Finance

KB Kookmin Bank launches parking account for B2B payment funds with rates up to 2.2 percent

KB Kookmin Bank has introduced a corporate-only parking account that allows companies to manage payment funds generated in business-to-business transactions for short periods. The KB B2B Preferential Account pays interest even for a one-day deposit. It offers a base rate of 0.1 percent a year and up to 2.1 percentage points in preferential rates, for a maximum of 2.2 percent, applied to average balances of up to 1.5 billion won. It also provides fee waivers under certain conditions.

AI & Enterprise

OpenAI co-founder says AI use gap widens as only a few feel frontier model performance

OpenAI co-founder Andrej Karpathy said a widening gap is emerging between the public and frontline AI users, with only a small minority experiencing the performance of frontier models. He estimated about 6 billion people have not used large language models, while most of the remaining users only occasionally use free versions of services such as ChatGPT. He put the number of people using cutting-edge models for coding at about 20 million, and those with internal access to frontier systems at about 5,000.