South Korea’s 2nd largest chipmaker to invest $75B in AI through 2028
The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul.
Related Posts
Price Analysis 6/22: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, CRO, ADA
The current economic environment has made it difficult for pension funds to sustain their expected rate of return. The U.S. Federal Reserve has continued along the path of cutting rates to zero and it seems likely to keep them there for at least a couple of years. This means pension funds may be forced to…
Public VC Funding: Stopgap or Future Solution for Blockchain Startups?
Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go. Private investors have been walking away from startup deals lately, looking to conserve working capital in uncertain economic times. But fortuitously, governments and government-like entities have been rushing in to fill the gaps.Richard Fetyko,…
Prime Trust bankruptcy spotted by crypto community months ahead
Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million. Although the news of the company’s financial instability broke mid-way through August, members…
CNBC Host Goes Full Bitcoin Maximalist With $55K Forecast After Halving
Former Bitcoin (BTC) bear Joe Kernen has predicted that the coin could hit $55,000 by May 2020, the date of Bitcoin’s next halving.The Squawk Box co-host appears to have undergone a full conversion to Bitcoin maximalism, surprising his show guest — Fairlead Strategies managing partner Katie Stockton — on July 29 with his forecast that…
Major Chinese Bank Updates Blockchain Platform After $50 B Transacted
The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume.CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic of China, announced the release of…
Top-20 Coins Experience Downward Trend, BTC Sticks Near $8,600
Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing a downward trend.Cryptocurrency market daily overview. Source: Coin360After jumping from an intraday low of around $8,200 up to nearly $8,600…
Report: India ranks third in the world in terms of Web 3.0 workforce size
There are currently 450 Web 3.0 startup in the country, including four unicorns. 342 Total views 6 Total shares According to a new study published by the National Association of Software and Services Companies (NASSCOM), a non-profit organization in India with over 3,000 members, the country currently possesses 11% of the world's Web 3.0 talent.…
NFT utility to remedy ticketing dilemmas? Experts weigh-in
The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing.Counterfeit tickets played a massive role in the chaotic scenes that played out…