AI Reading for Wednesday July 8

Grok, paper, scissors: OpenAI plans wider rollout of GPT-5.6 Thursday as Musk announces competing Grok 4.5 release. - Business Insider

OpenAI will widely release GPT-5.6 Thursday and expand its preview globally after a limited, government-pressured rollout. - Bloomberg

SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, after delaying it to improve efficiency. - The Information

MiniMax is reportedly developing a 2.7 trillion-parameter model, M3 Pro, due as early as Q3 2026, with plans to open-source it - The Information

Top tick or buy the dip? JPMorgan calls the AI chip selloff a buying opportunity given tight supply, while Morgan Stanley's Michael Wilson says the rally is fading and liquidity-driven - BeInCrypto

Jensen’s inequality: Nvidia has shed about $1 trillion in market value since mid-May, a 16% drop to its cheapest valuation since before the AI boom - Bloomberg

Nvidia's upcoming Vera Rubin chip delivers 10x inference throughput per watt and one-tenth the cost per token versus Blackwell, CoreWeave says. - SiliconANGLE

Importing chips like we used to import oil: Surging AI chip demand helped widen the U.S. trade deficit 42% in May to $77.6 billion, as semiconductor imports climbed. - The Wall Street Journal

Moonshot priced in: Samsung's chip division posted a 19x profit jump, passing Nvidia as the world's most profitable tech company this quarter, stock dropped on apparent disappointment. - Tom's Hardware

Investors rotating out of AI chipmakers pushed Korea's Kospi into a bear market while Hong Kong's China index surged. - Bloomberg

Self-driving startup Turing is cutting its five-year Nvidia exclusivity, tapping AMD for 10% of AI training as chip rivalry intensifies. - Yahoo

Mad Max: Fury Rack: South Korean startup FuriosaAI is bringing its RNGD AI accelerator chips to Europe, activating servers at Equinix's Lisbon datacenter to rival Nvidia. - theregister

MAI way or the highway: Microsoft looks to replace OpenAI and Anthropic in Excel and Outlook with MAI models over costs, with surcharges possible for outside models. - Yahoo

Microsoft's 2026 Work Trend Index shows AI increasingly handling managerial tasks, raising psychological costs for employees. - Forbes

Perplexity has quietly built an internal AI coding tool called Teammate, used by engineers since May, aiming to rival Cursor and Claude Code - Business Insider

US House committees are investigating Chinese AI model use by Cursor and Airbnb, weighing procurement bans to curb adoption. - CNBC

"Jailbroken" GLM 5.2 with fewer safety guardrails are circulating. - Futurism

Bottle service frontier models vs. store brand cola from China? AI is becoming a bargain hunter's market, with a few luxury models on top. Inference is become a commodity except for frontier models - theregister

Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge - CNBC

Models like DeepSeek and GLM are breaking through b/c the cost of quality inference is so much lower but OpenRouter numbers probably overstate the situation by a lot. OpenRouter tilts very academic and small business, "US companies" typically use enterprise hosting in AWS, Azure, Google Cloud. Also important to note these are hosted open source models, often with US-based inference providers.