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Finance

Oil and forex risks mount as South Korea steps up internet bank IT controls

South Korea is facing compounded pressure from higher oil prices, a weaker won and rising inflation, with the won-dollar rate nearing 1,540 and oil product prices up about 10 percent from a year earlier. The central bank is expected to hold rates this month, but prolonged price and currency pressures could raise the possibility of a second-half hike. Authorities have tightened household debt controls and pushed market reforms, while the Financial Supervisory Service has urged stronger IT internal controls at internet banks.

Industry

Memory to account for 30 percent of hyperscalers' capex in 2026 on AI demand

Research firm SemiAnalysis forecasts memory will account for about 30 percent of hyperscalers' capital expenditure in 2026, up from about 8 percent in 2023 to 2024, and rising further in 2027. It expects DRAM prices to more than double in 2026 and to keep rising in 2027, while LPDDR5 contract prices have already tripled since early 2025. It also projects an HBM supply shortage through 2027 and says memory costs are lifting AI server prices.

AI & Enterprise

Generalist AI unveils GEN-1 robot foundation model

Robot intelligence startup Generalist AI Inc. has unveiled GEN-1, a robot learning foundation model, SiliconANGLE reported on Sunday. The model follows GEN-0, released in October, and the company said it recorded a 99 percent success rate across many tasks and works about three times faster than leading models. The team focused on reliability, speed and improvisation, including multi-step tasks such as folding laundry and assembling items.