Mark Zuckerberg, CEO of Meta, has hired three researchers from OpenAI to bolster his company’s work on artificial intelligence. This strategic move aims to guide Meta Platforms through its current AI challenges. The social-media corporation brought aboard Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, all of whom previously held positions at OpenAI’s branch in Zurich, as per sources privy to this information. These individuals established OpenAI’s location in Zurich towards the end of last year. Prior to their time at OpenAI, they collaborated closely within Google DeepMind, which is the organization’s artificial intelligence division. A representative from OpenAI verified that the three scientists have departed from the organization. Zuckerberg has been on an intense recruiting drive To correct the company’s AI initiatives following the underwhelming reception of its most recent model, he has sometimes proposed giving researchers up to $100 million to become part o...
A display at Hana Bank's trading floor reveals the Kospi index and the won-dollar exchange rate in downtown Seoul on June 24. [NEWS1]
Korean equities started the day 2 percentage points up on Tuesday, buoyed by reduced geopolitical pressures in the Middle East following US President Donald Trump’s statement that Israel and Iran had reached an agreement for a ceasefire to terminate their hostilities.
The Kospi surged by 60.32 points, equivalent to 2 percent, reaching 3,074.79 during the initial 15 minutes of trade.
Following Iran’s launch of short- and medium-range ballistic missiles at Al Udeid Air Base in Qatar—the biggest US military base in the Middle East—which was in retaliation for America's assault on three major Iranian nuclear facilities during the previous weekend, Trump issued his statement.
The president stated that without the ceasefire, the conflict might have continued for several more years, potentially devastating the whole area.
Many blue-chip stocks gained momentum following the announcement, with industry leader Samsung Electronics climbing 3.53 percent and its competitor SK Hynix surging 5.97 percent.
The top biotech firm Samsung Biologics saw an increase of 1.01 percent, while the prominent battery producer LG Energy Solution rose by 2.89 percent. Leading carmaker Hyundai Motor contributed with a gain of 2.23 percent.
On the contrary, refiners and internet portal operators showed declines. Prominent refiner SK Innovation dropped by 3.02 percent, and leading internet portal company Naver decreased by 1.9 percent.
At 9:15 a.m., the local currency was exchanging for 1,366.55 won per U.S. dollar, marking an increase of 17.75 won compared to the prior day’s rate.
Yonhap