South Korea plans to invest 4 trillion won to build a national ai computing center.

South Korean government officials announced on Wednesday that South Korea will invest 4 trillion won (approximately 2.86 billion USD) to establish a national ai computing center, aiming to enhance the country's competitiveness in this rapidly growing technological field. According to officials from the South Korean Ministry of Science, Technology, Information and Communication, this decision was made during a high-level meeting related to the economy to improve the global competitiveness of local industries. This initiative aims to secure advanced graphics processing units (GPUs) that play a key role in ai, to assist local businesses and researchers. By the end of 2023, South Korea will have about 2,000 AI chip-enabled units.

Global Market Report02:30 ET

Reports indicate that OpenAI allows employees to sell $1.5 billion worth of shares to SoftBank, with the possibility of more secondary market sales in the future.

According to informed sources, OpenAI will allow employees to sell approximately 1.5 billion dollars worth of stocks to Japan's SoftBank Group in a new tender offer. Two informed sources stated that the new financing will enable SoftBank Group to acquire a larger share of this ai startup and allow current and former OpenAI employees to cash out their shares. One of the sources said that OpenAI employees will decide whether to participate in the new tender offer by December 24. Another source indicated that this trade is being pursued under the initiative of SoftBank founder and CEO Masayoshi Son.

Global market report01:22 ET

Express News | OpenAI Gets New $1.5 Billion Investment From SoftBank, Allowing Employees to Sell Shares in a Tender Offer - CNBC

Reuters00:19 ET

OpenAI Gets New $1.5 Billion Investment From SoftBank, Allowing Employees to Sell Shares in a Tender Offer

CNBC00:15 ET

Dell and hp inc's personal computer business revenue both fell short of expectations, highlighting the stagnation of the industry recovery.

The quarterly financial reports released by dell technologies and hp inc indicate that the long-awaited recovery in the personal computer market is stagnating, with both companies' stocks falling in post-market trading. Dell's personal computer business saw a 1% decrease in revenue for the third fiscal quarter, totaling 12.1 billion USD, which fell short of expectations. Hp inc's personal computer business experienced a 2% increase in revenue over three months, reaching 9.59 billion USD, also below the analysts' average expectations. Dell's chief financial officer Yvonne McGill stated during a conference call with analysts after the earnings report was released on Tuesday that the PC upgrade cycle will continue into next year. Hp inc's CEO

Global Market Report23:08 ET

OpenAI's Sora Video Model Leak Exposes Deep Rift With Artists — Unpaid R&D, PR Puppets, And Content Approval Fury: What You Need To Know

Benzinga22:19 ET