Technology

Samsung Electronics (005930.KS) and SK Hynix (000660.KS) have signed letters of intent to supply memory chips for OpenAI’s data centres, as South Korean chipmakers join forces with the ChatGPT maker to meet rising demand from its Stargate project. The announcements were made on Wednesday after OpenAI CEO Sam Altman met South Korean President Lee Jae … Read more

German Chancellor Friedrich Merz vowed on Wednesday to make Europe’s biggest economy competitive again after the cabinet approved measures aimed at reducing bureaucracy and making it quicker and easier to do business through AI and digitisation. “We are aware of the problems facing the German economy at the moment, but we aspire to return to … Read more

ZF Friedrichshafen will cut around a quarter of its workforce in its electrified powertrain technology unit by 2030 under a restructuring deal reached with its works council and labour union IG Metall, the German auto supplier said on Wednesday. The move is part of a broader plan announced by ZF Group last year to eliminate up to 14,000 positions in Germany as … Read more

Saving your gums, a plant at a time Source: REUTERS Great news for parents, you can now scare your children into eating apples and figs (specifically their peels), with something new: gum disease. That’s right. A team of researchers based at São Paulo State University tested morin, a naturally occurring compound in plants like the … Read more

World Liberty Financial, a crypto venture backed by the family of US President Donald Trump, plans to launch a debit card that would “bridge crypto assets with everyday spending”, its CEO Zach Witkoff told a conference on Wednesday. “We are definitely rolling out a debit card that’ll bridge … crypto assets with everyday spending,” he said. … Read more

When Daniel Ek founded Spotify in 2006, a viable music product was a “moon shot.” The global music industry was struggling with years of declining sales, online music piracy was rampant, and services like Apple’s iTunes were pricey. Ek believed if access to music was as easy as turning on a tap – in a way that was legal and fair … Read more

Associate Professor of Economics at Lahore University of Management Sciences Ali Hasanain held a session on Tuesday at the Overseas Investors Chamber of Commerce & Industry about the Economics of AI. He explained the current state of LLMs, the potential effects of advanced models on labour markets and implications for jobs, productivity and policy. With … Read more

Electronic Arts just hit pause on Wall Street. The gaming giant is going private in a jaw-dropping $55 billion all-cash deal, with Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners stepping in as the new “players one, two, and three.” Shareholders will cash out at $210 a share, a move EA is calling … Read more

Visa (V.N) said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius Act, a law … Read more