Samsung’s sudden US$122 billion wipeout shows the cost of sleeping on AI
JUST a few months ago, Samsung Electronics looked primed to benefit from the global artificial intelligence (AI) boom: profits were ...
Tag: wipeout
Billionaire’s China supermarket deal causes swift wealth wipeout
UNTIL recently, China’s budget retail billionaire Ye Guofu had been on a roll, building his fortune as his stores proved ...
China billionaire’s 6-billion yuan supermarket deal with Giant owner, JD.com sees swift wealth wipeout
UNTIL recently, China’s budget retail billionaire Ye Guofu had been on a roll, building his fortune as his stores proved ...
Australia to phase out AT1 bonds for bank capital after Credit Suisse wipeout
AUSTRALIA’S banking regulator has proposed lenders phase out the use of additional tier 1 (AT1) bonds – the kind of ...
TSMC supplier’s CEO dismisses AI concerns after Nvidia wipeout
DEMAND for AI chips should spur growth for the semiconductor industry over the next few years, the CEO of a ...
Nvidia’s Jensen Huang loses US$10 billion in his biggest wealth wipeout
NVIDIA chief executive officer Jensen Huang’s wealth tumbled the most ever after a rout in chip stocks and a report ...
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