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AI & Enterprise

MSIT discusses quantum revolution cooperation vision at OECD headquarters

South Korea\'s Ministry of Science and ICT will co-host a high-level event on international cooperation for the second quantum revolution at the OECD headquarters in Paris on June 2. The event is a key side meeting tied to the OECD Ministerial Council Meeting and is jointly hosted by South Korea, Finland, Japan, the UK and the OECD Global Forum on Technology. Vice Minister Ryu Je-myung will attend as the lead delegate.

Crypto

Euro stablecoin project Kibalis adds 25 banks ahead of launch

European banking consortium Kibalis has secured 25 additional banks across 15 countries, raising participating institutions to 37. It plans to launch a regulated euro stablecoin aligned with the European Union crypto regulatory framework MiCA in the second half of 2026, Cointelegraph reported. New members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. Spain had the most additions with five banks, while several other countries added two each.

Telecommunications & Media

Oura files confidential IPO paperwork with U.S. SEC, valued at $11 billion

Smart ring maker Oura has filed initial public offering paperwork with the U.S. Securities and Exchange Commission, starting the listing process. It is working with major investment banks including Goldman Sachs, Morgan Stanley and JPMorgan Chase, but has not disclosed a timetable. After a recent $875 million fundraising, Oura has been valued at about $11 billion, reports said. CEO Tom Hale said cumulative sales reached 5.5 million rings last year.