Local hyperscalers want to get in on generative AI explosion, but can only get pared-back chips

Hopes to reduce debt by nearly $1bn

But relax, this is no Carrington Event

And people still won't be able to get their hands on them

Money will go to replacing fire stations - just don't get injured

Big tech looks to keep the chip designer neutral

Test launch comes amid launch bottlenecks

After broader cuts in February

As Data4 and Compass acquisitions boost portfolio

Following a smaller round of cuts earlier this year

As AI boom requires higher rack densities

New company will initially focus on automotive and IoT

The big three hyperscalers double down on AI data center spend

You too could have your own mini Project Natick

Cashing in on generative AI hype for a large expansion

Impairment charge after shares keep falling

Hyundai will use the semiconductor designs in its cars

"We are distinctly seeing the first signs of the AI investment cycle in our pipelines and orders"

Size of the investment not disclosed

Soon will support the big three hyperscalers

Services will resume in October

But near-term headwinds as market digests existing buildout

Has already spent $1bn on buying land for AI land grab

Few details, but company draws big-name talent