DeepSeek to Double Workforce With $7.35B Funding Round
DeepSeek is close to raising 50 billion yuan, which converts to roughly US$7.35 billion, in a new funding round. This is a huge amount of money and shows that investors believe the company has a strong future in artificial intelligence (AI). The new funding will help DeepSeek buy powerful computers,
Lithium Industry Shifts Focus Beyond Electric Vehicles, as Demand Soars
Lithium is becoming more hopeful about a market recovery. Experts say that the growing demand for battery storage systems is partially balancing slower EV market growth. For many years, EVs were the primary driver of increased lithium demand. However, changes in government policies, especially in the United States, have slowed
Samsung Electronics Plans $59 Billion Share Buyback
Samsung Electronics is planning to buy back its own shares worth about 90 trillion won ($58.6 billion), according to a report by Yonhap News Agency. After the news came out, Samsung’s share price jumped more than 6%. The company also recently reached a wage agreement with its employee union. As
Hyundai Buys Softbank’s Boston Dynamics Stake For $325m
The Hyundai Motor Group has announced it will purchase the remaining 9.65% stake owned by SoftBank in Boston Dynamics for $325 million. If this acquisition takes place, Hyundai will fully own Boston Dynamics, a leading American robotics firm. According to a report by Maeil Business Newspaper, Hyundai’s board is expected
Muthoot Finance Gold Loan Interest Rate and Scheme
Did your parents always ask you to invest in gold rather than buy you a luxury car or an expensive watch? It is because gold has long been considered a valuable investment. It is a timeless asset whose value continues to increase. Something you purchase for ₹25,000 today could appreciate
SK Hynix Ships Next-Gen Chip Samples to Top Customers
SK Hynix has begun supplying samples of its next-generation HBM4E memory chips to major customers, aiming to strengthen its leadership in the rapidly expanding AI memory market. The South Korean chipmaker stated that it successfully delivered the 12-layer HBM4E samples to customers as planned, highlighting the company’s expertise in high-bandwidth
Samsung Takes BYD, Google, AMD Orders Amid TSMC Shortage
Samsung Electronics is receiving more demands from major companies to make advanced chips, as the world’s top chipmaker, TSMC, is running short on capacity due to strong demand for artificial intelligence (AI) technology, according to a Nikkei Asia report. China’s largest electric vehicle maker, BYD, is in talks with Samsung
Standard Chartered Plans HK Gold Vault to Boost Trade Hub
Standard Chartered is planning to build its first gold storage vault in Hong Kong. The project is still in its early stages, and the bank is currently evaluating different locations for the facility. The plan supports Hong Kong’s efforts to become a leading international hub for gold trading and comes
Inclusive Growth: Meaning, Objectives, and Pillars
Inclusive growth aligns with the principles of social and economic justice enshrined in the Indian Constitution’s Preamble and Directive Principles of State Policy. It emphasises ensuring that the benefits of economic growth reach all sections of society, especially the poor, women, youth and marginalised communities. Inclusive growth can promote economic
BizLink to Acquire Interplex Datacom for $900M
Taiwan’s BizLink Holding Inc. has officially signed a definitive agreement to acquire Singapore-headquartered Interplex Datacom from funds managed by Blackstone Inc. for a total transaction value of up to $900 million. The massive all-cash deal features a base enterprise value of $850 million, supplemented by up to $50 million in
