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...Korea Zinc has also formed a joint venture with South Korea’s LG Chem for precursor production and is in talks with Singapore-based Trafigura for co-operation on nickel refining....
...SK Hynix is the world’s leading producer of high-bandwidth memory chips, crucial components in Silicon Valley giant Nvidia’s graphics processing units, which are used to train systems such as Open AI’s ChatGPT...
...Bernstein senior analyst Boris Van estimated that relying on chips similar to Nvidia’s V100 would at least double data processing costs....
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
...Even before Ticketmaster’s 2010 merger with concert promoter Live Nation, concert goers and sports fans complained about the platform’s high processing fees, surcharges and failure to crack down on ticket...
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...Processing AI on handsets also plays to the company’s strengths in privacy and security, making it easier to tap into user data to personalise its new services....
...Until now Indonesia has been the main country rich in battery metal resources that has managed to attract processing, battery and EV factory investments but Morocco offers an advantageous route for Chinese...
...SK Hynix is also developing an HBM4 chip that is expected to double processing speeds....
...Stripe will allow its employees to cash out about $1bn of stock at a valuation 30 per cent higher than last year, as the payments processing group continues to put off going public amid uncertainty in global...
...Faster data processing speeds and transfer rates require a larger number of chips that take up more physical space and consume more power....
...In May, the chief financial officer of LG Chem, the parent of LG Energy Solution, told investors its working assumption was that the US government would apply the same definition of “foreign entities of...
...the move to help AI start-ups pay for computing costs comes after internet companies with cloud computing services cancelled contracts, as stricter US controls prompted them to “hog the GPUs [graphics processing...
...The high computing demands of AI have increased the focus on NPUs, or neural processing units, the parts of a chip which handle AI — one area in which Qualcomm’s new chip is winning accolades....
...Network effects are familiar by now: information processing products and marketplace services become more valuable the more users they have. “Recombination of ideas” is more complex....
...However, Biz2Credit’s strong fraud detection methods have drawn inquiries from regulators concerned that it took longer than the 14 days it advertised for PPP loan processing....
...America is home to some of the highest credit card processing costs in the world....
...The PSR, which is conducting a separate probe into card networks’ processing fees, has given interested parties until the end of January to respond to its findings and proposals....
...A version of this article was first published by Nikkei Asia on January 31. ©2024 Nikkei Inc. All rights reserved....
...Because you can run things on a CPU [central processing unit], you can run things on a GPU [graphics processing unit], but the GPU and the CPU on your phone are busy doing other stuff....
...Thirteen years ago, Square disrupted payments processing with a simple dongle that merchants could attach to smartphones and tablets to accept card payments....
...First is the processing fee charged by the acquirer for supplying merchants with the sales terminal and undertaking the payment. Next are network fees. These go to the likes of Visa and Mastercard....
...But he acknowledged Chinese companies would continue to play an important role in the supply chain because of their “upper hand” in areas including the processing of nickel and graphite....
...At the same time environmental and consumer groups, including Chem Trust, the Greener UK coalition and Breast Cancer UK, have all spoken of the need for “robust” regulation and warned against reducing requirements...
...But high prices and concerns about excessive processing meant sales of faux meats have not matched the hype....
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