South Korea's President Yoon Suk Yeol said the government will invest 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 in a bid to maintain its global dominance in semiconductor chips.
Industry
DOJ Launches Formal Antitrust Probe into Nippon Steel's Takeover of US Steel: Report
The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
US, Japan Vow New Collaboration to Push for Next Generation Nuclear Power
The United States and Japan have recently unveiled a collaborative effort aimed at accelerating the advancement and implementation of nuclear fusion technology.
China Accused of Flooding Britain with Fake Royal Mail Stamps; Experts Term it as 'Economic Warfare'
The reports indicate that four Chinese suppliers are manufacturing counterfeit stamps at an alarming rate of up to one million per week.
Tesla No. 1 in Brand Loyalty, New Survey Reveals; Almost 90% of EV Owners Say They'll Buy Again
Tesla is no. 1 in a new brand loyalty survey and almost 90% of its customers in the US say they'll buy another Tesla.
Latest News
The US Treasury Department has expressed concerns about the growing use of virtual currencies and other digital assets by terrorist groups unless Congress enacts new regulatory measures.
Russia is reportedly considering Kazakhstan as a potential source of gasoline in the event of shortages aggravated by Ukrainian drone attacks on oil refineries.
Ripple CEO Brad Garlinghouse said the cryptocurrency market is poised for significant growth this year.
The Dutch government is reportedly set to comply with the US demand to tighten restrictions on semiconductor-related exports to China.
Labor unions and employers in Norway have successfully negotiated a 5.2% wage increase. Labor unions and employers in Norway have successfully negotiated a 5.
Russian nuclear power corporation Rosatom accused Ukraine of attacking the Zaporizhzhia plant. Russian nuclear power corporation Rosatom has pointed fingers at Ukraine's military, alleging a series of assaults on the Zaporizhzhia nuclear power station under Russian control, according to a report by Reuters.
Much of the investment is directed towards improving Canada's computing and technology infrastructure, which will benefit AI researchers and startups.
Tesla CEO Elon Musk has announced that the company will unveil its highly anticipated robotaxi product in August.
Tesla has reportedly ended its plans for a low-cost vehicle, a move attributed to the formidable competition posed by Chinese EV manufacturers.
