Tech firms have joined forces both domestically and globally to take on US chip giant Nvidia in the AI chip sector, which has enjoyed a near monopoly in the burgeoning market. An increasing number of global Big Tech companies are building their own AI ecosystems amid expectations for continuous growth in the sector, according to experts on Tuesday. While Nvidia has teamed up with SK hynix and TSMC to further strength.
Artificial intelligence (AI) generated deepfakes represent a substantial threat to political campaigns in the lead-up to the April 10 parliamentary elections, prompting concerns among experts regarding their potential to influence election outcomes.
Coupang s continuous improvement in its profitability last year has led more securities analysts here to hold expectations for the Korean e-commerce giant to post an annual operating profit this year. Last Tuesday, the New York Stock Exchange-listed online retailer posted $83.4 million in operating profit during the fourth quarter of 2022. This followed the company turning a $77.4 million profit during the third quarter of last year.
Coupang stocks face doubts as insiders seek divestments
Posted : 2021-03-17 15:26
Updated : 2021-03-18 08:55
Coupang s logo is seen on an electronic signboard in New York, March 11. Courtesy of Coupang
By Park Jae-hyuk
Questions are rising among domestic retail investors over the valuation of Coupang stocks after the e-commerce firm s majority shareholders and employees began to unload their shares within a week after its Wall Street debut.
Korean retail investors snapped up $33.9 million worth of Coupang shares last week, on the day of the company s listing on the New York Stock Exchange. Retail investors have been advised to be cautious about possible fluctuations in the stock price.