Global AI Chip Crisis: SK Hynix's $28 Billion Move

The world's largest tech companies, OpenAI and Google, are selling advanced AI models to China's largest tech companies, Alibaba, Baidu, and Tencent. These sales are being made despite the US embargo on China, and are raising concerns about the use of AI models in China's military activities. SK Hynix, South Korea's largest chipmaker, is listing in the US with a $28 billion IPO, the largest ever share sale in America by a foreign company. The company's shares have already risen 200% this year, driven by strong demand for memory chips used in AI applications.