BUSINESS
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South Korea's Instant Noodles Export Amount Records an All-Time High South Korea recorded its all-time high in instant noodles exports last month. Instant noodle exports have been on the rise since the beginning of the year, and they are expected to surpass $1 billion for the first time this year. On the 21st, Yonhap News reported the trade statistics after verifying it with the Korea […] -
BAE Systems Plans $4 Billion Bond Sale for Ball Aerospace Acquisition British defense company BAE Systems is preparing to sell corporate bonds to finance the acquisition of Ball Aerospace. According to an insider, as of the 18th (local time), BAE Systems is recruiting investors to sell corporate bonds that could exceed $4 billion to refinance the bridge loan used to acquire Ball Aerospace. The final size […] -
Saudi Arabia Unleashes $40 Billion Blitz in Global AI Race Saudi Arabia plans to invest approximately $40 billion in the artificial intelligence (AI) industry. Major governments worldwide are racing to increase their investments to gain an edge in AI supremacy. According to the New York Times and other sources, on the 20th, Saudi Arabia plans to establish a $40 billion fund to invest in AI. […] -
Jensen Huang Tests Samsung's HBM, Expresses High Hopes Jensen Huang, CEO of the American semiconductor company NVIDIA, tested Samsung’s HBM (High-Bandwidth Memory) and expressed high expectations at a global media roundtable on the 19th (local time). NVIDIA revealed that they had previously been supplied with HBM from SK Hynix and Micron but are now testing Samsung’s HBM. HBM is a high-performance product essential […] -
NVIDIA Unveils Next-Generation AI-Enhanced Humanoid Robots [AlphaEconomy=(Chicago) Kim Jisun Correspondent] Nvidia has unveiled a humanoid robot with AI capabilities. Nvidia announced a hardware and software platform for building human-like robots, including generative AI capabilities... -
Microsoft Recruits DeepMind Co-Founder to Head AI Division Microsoft (MS) announced on the 19th (local time) that it has recruited Mustafa Suleyman, co-founder of the artificial intelligence (AI) company DeepMind and also the founder and CEO of another AI startup, Inflation AI, to head its AI business. According to MS’s disclosure, CEO Satya Nadella informed the employees on the same day that “Suleyman […] -
AstraZeneca Bets on New Cancer Treatments By Acquiring Fusion Pharmaceuticals for $2 Billion [AlphaEconomy=(Chicago) Jisun Kim Correspondent] AstraZeneca is acquiring Fusion Pharmaceuticals, a clinical-stage biopharmaceutical company. AstraZeneca said on Nov. 18 (local time) that it is acquiring Fusion Pharmaceuticals for about $20 billion in cash as it bets on next-generation cancer treatments... -
Goldman Sachs Slashes Tesla's Target Price Over Production Concerns Global investment bank Goldman Sachs has downgraded Tesla’s stock price. This reflects concerns about production issues and market conditions despite the price increase of Tesla’s main models. On the 18th, Goldman Sachs lowered Tesla’s target stock price from $220 to $190, maintaining a neutral investment opinion. The $190 is based on applying a 50-time multiplier […] -
Starbucks Announces New Global Leadership Team Starbucks has appointed new global executives. On the 18th (local time), Starbucks announced a new global leadership structure by appointing Michael Conway as the CEO of North America and Brady Brewer as the CEO of Starbucks International. Conway has been a Starbucks partner since 2013 and currently serves as a group representative of the international […] -
Hyundai's Electric Vehicle Lineup Racks Up 48 Awards Across 13 Countries In the fierce global electric vehicle market, Hyundai Motor Group’s various electric vehicle models have been honored one after another at award ceremonies hosted by influential automotive organizations and media around the world, including in the U.S., Europe, and Asia. According to Hyundai Motor Group on March 19, the electric vehicles of its three brands […] -
