opposition before the law was signed in 2025. Key Points: OpenAI wants frontier models monitored during training and evaluation for serious security-related