Samsung’s $647bn home investment heads for the chip-starved southwest

Numbers in the trillions have a way of losing their edges, so it is worth holding this one still for a moment. Samsung is expected to announce plans to invest 1,000 trillion won, around $647.5bn, in S [...]

SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history

SK Hynix will buy back 40 trillion won of its own stock, about $28.6bn at prevailing exchange rates, in what Korean media are calling the largest repurchase ever announced by a listed company in the [...]

Netflix is adding short-form video from Variety, Rolling Stone, and BuzzFeed as it competes with YouTube and TikTok

Netflix is licensing short-form video content from publishers including BuzzFeed Studios, Condé Nast, Hearst Magazines, People Inc., Tastemade, and several Penske Media brands such as Variety, The Ho [...]

Trump Media is selling Wall Street faster access to Trump's market-moving posts

A new product will effectively allow Trump's company to sell early access to the president's market-moving posts [...]

Google is building a chip with Gemini baked into the silicon

Most AI chips are general-purpose. You load a model onto them, and they run it. Google is reportedly trying something stranger: a chip that is the model, with Gemini’s blueprint etched into the hard [...]

Patreon cut 20% of its staff. Its CEO insists AI isn’t replacing them.

Patreon is cutting a fifth of its staff. Its founder wants you to know it is not because of AI. On Thursday the creator-payments company laid off 93 people, about 20% of its workforce, as 404 Media fi [...]

Iran-linked group caught hiding surveillance tools in fake apps

Researchers at Recorded Future found evidence that an Iran-linked group is spreading MarkiRAT spyware through fake VPN and media player apps promoted on social media, targeting Farsi speakers worldwid [...]

Netflix edges past the BBC as UK viewers’ first choice

For the first time, a streaming service has overtaken the BBC as the place UK viewers say they turn to first. In Ofcom’s annual Media Nations report, published this week, Netflix was named first cho [...]

Senators Warren and Schiff are urging the SEC to investigate Trump Media's paid post feed

Senators Elizabeth Warren and Adam Schiff called the service an "outrageous abuse" of the presidency that could give Wall Street an unfair trading edge [...]