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AI & Enterprise

South Korea\'s science ministry to expand use of domestic AI in specialised fields

South Korea\'s Ministry of Science and ICT said domestic artificial intelligence models are spreading across industrial sites, from financial investment analysis to robot intelligence and judicial administration. LG AI Research is working with Kiwoom Securities on a finance-focused AI agent using Exaone BI and LSEG data. Other firms are developing finance LLMs, pursuing robot intelligence, improving search reliability, building agriculture AI agents and developing a court support AI system.

Industry

Nvidia posts $81.6 billion in first-quarter revenue as data centre growth drives results

Nvidia posted first-quarter revenue of $81.62 billion, extending its streak of record quarterly sales to 12. The figure rose 20 percent from the previous quarter and 85 percent from a year earlier, and beat an LSEG-compiled consensus estimate of $78.85 billion. Data centre revenue rose 92 percent to $75.2 billion, accounting for 92 percent of total sales. Adjusted EPS came in at $1.87. The company forecast $91 billion in second-quarter revenue, excluding China data centre sales.

Crypto

21Shares lists STRC ETN on London Stock Exchange linked to Strategy preferred shares

Asset manager 21Shares has listed the Strategy-linked STRC ETN on the London Stock Exchange, giving UK investors access via a locally listed product. The 21Shares Strategy Yield ETN tracks Strategy’s floating-rate Series A perpetual preferred shares, “Stretch”, linked to its bitcoin-focused treasury policy. Executives highlighted an 11.50 percent yield paid monthly in cash. Strategy’s financing structure may involve bitcoin sales to fund dividends.