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South Korea targets world-leading sovereign AI model

South Korean President Lee Jae Myung unveiled the country’s largest ever budget on Monday, pledging to “boldly invest in AI and future growth engines.” Speaking to the National Assembly on Monday, Lee said total spending for 2027 would rise 12.8% to 820.9 trillion won ($610.14 billion), including 21.3 trillion won for semiconductors, physical AI and...
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Ambani’s Jio Platforms becomes India’s second-most valuable firm

MUMBAI, INDIA – OCTOBER 28: Reliance Industries Chairman Mukesh Ambani (2L), Reliance Foundation Founder-Chairperson Nita Ambani (L), Jio Platforms Ltd. Non-Executive Director Isha Ambani (3L), Reliance Jio Infocomm Ltd. Chairman Akash Ambani (C), Non-Executive Director Anant Ambani (3R), Radhika Merchant (2R), and Kokilaben Dhirubhai Ambani (R) ring the ceremonial listing bell during the stock market...
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Samsung Electronics third-quarter profit in line with estimates amid rising demand for AI memory chips

The Samsung logo, representing the South Korean multinational manufacturing conglomerate, the largest chaebol of South Korea, and the world’s largest information technology company, consumer electronics maker, chipmaker, and smartphone manufacturer, appears on their pavilion during the Mobile World Congress 2025 in Barcelona, Spain, on March 5, 2025. (Photo by Joan Cros/NurPhoto via Getty Images) Nurphoto...
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$22 billion in military spending approved

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India, the world’s fifth-largest military spender, shares a contentious relationship with two of its nuclear-armed neighbors — China and Pakistan. Last year, New Delhi...
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