South Korea Unveils $880 Billion Chip and AI Investment Drive
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
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South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Meta plans to replace more than 90% of its content review workforce with AI by the end of 2026, placing the majority of its ads and content moderation under the control of large language models.
Anthropic is hiring across Australia and Japan to expand its AI data center capacity in Asia-Pacific, as soaring demand for Claude strains its infrastructure.
Web3 gaming unicorn Immutable cut 29 roles and gutted its in-house game studios to focus on Audience, an AI marketing platform for the broader games industry.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
A new Anthropic privacy policy taking effect July 8 lets the company ask some flagged Claude users to upload government IDs and submit biometric selfies.
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SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount
SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.
Jeff Bezos’s industrial AI startup Prometheus raised $12 billion at a $41 billion valuation, emerging from stealth to build AI for engineering and manufacturing.
Xiaomi MiMo Code is a free, MIT-licensed coding agent with persistent memory and parallel reasoning, forked from OpenCode and aimed at hundred-step tasks.
JPMorgan Chase plans to roll out AI agents capable of operating autonomously for one to two hours later this year, as the bank’s chief analytics officer says the technology has moved from single-task tools to multi-step workflow managers.
European AI app-building startup Lovable has surpassed $500 million in annualized revenue run rate, up from $400 million reported in February 2026.
Apple’s WWDC 2026 keynote begins June 8 at 1PM ET, with a rebuilt Siri, Gemini integration, iOS 27 features, and new AI tools across apps and operating systems expected.