Business

IBM shares plunge 25% as AI spending boom disrupts business

IBM shares plunged 25% Tuesday after the U.S. tech giant released disappointing preliminary second-quarter results, blaming a shift in customer spending because of expected higher prices for memory chips and other AI-related ...

Electronics & Semiconductors

AI ignites 'ignored sector' for Japan chipmaker Kioxia

Robotic transporters carrying silicon wafers whizz by on overhead rails at a new factory that Kioxia, one of Japan's most valuable companies, hopes can help it meet overwhelming AI-driven demand.

Machine learning & AI

South Korea promises free homegrown AI chatbot this year

South Korea plans to launch a free artificial intelligence chatbot service powered by domestic technology this year, Seoul said Tuesday, seeking to reduce reliance on foreign platforms.

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