Search results for GDI
Finance
BOK shifts to tightening as growth rebounds, leaves door open to more rate hikes
The Bank of Korea raised its policy rate to 2.75 percent from 2.50 percent, marking a shift toward tighter monetary policy. It cited cost pressures from oil and the currency, and demand-side inflation risks as AI investment and a semiconductor boom lift income and support consumption. The central bank also pointed to financial stability risks including housing prices, household debt and exchange-rate volatility, and did not rule out additional rate increases.
Economy
South Korea Q1 economic growth at 1.7 percent, highest in 5 and a half years
South Korea\'s real gross domestic product grew 1.7 percent in the first quarter, the Bank of Korea said on Wednesday, nearly double its February forecast of 0.9 percent. Exports rose 5.1 percent, the biggest increase since the third quarter of 2020, and net exports contributed 1.1 percentage points to growth. Domestic demand also improved, led by higher investment and consumption.
Industry
GDI, not GDP, emerges as new economic metric defining AI powerhouses
Gross Domestic Intelligence, or GDI, is gaining attention as a new metric for judging national competitiveness in the AI era, Business Insider reported. The concept measures countries’ AI resource holdings by focusing on access to compute infrastructure such as GPUs, network equipment and data centres. Morgan Stanley analysts said investors may start assessing GDI resources at the national level. Epoch AI estimated the United States accounts for about 75 percent of global AI compute, with China at about 10 percent.
