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KOREA AI STARTUP REBELLIONS
South Korean shares rebound as chipmakers recover from AI-driven selloffSouth Korean shares rebounded on Monday as benchmark index KOSPI rose over 1.5%. Chip giants Samsung Electronics and SK Hynix led the recov...- South Korea says Nvidia issues won't affect contracted GPU suppliesVice Minister of Science and ICT Ryu Jemyung told a parliamentary budget committee that 10,000 GPUs funded under a 2025 supplementary budge...
- Anthropic strikes $3.4bn deal to generate gas-fired power for data centres: ReportThe AI startup bought commitments for 1.7 gigawatts of heavy-duty generators for $3.4 billion in late September from OnePWR Solutions, a Sa...
- AI slump revives Asia’s forgotten trades from China to IndiaGlobal investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emer...
- AI investment cycle may have peaked, Jefferies warns; raises India allocation to 14%According to a recent Jefferies report, global investment in artificial intelligence appears to be facing a mid-cycle correction. Although ...
- Global investors push South Korea's chaebols to speed up reformsGlobal investors are increasingly urging South Korea’s chaebols to adopt necessary corporate governance reforms to address the existing val...
- AI meltdown: Kospi crashes 9%, hits 9-month low as Wall Street bloodbath after midterm elections spills to Asia; circuit breaker triggeredThe sell-off followed a global market rout on Thursday, which saw the Nasdaq 100 plunge 6.4%, wiping out a record $2.3 trillion in market v...
- South Korea stocks plunge 8%, circuit breaker triggered as chip shares tumbleSouth Korea's KOSPI stock index fell more than 8% during early trading on Friday, reflecting a significant sell-off. The stock market decli...
- Ex-Ultrahuman executive launches AI ring startup Aina for agentic interactionsThe startup said it is positioning the device as an alternative interface to smartphones for everyday interactions with AI systems. It has ...
- Ripik.ai in talks to raise Rs 150 crore from Gaja CapitalThe startup deploys its hardware and software systems at large manufacturing and industrial units, including cement and steel plants, using...
- From enterprises to SMBs: How Flashfox AI plans to change the hiring gameGetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Sou...
- AMD's OpenAI, Meta chip deals trigger $1 billion quarterly chargeAMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could l...
- L&T Finance Pitch Point 2.0: Where an AI startup’s big idea meets enterprise scalePitch Point, L&T Finance’s contest for AI startups, is back for a second edition. Last year’s winners, Arrowhead AI and SpoofSense, talk ab...
- Sarvam AI releases Prism, a fast decision model for enterprises: Here’s how it worksSarvam AI has unveiled Prism, a sophisticated decision-making model aimed at enhancing operational efficiency and precision for businesses....
- AMD's OpenAI, Meta chip deals trigger $1 billion quarterly chargeAMD in February agreed to sell up to $60 billion worth of AI chips to Meta over five years, giving the Facebook owner warrants that could l...
- Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, SamsungPeak XV Partners is leading the round and is expected to contribute more than half of the total funding. Google, HCL Tech, Samsung Ventures...
- Apple’s robust India quarter; Giva’s $100 million fundingApple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.
- Friedrich Merz says Germany must preserve 'digital sovereignty' in AI eraGerman chancellor Friedrich Merz appointed a minister for digitalisation and modernisation when he took office last year and his government...
- South Korea's Lee vows to make bold AI investment in record budget pushHis administration proposed in September increasing government spending by a record 12.8% next year to 820.9 trillion won ($615.62 billion)...
- Nvidia's web of AI bets: smart strategy or bubble risk?Nvidia's $3 billion investment in Meta's share sale, announced Tuesday, is the latest addition to a portfolio of stakes, loans and guarante...
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