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AI & Enterprise
MSIT says it has laid groundwork for South Korea to become a top 3 AI power
South Korea\'s Ministry of Science and ICT said it has laid the groundwork for the country to become one of the world’s top three AI powers over the past year, alongside restoring the R&D ecosystem and guaranteeing basic communications rights. It said it is pushing plans to secure 260,000 advanced GPUs by 2030 and has introduced AI-related laws. The ministry also plans to roll out “AI for Everyone” starting as early as November, aiming to keep it free through 2028.
Finance
Public Participation Growth Fund to get second tranche as sellout prompts additional supply plan
South Korea’s Financial Services Commission chairman Lee Eok-won (이억원) said authorities will prepare and launch a second tranche of the Public Participation Growth Fund after the first offering sold out. The 600 billion won fund saw 87 percent of its allocation taken up on the first day and was fully sold within five business days. Lee said details on the size and timing of additional supply will be announced later.
Crypto
Bitcoin holds near $73,000 as BNB jumps 12 percent on spot ETF launch
Binance Coin surged nearly 12 percent in a day, drawing attention in the cryptocurrency market, while bitcoin held near $73,000 with a modest gain. The move followed asset manager VanEck’s launch of a U.S. spot BNB exchange-traded fund, the first such product in the United States. Gains came despite macro headwinds including the prolonged Iran situation and rising U.S. Treasury yields.
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Fintech
Hana Financial holds first Money Show as 1,500 register in a day
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Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
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AI & Enterprise
National AI Strategy Committee releases 8 months of results, discloses action plan and budget
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AI & Enterprise
Nvidia steps up push into PC CPU market with integrated-chip Windows PCs in sights
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AI & Enterprise
OpenAI expands cooperation with South Korean government, attention on executives\' ties to Korea
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Crypto
XRP ETF tops crypto ETF inflows as bitcoin, ether outflows continue
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Industry
SpaceX IPO may benefit Elon Musk but hurt retail investors
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AI & Enterprise
Japanese financial institutions get access to GPT-5.5; minister says Claude Mythos access also planned
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AI & Enterprise
Amazon\'s RNG network architecture could reshape data centres, cutting equipment 69 percent while boosting throughput
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AI & Enterprise
Token-maxing backlash fuels debate over corporate AI spending without results
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AI & Enterprise
Shift offers free cleaning to collect household chore video data
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AI & Enterprise
Microsoft to unveil in-house AI models for coding, reasoning and images at Build conference
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Crypto
Whales accumulate Worldcoin, Zcash and Uniswap ahead of June
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Crypto
Bitcoin slides in downturn as retail investors opt for spot buying and long bets
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Crypto
CZ warns most AI companies will fail as Anthropic and OpenAI valuations soar