The Guardian AI·
South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakers South Korea has leapfrogged India to become the world’s sixth largest share market, leaving equity markets in the UK, Germany and France trailing in its dust. But despite the runaway success, some are raising concerns that the Kospi index is too dependent on two freshly minted trillion-dollar chipmaking companies. Chip company SK Hynix last week claimed a seat in Asia’s trillion-dollar company club, alongside South Korean compatriot Samsung Electronics and Taiwan’s TSMC. Explosive demand for chips used in AI has propelled the trio past the valuation threshold. Continue reading...
Read full articlePolymarket has signed an exclusive prediction-market distribution partnership with Berlin-based football media platform OneFootball, opening a channel to 200 million monthly active users and a broader 645-million-fan ecosystem two weeks before the 2026 FIFA World Cup kicks off in North America. The catch: Polymarket still cannot legally operate in Germany (or anywhere else in Europe) […]
From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s fallout Business live – AI to drive up UK youth unemployment The San Francisco Bay Area is in the midst of an AI frenzy that makes the California gold rush of the mid-19th century look like a scavenger hunt. Top programmers and developers are being offered compensation packages worth hundreds of millions of dollars to switch firms, while young engineers lucky enough to have joined leading AI startups early are contemplating retirement before age 35. Driving up the Bayshore Freeway from San Francisco International airport into the city, you pass hyper-specific billboards advertising obscure AI applications seemingly aimed at absurdly niche audiences. How can that possibly be profitable? The answer is that in a city crawling with startups, getting the right software product in front of a founder whose company could soon be worth billions
Anthropic, the firm behind AI assistant Claude, submitted a confidential filing to go public with the US Securities and Exchange Commission on Monday. The firm, valued at close to a trillion dollars, could make its market debut by the end of the year as it sees a surge in interest for its range of AI products. Also in this edition: as France welcomes new data centre investments, we see what's driving that interest and what impact it could have on local communities.
XCENA, a chip startup with offices in South Korea and the US, has raised $135 million in a Series B at a $570 million valuation, led by Seoul-based firms Atinum and IMM Investment, to commercialise a chip that processes AI data directly within memory rather than routing it through expensive CPUs and GPUs. Founded in […]
Cryptocurrency exchange Coinbase has launched direct deposit and withdrawal rails for the Indian Rupee (INR), continuing its push into India. Coinbase Users In India Can Now Make Direct INR Netflows According to a website announcement, Coinbase has expanded its offerings in India, allowing users to directly interact with the platform through the nation’s official fiat […]
BREMEN, Germany, June 1, 2026 — Synera today announced it is one of the first companies in the design and simulation space to work with NVIDIA NemoClaw, blueprint for building specialized […] The post Synera Advances AI Agents for Design and Engineering Simulation with NVIDIA appeared first on AIwire.
France's interception highlights increased global enforcement against illicit oil trade, potentially straining Russia's economic resilience. The post France intercepts sanctioned Tagor tanker linked to Russian oil trade appeared first on Crypto Briefing.
France's interception highlights increased global enforcement against illicit oil trade, potentially straining Russia's economic resilience. The post France intercepts sanctioned Tagor tanker linked to Russian oil trade appeared first on Crypto Briefing.
