ASML GIVES €20,000 BONUS TO STAFF AMID AI BOOM
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
ASML Holding NV will distribute a one-time €20,000 ($22,862) bonus to employees worldwide as AI-driven demand for semiconductors drives record company sales.
■ MORE FROM THE BUSINESS DESK
Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, marking the chipmaker's second-largest deal after its $20 billion purchase of Groq assets last year.
Uber is shutting down operations in Nigeria and Uganda effective September 2 following a global review of its business. The company had operated in Nigeria since 2014 and Uganda since 2016.
Tech critic Anil Dash argues that modern venture capital has devolved into an oligarchy of mega-firms, where billion-dollar funds prioritize fee collection over actual risk-taking.
South Korean police have referred K-pop billionaire Bang Si-hyuk to prosecutors following a lengthy investigation into allegations that he misled investors before Hybe's 2020 public listing.