TECH NEWS

SK Hynix’s Nasdaq listing draws more than seven times the shares on offer

SK Hynix’s American listing has been more than seven times oversubscribed, according to people familiar with the deal, a sign of heavy demand for one of the largest share sales Wall Street has fielded from a foreign company.

The South Korean memory-chip maker was due to price its offering of American depositary receipts on Thursday, ahead of a Nasdaq debut on 10 July, a step it first signalled earlier in the year.

The company is selling 177.9 million ADRs, each representing one-tenth of a common share, under the ticker SKHY. Bookbuilding, which opened on 6 July, closed early on Wednesday US time after orders covered the book several times over, the sources told Bloomberg and Reuters.

Demand came from a broad mix of institutions, including global long-only funds, technology-focused funds, sovereign wealth funds, and Asia-focused investors. Baillie Gifford, funds managed by Coatue Management, and Situational Awareness Partners had separately indicated...

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Brown says AI make class dumb, teacher must help use better

AI and ML Brown says AI make student brain no work good, teacher should help use it better Take-home midterm row sharpens fears that the tools are dulling minds and easing cheating Students and faculty at Brown University are worried generative AI could harm learning after an economics professor'

After losing about $1 billion in Reaper drones over Iran, the US wants a disposable alternative

Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. Ripple effect: The US campaign against Iran is estimated by one tracker to have cost over $113 billion, a figure that includes the loss of dozens of Reaper drones collectively worth about $1 billion.

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Smarter, not faster: AI infra’s sobering effect on fiber strategy

While the AI data center boom is undoubtedly an opportunity for the fiber industry, it also presents something of a challenge. Sure, investment in network infrastructure is rarely a bad thing. I can’t help, however, getting flashbacks to the early 2000’s - operators pouring billions into fiber, without

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Meta launches a Meta Model API, whose pricing Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models

Sponsor Posts Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens. Stop vibe coding analytics — Equals AI turns questions about your business into

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Brown says AI make class dumb, teacher must help use better

After losing about $1 billion in Reaper drones over Iran, the US wants a disposable alternative

Smarter, not faster: AI infra&rsquo;s sobering effect on fiber strategy

Meta launches a Meta Model API, whose pricing Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models

Smarter, not faster: AI infra’s sobering effect on fiber strategy