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Finance

Shinhan Financial forms 100 billion won venture fund of funds to invest in future growth industries

Shinhan Financial Group has formed a 100 billion won private venture fund of funds and will expand investment in advanced industries and regional innovative companies. The group said it completed the formation of Shinhan Venture Nexus Fund of Funds No. 1. Shinhan Bank, Shinhan Card, Shinhan Investment Corp and Shinhan Capital jointly contributed to the fund, which will be managed by Shinhan Venture Investment. Shinhan plans to attract additional private capital to build feeder funds totalling 1 trillion won.

AI & Enterprise

Database firms push data tech to cut token waste by AI agents

As AI companies shift from flat-rate plans to usage-based billing, operating costs for AI agents are rising sharply. Database companies are pushing infrastructure solutions designed to reduce token consumption, The Register reported. Vector database firm Pinecone launched Nexus, a knowledge engine that pre-arranges data structure and context. TigerData, developer of TimescaleDB, introduced Ghost, a database platform for AI agents billed by compute time rather than database count.

AI & Enterprise

ChatGPT, Claude stumble in attention test, raising questions for AGI

ChatGPT and Claude, among the latest large language models, performed worse than expected in the Stroop test, a psychology experiment used to gauge human attention and executive control, a study found. Researchers tested OpenAI\'s GPT-4o and Anthropic\'s Claude 3.5 Sonnet and saw performance fall sharply when word meaning conflicted with ink colour, with accuracy declining further as tasks increased. Follow-up tests on newer models showed limited improvement, the study said.