AI Industry Development & Policy Dynamics

South Korea's Ministry of Science and ICT launched its 'AI for All' initiative in mid-July 2026, aiming to provide free, unlimited AI chatbot access to approximately 51 to 52 million residents. On August 28, 2026, the ministry announced the selection of three consortia—SK Telecom, KT, and

Meta agreed to pay up to $17 billion this week as part of a landmark settlement with state attorneys general over claims its social media apps endangered children and teens. The settlement comes amid mounting American distrust toward the tech sector, with more than half of Americans saying they're m

Major technology stocks delivered strong earnings results this week, with the Nasdaq Composite gaining 0.9% and the S&P 500 rising 0.5%. Nvidia reported better-than-expected fiscal second-quarter results on Wednesday, while Salesforce and CrowdStrike also exceeded revenue expectations. The gains

According to CNBC, Salesforce reported robust quarterly results Wednesday, with its combined AI and data annual recurring revenue reaching $3.9 billion, more than tripling year over year. The company's Agentforce product grew to $1.5 billion in ARR within 18 months of launch, up 240% year over year,

According to CNBC, Salesforce delivered a blockbuster earnings report released Wednesday, with shares surging 20% following the announcement. Adjusted earnings of $5.90 per share nearly doubled consensus estimates of $3.27, while revenue grew 11% year-over-year to $11.35 billion, with non-GAAP

According to Crypto Briefing citing South Korea's Ministry of Science and ICT, on August 28, the government selected three consortia—SK Telecom, KT, and Kakao—to operate its "AI for All" initiative, providing free, unlimited AI chatbot access to approximately 52 million residents. The ministry

According to Terminal-Bench, GLM-5.3 + Claude Code achieved 41.8% in the latest Terminal-Bench 4.0 ranking, climbing to third place and surpassing GPT-5.6 Sol + Codex's 37.3%. The model improved significantly from Terminal-Bench 3.0, where it ranked fourth with 32.4% and trailed behind Sol's 34.6%.

According to New York's Division of Consumer Protection, the state issued an investment scam alert on Aug. 26 after 144,041 consumers reported losing over $8 billion in 2025, representing a 38% increase from 2024. The median reported loss reached $10,560. Fraudsters increasingly use artificial

Nvidia delivered better-than-expected fiscal second-quarter results on Wednesday, marking its fourth consecutive quarter of accelerating revenue growth and issuing a strong outlook for the next fiscal year. The AI chip leader's stellar earnings lifted the broader market Thursday, with the Nasdaq

According to CNBC, Salesforce reported stronger-than-consensus earnings on Wednesday, with AI and data annual recurring revenue (ARR) reaching $3.9 billion, more than tripling in a single year. Adjusted earnings per share hit $5.90, nearly double the consensus estimate of $3.27, while non-GAAP

According to Evercore ISI analyst Mark Mahaney, the firm raised its price target for Amazon to $335 and maintained an Outperform rating on May 1, citing strong momentum from Rufus, the company's AI shopping assistant. More than 250 million customers used Rufus in 2025, with users 60% more likely to

On August 28, South Korea's Ministry of Science and ICT announced that three consortia—SK Telecom, KT, and Kakao—won a competitive bidding process to operate a nationwide free AI service covering all 52 million residents. The program, launched in mid-July 2026 under the "AI for All" initiative,

Zhipu announced yesterday (August 29) that it has open-sourced the GLM-5.3 model weights, which are now available for download and support local deployment and customization. The model excels at complex coding, defensive cybersecurity, and long-horizon tasks, achieving a score of 60 on the AA

According to TIME magazine, the publication recently released its fourth TIME100 AI list, expanding beyond traditional AI technologists to include U.S. Senator Bernie Sanders, AFL-CIO President Liz Shuler, and environmental activist Erin Brockovich. The list reveals a significant structural shift in

According to New York State Division of Consumer Protection, on Aug. 26, 144,041 consumers reported losing over $8 billion to investment scams in 2025, a 38% increase from 2024, with the median loss reaching $10,560. Investment scams became the costliest fraud category tracked by the Federal Trade C

According to Seoul Economics, SpaceX completed the acquisition of Cursor (parent company Anysphere), an AI coding startup, for $60 billion in early August. Founded in 2022 by four MIT dropouts, Cursor is now a wholly-owned subsidiary of SpaceX and provides agentic AI technology that independently

In a May 1 note, Evercore ISI analyst Mark Mahaney raised his price target for Amazon to $335 from $315, citing strong potential from Rufus, the company's AI shopping assistant. More than 250 million customers used Rufus in 2025, and those

On August 28, South Korea selected three consortia—SK Telecom, KT, and Kakao—to operate a nationwide free AI service for 52 million residents. The Ministry of Science and ICT will supply 512 Nvidia B200 GPUs to power the initiative, with a public beta planned for late September 2026 and full

According to Yonhap News, SK Telecom today announced it is spinning off its artificial intelligence data center (AIDC) business into a new entity called SK Horizon and plans to raise 3.08 trillion won (approximately $2.2 billion) in external funding. The spinoff is expected to complete on

According to New York Division of Consumer Protection, on Aug. 26 the agency warned of surging investment scams after 144,041 consumers reported losing more than $8 billion in 2025, a 38% increase from 2024, with a median individual loss of $10,560. Investment fraud became the costliest category