What is Google’s new AI algorithm that has sent stocks of Samsung and others plummeting

Google’s new TurboQuant algorithm drastically cuts AI model memory needs, impacting memory chip stocks like SK Hynix and Kioxia. This innovation targets the AI’s ‘memory’ cache, compressing it significantly without quality loss. While flash memory faces pressure, HBM remains largely unaffected, with some analysts predicting increased demand due to enhanced AI capabilities.

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