South Korea plans more than $1 trillion in investments to expand chipmaking, AI data centres and robotics infrastructure. President Lee Jae Myung says the effort is aimed at securing AI leadership and reviving regions beyond Seoul.
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IBM says its new NanoStack chip design could fit 100 billion transistors on a fingernail-sized chip and deliver up to 50% better performance or 70% greater energy efficiency. The technology is not yet ready for mass production, with IBM projecting a possible path to manufacturing within five years.
Technology shares fell sharply around the world Tuesday as investors questioned whether AI spending will produce profits that justify lofty valuations. SpaceX, chipmakers and memory stocks led the declines, while inflation and interest-rate concerns added pressure.
The U.S. government is launching a major antitrust trial against Google on Tuesday, alleging that the search engine has illegally paid billions of dollars to companies to make it the default choice, blocked out competitors, and used its dominance to charge higher prices for advertisers. The trial will determine if Google has broken the law and what steps should be taken to rein in the company, with the results potentially having a major impact on the search engine industry.
Google is developing a new AI-powered search engine called Project Magi to compete with Microsoft's Bing, which is powered by generative AI technology. Google is also making changes to its existing search engine to make it more AI-friendly, introducing features such as natural language processing. Industry analysts are closely watching Google's efforts to stay ahead of the competition and ensure its search engine remains the go-to choice for users.