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Crypto

KB Kookmin Bank to launch import-export payments using JPMorgan Kinexys blockchain network

KB Kookmin Bank said on Saturday it will launch next month a corporate payment service for import and export firms using JPMorgan Kinexys\' blockchain-based payment network. The service follows a memorandum of understanding on blockchain remittances for cross-border payment innovation. The bank said it is the first time a South Korean financial company has used Kinexys for payments to import-export firms. The service will be available at domestic branches and its Singapore branch, initially supporting U.S. dollar remittances to 10 countries.

AI & Enterprise

IMF says AI could lift sub-Saharan Africa\'s economy 4 percent but power and internet come first

Sub-Saharan Africa could increase economic output by about 4 percent over the next decade from adopting artificial intelligence if it improves electricity, internet access and digital capabilities, the International Monetary Fund said. Without such reforms, the gain would be limited to 0.2 percent, a report co-author said. The IMF said power supply and connectivity are key constraints, and warned that investment concentrating in a few countries could widen gaps within the region.

AI & Enterprise

Why the U.S. is wary of Moonshot AI\'s Kimi K3

China startup Moonshot AI’s large language model Kimi K3 is being assessed as having narrowed the gap with top U.S. AI models to weeks, raising caution in Silicon Valley. Analysts and researchers cited faster catch-up, competitive costs and results that rank near leading U.S. systems. U.S. figures voiced concern and renewed debate over restrictions. Users praised performance but criticised response speed. Moonshot AI temporarily halted new subscriptions due to strained computing resources.