Plus: humanoid robot maker Agility Robotics is planning to go public in a $2.5 billion SPAC deal. And South Korean chip maker SK Hynix is planning to raise more than $29 billion through a U.S. listing. Danny Lewis hosts.
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[00:00:00] [SPEAKER_01] Many companies are struggling to scale their AI deployments or even move them past the pilot stage. Often the problem isn't technology, but organizational misalignment around goals, processes and incentives. At the break, join Caroline Roach, senior partner IBM Consulting, to learn why.
[00:00:16] [SPEAKER_00] Here's your morning TNB Tech Minute for Wednesday, June 24th. I'm Danny Lewis for The Wall Street Journal. The world's fastest supercomputer is now from China. According to a widely cited ranking of the most powerful computing systems, China's LineShine system has taken the number one spot. The latest top 500 ranking found the Chinese supercomputer was able to calculate 22% faster than the number two contender, El Capitan, at California's Lawrence Livermore National Laboratory.
[00:00:45] [SPEAKER_00] LineShine's chief designer says it was built to support both traditional scientific simulations and AI workloads, though supercomputers also have military applications. We exclusively report that human-like robot maker Agility is set to go public in a deal valuing it at about $2.5 billion. The startup's flagship robot, Digit, is used in manufacturing and warehouses, and its customers include Amazon and logistics company GXO.
[00:01:11] [SPEAKER_00] Agility's executives told the journal it is set to merge with a special-purpose acquisition company, Michael Klein's Churchill Capital Corporation 11, and the companies expect gross proceeds of over $600 million from the deal. Also, South Korean chipmaker SK Hynix plans to raise more than $29 billion through a U.S. listing on the Nasdaq. The world's second-largest memory chip manufacturer is seeking to tap foreign investment to fund its expansion plans amid the AI boom.
[00:01:39] [SPEAKER_00] The deal would be one of the biggest share sales in history, comparable to Saudi Aramco's 2019 initial public offering. SK Hynex expects its American depository receipts to start trading on July 10th. That's your T&B Tech Minute. Join us again this afternoon for more.
[00:02:02] [SPEAKER_02] The biggest thing that we were talking about a year ago is what model to use. And the biggest thing that I'm talking about with my clients now is how do I drive change within my organization.
[00:02:14] [SPEAKER_01] Companies able to identify, correct, and then avoid misalignment will be best positioned to deliver meaningful business value from AI.
[00:02:20] [SPEAKER_02] The organizations that are the most successful set very clear targets and have several priorities that are very clear across the enterprise. The technology is really good, but if you're not changing your organizational alignment, not incentivizing your people correctly, not looking at workflows, you're not going to see real value with it.
[00:02:41] [SPEAKER_01] Visit ibm.com slash think slash leadership to learn how building organizational alignment can help deliver AI deployments that scale and drive growth. This content was created by custom content from WSJ, a unit of the Wall Street Journal Advertising Department.