Memory chipmakers join trillion-dollar club amid AI boom

Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club Business live – latest updates Employees at Samsung Electronics’s memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits. Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said that 74% of the 62,616 workers who cast their votes had backed the deal. Continue reading...

The chip boom underscores the strategic importance of AI infrastructure, reshaping market dynamics and elevating global economic influence. The post Micron and SK Hynix join trillion-dollar club amid chip boom appeared first on Crypto Briefing.

Taiwan's AI-driven market surge highlights the shifting global investment focus towards hardware-centric economies, impacting emerging markets. The post Taiwan’s market valuation surpasses India’s as AI boom fuels rally appeared first on Crypto Briefing.

Oracle’s debt-heavy AI expansion shows how private credit has become both the fuel for the AI boom and one of its biggest hidden risks.

The AI shift is reshaping the mining landscape, creating opportunities for dedicated Bitcoin miners to expand amid reduced hardware costs. The post American Bitcoin notes AI boom softens ASIC market as miners pivot appeared first on Crypto Briefing.

OpenAI's secondary share sales highlight the growing trend of private companies leveraging employee equity to maintain talent and drive valuations. The post OpenAI employees sell up to $30M in shares amid AI boom appeared first on Crypto Briefing.

Crypto's strong ties to the Nasdaq highlight the influence of tech trends like the AI boom on market dynamics. The post Michael Nadeau: Crypto’s correlation with the Nasdaq is at an all-time high, the AI boom is driving current price trends, and understanding market bubbles is crucial for investors | Bankless appeared first on Crypto Briefing.

Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowers The private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned. A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. Continue reading...