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05 Dec 2025

AMD's Lisa Su dismisses AI bubble fears as chip demand surges with OpenAI deal

AMD CEO Lisa Su has emphatically rejected concerns about an AI bubble, calling such fears "somewhat overstated" at WIRED's Big Interview conference. Her comments come as AMD prepares for a massive 6-gigawatt Instinct GPU deployment with OpenAI and navigates a 15% export tax on MI308 chips bound for China.

7 Sources

Arm to launch chip design school in South Korea, training 1,400 specialists for AI push

SoftBank's Arm signed a deal with South Korea to establish a chip design school that will train 1,400 specialists by 2030. The initiative aims to strengthen the country's semiconductor and AI industries as South Korea positions itself among the world's top three AI powers.

3 Sources

AI Bust Expected Within 12 Months But Rebound Will Be Bigger Than Internet Era, Says NTT Data CEO

NTT Data Inc. CEO Abhijit Dubey warns that the AI boom is headed for a bust as enterprise demand lags behind the capital rush into AI infrastructure, creating data center overcapacity. However, he predicts the correction will be short-lived, with a bounce back much bigger than the Internet era and compressed into a shorter timeframe.

2 Sources

Moore Threads surges over 500% in blockbuster Shanghai IPO as China accelerates chip independence

Moore Threads, dubbed 'China's Nvidia,' skyrocketed over 500% in its Shanghai trading debut after raising $1.1 billion. Founded by ex-Nvidia executive James Zhang, the Chinese chipmaker's explosive market entry reflects Beijing's aggressive push for semiconductor independence amid tightening US export controls on advanced AI chips.

6 Sources

OpenAI NextDC strike $4.6 billion deal to build massive AI data centre in Sydney

ChatGPT maker OpenAI and Australian data centre operator NextDC have signed a memorandum of understanding to develop a $7 billion AI campus in western Sydney. The hyperscale facility will house a GPU supercluster, run entirely on renewable energy, and create thousands of jobs during construction and operation.

4 Sources

AMD confirms it will pay 15% tax to resume AI chip shipments to China under Trump deal

AMD CEO Lisa Su announced the company has secured U.S. export licenses to ship MI308 AI chips to China and is prepared to pay a 15% tax on these exports. The move follows a Trump administration deal with AMD and Nvidia, though China is simultaneously pushing state-funded data centers to adopt domestically produced AI chips instead of foreign silicon.

3 Sources

04 Dec 2025

UiPath beats Q3 expectations with first profitable quarter as AI orchestration gains traction

UiPath delivered its first GAAP profitable quarter with revenue of $411 million, up 16% year-over-year, surpassing Wall Street expectations. The business automation software company is doubling down on agentic AI orchestration, positioning its Maestro platform as the critical layer that coordinates AI-powered agents with traditional automation to deliver enterprise value.

3 Sources

Meta Platforms slashes metaverse spending by 30% to double down on AI investments

Meta Platforms is cutting metaverse spending by up to 30% in 2026, with potential layoffs starting in January. The shift comes after Reality Labs lost over $70 billion since 2021, prompting Mark Zuckerberg to reallocate resources towards AI initiatives that are already driving engagement and ad revenue growth across the company's platforms.

5 Sources

Meta prepares to slash metaverse budget by 30% after $70 billion in losses, pivots to AI

Meta is planning to cut its metaverse budget by up to 30 percent as early as January 2026, affecting Reality Labs units working on Quest VR headsets and Horizon Worlds. After accumulating over $70 billion in losses since 2020, Mark Zuckerberg is redirecting investments toward AI-powered smart glasses and wearables, where Meta Ray-Bans have exceeded internal sales targets.

11 Sources

RAM Prices Explode 240% as AI Data Centers Create Global Memory Shortage Crisis

Consumer RAM prices have surged over 240% on Amazon as AI data centers consume massive quantities of DRAM chips. Samsung, SK Hynix, and Micron—controlling 95% of global production—are prioritizing AI demand over consumer devices. The crisis could last until 2028 and impact pricing for laptops, smartphones, and gaming consoles.

2 Sources

C3.ai's new CEO confronts mounting losses and sales chaos with detailed turnaround strategy

C3.ai reported a $104.7 million loss despite 7% revenue growth as new CEO Stephen Ehikian implements a comprehensive turnaround plan. The enterprise AI firm faces ongoing challenges from leadership instability and sales execution failures following founder Tom Siebel's health-related departure, though Ehikian insists demand for enterprise AI remains strong and the company has a clear path forward.

2 Sources

Vietnam's First AI-Powered PayLater Card Set to Transform Financial Inclusion in 2026

Visa, Pismo, and Circle Asia Technologies are launching Vietnam's first AI-powered PayLater card in early 2026. The card uses AI modeling to approve customers and issue virtual credit cards in under five minutes, bypassing the need for traditional bank accounts. The initiative targets Vietnam's low credit card penetration and aims to unlock credit access for millions.

2 Sources

RBC targets up to C$1 billion in enterprise value from AI by 2027 as deployment accelerates

Royal Bank of Canada is on track to generate between C$700 million and C$1 billion in incremental enterprise value from AI by 2027. The bank has deployed AI across multiple functions, from its proprietary ATOM foundation model for credit adjudication to RBC Assist reaching over 30,000 employees, positioning itself among global banking leaders in AI research.

2 Sources

IBM's CEO says AI industry isn't a bubble, but a race for 7.5 billion subscribers worldwide

IBM CEO Arvind Krishna rejects fears of an AI bubble, arguing the industry mirrors social media's evolution where a few winners emerged from many competitors. Speaking on The Verge's Decoder podcast, he explains that success depends on capturing subscribers at scale, though he acknowledges uncertainty about which companies will ultimately dominate the market.

2 Sources

OpenAI and TCS advance talks on HyperVault partnership to build AI compute infrastructure in India

OpenAI is negotiating a leasing agreement for at least 500 MW of data centre capacity from TCS' HyperVault subsidiary, positioning itself as the first anchor tenant. The partnership would launch OpenAI's Stargate India initiative and help TCS become a leading AI-led services company through co-developed agentic AI solutions for enterprises.

2 Sources

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