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South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing
South Korean chip maker SK hynix has priced a major US stock listing aimed at raising $26.5bn, making it one of the largest share sales in history. The company, a key supplier of advanced memory chips to Nvidia, has seen its profits surge amid the global rush to build AI datacentres, and the flotation reflects…
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Reeves to launch City ‘skills compact’ committing firms to retrain staff in AI
Chancellor Rachel Reeves is set to launch a government-backed City “skills compact” that will commit major financial firms to retraining thousands of UK staff for the AI era. The initiative, to be announced on Tuesday during what is likely her final Mansion House speech before Andy Burnham’s expected move into No 10, responds to fears…
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After Apple, India’s smartphone manufacturing boom enters new phase with Vivo JV
Vivo’s joint venture could become a template for Chinese smartphone makers in India.
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The Rolling Stones Roll On With ‘Foreign Tongues’: Stream It Now
The Rolling Stones have released Foreign Tongues (via Polydor/Universal Music), their 25th studio album and the follow-up to the Grammy-winning 2023 record Hackney Diamonds. The 14-track set is available to stream now, marking the continued creative output of a band often described as rock’s greatest surviving act. The album features 12 new compositions — including…
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SAG-AFTRA Recommends Members Opt-Out Of Meta’s AI Feature: “Take Action To Protect Your Likeness”
The actors’ union SAG-AFTRA has urged its members, and all Instagram users, to opt out of Meta’s newly launched AI image tool, Muse Image, amid growing privacy concerns. In a statement issued on Thursday, the union provided instructions on how to adjust Instagram’s settings to “protect your likeness”, warning that “Meta now lets anyone use…
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Telstra CEO says executive bonuses to be reviewed after nationwide outage – video
Telstra’s chief executive, Vicki Brady, has faced intense questioning for the first time since a nationwide outage on Wednesday disrupted the Australian telecommunications company’s network. The failure affected train services, payment systems and triple zero emergency calls, making it a serious incident given the potential public-safety implications of losing access to emergency lines. Returning from…
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Above a coma: Essex mental health inquiry hears grim testimony
The Lampard Inquiry heard a scandal-hit Essex hospital’s ideal patient was medicated near-comatose; Block settles Cash App fraud claims for $45m, and Deltarune’s fifth chapter smashes Steam records.
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Another F-Zero Album Joins The Nintendo Music Library This Week
Nintendo has added the soundtrack to F-Zero 99 to its Nintendo Music app this week, expanding the collection available to Switch Online subscribers. The Switch Online battle royale title’s album joins the existing SNES and N64 F-Zero soundtracks already hosted in the app, continuing a run of recent F-Zero content that some fans have taken…
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‘Cool in 90 seconds’ – the fake portable air conditioners sweeping the internet
The ASA says adverts claiming small devices can rapidly cool rooms were too good to be true.
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South Korean chip giant SK Hynix raises $26.5bn in US share sale
South Korean chip maker SK Hynix has raised $26.5bn (£19.8bn) through a share offering in New York, the largest ever US listing by a foreign company. As a key supplier to Nvidia and one of the world’s biggest manufacturers of the advanced memory chips used in AI infrastructure, the move gives the firm easier access…