29 June 2026AI summary
South Korea’s $518 billion AI chip push shows crypto is still losing the capital race
AI-summarised from reporting by CoinDesk. How we use AI.
Samsung and SK Hynix are pulling a chip-plant buildout forward by a decade to meet AI memory demand. It is the latest and largest sign of the AI capital cycle that has drawn money away from crypto all year.
About this article: this is an AI-generated summary of reporting by CoinDesk. It has not been reviewed by a human editor. We use AI to localise crypto news for Australian readers, and we link back to the original source so you can verify the facts.
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