Chinese Automakers Rising: BYD's Strategy to Overhaul the MarketOn March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
Valkyrie CIO Predicts Ripple ETF Approval Ahead of Ethereum [Dugguru=Sung-Hwan Hong] It has been observed that a Ripple (XRP) spot exchange traded fund (ETF) is likely to be approved before an Ethereum (ETH) spot ETF. It will be interesting to see if global managers will start to launch Ripple spot ETFs. "I don't think an Ethereum spot ETF will be approved in May because I believe that Ethereum can be a security," said Stephen McClurg, co-founder and chief investment officer of Valkyrie Investments, in a conversation with a reporter from U.S. financial media Fox Business, according to industry sources. "I think it's more likely that Ripple or Litecoin (LTC) will be approved before Ethereum." However, no manager has yet formalized the launch of a Ripple or Litecoin spot ETF. Seven asset managers, including BlackRock, Fidelity, Ark Investments, and Grayscale, have filed to list an Ethereum spot ETF. The U.S. Securities and Exchange Commission (SEC) is expected to make a decision on May 23 on whether to approve ETH spot ETFs. The market is betting that an ETH spot ETF is unlikely to be approved. This is because unlike Bitcoin, which is proof-of-mining (POW), Ethereum is proof-of-stake (POS), which raises ongoing securities issues. Eric Balchunas, an ETF analyst at Bloomberg, previously put the likelihood of an ETH spot ETF approval at 70% in January, but recently downgraded it to 30%. "The approval process for an ETH spot ETF is different from that for a bitcoin spot ETF," he explained, "and we've lowered our odds of approval given the lack of progress with more than 70 days to go before the deadline."
Nvidia Accelerates New Product Releases, Solidifies AI DominanceNvidia, the global AI leader, is expected to strengthen its dominance in the AI market as the launch cycle of its new products is being shortened. Moon Jun Ho, a researcher at Samsung Securities, believes that “The anticipation of Nvidia’s dominance in the AI market is continuously strengthening due to the shortened new product launch […]
Saudi Arabia's Ambitious Shift Towards Automated ManufacturingSaudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
DOJ vs. Apple: Antitrust Lawsuit Lacks Bite, Bloomberg Analysis SuggestsCriticism has emerged, labeling the antitrust lawsuit filed against Apple by the U.S. Department of Justice as “outdated.” While it’s true that Apple restricts competitors with its closed ecosystem, proving that its monopoly has harmed consumers is challenging. On the 24th, a Bloomberg correspondent specializing in Apple, Mark Gurman, claimed in a newsletter, “The Department […]
How Did Nvidia Become an AI Chip Powerhouse?Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
Apple in Talks with Baidu for AI Integration: A Shift in Strategy?Apple CEO Tim Cook greeted attendees at the grand opening of the new flagship Apple Store, Jing’an, in Shanghai, China, on the 21st (local time). /Xinhua=Newsis Apple is reportedly considering incorporating Baidu’s AI model Ernie Bot into its devices sold in China, such as the iPhone. According to the Wall Street Journal (WSJ), on the […]
Cash for Missiles: North Korea Rakes in Millions Through Cyber AttacksIn the Annual Report of the Un Security Council Sanctions Committee on North KoreaA total of $750 Million in Thieving Is SuspectedSmuggling of Refined Oil Exceeds 3 Times Its LimitSouth Korea and the U.S. Launched a Working-Level Consultation Body North Korea has reportedly funded half of its total foreign currency through hacking and cyber attacks. […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing ReportThe U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Nvidia CEO Jensen Huang Gives Handwritten Approval to Samsung's HBM3E at GTC 2024Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at ‘GTC 2024’ and left a handwritten approval for their 5th generation high-bandwidth memory ‘HBM3E’ 12-layer product. Previously, Huang had announced through a global media briefing that he had tested Samsung’s HBM and had high expectations. This handwritten approval from CEO Huang is interpreted as an […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with SanctionsApple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Apple's CEO Tim Cook Hits the Ground in China: Here's WhyTim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
Saudi Arabia Unleashes $40 Billion Blitz in Global AI RaceSaudi 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. […]
