Tag: Business
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HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs
SEOUL, Oct 23 : HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to build an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs.The new shipyard is expected to boost U.S. shipbuilding capacity and help revive the industry, Hyundai s
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SK Hynix says Solidigm drops plan for US IPO amid market volatility
SEOUL, Oct 23 : South Korean chipmaker SK Hynix said on Friday that it decided against a US initial public offering for its Solidigm subsidiary, citing financial market volatility and recent share price trends.SK Hynix said in a statement it would continue to explore ways to fund Solidigm’s expansion and enha
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SpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports
Oct 22 : SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter.The agreements would potentially solidify the company’s path toward building a fourth nationwide wi
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Japan core inflation exceeds BOJ target, cements near-term rate hike chance
TOKYO, Oct 23 : Japan’s annual core consumer inflation exceeded the central bank’s 2 per cent target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike.The figures underscored how higher fuel costs
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SK Hynix drops US IPO plan for Solidigm, newspaper reports
SEOUL, Oct 23 : South Korean chipmaker SK Hynix has decided not to pursue a US initial public offering of its subsidiary Solidigm, South Korean newspaper Korea Economic Daily reported on Friday, citing unnamed industry sources.SK Hynix did not have an immediate response to a request for comment. The ne
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Five ways to keep safe online in the wake of AI-supercharged hacking
(Refiles to add dropped words “unsolicited links” in SCAMMERS section)By AJ VicensOct 22 : Much of the world woke Wednesday to news that PHP, a coding language most people have never heard of but that underlies roughly 70 per cent of all websites, had a hackable vulnerability, sending businesses and
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FCC grants Intel waiver for foreign-made robotic devices
WASHINGTON, Oct 22 : The Federal Communications Commission said on Thursday it has granted a waiver to Intel from its ban on some foreign-made advanced robotics.The FCC said it would grant a one-year waiver of its rules in order to prevent “potential disruptions in the availability of domestic semiconductor m
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French business owners share harrowing accounts of violent protests
As hundreds of thousands of people protested across France over rising living costs and other grievances, looters took advantage of the unrest to ransack and vandalize thousands of shops nationwide.
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Meta shares slide, default insurance hits record as AI spending alarms investors
Oct 22 : Meta Platforms shares fell more than 7 per cent on Thursday as investors balked at another increase in its annual AI spending forecast and a plan to sell new stock to help pay for it.The cost of insuring the social media giant’s debt against default also hit an all-time high, the latest…
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External evaluators find flaws in OpenAI’s AI monitoring system in pilot review
Oct 22 : AI safety evaluators METR and Redwood Research found several new vulnerabilities in OpenAI’s internal system, including an exploit agents could have used to keep hundreds of their actions from being monitored, in a pilot review earlier this year.The exercise, conducted from July 21 to August 11, gave
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