Now everyone wants to shake this money tree, starting with South Korea’s left-wing government, which views the chipmaker as the solution to the country’s socioeconomic problems. SK Hynix's shares tumbled 10% in Seoul on Monday after the US debut.
Alphabet, Amazon. com, Meta Platforms, Microsoft and Oracle, the five biggest spenders on new data centres in the US, collectively added some $350 billion to their debt obligations in the last five years, according to data compiled by Bloomberg.
The unit of Reliance Industries Ltd., which boasts 500 million monthly users, is using OpenAI’s technology to move beyond traditional recommendations, envisioning an AI-powered platform where conversations help users discover shows, buy products and eventually influence what gets made.
The software hub of Bengaluru in the south is now where Meta’s engineers are building their proprietary silicon, while Gujarat on the west coast takes the lead in generating power for the token factories. That’s where Adani has put up the world’s largest single-location clean-energy project as part of a $100 billion AI compute push. Now Ambani is upping the ante with a 550,000-acre facility, three times the size of Singapore.
Working more closely with customers will help them implement AI more efficiently and inform Microsoft’s own product development decisions, Judson Althoff, chief executive officer of Microsoft’s commercial business, said in an interview.
For decades, the Indian Space Research Organisation has launched cost-effective, pioneering missions, including the world’s first landing near the Moon’s south pole. The national agency, which allows startups to use its facilities for early tests, will soon share technology involving its workhorse rocket to speed up local knowhow.
The markets dominated by a handful of players tied closely to the AI supply chain have surged. Taiwan’s benchmark, riding chiefly on chipmaker giant Taiwan Semiconductor Manufacturing Co.’s gains, has risen 54% this year, while Korea’s Kospi index, powered by high-bandwidth memory leaders SK Hynix Inc. and Samsung Electronics Co., has roughly doubled.
The exits highlight the pressure Google faces from two startups that are on the cusp of going public, offering even well-heeled employees at Big Tech firms the chance at a rare payday by signing on before an IPO.
The planned US debut has been a much-awaited event for global money managers, who longed for easier, direct access to the leading supplier of high-bandwidth memory.
Zuckerberg has also displayed similar ambitions before. A decade ago, he approached the Indian data market with the promise of Free Basics, a walled garden in which the Silicon Valley behemoth and its partners would have been the banyan tree providing shade from high data costs.
Microsoft finds it useful to have a presence in China to keep up with local innovations and serve multinational customers, according to a person familiar with the company’s thinking. The China operation remains relatively small and accounted for only about 1.5% of overall revenue in 2024, President Brad Smith said during congressional testimony.
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