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources Say Apple is in talks to integrate Google’s Gemini into the iPhone. Bloomberg reported on Monday, citing a source, that Apple is in discussions to incorporate Google’s Gemini AI engine into the iPhone, according to a report on the 18th. According to the source, the negotiations involve a Gemini license for some new features to be […] -
More than NVIDIA? This Company's Stock Cap Soared Up 12 Times! SMCI is included in the S&P 500 index this weekEndowed competitiveness with the rapid release of customized serversSMCI-NVIDIA interdependencies also notedSimilar to NVIDIA’s launch and start-up years NVIDIA is dominating as the AI leader and showing an incredible rise in stock prices. However, in a similar sector of Wall Street, the server manufacturer company and a […] -
NVIDIA Unveils Blackwell, a Platform With 30x Faster Inference Speeds NVIDIA has unveiled the Blackwell architecture, which has up to 30 times faster AI inference speed than the previous generation. Aiming to accelerate the advent of general artificial intelligence (AGI), Blackwell performs AI learning 5 times faster and the power-to-performance ratio by 25 times than the previous model, H100 Hopper. On the 18th (local time), Jensen […] -
Fisker to Halt Production for Six Weeks due to Deteriorating Business Conditions American electric vehicle startup Fisker announced on March 18, 2024, that it will halt production for six weeks. The company cited deteriorating cash flow and the need to prevent inventory build-up as reasons for the halt. It also added that it is currently in alliance negotiations with major automakers and focusing on avoiding bankruptcy. Fisker […] -
'Pro-China' Brazil Launches Anti-Dumping Investigation Into Chinese Steel and Other Products Investigation of 6 sectors, including chemicals and tiresInventories piled up as China’s domestic demand shrinks, exported at low pricesInvestigation could escalate trade tensions Photo=Reuters Yonhap News Brazil, known for its friendly relations with China, has launched an anti-dumping investigation targeting China. This move comes as a countermeasure against China’s low-cost export of surplus products due […] -
Bentley Named 'Britain’s Most Admired Automotive Manufacturer' For Two Consecutive Years Bentley Motors was selected as “Britain’s Most Admired Automotive Manufacturer” for the second year in a row. On the 12th, Bentley Motors announced that it had been ranked first in the automotive sector for two consecutive years, according to a survey conducted by Echo Research. The “Britain’s Most Admired Companies” award is a corporate reputation […] -
Pfizer to Sell $2.5 Billion Worth of Haleon Shares, Focusing on Pharmaceutical Innovation Pfizer has started to dispose of its stake in Haleon, as it previously expressed its desire to focus on pharmaceutical innovation. Pfizer plans to sell about 2 billion pounds ($2.5 billion) of Haleon stock, which is the first step in reducing the 32% stake held by Haleon’s largest shareholder. Pfizer has been stating for a […] -
2nd Richest Man in China Faces Permanent Ban from Stock Market - Here's Why Xu Jiayin, the chairman of Evergrande who once rode the Chinese real estate boom to become the second-richest person in Asia, has fallen from grace as Chinese securities authorities permanently banned him from entering the stock market. Evergrande once became China’s second-largest real estate developer, but in 2021, it began defaulting on offshore bonds. It […] -
Peter Thiel Executes First Sale of Palantir (PLTR.N) Shares for $175 Million Peter Thiel, a key figure at the software and analytics firm Palantir Technologies, has sold a portion of his shares in the company. Thiel announced on the 16th (local time) that, for the first time, he had sold a portion of his Palantir Technologies stake, worth about $3.4 billion, which he had held for over […] -
Goldman Sachs Expects Gold to Be $2300 This Year Goldman Sachs, a global investment bank (IB), predicted a sharp rise in the price of gold this year. This reflects expectations of a decrease in interest rates despite the uncertainty of U.S. interest rates. Goldman Sachs predicted on the 18th that the price of gold this year would reach $2300 per ounce. Previously, Goldman Sachs […]
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