Global AI landscape fuels competition, adoption and panic

Homepage > News > Business > Global AI landscape fuels competition, adoption and panic TL;DR: Malaysia seized $12.19 million in smuggled AI chips, 50.5% of Taiwanese adults use generative AI, and Alphabet (NASDAQ: GOOGL) lost over $500 billion on its worst-ever market day, stoking fears of an artificial intelligence (AI) bubble despite Google Cloud revenue more than doubling. Key Takeaways: Malaysia seized 30 servers containing about $12.19 million worth of advanced AI chips at KLIA on October 15. Malaysia controls AI chip exports under the Strategic Trade Act 2010, adopted under U.S. pressure to block rerouting to China. 50.5% of Taiwanese adults used generative AI in the past six months, and 39.8% of users pay for it. ChatGPT (56.6%) and Gemini (34.6%) hold over 90% of Taiwan’s generative AI usage. Alphabet fell over 12% on October 29, losing over $500 billion, the second-largest single-day market loss ever. Google Cloud revenue grew 103% to $30.7 billion, even as search growth missed expectations. The specter of artificial intelligence continued to haunt the global narrative in the lead-up to Halloween, as Malaysia cracked down on AI chip smugglers, Taiwanese adoption b...