Markets
SK hynix: From near-collapse to $1 trillion and a Nasdaq listing
SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.
Markets
Samsung loses over $100 billion in market value despite record profit
Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.
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Economy
The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
Culture news
Peppa Pig controversy as Hasbro introduce AI clause for child actors
US entertainment giant Hasbro is reportedly asking child actors on the popular series Peppa Pig to sign over their voices to artificial intelligence under new contract terms. An open letter signed by 1,000 industry professionals condemns the AI contract clause and warns of matters of consent.
Europe News
Kazakhstan's president talks about the future cooperation with the EU
Kazakh President Kassym-Jomart Tokayev is visiting Brussels. His goal: to deepen cooperation between the EU and Kazakhstan. The 73-year-old previously outlined what this might look like in an op-ed for Euronews. We have summarized the key points.
