Tencent leads effort to unwind Meta’s $2B Manus acquisition

China's shift from numeric job targets to adaptive strategies highlights AI's transformative impact on employment and economic planning. The post China drops numeric urban job target for first time in 30 years as AI reshapes labor outlook appeared first on Crypto Briefing.

SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales. The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day. Continue reading...

The post Singapore’s Temasek Rules Out Crypto as $400B Fund Doubles Down on AI appeared on BitcoinEthereumNews.com. Key Insights Temasek crypto investments remain absent after the FTX write-down. AI exposure could rise from 6% to 15% of the portfolio by 2031. Blockchain infrastructure stays in focus, but direct tokens remain avoided. Temasek crypto investments remain off the table as Singapore’s state investor deepens its focus on artificial intelligence and blockchain infrastructure. The fund is valued at around $400 billion. It has not rebuilt direct digital asset exposure since writing down its FTX stake in 2022. Crypto news reveals that Nagi Hamiyeh, Temasek’s president of global investments, said regulatory uncertainty still clouds crypto’s role in mainstream finance. The comments also come as CoinGecko data showed that Bitcoin trades near $62,824, while Ethereum is at $1,750. That keeps institutional liquidity in crypto news under close watch. Temasek Crypto Investments Stay off

Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolution Chancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves’s final Mansion House speech to City bosses before Andy Burnham’s expected takeover of No 10. The government-backed initiative will commit employers to improving workers’ skills and helping them “keep pace” with significant technological changes that have prompted fears of mass redundancies. Continue reading...

When it comes to predicting Fed decisions, the AI does not (yet) have an edge

The post BTC, ETH price news: What next as bitcoin zips to nearly $64,000 appeared on BitcoinEthereumNews.com. “Once liquidations begin to drive price action, the market can move faster than real demand would justify,” said Shawn Young, chief analyst at MEXC Research, who is watching how bitcoin trades inside the $60,000 to $63,000 band now that the first recovery is in. MSCI’s Asia Pacific equities gauge climbed 1.4% as investors moved back into semiconductor shares on renewed optimism over AI demand, cutting the week’s loss to under 1%. South Korea’s Kospi, a bellwether for AI investment, jumped 4%. SK Hynix was among the winners after pricing $26.5 billion of American depositary shares, one of the largest share sales of the year. Gains were further extended as yen strengthened 0.6% and long-dated Japanese government bond yields fell after Finance Minister Satsuki Katayama said the government wants pension funds to increase their holdings of domestic assets. Bloomberg’s dollar gauge

US groups have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent

Regulators want to use the technology in their bid to cut red tape