South Korea’s benchmark KOSPI has plunged greater than 33% in July, its worst month in historical past. The collapse surpasses the October 1997 IMF disaster, when the index misplaced 27%, and the October 2008 international monetary disaster at 23%. The index closed at 5,593.56 on Thursday, down one other 1.23%, after a 5% morning rebound…
OpenAI advised workers that annualized recurring income (ARR) in July surpassed the corporate’s total second quarter, in line with a partial inner transcript reviewed by CNBC. Chief Financial Officer Sarah Friar shared the determine on Wednesday alongside board chair Bret Taylor. OpenAI Says July Annualized Revenue Outpaced the Entire Second Quarter Friar and Taylor credited…
Anthropic purchased tens of millions of used books, sliced off the covers, and scanned each web page to practice Claude. A federal decide dominated that destroying books this fashion was authorized. Court information uncovered this system in January underneath the inner identify Project Panama. Brokers now promote the identical book-buying service to different synthetic intelligence…
OpenAI’s AI agent, which broke out of a safe take a look at surroundings and hacked Hugging Face, additionally exploited weak code written by a Modal Labs buyer. Modal’s chief expertise officer confirmed the exploit however careworn that Modal itself was not breached. How the OpenAI Agent Reached Modal Labs’ Customer In a latest weblog…
Meta Platforms and BlackRock will collectively construct a 1-gigawatt synthetic intelligence information heart in El Paso, Texas. BlackRock-managed funds will personal 80% of the enterprise, and Meta will lease the campus as soon as development wraps in 2028. The corporations introduced the deal Tuesday, shifting Meta’s infrastructure prices off its personal steadiness sheet and onto…
South Korea convened an emergency market assembly on the night of July 29. This got here as the KOSPI shed 864.5 trillion received in worth throughout two buying and selling periods. On Wednesday, the index closed at 5,663.24, down 5.98%, and triggered a market-wide circuit breaker for a second straight day. South Korea’s Financial Authorities…
SK Hynix launched its second-quarter monetary outcomes right this moment, reporting a surge in revenue and income. However, the numbers nonetheless missed analyst estimates. The agency posted income of 79.3 trillion received, beneath LSEG SmartEstimates of 84 trillion received. Operating revenue reached 60.54 trillion received, wanting the 64 trillion received anticipated. AI Demand Powers A…
South Korea’s Kospi index and the Nasdaq 100 are transferring in close to lockstep. Their 60-day correlation climbed to about 0.50, the best degree since 2021, based on information from Rayliant Global Advisors. The tightening hyperlink traces again to synthetic intelligence (AI) spending. It now ties Samsung Electronics and SK Hynix to the identical hyperscaler…
Google is now not racing OpenAI and Anthropic to the similar end line. Its rivals need AI that improves itself. Google desires AI that understands the actual world. The break up is simple to miss, as a result of Google nonetheless ships fashions and nonetheless makes cash. But its latest launch landed tenth on one…
Anthropic mentioned on Tuesday that its Claude AI discovered new weak spots in two encryption methods. Encryption is the math that hides your messages, logins and financial institution particulars from strangers. Nothing you utilize right now is in danger. But the information issues for a distinct motive. A machine did work that prime human consultants…