SK Group has partnered with Amazon Web Services (AWS) to build a data center in Ulsan, South Korea for a new AWS AI Zone. The 15-year deal aims to support AI adoption in South Korea and expand SK Group's capabilities. The AI Zone will offer industry-leading capabilities from both companies, including dedicated infrastructure and servers, UltraCluster networks, and AI application services. The project is expected to create up to 78,000 jobs by 2027 and is part of AWS's $5.88 billion investment in Korea by 2027.
https://www.manilatimes.net/2025/06/22/tmt-newswire/pr-newswire/sk-group-and-aws-team-up-to-build-cloud-computing-infrastructure-to-support-ai-innovation/2137474SoftBank is in talks with the US government and tech giants like Taiwan Semiconductor Manufacturing (TSM) and Samsung Electronics to secure tax incentives and regulatory support for its Project Crystal Land, a proposed complex that could involve some of its Vision Fund portfolio companies. The project's success depends on government backing, industry partnerships, and financing, similar to SoftBank's $500 billion Stargate AI initiative with partners like Oracle and OpenAI.
https://markets.businessinsider.com/news/stocks/inside-softbank-s-1-trillion-ai-gamble-what-it-means-for-sftby-investors-1034840497As companies adopt AI agents, they must reevaluate their organizational design due to a shrinking workforce. Tobaccowala suggests that full-time employees will be replaced by fractionalized staff, AI agents, or part of a marketplace. Human resources is expected to evolve into a strategic, board-level function. AI agents are likely to eliminate certain roles but create new titles like an AI ethicist. A challenge arises as recent graduates compete with AI agents for entry-level jobs, highlighting the need for HR to facilitate hybrid teams and source human talent effectively.
https://www.adweek.com/podcasts/The US government is planning to revoke waivers allowing South Korean companies Samsung Electronics, SK hynix, and Taiwan's TSMC to import US-made semiconductor equipment into their Chinese factories, according to The Wall Street Journal. Commerce Secretary Gina Kessler made the announcement, which could impact the production of AI-related components at Sogang University's new digital innovation campus set to open in early July.
https://koreajoongangdaily.joins.com/news/2025-06-22/business/industry/Washington-tightens-chip-export-rules-threatening-Korean-operations-in-China/2335716TipRanks has compared CoreWeave (CRWV), Palantir Technologies (PLTR), and Nvidia (NVDA) using its Stock Comparison Tool to determine the best AI stock according to Wall Street analysts. The analysis suggests that among these three companies, Nvidia stands out as a top performer in the AI sector, with many analysts rating it as a buy.
https://markets.businessinsider.com/news/stocks/crwv-vs-pltr-vs-nvda-which-is-the-best-ai-stock-to-buy-now-according-to-analysts-1034840242Adobe has launched Project Indigo, a next-generation camera app for iPhone that utilizes AI and computational photography capabilities. The new app is designed to provide users with enhanced image quality and editing features.
https://www.livemint.com/technology/tech-news/adobe-launches-project-indigo-a-next-gen-camera-app-for-iphone-with-ai-and-computational-photography-11750413284452.htmlApple is reportedly considering acquiring Perplexity AI, a startup valued at $14 billion, for a deal close to its current valuation. The acquisition would be the largest in Apple's history. Perplexity provides artificial intelligence search tools that deliver information summaries to users, similar to OpenAI's ChatGPT and Google's Gemini. Apple plans to integrate these capabilities into its Safari browser, potentially moving away from its partnership with Alphabet's Google.
https://channelnewsasia.com/business/apple-executives-held-internal-talks-about-buying-perplexity-bloomberg-news-reports-5195061Apple has been sued by shareholders who claim the company downplayed the time needed to integrate advanced artificial intelligence into its Siri voice assistant, resulting in potential losses of hundreds of billions of dollars. The lawsuit, filed in San Francisco federal court, names CEO Tim Cook, CFO Kevan Parekh, and former CFO Luca Maestri as defendants. Shareholders alleged that Apple misled them about the availability of AI-based features for iPhone 16 devices, which were launched with improved products but without fully functional AI-powered Siri capabilities.
https://nypost.com/2025/06/20/business/apple-sued-by-shareholders-for-allegedly-overstating-ai-progress/CarMax's growth was driven by consumers buying vehicles ahead of new US tariffs, but the company attributes its overall success to internal efforts such as inventory management and pricing. The deployment of artificial intelligence has improved operations, with AI-powered virtual assistant Skye seeing a 30% increase in containment rate during the quarter. CarMax's digital capabilities accounted for 80% of retail unit sales, with omnichannel sales at 66% and online sales at 14%, down from previous quarters.
https://www.pymnts.com/earnings/2025/carmax-increases-loan-loss-provisions-amid-uncertain-economic-outlook/