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AI & Enterprise

Top researchers to be named national science and technology leaders with up to 500 million won support

South Korea\'s Ministry of Science and ICT will select 20 world-class researchers as \"leader-level national science and technology figures\" and provide 100 million won a year for up to five years. Eligible candidates are South Korean citizens aged 55 or younger working in industry, academia or research institutes in South Korea. Applications can be submitted through institutional nominations or recommendations from international scholars or a data-based committee. The application period runs from Sept. 21 to Oct. 12.

Telecommunications & Media

Apple overhauls iPhone release cycle for first time in 7 years

Apple has made a major change to its iPhone release cycle by not unveiling the standard iPhone 18 at its fall product event, the first overhaul in seven years. CNBC reported the company introduced the iPhone 18 Pro and Pro Max and its first foldable iPhone Duo. The shift has drawn attention as a possible move to launch premium models in fall and regular models in spring, smoothing revenue seasonality and easing supply chain pressures.

Industry

Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion

Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.