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global tech investments surge as companies pivot towards ai and digital assets
Softbank is reportedly leading a $3 billion deal targeting corporate AI clients, alongside a $500 million round for Skild AI at a $4 billion valuation. In Korea, Kakao and OpenAI are enhancing AI integration in the top social platform, while Huawei pushes its HarmonyOS as a viable alternative to Google’s Android. Meanwhile, India is shifting its stance on digital assets, potentially influenced by global regulatory trends, as Shein reenters the market through a partnership with Reliance Retail.
tsmc founder warns of severe challenges amid faltering free trade in semiconductors
Morris Chang, founder of TSMC, warned that the company is approaching its most significant challenges in growth due to the US's restrictions on advanced chip exports to China. He emphasized that the era of free trade in semiconductors has ended, complicating the path forward for the industry.