South Korea Proposes 821 Trillion Won Budget to Accelerate Chips and Defence
South Korea’s proposed 821 trillion won budget directs special funding toward semiconductors and strategic weapons while higher rates threaten growth.
AI, Science & Technology
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Superbench and HitPay Unite AI Engagement With SME Payments
Superbench and HitPay have connected AI-driven customer engagement with booking and payment tools for consumer-facing service SMEs in Malaysia.
AI Concentration and Leverage Could Amplify Global Market Correction, Bailey Warns
Andrew Bailey warns that leverage, high valuations and concentrated AI investment could amplify a correction across global financial markets.
Japan Factory Orders Accelerate as AI and Semiconductor Demand Strengthens
Japan's manufacturing PMI rose to 54.9 as AI and semiconductor demand drove the fastest growth in new business and exports since 2018.
South Korea Factory Expansion Continues as Export Orders Reach Six-Year High
South Korea's manufacturing PMI remained expansionary at 52.3 as export demand reached its strongest level since November 2020.
Anthropic’s $35 Billion Lambda Deal Raises the Stakes in AI Compute Spending
Anthropic's reported US$35 billion Lambda cloud deal highlights frontier AI's enormous compute requirements and interconnected financing risks.
Anthropic Restarts External AI Cyber Testing After Real-System Access Incidents
Anthropic resumed external cyber evaluations after three of 141,006 test runs reached real systems through misconfigured environments.
Apple Leadership Reset Puts Services Governance and App Store Strategy in Focus
Apple's wider leadership reset shifts attention to App Store governance, services execution and continuity under incoming chief executive John Ternus.
OpenAI Advertising Reaches $1 Billion Run Rate as Global Expansion Accelerates
OpenAI's advertising business has reached a US$1 billion annualised run rate, widening its revenue mix as self-service access expands globally.
Z.ai Revenue Jumps 400% as Cloud Growth Narrows First-Half Losses
Z.ai's first-half revenue rose 400% as cloud deployment surged, but heavy research spending kept losses high and tested investor expectations.