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Finance

Toss becomes first big tech financial conglomerate, enters group supervision

Toss has entered South Korea’s group supervision framework after being designated a financial conglomerate, the first such case among big tech financial groups. The designation adds group-wide oversight of capital adequacy, intra-group transactions and risk transfer on top of sector-by-sector rules for affiliates such as Toss Bank and Toss Securities. Authorities will assess the group every three years, apply capital rules at group level and tighten internal transaction procedures, while key requirements are deferred for six months.

AI & Enterprise

Google search ecosystem shifts as AI mode fuels reality of open web decline after 1 year

It has been a year since Google introduced AI Mode, a natural-language AI search feature that provides conversational answers instead of links. Research cited by The New York Times showed users spend 1 to 9 minutes longer in AI Mode than in traditional search, and about 75 percent of sessions do not lead to other websites. Publishers, companies and banks worry traffic is falling. Google rejects claims it threatens the open web and says it still sends billions of clicks outward.

AI & Enterprise

TelePIX signs export deal with U.S. Antaris for AI satellite payload system

TelePIX said on July 23 it signed an export contract with U.S. space company Antaris Space for an AI satellite payload system. Antaris supports satellite and space-system design, simulation, manufacturing and operations through its AI-based Antaris Intelligence platform. TelePIX will supply a next-generation payload integrating an electro-optical camera for a 4.8-metre-class resolution microsatellite with a GPU-based onboard AI system to enable real-time image processing and analysis in orbit.