North Korea's Cruise Missiles vs. U.S. Tomahawk: Game-Changer in the Region? - Part 3“The performance is overwhelming when flying radar-altitude” It is worth noting that the U.S. Tomahawk cruise missile, which is a representative of cruise missiles, and the Hyunmoo-3 cruise missile operated by the South Korean military can fly 30 to 100 meters above the ground and follow the terrain. North Korea’s “Hwasal” long-range cruise missile has […]
North Korea's Cruise Missiles vs. U.S. Tomahawk: Game-Changer in the Region? - Part 1North Korean Cruise Missiles Excluded from International Sanctions NetDiversification of Offensive Means, Overloading ROK-U.S. Defense NetworkNumerous Loopholes in Air Defense, Particularly Threatening to South KoreaProposal for Development of K-SSAM’s Ground-based Derivative Model Since the Gulf War in 1991, the United States has often initiated military engagements with the launch of Tomahawk cruise missiles, marking the […]
Google's Gemini AI Engine May Soon Power Features on Apple's iPhone, Sources SayApple 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 […]
U.S. Boosts Development of AI Unmanned Fighter Jets to Check China - Part 3In addition, the U.S., Australia, China, and Japan are actively pursuing the development of stealth unmanned combat aircraft. However, the reality is that much of the stealth unmanned combat aircraft development in the UK, France, Russia, China, and Japan, excluding the U.S. and Australia, is shrouded in mystery. Even a part of it has not […]
U.S. Boosts Development of AI Unmanned Fighter Jets to Check China - Part 2There are two main reasons why the U.S. is rushing to develop AI unmanned combat aircraft. First, it’s due to cost pressure. As the production cost of existing military aircraft continues to rise, the U.S. Air Force is concerned that it could end up with the smallest and oldest aircraft since 1947. The AI unmanned […]
Future is Here: Waymo Unveils Fully Autonomous Ride-Hailing in LAWaymo, the autonomous driving division of Google’s parent company Alphabet, announced that it will begin offering a fully autonomous ride-hailing service to the general public in Los Angeles starting March 14, 2024, and plans to launch in Austin, Texas, by the end of this year. Waymo has been testing its Level 4 autonomous ride-hailing service […]
Elon Musk to Open-Source AI Chatbot Grok, Raising Pressure on OpenAIDetails of what will be open-sourced have not yet been disclosed Elon Musk, CEO of Tesla, announced on the 11th (local time) on his social media platform X (formerly Twitter) that he plans to release the source of the AI chatbot Grok this week, according to The Wall Street Journal (WSJ). The article did not […]
Chinese Automakers Rising: BYD's Strategy to Overhaul the Market On March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
Valkyrie CIO Predicts Ripple ETF Approval Ahead of Ethereum [Dugguru=Sung-Hwan Hong] It has been observed that a Ripple (XRP) spot exchange traded fund (ETF) is likely to be approved before an Ethereum (ETH) spot ETF. It will be interesting to see if global managers will start to launch Ripple spot ETFs. "I don't think an Ethereum spot ETF will be approved in May because I believe that Ethereum can be a security," said Stephen McClurg, co-founder and chief investment officer of Valkyrie Investments, in a conversation with a reporter from U.S. financial media Fox Business, according to industry sources. "I think it's more likely that Ripple or Litecoin (LTC) will be approved before Ethereum." However, no manager has yet formalized the launch of a Ripple or Litecoin spot ETF. Seven asset managers, including BlackRock, Fidelity, Ark Investments, and Grayscale, have filed to list an Ethereum spot ETF. The U.S. Securities and Exchange Commission (SEC) is expected to make a decision on May 23 on whether to approve ETH spot ETFs. The market is betting that an ETH spot ETF is unlikely to be approved. This is because unlike Bitcoin, which is proof-of-mining (POW), Ethereum is proof-of-stake (POS), which raises ongoing securities issues. Eric Balchunas, an ETF analyst at Bloomberg, previously put the likelihood of an ETH spot ETF approval at 70% in January, but recently downgraded it to 30%. "The approval process for an ETH spot ETF is different from that for a bitcoin spot ETF," he explained, "and we've lowered our odds of approval given the lack of progress with more than 70 days to go before the deadline."
