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Games & Commerce

Existing IPs, not new releases, to divide Korean game makers\' Q2 results

South Korean game makers\' second-quarter results are expected to diverge based on profits generated by existing intellectual property rather than whether they released new titles. Krafton and NC, which own PUBG and Lineage, are forecast to post sharp gains helped by new titles and acquisitions. Netmarble is expected to see weaker profitability due to marketing and IP fees, while Nexon expects a pause as some key titles soften despite stable live services.

Crypto

Financial firms join crypto exchanges, could shake up digital asset market

South Korea\'s won-based digital asset exchanges are bringing in financial companies as new shareholders to bolster their business foundations, drawing attention to whether the market led by Upbit and Bithumb could shift. CoinGecko data put Upbit’s 24-hour volume share at 72.1 percent and Bithumb’s at 22.3 percent. Trading activity has declined, while Coinone, Korbit and Gopax move to expand capital and business ties with financial groups.

AI & Enterprise

Sutskever\'s SSI signs long-term partnership with Nvidia, expands research with Vera Rubin

AI research lab SSI, founded by Ilya Sutskever, has signed a long-term partnership with Nvidia that provides access to the next-generation GPU platform Vera Rubin, TechCrunch reported. The agreement also includes an undisclosed investment, and Nvidia’s investment in SSI is reported to be in the billions of dollars. SSI said the deal will expand its computing resources and support its private research.