Headquarters of Samsung in Mountain View, California, on October 28, 2018.
Smith Assortment/gado | Archive Images | Getty Photos
Shares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the 2 corporations partnered with artificial-intelligence main OpenAI as a part of the U.S. agency’s Stargate initiative.
Shares of Samsung hit their their highest since January 2021, rising over 4%, whereas SK Hynix inventory surged greater than 9% to hit its highest since 2000.
OpenAI stated in a press release that this partnership will “deal with rising the provision of superior reminiscence chips important for next-generation AI and increasing knowledge heart capability in Korea.”
The ChatGPT-maker stated the 2 chipmakers plan to scale up manufacturing of superior reminiscence chips, that are important to energy its AI fashions.
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