South Korea to Invest AI Tax Windfall Into Future Fund
South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.
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South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.
SK Hynix began trading on Nasdaq after raising $26.5 billion in an oversubscribed ADR offering, with the proceeds set to expand AI memory chip production.
Crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund to expand its investments beyond digital assets into artificial intelligence and robotics.
Instagram now allows Meta AI to generate images using photos from public accounts by default, unless users manually disable the feature in their settings.
South Korea’s stock market fell sharply as investors sold AI chipmakers despite Samsung reporting record quarterly operating profit driven by strong demand for AI memory.
Michael Burry has expanded his bearish bets against the AI semiconductor sector, shorting Micron, Nvidia, Applied Materials, and the iShares Semiconductor ETF while warning that valuations resemble the dot-com bubble.
Alibaba has banned employees from using Anthropic’s Claude Code, directing developers to use its in-house AI coding platform after concerns over user identification features.
Michael Burry warned that AI and semiconductor stocks may be approaching dot-com-style valuations, arguing that parts of the sector could face a correction of up to 30%.
Meta shares jumped after a report said the company is developing a cloud business that will sell AI models and excess computing capacity to external customers.
Meta introduced Brain2Qwerty v2, a non-invasive AI system that converts brain activity into text using MEG recordings without requiring a surgically implanted chip.
EPAM shares have dropped about 89% from their all-time high as slowing growth and AI-related concerns weigh on investor sentiment.
Airwallex raised $320 million at an $11 billion valuation as the fintech company expands its financial infrastructure for a future where AI agents manage business payments and finance.
Apple increased prices across several Mac, iPad, Vision Pro, and home device products, citing unprecedented cost inflation driven by a global memory shortage.
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Gero has secured $17 million in new funding, bringing its total capital raised to $34 million as the company advances AI-driven drug discovery focused on aging and chronic diseases.