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Mobility

Aurora plans to raise driverless trucks to 200 on U.S. highways by year-end

U.S. autonomous driving company Aurora Innovation plans to increase its driverless heavy-truck fleet tenfold by the end of the year, from 20 to 200 vehicles. The trucks will haul freight on interstate routes in Texas. Chief Executive Chris Urmson (크리스 엄슨) said the vehicles could save fuel, deliver faster and ease driver shortages, with potential to operate up to 20 hours a day. Analysts estimated higher profitability but said savings are not confirmed.

Finance

Kakao woos shareholders on spinoff, targets 1 trillion won AI revenue and 300 billion won buyback cancellation

Kakao is seeking to win over retail shareholders ahead of a planned corporate spinoff into continuing company KakaoX and new unit KakaoAI. KakaoAI aims to begin monetising AI services in 2027 and targets more than 1 trillion won in AI revenue by 2030. KakaoX plans to use gains from selling its stake in Dunamu to buy back and cancel 300 billion won of treasury shares over three years after the split.

AI & Enterprise

UBS says China big tech to reap AI investment gains within 2-3 years

China\'s internet giants are likely to capture a larger share of artificial intelligence profits within 2 to 3 years, UBS said. It expects pricing power to shift from upstream chip and infrastructure players to downstream internet platforms as supply constraints ease. The view comes as Tencent and Alibaba ramp up AI spending, weighing on cash flow. UBS also highlighted cost efficiency in China’s AI sector, citing lower training and API costs than global peers.