From Meta to Samsung, global tech unleashes spending to chase AIBloombergThe world’s largest tech firms show no signs of easing up on artificial intelligence (AI) spending, a record wave that’s propelling hardware providers like Samsung Electronics Co and SK Hynix Inc. That is even as doubts persist about the staying power of AI demand to justify all that capital. Its suppliers have responded in kind: Yesterday, SK Hynix said it plans a “considerable increase” in capital expenditure, and Samsung said it is ratcheting up spending on its memory production capacity. Memory supply cannot keep pace with demand, SK Hynix’s DRAM marketing head Park Joon-deok said on a conference call yesterday. On the other hand, Meta chief Mark Zuckerberg talked about “a major AI acceleration” that’s been brewing within the tech industry for over a year. Samsung is close to obtaining certification from Nvidia for the latest version of its AI memory chip.
