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SK Group Chair Chey says Nasdaq debut 'historical moment,' expects huge AI investment

WASHINGTON, July 10 (Yonhap) -- SK Group Chairman Chey Tae-won said Friday that South Korean chip giant SK hynix Inc.'s debut on the tech-heavy Nasdaq is a "historical moment" and a "dream come true," expressing his expectation for the group's large-scale investment in the artificial intelligence (AI) sector.

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AI moves to the factory floor as automakers embrace smart manufacturing

ARTIFICIAL intelligence (AI) is emerging as a driving force behind the next generation of automotive manufacturing, with new research showing the technology is helping automakers improve productivity, reduce equipment failures and strengthen quality control as factories become increasingly connected and data-driven.

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Agri trade deficit widens

THE country’s agricultural trade deficit of $988.65 million in May was 6.4 percent narrower than the $1.06 billion a year earlier, the Philippine Statistics Authority reported, but was larger than April’s $667.35 million and also the highest since March’s $1.25 billion.

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The Manila Times to host Maritime Forum on offshore wind supply chain

As the Philippines positions itself to become a major offshore wind market in Southeast Asia, The Manila Times will convene government officials, industry executives and maritime experts to discuss one of the sector’s biggest challenges — building the maritime infrastructure needed to support offshore wind development.

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Mitsubishi Motors Joins Physical AI Race With Humanoid Robot Production Deal

Mitsubishi Motors shares surged as much as 17% in Tokyo on Friday after the automaker unveiled a deal with the University of Tokyo startup Highlanders to mass-produce humanoid robots, signaling a push beyond its core automotive business and reinforcing a broader trend we have highlighted that could sweep across the …

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IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast

Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday.

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