OpenAI plans to buy Google's AI chips, The Information reports - Reuters

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• SK Hynix expects memory shortages to persist through at least 2030; it has long-term deals with 14 major buyers for 50%+ of its output in 2027 and 2028 (Simon Sharwood/The Register)

  SK Hynix, anticipating memory shortages for the next decade, has secured 50% of its output for 2027 and 2028 through long-term contracts with 14 major buyers.

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• Sources: Fujifilm plans to increase magnetic tape production capacity fivefold to meet AI-driven storage demand, its biggest production expansion in ~20 years (Nikkei Asia)

  The company aims to boost production capacity by 500% to address the increasing need for storage solutions that can handle the demands of artificial intelligence. This move follows a period of rapid growth in the AI market and reflects Fujifilm's commitment to adapting to changing technological trends.

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• Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO

  Jio Platforms' IPO, which raised $3.2 billion, saw its shares soar 21.4% on its debut, making it the country's largest-ever offering. The oversubscribed 22 times event led to a 302 billion rupee raise.

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