Tag: Business
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South Korea exports set to grow at strongest pace in nearly 5 decades: Reuters poll
SEOUL, June 29 : South Korean exports likely posted their strongest annual growth in nearly five decades in June, as semiconductor shipments broke fresh records in the wake of a boom in global AI investment, a Reuters poll showed on Monday. Exports from Asia’s fourth-largest economy, a bellwether for global t
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The AI boom is colliding with a new threat: severe weather
Heatwaves and severe weather are raising risks for AI data centers, from grid strain to higher insurance and repair costs.
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Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension
HONG KONG, June 29 : The U.S. dollar was on the defensive on Monday but remained on track for its biggest monthly gain in nearly a year, due to tension in the Gulf and ahead of jobs data that could shape the Federal Reserve’s rate path.The U.S. and Iran traded fresh barbs over the weekend…
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Baidu’s AI chip unit Kunlunxin targets $50 billion Hong Kong IPO, The Information reports
June 28 : Baidu’s chip unit, Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday, citing two sources. Reuters could not immediately verify the report.
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Austria urges Europe to host Anthropic following US curbs on AI access
VIENNA, June 28 : Austria has proposed that the European Union should consider hosting Anthropic within the bloc’s borders in order to counter efforts by the United States to block foreigners from using the AI company’s most advanced models.In a letter to EU Technology Commissioner Henna Virkkunen released by
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Australia’s Firmus Technologies strikes AI access deal with Nvidia
SYDNEY, June 29 : Australian AI infrastructure company Firmus Technologies said on Monday it had signed a strategic partnership with Nvidia Corp to help provide emerging AI firms with more cost-effective access to computing power.• Firmus said the deal would see it buy Nvidia infrastructure and sell Nvidia�
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Seniors in Medicare are about to get landmark obesity drug coverage — but many may not know it yet
Many seniors may be unaware of the landmark coverage shift starting on July 1, with limited advertising seen from the government or Eli Lilly and Novo.
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Google limits Meta’s use of its Gemini AI models, FT reports
June 28 : Google has put limits on Meta’s use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide, the Financial Times reported on Sunday. Google, owned by Alphabet, told Meta around March it could not meet the full Gemini capacity t
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Tanker struck in Strait of Hormuz as U.S.-Iran tensions escalate
The attacks come as the United States and Iran are supposed to be engaging in a 60-day ceasefire as they attempt to work toward a resolution.
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US close to allowing Anthropic to restore Fable 5 model, Axios reports
June 27 : The Trump administration is close to allowing Anthropic to restore access to its Fable 5 model, Axios reported on Saturday, citing a source close to the situation.Reuters could not immediately confirm the report. Anthropic and the White House did not immediately respond to requests for comment.
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