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Xiaomi profits fall amid chip crunch; TerraPower eyes nuclear for AI data centers

Xiaomi has reported a 43% decrease in adjusted net income, attributing the decline to a crunch in memory chip supply that is impacting smartphone manufacturers. Meanwhile, Bill Gates-backed TerraPower is shifting its focus for nuclear reactor projects towards powering AI data centers, aiming to address the significant energy demands of AI. AI

IMPACT AI's escalating energy demands are influencing strategic pivots in both semiconductor supply chains and the energy sector.

RANK_REASON The cluster discusses business news related to AI's impact on supply chains and energy, rather than a core AI development.

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AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

Xiaomi profits fall amid chip crunch; TerraPower eyes nuclear for AI data centers

COVERAGE [2]

  1. Mastodon — mastodon.social TIER_1 English(EN) · PulseOfNations ·

    Xiaomi Profit Plunges 43% as Memory Chip Crunch Bites Xiaomi posts third consecutive profit decline with adjusted net income down 43%, as AI server demand starv

    Xiaomi Profit Plunges 43% as Memory Chip Crunch Bites Xiaomi posts third consecutive profit decline with adjusted net income down 43%, as AI server demand starves smartphone makers of memory supply. https:// pulseofnations.lol/xiaomi-prof it-plunges-43-2/ # AI # ConsumerHardware …

  2. Mastodon — mastodon.social TIER_1 English(EN) · PulseOfNations ·

    TerraPower Pivots Nuclear Reactor Toward AI Data Centers Bill Gates-backed TerraPower plans its first data center nuclear project, leveraging molten salt energy

    TerraPower Pivots Nuclear Reactor Toward AI Data Centers Bill Gates-backed TerraPower plans its first data center nuclear project, leveraging molten salt energy storage to solve AI's power ramping problem. https:// pulseofnations.lol/terrapower- pivots-nuclear/ # AI # BillGates #…