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Tech In Depth

AI Competition Pushes Some to Areas They Didn’t Want to Go

A symbol for the OpenAI virtual assistant on a smartphone.

Photographer: Andrey Rudakov/Bloomberg
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Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Ellen Huet considers the effects of the competition for supremacy among artificial intelligence companies.

AI boom: SK Hynix reported record earnings and said it would quicken the pace of spending on advanced memory production equipment to meet still-increasing demand for artificial intelligence products and services.

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