Technology

Blockchain

For PayPal Stablecoin Partner, $300T Error Is More Minor Mishap Than Real Risk

Photo via Andre M. Chang/ZUMAPRESS/Newscom

PayPal’s PYUSD is the world’s sixth-largest stablecoin with a current market cap of $2.7 billion, all fully-backed by US dollar deposits.

2 min read

Photo via ANP/ZUMA Press/Newscom

Semiconductors

Squeezed by Superpowers, Dutch Chipmaker Nexperia Seeks a Lifeline

The chip manufacturer, headquartered in the Dutch city of Nijmegen, was acquired in 2019 by state-backed Chinese semiconductor firm Wingtech.

2 min read
Photo by István Szitás via Unsplash

Artificial Intelligence

Bubble Fears Surface as Bull Market Turns Three

Respondents in Bank of America’s October Global Fund Manager Survey cited an AI bubble as the biggest tail risk facing the global economy.

2 min read
Photo via BING-JHEN HONG

Semiconductors

TSMC Shrugs Off Shrinking Chinese Market Share

The company still makes more than 90% of the world’s most advanced AI chips and is a leading supplier for nearly every major tech firm.

2 min read

Big Tech

Apple Amps Up China Ops Despite Trade Tensions

Photo via Liu Bin / Xinhua News Agency/Newscom

The announcement comes months after Apple said it’d invest $100 billion in US factories as part of its “American Manufacturing Program.”

2 min read

Energy

Nuclear Is Here To Save AI. But What About Your Energy Bills?

Photo illustration by Connor Lin / The Daily Upside

A nuclear boom is directly downstream from the AI boom, with $350 billion in nuclear spending in the US planned by 2050, per Bloomberg.

6 min read

Artificial Intelligence

OpenAI Powers Up With Massive Deal for AMD Chips

Photo via imageBROKER/Schoening/Newscom

OpenAI will put the chips to work in data centers that’ll power the staggering compute ChatGPT needs to remain everyone’s favorite therapist.

2 min read

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