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From Meta to Samsung, global tech unleashes spending to chase AI
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The Business Times
PHOTO: REUTERS[SEOUL] The world’s largest tech firms show no signs of easing up on artificial intelligence (AI) spending, a record wave that’s propelling hardware providers such as Samsung Electronics and SK Hynix.
Its suppliers have responded in kind: On Thursday (Jan 29), SK Hynix said it plans a “considerable increase” in capex, and Samsung said it’s ratcheting up spending on its memory production capacity.
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On the other hand, Meta chief Mark Zuckerberg talked about “a major AI acceleration” that’s been brewing within the tech industry for over a year.
Samsung is close to obtaining certification from Nvidia for the latest version of its AI memory chip.