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AI & Enterprise
Alphabet shares down 15 percent from May peak, $700 billion in market value wiped out
Alphabet shares have fallen more than 15 percent from a May high, wiping out about $700 billion in market value, Semafor reported. The decline reflects concerns that rising AI investment costs are weighing on the company and that it has not delivered a technically decisive breakthrough. Alphabet had led gains in the Magnificent 7 for 16 months, but its position has recently looked less secure amid executive and staffing changes and a delayed Gemini model launch.
AI & Enterprise
Five skills software developers need in the age of AI coding
Andrew Ng, a Coursera co-founder and deep learning expert, said software engineering fundamentals remain essential in the era of agentic coding. He said developers must understand core principles to tell coding agents what to do and what to forgo, and to manage trade-offs such as latency, availability, reliability and cost. Citing his “AI Engineering Skills” research, Ng listed five needed capabilities: building full-stack applications, data management, system architecture design, making systems secure and stable, and scaling and operating in production.
AI & Enterprise
Telecoms tapped for Korea's 'AI for All' project as infrastructure capability comes into focus
South Korea has completed the selection of operators for its government AI service project, 'AI for All', aimed at the entire population. The Ministry of Science and ICT selected consortia led by SK Telecom and KT, and a Kakao-led group that includes LG Uplus. The ministry said evaluation focused on the ability to expand and operate the service, including infrastructure plans. The government will support 512 Nvidia B200 GPUs this year and plans additional cost support from next year.
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Mobility
Tesla Cybercab launch event: key points to watch
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Crypto
Bitcoin retreats to $77,000s after hawkish Jackson Hole remarks
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Crypto
Bitcoin may break through 'September weakness' as U.S. stocks, rates and ETFs come into focus
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Telecommunications & Media
Broadcasting Media Telecommunications Commission cuts YTN, Yonhap News TV approval period by 3 months over CEO recommendation committee
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Finance
iM Bank opens Jeonju and Gwangju branches to expand Honam network
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Industry
South Korean team wins medals for all 4 students at International Earth Science Olympiad
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AI & Enterprise
Modusign provides public e-signature for South Gyeongsang education office high school admissions online system
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AI & Enterprise
Salesforce targets enterprise AI harness with AIforce
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AI & Enterprise
New book asks how parents should guide children on AI use
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Finance
KOSPI slides back from 7,000 threshold as foreigners sell 1.7 trillion won
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Finance
South Korea's three internet-only banks keep mid-to-low credit loan share above 30 percent
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AI & Enterprise
Uber's AI cost savings come into view as agent requests rise ninefold but spending stays flat
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Crypto
Grayscale CEO says institutional flows, corporate adoption matter more than bitcoin's 20 percent surge
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AI & Enterprise
DeepSeek secures first external funding, clarifies role split with High-Flyer
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AI & Enterprise
Nvidia halts some deals in AI cloud revenue-sharing program