Having overtaken Intel as the world’s largest chipmaker by revenue, Samsung is boarding the crypto bandwagon. The firm tells TechCrunch it’s making chips for mining cryptocurrencies—making it the first big-name semiconductor firm to do so.
Crypto-mining 101: Cryptocurrency networks rely on computers called miners to verify transactions and maintain the security of public records. Miners are rewarded with cryptocurrency, so it can prove lucrative.
Specialized silicon: You can mine using any processor. But serious miners now use application-specific integrated circuits (ASICs) for speed advantages.
Few details: Samsung’s announcement is intriguing, but the company is tight-lipped about details. That makes it hard to predict how significant the move is. That said …
Mining is booming: A few Chinese firms dominate the market for crypto-specific chips. Some of those work with Taiwan Semiconductor Manufacturing Company, the world’s largest independent chip foundry, whose crypto chips made between $350 million and $400 million in revenue last quarter. Samsung will hope to compete—and Intel must wonder if it’s to be left behind.
Geoffrey Hinton tells us why he’s now scared of the tech he helped build
“I have suddenly switched my views on whether these things are going to be more intelligent than us.”
ChatGPT is going to change education, not destroy it
The narrative around cheating students doesn’t tell the whole story. Meet the teachers who think generative AI could actually make learning better.
Meet the people who use Notion to plan their whole lives
The workplace tool’s appeal extends far beyond organizing work projects. Many users find it’s just as useful for managing their free time.
Learning to code isn’t enough
Historically, learn-to-code efforts have provided opportunities for the few, but new efforts are aiming to be inclusive.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.