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AI & Enterprise

KOSPI swings wildly day to day, drawing foreign focus as \'crypto-level\' volatility

South Korea’s benchmark KOSPI seesawed over two days, falling 8.29 percent and then rebounding 8.18 percent, a swing of about 17 percent. CryptoSlate called the moves comparable to the volatility seen in cryptocurrencies. The surge in the index has been led by a handful of large chipmakers, while a strong U.S. jobs report, weaker AI outlook from Broadcom and high leverage among retail investors intensified selling pressure. Investors are watching the next Federal Reserve meeting and inflation data.

AI & Enterprise

SKT forms AI fund with Japan\'s NTT, steps up Korea-Japan economic cooperation

SK Telecom said it will form a joint fund with Japan\'s NTT and Taiwan\'s Chunghwa Telecom to invest in next-generation AI technology. The IOWN AI Fund is expected to be worth $500 million, about 760 billion won. The companies plan to set up fund manager Catalight Capital with bases in Silicon Valley and East Asia. The fund will invest in startups across AI infrastructure, semiconductors, services and optical communications.

AI & Enterprise

Governments stockpile Nvidia chips as sovereign AI emerges as new growth driver

Nvidia could use growing government investment in sovereign AI to reduce its reliance on large cloud companies, an analysis said. As demand rises for national AI infrastructure, it could ease concerns about Nvidia’s revenue being concentrated among a small number of hyperscalers. U.S. investor Jim Cramer said sovereign AI could help address customer concentration worries as governments build domestic data centres and computing capacity to secure technology sovereignty.