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LG Electronics to expand B2B AI home business with GS Engineering & Construction

LG Electronics is expanding its B2B AI home solutions business with GS Engineering & Construction. LG Electronics said it signed an MOU on July 10 in Seoul to jointly develop next-generation AI home technology. The companies plan to link LG’s ThinQ ON AI home hub with appliances, IoT devices and services, integrating them with infrastructure in GS E&C’s Xi residential complexes. They also plan to expand cooperation on future housing robot services.

Industry

QLC SSD demand rises as HDD supply tightens on cold data surge

As AI inference spreads, cold data is surging and extending HDD supply lead times. With HDD replacement difficult and NAND supply constraints adding pressure, development of high-capacity, low-cost QLC SSDs is being spurred. Export data show a sharp rise in SSD shipments, outpacing NAND component exports, suggesting big tech and cloud operators are expanding storage infrastructure. Rising KV cache demand and NAND price gains are also accelerating the shift toward QLC SSDs.

Crypto

Bitcoin struggles below $77,000 despite three tailwinds, $100,000 hopes waver

Bitcoin has traded below $77,000 in May despite three positive factors, weakening expectations of a move to $100,000. It fell about 6 percent over the past week after briefly rising to around $82,000. Supportive factors cited included U.S.-China leaders’ talks in Beijing, strength in U.S. tech shares led by Nvidia, and passage of a revised Clarity bill by a U.S. Senate panel. Analysts remain divided on near-term direction.