QtrendsTech giants race for AI chip supremacy
Alibaba's semiconductor unit T-Head has tripled its capital for the first time in over three years, betting big on AI hardware as the company builds full-stack AI infrastructure from models to chips to cloud services. Meanwhile, Alphabet lost $225 billion in market value amid concerns it is losing the AI talent war. Google, Tesla, and AMD are turning to Samsung for AI chip manufacturing, signaling a reshuffling of the semiconductor supply chain.
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WhatsApp is getting a new leader as Will Cathcart steps back, with Meta appointing the founder of a $4 billion Indian startup to take the helm. The move signals Meta's push to solve WhatsApp's long-standing revenue puzzle in its largest market. The appointment marks a major leadership shakeup for the messaging platform that serves over 2 billion users worldwide.
Ten years after the landmark referendum, Britain is still grappling with the economic consequences of Brexit. CNN, CNBC, and the New York Times all run comprehensive assessments showing how the UK has changed since leaving the European Union. The reporting highlights persistent trade frictions, labor shortages, and a diminished global standing as the lasting costs of the decision.
Alan Greenspan, who led the Federal Reserve for nearly two decades across multiple administrations, has died at age 100 at his home in Washington. As the second-longest-serving Fed chair in history, he presided over a period of sustained economic growth and was widely celebrated as a monetary maestro. His death has prompted reflections on his outsized influence on American economic policy.
Greenspan's death has reignited debate over his legacy, with analysts divided between his early reputation as the greatest central banker in history and his later role in the 2008 financial crisis. Questions around the 'Greenspan put' and his tendency to shield markets from downturns are being revisited. His influence even extends to current Fed Chair Warsh, who is studying Greenspan's approach as he shapes his own tenure.