Tech investors run scared after MIT says most AI projects are useless

Tech investors got spooked on Tuesday after the Massachusetts Institute of Technology suggested most AI projects were about as useful as a chocolate teapot.

Phison Electronics warns things will get worse

NAND flash prices have been inflating excessively lately and Phison Electronics chairman Khein Seng Pua warned that prices are set to go up again in the third quarter as end-market demand surges.