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AI & Enterprise

NEXT project launched to secure world-leading tech by 2030 and world-first by 2040

South Korea will reorganise its national strategic technology framework into 55 technologies across 10 areas to respond to an AI transition and economic security competition. The government aims to secure world-leading technology by 2030 and take the lead in world-first technology by 2040. The Ministry of Science and ICT and the Office of Planning and Budget held a launch event for the NEXT project, which will link key R&D programmes with industrial and investment policies and build a NEXT Alliance in the second half of the year.

Crypto

Arthur Hayes says he never told followers to copy his trades, invest at your own risk

BitMEX co-founder Arthur Hayes pushed back against criticism that his social media posts serve as “exit liquidity” for followers. He said disclosing crypto positions should not be seen as investment solicitation and that investors must make their own decisions. The dispute was raised by on-chain analyst ZachXBT, who accused Hayes of talking up tokens and later selling. Hayes said he often gets market calls wrong and described his capital allocation approach. On-chain data showed recent ether purchases.

Finance

Korea Investment Securities to hold Korea-China investment strategy forum with Guotai Haitong Securities

Korea Investment Securities said it will hold a Korea-China investment strategy forum with China’s full-service brokerage Guotai Haitong Securities from June 15 to 17. The event aims to expand investment exchanges between the two countries’ capital markets and provide market information to domestic and foreign investors. Guotai Haitong analysts will present strategies in sectors including autos, AI, robots and IT, with Chinese firms taking part.