SK Hynix rises 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy
Shares of South Korean memory chipmaker SK Hynix rose 14 per cent as they made their debut on Wall Street as demand for chips is surging.
ADVERTISEMENT
Shares of South Korean memory chipmaker SK Hynix rose 14 per cent as they made their debut on Wall Street as demand for chips is surging.
Apple accused OpenAI of stealing trade secrets as it seeks to build its own hardware for ChatGPT, a major rupture between the technology companies.
It will be four years before a new natural gas-fired power plant north of Edmonton is operating and able to serve the massive data centre Meta Platforms Inc. is planning to build nearby.
A Meta Platforms Inc. executive boasted that a data centre planned for north of Edmonton would use less water annually than a typical Alberta golf course.
OpenAI on Thursday unveiled ChatGPT Work, an agent in its popular chatbot designed to execute tasks across different applications and files, marking the startup’s latest push into workplace automation.
The New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a fight over copyright.
Venture capitalists, board directors and early employees of SpaceX and other AI companies, along with bankers shepherding anticipated IPOs, are channelling fresh wealth into private aviation, turning it into an early beneficiary of the AI boom.
Tech giant Meta announced it will build a massive data centre in central Alberta as it rapidly builds out computing capacity to support the global AI boom.
The Canada Pension Plan Investment Board is investing $2.4 billion with Swedish private equity firm EQT and its EdgeConneX data centre developer and operator to build AI infrastructure.
The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with the matter said.
Hot weather of the kind sweeping the eastern U.S. drives up electricity demand for data centres, adding to their strain on power grids and worsening air quality for surrounding areas.
OpenAI has discussed giving the U.S. government five per cent stake, the Financial Times reported on Thursday, as AI firms face scrutiny in Washington over the likely misuse of advanced models and whether Americans would benefit from the industry’s massive valuations.
South Korea announced three “mega projects” on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics, SK Group and government ministries outlining investment plans.
The Conservative Party of Canada used AI to generate footage for an ad shared to their social media in June. Experts say to expect more of the same from political parties in the near future
ChatGPT maker OpenAI said it is restricting the release of its new artificial intelligence model at the request of U.S. President Donald Trump.
Most of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check.