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AI & Enterprise
Why Steve Jobs and IBM\'s alliance of the century fell apart at the last minute
The collapse of a planned alliance between IBM and NeXT, founded by Steve Jobs after he was forced out of Apple in 1985, is widely known. The deal would have had IBM license NeXTSTEP for its PCs and engineering workstations. Author Brent Schlender wrote that Jobs’ inflexibility helped unravel the talks. A book recounts IBM’s preparations and a planned $30 million payment. The agreement fell apart after Jobs failed to show up for a Dallas presentation.
Crypto
21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene
A former Ripple executive, Emi Yoshikawa (에미 요시카와), described plans by a 21-bank consortium led by Goldman Sachs and MUFG Bank to launch a dollar stablecoin as a familiar move by banks. She said on X after the announcement that it felt like deja vu. The project draws attention for favoring tighter in-house control over outside blockchain networks. MUFG is also pushing a yen stablecoin payment launch in Japan by March 2027.
People
Vice Minister Gu Hyeok-chae discusses science and technology cooperation with Vietnam ambassador to South Korea
Gu Hyeok-chae (구혁채), first vice minister at South Korea\'s Ministry of Science and ICT, met Vu Ho in Seoul on Tuesday. Gu and the Vietnamese ambassador to South Korea discussed ways to promote mutually beneficial and future-oriented science and technology cooperation between the two countries. They reviewed follow-up steps after unveiling a Korea-Vietnam science, technology and innovation cooperation masterplan during Vietnam\'s state visit in April.
