AI & Enterprise

Substack unveils video recording studio

Substack has launched a video production tool called Substack Recording Studio, TechCrunch reported on March 12. The desktop-based studio lets creators record video with up to 2 guests, add custom watermarks and share screens. It also automatically generates clips and thumbnails after recording. Substack said it now provides the functions in a single studio. The company said creators using audio or video features in the past 90 days had 50% higher revenue growth than those who did not.

Industry

Korea passes special act to underpin U.S. investment deal

South Korea’s parliament on March 12 passed a special act to implement strategic investment commitments to the United States, four months after the two countries signed an MOU for $350 billion in investment. The law sets a project system and funding methods, caps annual investment at $20 billion and establishes a state-funded corporation with 2 trillion won in capital and a related fund. It also sets a two-tier decision structure and an exception process.