KT partners with Canada’s Vector Institute in AI push

Kim Chae-hee (right), chief of strategy and planning at KT, and Alan Veerman, chief operations officer of the Vector Institute, sign a partnership agreement at the Vector Institute in Toronto on Thursday. (KT) KT wants to improve its competitiveness in artificial intelligence by partnering with Canada’s Vector Institute, a non-profit company dedicated to AI research. … Read more

SK to build AI computing infrastructure with University of Toronto

An exterior view of the St. George campus at the University of Toronto (courtesy of the University of Toronto) South Korean mobile telecom provider SK Telecom announced on Sunday that the company, its artificial intelligence chip developer Sapeon and the University of Toronto, are meeting on Thursday to build an AI chip-mounted computing infrastructure at … Read more

Shaping a fully optical, intelligent internet for 2030

Huawei Asia Pacific ISP Summit: Shaping a fully optical, intelligent internet for 2030 BANGKOK, September 19, 2022 /PRNewswire/ — At the Asia Pacific ISP Summit, Huawei presented its latest strategy of “Diving into the” Asia-PacificShaping an All-Optical, Intelligent Internet”, strengthening the ISP industry as the critical foundation of the Intelligent World 2030. The summit, together … Read more

The US looks to rival Europe and Asia with a huge floating offshore wind plan

The Block Island Wind Farm, photographed in 2016, is located in the waters off the east coast of the United States. DON EMMERT | AFP | Getty Images The White House said Thursday it is targeting 15 gigawatts of floating offshore wind capacity by 2035 as it appears to compete with Europe and Asia in … Read more

Stock trading higher, RBI rate decision ahead

CNBC Pro Stock Picks and Investment Trends: The Reserve Bank of India will announce its interest rate decision later Friday. Of the 63 respondents to a Reuters poll, 26 expect an increase of 50 basis points to 5.4%, while 20 predict a rise of 35 basis points. “We think optimal policy anchoring will require at … Read more

Shares soar after Wall Street rebound

SINGAPORE – Asia-Pacific stocks traded higher on Thursday after the rally on Wall Street. Japan’s Nikkei 225 rose 0.76%, while the Topix index climbed 0.25%. South Korea’s Kospi gained 0.33% and the Kosdaq rose 0.65%. In Australia, the S&P/ASX 200 rose 0.21%. MSCI’s broadest index of Asia-Pacific stocks outside of China was up 0.21%. CNBC … Read more

Geopolitical Tensions, Economy, Currency, Oil

SINGAPORE – Equities in the Asia-Pacific were mixed on Wednesday after a negative session on Tuesday as geopolitical tensions mounted between the US and China over US House Speaker Nancy Pelosi’s visit to Taiwan. In Australia, the S&P/ASX 200 fell 0.14%. South Korea’s Kospi fell 0.22% and the Kosdaq fell 0.13%. Japan’s Nikkei 225 rose … Read more

Stanford dropout startup worth millions could be an Indian tech unicorn

“When we started this 12 months ago, every conversation we had was, ‘You’re crazy, this is never going to work,’” said teen CEO Aadit Palicha. Still, Palicha’s company has managed to prove those doubters wrong — it’s now approaching unicorn status and is one of India’s fastest-growing fast-trading apps. A unicorn is a startup valued … Read more

South Korean Inflation, RBA Interest Rates, Oil

SINGAPORE – Asia-Pacific stocks fell Tuesday as inflation in South Korea rose and investors look ahead to the Reserve Bank of Australia’s interest rate decision. Japan’s Nikkei 225 fell 0.87% and the Topix index lost nearly 1%. In South Korea, the Kospi lost 0.39% and the Kosdaq 0.21%. Consumer prices in South Korea rose 6.3% … Read more

Asia-Pacific markets gain after Fed rate hike

SINGAPORE — Stocks in the Asia-Pacific region rose Thursday after the US Federal Reserve’s decision to raise interest rates by 75 basis points to fight inflation, a move widely expected. Japan’s Nikkei 225 rose 0.83%, while the Topix index rose 0.37%. In Australia, the S&P/ASX 200 was up 0.35%. South Korea’s Kospi rose 0.88%, while … Read more