While generative AI holds transformative promise for some, for others it heralds large-scale job losses and widespread ethical and security challenges. Even if this technological revolution lives up to its potential, it is clear its benefits will take years to reach consumers and firms in poorer countries.
That Japan turned to TSMC for help on an industry it once dominated reflects the Taiwan chipmaker s dominant position in the foundry business and Tokyo s heightened concern over China s growing prowess in a wide swathe of technology.
India is competing with some of its key allies – the US and Europe – to attract chipmakers, and is offering a 50 per cent capital expenditure subsidy to successful applicants at the central level under its $10 billion incentive scheme, with state governments sweetening the deal further at their own end.
The Santa Clara, California chipmaker s quarterly report on Wednesday will be one of Wall Street s most watched events of the week. Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia s stock soaring 47% in 2024.