Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn clubEmployees at Samsung Electronics’ memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits.Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said 74% of the 62,616 workers who cast their votes had backed the deal. Continue reading...
TECHNOLOGY
Neil Rimer thinks the AI money is coming back out
Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.
TechCrunch·5h ago