Nvidia Accelerates New Product Releases, Solidifies AI Dominance Nvidia, the global AI leader, is expected to strengthen its dominance in the AI market as the launch cycle of its new products is being shortened. Moon Jun Ho, a researcher at Samsung Securities, believes that “The anticipation of Nvidia’s dominance in the AI market is continuously strengthening due to the shortened new product launch […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
DOJ vs. Apple: Antitrust Lawsuit Lacks Bite, Bloomberg Analysis Suggests Criticism has emerged, labeling the antitrust lawsuit filed against Apple by the U.S. Department of Justice as “outdated.” While it’s true that Apple restricts competitors with its closed ecosystem, proving that its monopoly has harmed consumers is challenging. On the 24th, a Bloomberg correspondent specializing in Apple, Mark Gurman, claimed in a newsletter, “The Department […]
How Did Nvidia Become an AI Chip Powerhouse? Nvidia, a U.S. semiconductor company, is a primary beneficiary of the AI boom. Since early last year, its stock price has surged by about 450%, and its market capitalization has exceeded $2 trillion. Nvidia has now established itself as the third highest-valued company in the U.S., following Microsoft and Apple. Nvidia’s growth is steep. Its […]
Apple in Talks with Baidu for AI Integration: A Shift in Strategy? Apple CEO Tim Cook greeted attendees at the grand opening of the new flagship Apple Store, Jing’an, in Shanghai, China, on the 21st (local time). /Xinhua=Newsis Apple is reportedly considering incorporating Baidu’s AI model Ernie Bot into its devices sold in China, such as the iPhone. According to the Wall Street Journal (WSJ), on the […]
Cash for Missiles: North Korea Rakes in Millions Through Cyber Attacks In the Annual Report of the Un Security Council Sanctions Committee on North KoreaA total of $750 Million in Thieving Is SuspectedSmuggling of Refined Oil Exceeds 3 Times Its LimitSouth Korea and the U.S. Launched a Working-Level Consultation Body North Korea has reportedly funded half of its total foreign currency through hacking and cyber attacks. […]
Short-Seller Targets SoundHound AI, Calls It 'NVIDIA's Favorite' in Scathing Report The U.S. activist short-seller investor Capybara Research has set its sights on SoundHound AI. This voice recognition AI company has attracted attention with its investment from the American semiconductor company NVIDIA. On the 22nd, Capybara stated in a short-selling report on SoundHound, “This company is a failed company that spreads lies and deceit. They don’t […]
Nvidia CEO Jensen Huang Gives Handwritten Approval to Samsung's HBM3E at GTC 2024 Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at ‘GTC 2024’ and left a handwritten approval for their 5th generation high-bandwidth memory ‘HBM3E’ 12-layer product. Previously, Huang had announced through a global media briefing that he had tested Samsung’s HBM and had high expectations. This handwritten approval from CEO Huang is interpreted as an […]
Apple Faces Antitrust Probe from U.S. and EU Authorities, Threatened with Sanctions Apple Faces Sanctions from U.S. and European Regulatory AuthoritiesCompeting in the Market with Advanced Technology Apple, the manufacturer of the iPhone, is now under sanctions from U.S. and European regulatory authorities. Apple’s closed ecosystem has come under scrutiny. According to the Financial Times, on the 21st (local time), the U.S. Department of Justice and 16 […]
Apple's CEO Tim Cook Hits the Ground in China: Here's Why Tim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
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. […]
North Korea's Cruise Missiles vs. U.S. Tomahawk: Game-Changer in the Region? - Part 3 “The performance is overwhelming when flying radar-altitude” It is worth noting that the U.S. Tomahawk cruise missile, which is a representative of cruise missiles, and the Hyunmoo-3 cruise missile operated by the South Korean military can fly 30 to 100 meters above the ground and follow the terrain. North Korea’s “Hwasal” long-range cruise missile has […]
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 […]
U.S. Boosts Development of AI Unmanned Fighter Jets to Check China - Part 3 In addition, the U.S., Australia, China, and Japan are actively pursuing the development of stealth unmanned combat aircraft. However, the reality is that much of the stealth unmanned combat aircraft development in the UK, France, Russia, China, and Japan, excluding the U.S. and Australia, is shrouded in mystery. Even a part of it has not […]
Future is Here: Waymo Unveils Fully Autonomous Ride-Hailing in LA Waymo, the autonomous driving division of Google’s parent company Alphabet, announced that it will begin offering a fully autonomous ride-hailing service to the general public in Los Angeles starting March 14, 2024, and plans to launch in Austin, Texas, by the end of this year. Waymo has been testing its Level 4 autonomous ride-hailing service […]
Elon Musk to Open-Source AI Chatbot Grok, Raising Pressure on OpenAI Details of what will be open-sourced have not yet been disclosed Elon Musk, CEO of Tesla, announced on the 11th (local time) on his social media platform X (formerly Twitter) that he plans to release the source of the AI chatbot Grok this week, according to The Wall Street Journal (WSJ). The article did not […]
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