Market Analysis
SK Telecom Upgrades AI ChatBot, Expects Users to Treat it as a “Close Friend”
SK Telecom equipped its AI chatbot with new technology using Microsoft's cloud computing service.
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Market Analysis
Market Analysis
Fidelity Has Written Down its Reddit Stake by 47% as Site Enters a New Era
For the second time, Fidelity reduced its Reddit’s valuation in the Fidelity Blue Chip Growth Fund.
Market Analysis
SoftBank Subsidiary to Develop Generative AI Tools for Enterprises
SoftBank Group's telecom division will invest $138 million in the development of generative AI infrastructure.
Market Analysis
$199M Flows into Digital Asset Funds in a Week After BlackRock’s Bitcoin ETF Application
Bitcoin-related investment funds registered $188 million in inflows last week, or 94% of the total amount.
Market Analysis
Is Wall Street Issuing a Legitimacy Signal for Crypto with EDX Markets?
Closely following SEC’s lawsuits against Coinbase and Binance.US, Wall Street launched its own crypto exchange, EDX Markets.
Forex
Over 500 Argentine Companies Turn to the Yuan for Imports Amid Dollar Shortage
In the first 10 days of June, yuan transactions in Argentina's forex market rose to $285 million.
Best Stocks
MicroStrategy’s Shares Up 122% YTD as Bitcoin Hovers Near $30k
MicroStrategy's BTC stake is currently worth $4.23 billion.
Market Analysis
How BlackRock’s ETF Application Has Already Changed the Crypto Market
Even in its unapproved state, BlackRock’s iShares Bitcoin Trust manifests major gravity pull.
Market Analysis
After $32B Loss in May, SoftBank to Go On “Offense Mode” with AI
SoftBank's cash on hand accumulated to $35.3 billion during its "defense mode."
Market Analysis
Tesla Up 3.3% as Rivian Agrees on Charging Standard
Rivian, American manufacturer of utility EVs, partnered with Tesla to adopt the North American Charging Standard.
Market Analysis
Berkshire Hathaway Adds to Japanese Holdings Amid a Booming Stock Market
Berkshire Hathaway's holdings in five major Japanese trading houses have reached an average of 8.5%.
Market Analysis
US PPI in May Dropped to 1.1%, Lowest Since December 2020
US producer price index fell to 1.1% in May, lower than the expected 1.5%.
Market Analysis
US Annual CPI at 4% in May: What’s Next for the Fed?
The Fed is set to meet on June 14 and decide its next policy move.