The FinTech Hub
Source: Live Mint (Bloomberg) — South Korea’s biggest new listing in more than two years got off to a weak start as LG CNS Co. fell on its Seoul trading debut after a 1.2 trillion won ($821 million) initial public offering. Shares of the diversified technology-services unit of LG Group sank 9.9% to 55,800 won,…
Source: Live Mint As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom. A near 30% surge in Taiwan’s stock benchmark this year, set to be the best since 2009, has already helped spur a…
Source: Live Mint Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach…
