SK Hynix to Invest $75 Billion in Chips
SK Hynix Inc., the semiconductor unit of South Korea’s SK Group, intends to invest 103 trillion won ($74.8 billion) in the chip area by 2028.
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Meta Faces EU Charges Over ‘Pay or Consent’ Policy
EU regulators believe Meta may leave its users no other viable option but to allow tracking their personal data for advertising purposes with its ‘pay or consent’ policy.
China’s Central Bank to Borrow Treasury Bonds From Primary Market
On Monday, July 1, the People’s Bank of China announced its intention to borrow treasury bonds from some traders in the primary market shortly.
Samsara Eco Raises $65M Funding Round to Expand Its Plastic-Eating Enzymes
Samsara Eco proprietary technology uses enzymes to disaggregate plastic waste into raw materials, which can eventually be transformed into the foundation for new products.
Innotron to Invest $2.4 Billion in New Chip Plant
The controlling company of the largest Chinese chip manufacturer ChangXin Memory Technologies (CXMT) Inc. invests at least 17.1 billion yuan ($2.4 billion) in an advanced packaging plant in Shanghai that can be used to make AI memory.
Baidu Launches Upgraded AI Model
Chinese Internet search giant Baidu on Friday, June 28, presented a new version of its Ernie 4.0 Turbo artificial intelligence model.
Meta Considers News Blocking From Facebook in Australia
Meta is currently considering blocking news content on its Facebook digital platform in Australia.
Honor CEO Says About Importance of Security Amid AI Development
Chief Executive Officer of Honor George Zhao, during a conversation with media representatives, said that the transformative power of artificial intelligence has no value if user data is not protected.
IMF Says About US Big Deficit
The International Monetary Fund (IMF) said last Thursday, June 27, that the United States currently has too big a fiscal deficit, and this country is burdened with too much debt.
UK GDP Demonstrates Growth
The economy of the United Kingdom left the territory of the materialization of the negative recession scenario ahead of the time that experts and analysts predicted.
Thomas Barkin Says About US Ongoing Battle Against Inflation
Thomas Barkin, President of the Federal Reserve Bank of Richmond, said that the process of combating inflation is currently underway in the United States.
Gulf Edge & Google to Develop Sovereign Cloud Service in Thailand
Google Cloud and Gulf Edge are bound to deliver innovative AI-ready sovereign cloud services in Thailand in compliance with the country’s stringent data residency, security, and privacy requirements.
Bolivia Lifts Crypto Ban
After a four-year ban, Bolivia authorized crypto payments in the country.
99% of Businesses to Use AI for Financial Reporting by 2027: KPMG
Besides the nearly universal use of artificial intelligence in financial reporting, companies also expect auditors to increasingly use AI to drive more proactive and predictive evaluation.
SoftBank to Invest in AI Startup Perplexity
Vision Fund 2, part of the ownership structure of SoftBank Group Corp., invests in the startup Perplexity, which operates in the artificial intelligence industry.
Nubank Acquires Hyperplane
Nubank’s digital banking platform has implemented the deal to acquire Hyperplane, a company specializing in data intelligence.
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