**AI Briefing** **OpenAI: AI Infrastructure Investment Hits $1.4 Trillion; IPO a Likely Option** OpenAI CEO Sam Altman revealed that the company’s total infrastructure commitments exceed 30 gigawatts (GW), with investments totaling approximately $1.4 trillion. OpenAI aims to build factories capable of producing 1 GW of computing power weekly while significantly reducing AI compute costs to around $20 billion per GW over a five-year lifecycle. Given the substantial funding requirements, Altman suggested that an initial public offering (IPO) is the most probable path forward.

**Blackstone and Saudi AI Firm Humain Sign $3 Billion Data Center Deal** Blackstone Group partnered with Saudi AI company Humain to develop data centers in Saudi Arabia, with an initial investment of $3 billion. Blackstone and AirTrunk, backed by Canada Pension Plan Investment Board, will collaborate with Humain to finance, develop, and operate data centers and AI infrastructure across the kingdom. Humain CEO Tareq Amin stated the goal is to position Saudi Arabia as the world’s third-largest AI infrastructure provider.

**Musk’s AI-Driven Wikipedia Competitor Officially Launches After Turbulent Start** Elon Musk unveiled an early version of "Grokipedia," an AI-powered encyclopedia, on Monday. The site experienced temporary outages shortly after launch but resumed normal operations hours later. Musk described the release as "Grokipedia 0.1," promising a 10x improvement in the upcoming 1.0 version. He claimed the current iteration surpasses Wikipedia in quality and neutrality. The service, named after xAI’s large language model Grok, is positioned as a "less biased" alternative to the free online encyclopedia.

**Magnificent Seven Highlights** **Nvidia GTC Conference: Chip Shipments Surge, New GPUs to Generate $500 Billion Revenue** Nvidia (NVDA.US) CEO Jensen Huang dismissed concerns about an AI bubble, projecting that the company’s latest chips will generate $500 billion in revenue over the next five quarters. At the GTC event in Washington, Huang highlighted the Blackwell processor and next-gen Rubin model as key drivers of unprecedented sales growth. The conference showcased collaborations with Uber, Palantir, and CrowdStrike to integrate AI into products. Nvidia also introduced a system linking quantum computers with AI chips. Huang emphasized the industry’s inflection point, where AI models are now powerful enough to justify costly infrastructure investments. Nvidia’s stock rose nearly 5%, surpassing $200 for the first time.

**Apple Accelerates OLED Transition: iPad Mini Upgrade Expected by 2025, MacBook Air to Follow in 2028** Apple (AAPL.US) plans to upgrade its MacBook Air, iPad mini, and iPad Air with OLED displays. The iPad mini will be the first to adopt OLED, potentially launching next year with a $100 price hike, waterproofing, and portless speaker systems. The iPad Air will retain LCD for now but transition to OLED later, while the MacBook Pro will be the first Mac with OLED. The MacBook Air upgrade is slated for around 2028.

**Tesla Identifies Internal CEO Candidates Amid Musk’s Uncertain Future** Tesla (TSLA.US) has begun evaluating internal CEO successors in case Elon Musk’s $100 billion compensation package fails at next week’s shareholder vote, according to board Chair Robyn Denholm. She urged shareholders to approve the performance-linked package, stressing Musk’s irreplaceable role in Tesla’s autonomous driving and robotics ventures. The proposed package includes 12 equity milestones tied to an $8.5 trillion market cap and technological breakthroughs. With key executives departing in recent years, CFO Vaibhav Taneja and SVP Tom Zhu remain Musk’s closest deputies.

**OpenAI Strikes Major Deal to Transition to For-Profit; Microsoft Extends Licensing to 2032** Microsoft (MSFT.US) backed OpenAI’s restructuring as a public benefit corporation (PBC), valuing its 27% stake at $135 billion post-recapitalization. Microsoft secured extended licensing rights to OpenAI’s models—including future AGI systems—until 2032 and retains a 20% revenue share. The deal also includes a $250 billion Azure cloud order.