Big Business

South Korea's SK Hynix, the world's second-largest memory chip maker, plans to invest about $75 billion by 2028 to enhance its semiconductor business with a strong emphasis on artificial intelligence, according to a Sunday announcement from its parent company, SK Group. SK Group also aims to secure approximately $58 billion...

India is rapidly closing the gap with China and Vietnam in the realm of mobile phone exports. While China still leads, India is making significant strides. Chinese exports declined by 2.8% to $132.5 billion in FY24, and Vietnam experienced a more substantial drop of 17.6% to $26.27 billion. In contrast,...

The International Data Corporation (IDC) reported that the global AI software market, valued at $64 billion in 2022, is expected to grow at a compound annual growth rate (CAGR) of 31.4%, reaching $251 billion by 2027. Additionally, global AI market revenues are projected to grow at a CAGR of 19%,...

Artificial intelligence (AI) is often hailed as a remedy for numerous challenges in Africa. In Togo, AI assists in directing social funds to the poorest regions, while in Zambia, it helps combat misinformation during elections. However, as with any 'silver bullet' technology, solving one issue with AI can inadvertently create...

In December 2023, UBS researchers released a report detailing enterprise AI spending plans based on a survey of IT executives from around 130 organizations. The survey covered various AI components, including chips, models, cloud infrastructure, data, security, and application software. After more than six months, UBS has updated its findings,...

A recent study by the Hospitality Women's Innovation Council (WIC), comprising hotel brand executives, managers, and innovators, reveals a significant gap in the current hotel technology landscape. Only 20% of hotel professionals feel that their existing tech infrastructure is adequate for achieving efficiency, cost savings, and providing optimal guest care....

It was Arthur C. Clarke who noted “Any sufficiently advanced technology is equivalent to magic.” This is now widely cited in his book Profiles of the Future: An Inquiry into the Limits of the Possible (1962). Until now, this is the most fundamental thing the world looks out to when...

Fake websites, also known as phishing websites, are designed to trick unsuspecting users into providing sensitive information such as login credentials, personal information, or financial details. These fake websites can be created for various malicious purposes such as stealing personal information, distributing malware, or conducting fraudulent activities. But how can...

The co-founder of OpenAI, who departed from the leading artificial intelligence startup last month, has revealed his new initiative: a company focused on creating safe and powerful AI that might challenge his former employer. Ilya Sutskever shared the news about his new enterprise, Safe Superintelligence Inc. (SSI), in a post...

Amid global economic uncertainty and geopolitical tensions, Indian CEOs are intensifying their focus on technology transformation, with a particular emphasis on artificial intelligence (AI) to enhance productivity and fuel business growth, according to the latest insights from the EY CEO Outlook Pulse Survey specific to India. A striking 80% of...