AI Industry Development & Policy Dynamics

NVIDIA-backed AI infrastructure startup Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion, marking the company's largest funding round before its planned 2027 initial public offering. Blackstone and Coatue Management are leading the investment. Lambda's unfilled orders (b

AMD CEO Lisa Su met with South Korea's Vice Minister of Science and ICT Ryu Je-myung on October 7 at the Four Seasons Hotel in Seoul to discuss the company's expansion plans in Korea. AMD announced it will launch an AI research center in Korea and hire hundreds of AI researchers to advance cutting-e

According to reports, AMD CEO Lisa Su met with South Korea's National AI Strategy Committee Vice Chairman Ha Jeong-woo and other high-ranking government officials on October 7 to discuss AI semiconductor cooperation. The CEO also held separate meetings with the Ministry of Science and ICT's second v

Google Gemini AI predicts Chainlink (LINK) could reach $300 by January 1, 2027, under a hypothetical scenario involving major institutional adoption. The prediction assumes a consortium of traditional financial institutions, clearing houses, and at least one government or regulatory body

Boston Dynamics, the robotics subsidiary of Hyundai Motor Group, announced on the 6th (local time) the appointment of Rohit Prasad as its new Chief Executive Officer to strengthen the company's physical artificial intelligence capabilities. Prasad joins Boston Dynamics from Amazon, where he played a

Boston Dynamics, the robotics subsidiary of Hyundai Motor Group, announced on October 6 that it has appointed Rohit Prasad, a veteran AI executive, as its new chief executive officer. Prasad previously led Alexa and AGI initiatives at Amazon, where he oversaw development of the Nova Foundation

According to their announcement on October 6, Atlassian and OpenAI announced an expanded partnership integrating GPT-6 models across Atlassian's platform and Rovo, its AI-powered work tool. The collaboration provides Atlassian access to GPT-6 Astra and the GPT-5.6 series, supporting work planning, s

According to CNBC on October 6, Jim Cramer, host of the network's "Mad Money" program, recommended investing in large-cap technology stocks with solid business foundations and diverse AI monetization opportunities as a key way to benefit from the artificial intelligence investment surge. Cramer

According to Money Today, South Korean telecom equipment stocks rose significantly on October 7 morning, with 빛과전자 (Lightel) surging 13.97% to 5,710 Korean won and other peers including 이노인스트루먼트 gaining 4.71%, 한국첨단소재 rising 5.04%, and 코셋 climbing 4.00%. The rally was driven by expanding demand

Anthropic expanded its Cyber Verification Program for Claude into three tiers on October 7, combining it with Project Glasswing to provide vetted security professionals broader access with fewer cyber-related blocks on Claude Platform, Google Cloud Vertex AI, and Microsoft Foundry. The three

The Korea Federation of Savings Banks and SK AX are strengthening security design for a 100 billion won next-generation Integrated Financial Information System (IFIS) following recent AI hacking incidents in the financial sector. The enhanced security measures address vulnerabilities exposed in rece

NVIDIA stocks hit a new all-time high on the 6th (local time), marking the second consecutive day of record closes as the AI semiconductor leader's market capitalization approaches a potential $6 trillion breakthrough. The stock closed at $239.2, up 0.14% from the previous trading day, after

According to energy industry reports, Alphabet agreed to purchase nuclear power from Constellation Energy on October 5, marking an expansion of 890 megawatts of reactor capacity as the tech giant continues investing in reliable power sources for AI infrastructure. Constellation Energy's stock

According to OpenAI, on October 6, the company announced a collaboration with Ironclad to develop and evaluate AI agents for contract workflows in legal, commercial, and procurement. In OpenAI's 11-task evaluation, GPT-6 Astra achieved 55.0% accuracy compared to 41.6% for GPT-5.6 Sol. Processing

Five major South Korean bank CEOs are set to be summoned for parliamentary audit following AI-based hacking incidents that exposed customer data and controversies surrounding investments in the film 'Assassin(s)'. The National Assembly's Political Affairs Committee is discussing summoning Lee Hwan-j

According to Eximius Ventures, Indian AI agribusiness software startup Myca has raised $1.3 million in a pre-seed round led by Kriscore Capital, with participation from Eximius Ventures and Indigram Labs Foundation. The company plans to use the funds to expand its product offerings, strengthen its e

SpaceX is seeking $40 billion in financing to purchase Nvidia chips, according to a Financial Times report citing people familiar with the matter. SPCX shares fell 1% in after-hours trading on Tuesday following the report. The financing effort is expected to be led by Apollo Global Management and in

Global financial institutions including JPMorgan and HSBC are deploying artificial intelligence systems to detect cyber vulnerabilities and financial crimes following AI-powered hacking incidents at seven Korean financial companies. The institutions are implementing an 'AI versus AI' defense