In other news, Gen Z's credit card debt is becoming a problem, with the younger generation prioritizing fun over finances. Amazon's Cyber Monday sales broke e-commerce records, with US shoppers spending between $12.8 billion and $13.3 billion. Finally, BuzzFeed is facing a $124 million debt problem, which may force the digital publisher to sell assets.
Key takeaways:
- South Korea's president has rescinded his martial law declaration, but the government remains in crisis with impeachment proceedings underway.
- Amazon is hoping to unseat Nvidia as the king of AI chips with its new hardware, including the Trainium chip and 'UltraServers'.
- Gen Z's credit card debt is becoming a problem, with the younger generation prioritizing fun over finances and accumulating debt at a faster rate than any other age group.
- Intel is considering splitting off its chip factories, a move that was opposed by former CEO Pat Gelsinger. The company's interim leaders and Gelsinger's successor face a challenging situation.