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FCA Defends Palantir Contract Before Lawmakers

Britain’s Financial Conduct Authority defended its decision to award a contract to Palantir for artificial intelligence tools, after lawmakers raised concerns about the company’s growing presence across public institutions. The contract covers a 12-week project to analyze the FCA’s internal data to help fight financial crime. During questioning in parliament, officials said Palantir would not […]

SK Hynix Places $8B Order for ASML Chip Tools

SK Hynix has announced a major purchase of chipmaking equipment from ASML, committing nearly $8 billion in what is the largest publicly disclosed order for the Dutch supplier’s lithography systems. The deal covers extreme ultraviolet (EUV) machines, which are critical for producing advanced semiconductors used in artificial intelligence and high-performance computing. The equipment will be […]

AI Boom May Trigger Storage Chip Shortages

Rising demand for artificial intelligence could lead to shortages not only in memory chips but also in data storage components, according to a Solidigm executive. As AI systems process increasingly large datasets, the need for high-performance storage is growing rapidly. Solid state drives, which play a key role in feeding data to AI processors, are […]