Ming-Chi Kuo reports that OpenAI is working with MediaTek, Qualcomm $QCOM and Luxshare on an AI-first smartphone targeted for 2028 mass production.
The idea is to replace app grids with agent-driven task flows, with on-device AI for context and cloud AI for heavier work.
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Nvidia $NVDA just announced its next-generation AI chip, called Rubin.
It is 5x more powerful than the previous Blackwell chip.
Jensen Huang is unstoppable.
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The Japanese Yen is facing a significant decline against the U.S. Dollar, nearing the 160 level, marking an eighth consecutive day of depreciation.
This situation has prompted Japan's top currency officials, including Kanda and Suzuki, to express readiness to intervene in the currency markets 24 hours a day if deemed necessary.
They have emphasized the negative economic impact of excessive foreign exchange (FX) fluctuations and the importance of currencies moving in a stable manner reflecting fundamentals.
The U.S. has recently placed Japan on a currency manipulator watch list, adding complexity to the situation.
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