Seoul, June 14 (IANS) Hyundai Motor Group accounted for 11.8 per cent of the US automobile market in the January-April period this year, data showed on Sunday, on the back of strong sales of hybrids and other eco-friendly models.According to data compiled by industry tracker Omdia, the combined market share of Hyundai Motor Co. and Kia Corp. rose 1 percentage point from a year earlier during the first four months of 2026, ranking fourth behind General Motors Co., Toyota Motor Corp. and Ford Moto…
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Seoul, June 11 (IANS) South Korean stocks were trading lower on Thursday morning amid continuing volatility surrounding major technology shares and concerns over escalating tensions between the United States and Iran.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) had fallen 124.91 points, or 1.62 percent, to 7,605.91 as of 11:20 a.m. The index had started nearly 3 percent lower, reports Yonhap news agency.Overnight, the Dow Jones Industrial Average closed 1.87 perc…
Seoul, June 8 (IANS) Nvidia and SK hynix said on Monday they have entered into a multi-year technology partnership to advance next-generation memory technologies for artificial intelligence (AI) factories.”We made a very significant and long-term partnership with SK,” Nvidia Chief Executive Officer (CEO) Jensen Huang told reporters at the SK Group headquarters in Seoul.Huang said the two companies will jointly develop technology road maps and deepen their collaboration beyond traditional memory …
New Delhi, June 6 (IANS) Elon Musk’s SpaceX said that Google’s parent company Alphabet has agreed to pay it $920 million a month for computing capacity under a cloud services contract that runs from October 2026 through June 2029.The total monthly fee amounts to roughly $30 billion over the life of the agreement, according to an exchange filing in the US. The contract gives Google access to 110,000 Nvidia graphics processing units as well as central processing units, memory and related compone…
Washington, June 6 (IANS) Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, has invited Nvidia President and Chief Executive Officer Jensen Huang to testify at a public hearing on artificial intelligence next week, placing renewed focus on the company’s business interests in China and US export controls.In a letter dated June 4, Warren asked Huang to appear before members of the Senate Committee on Banking, Housing, and Urban Affairs at a hearing scheduled for June 11 i…
Seoul, June 2 (IANS) Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence (AI) memory.The meeting took place in Taipei, according to a post on SK Group’s Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia’s largest technology trade shows.”With SK hynix reaching a market capitalisation of US$1 trillion, the executives of both comp…
Washington, June 2 (IANS) A federal jury in Los Angeles has found prominent stock analyst Andrew Left, founder of Citron Research, guilty of orchestrating a years-long scheme that prosecutors said manipulated stock prices and generated at least $21 million in illicit profits by trading against the very recommendations he promoted to investors.Left, 55, formerly of Beverly Hills and now a resident of Boca Raton, Florida, was convicted of one count of securities fraud scheme and 12 counts of secur…
New Delhi, June 2 (IANS) As the artificial intelligence boom reshapes the global technology industry, compensation and profit-sharing are increasingly emerging as key issues, with Nvidia CEO Jensen Huang arguing that workers should be paid as much as possible.Speaking on the sidelines of Computex in Taipei on Tuesday, Huang said employees should benefit from the rapid growth generated by AI-driven investments.“I think people should be paid as much as possible,” Huang said while responding to…
Washington, June 2 (IANS) A senior US senator has questioned whether Nvidia’s advanced artificial intelligence chips are continuing to reach China despite American export restrictions, citing a series of criminal cases that allegedly involved the diversion of hundreds of millions of dollars worth of the company’s technology.Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, said recent Justice Department cases raise “urgent questions” about Nvidia’s compliance with US ex…
Seoul, June 2 (IANS) South Korean stocks traded lower late on Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street.Opening a tad higher, the benchmark Korea Composite Stock Price Index (KOSPI) was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 am (local time), reports Yonhap news agency.Overnight, U.S. stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment.U.S. c…