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AI & Enterprise

Candu AI raises $225 million, aims to ease AI chip bottlenecks with copper instead of optics

Swiss semiconductor company Candu AI has raised $225 million in a Series A round, The Next Web reported. The round was led by Maverick Silicon, with SoftBank, Synopsys, Cadence Design Systems and Alchip Technologies as strategic investors. Candu AI was valued at $400 million in the round. The company says copper is still viable, claiming its approach can boost link speeds and sharply reduce power use and system costs.

Finance

KB Financial to expand local care infrastructure with health ministry, launch dedicated hotline

KB Financial Group and the Ministry of Health and Welfare will expand nationwide local care infrastructure and open a dedicated hotline to improve living conditions in communities, they said on March 29. The extended night care programme allows elementary school children aged 6 to 12 to be cared for until 10 p.m. or midnight. KB Financial will invest 6 billion won from 2026 to 2028 to support participating facilities and related services.

Industry

DDR5 prices plunge as OpenAI cuts data centre spending and boosts efficiency

DDR5 memory prices have fallen sharply, and tech trend account Markets & Mayhem highlighted three factors. It said OpenAI has drastically reduced spending, shifting from a $1.4 quadrillion data centre plan and buying 40 percent of global wafer output to leasing computing resources. It also cited improved AI hardware, inference and model efficiency lowering data-centre hardware requirements, and a colder bond-market view of AI capex as CDS indicators rose and investor demand fell.