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News
Cantor Says Nvidia's AI Demand Story Intact Despite 2.1% Slide — BigGo Finance
4+ day, 17+ hour ago (399+ words) Nvidia (NASDAQ:NVDA) investors got a clear signal from Wall Street on Tuesday: a 2.1% drop driven by oil-price jitters and Middle East tensions does not change the fundamental case for owning the chipmaker. Cantor Fitzgerald analyst C.J. Muse reiterated a Buy…...
Yoo Jae-hoon Takes Office as Head of South Korea's Insurance Development Institute, Vows to Lead AI Risk Assessment and Overseas Expansion Support — BigGo Finance
6+ day, 5+ hour ago (580+ words) Yoo Jae-hoon, former Director General of the Consumer Finance Bureau at South Korea's Financial Services Commission, officially took office on the 8th as the 14th president of the Korea Insurance Development Institute (KIDI). He began work immediately without a separate inauguration ceremony,…...
Claims Adjusters Say AI Is Creating More Work and Costly Errors Across the Insurance Industry — BigGo Finance
1+ week, 5+ day ago (589+ words) New research from the job review platform Glassdoor found that 98% of claims-adjuster reviews mentioning AI were negative, the highest rate of criticism among all occupations analyzed. The complaints center on a recurring theme: company leaders are forcing unreliable technology onto…...
Hanwha Aerospace Builds Full Military UGV Lineup, Targets Fully Autonomous Missions by 2035 — BigGo Finance
2+ week, 5+ day ago (249+ words) Hanwha Aerospace has unveiled a roadmap to build a full lineup of military unmanned ground vehicles (UGVs) ranging from compact models to 30-ton unmanned combat vehicles, with the goal of achieving fully autonomous mission execution without human intervention by 2035. The…...
SoftBank Plans $20 Billion Bond Sale to Refinance OpenAI Investment — BigGo Finance
2+ week, 5+ day ago (286+ words) SoftBank Group is preparing a large-scale bond issuance to refinance its massive investment in OpenAI, underscoring the intensifying financing needs of tech giants in the artificial intelligence space — even as credit risk concerns mount alongside. The people said negotiations are…...
Japan's Ministry of Defense Signs Demonstration Contract with Sakana AI for Domestic AI in Intelligence Analysis — Accelerating AI Adoption in Security Sector — BigGo Finance
3+ week, 1+ hour ago (646+ words) Japan's Ministry of Defense has signed a demonstration contract with Japanese AI startup Sakana AI, effective July 29, to enhance the Self-Defense Forces' intelligence analysis and command-and-control capabilities. Under the agreement, AI agents will autonomously collect and cross-check vast amounts of…...
Yuval Noah Harari: AI Is Now in the Intimacy Business, and We Have Until 2028 to Set the Rules — BigGo Finance
3+ week, 2+ day ago (575+ words) The most valuable asset in the world isn't oil, money, electricity, or even the advanced chips that power the AI boom. It's trust. And right now, according to historian Yuval Noah Harari, that trust is quietly migrating from humans to…...
LG CNS to Deploy Quadruped Security Robot at Tower Palace, Operations Begin in Q4 — BigGo Finance
3+ week, 4+ day ago (316+ words) South Korea's LG CNS (064400.KS) is introducing a quadruped security robot at Tower Palace, one of Seoul's Gangnam district's most iconic premium mixed-use residential complexes. The robot will autonomously patrol common areas and underground parking garages, detecting anomalies and alerting…...
AI Hits Job Market: Goldman Sachs Says Call Center Positions Plunge Nearly 40% Below Trend — BigGo Finance
3+ week, 5+ day ago (435+ words) Digging deeper into industries with high AI exposure, Goldman found that other developed markets are showing similar employment pressures, albeit with relatively milder overall impact. Employment in call centers, software publishing, management consulting, and advertising has deviated substantially from historical…...
The Paradox of AI Increasing Overtime: Work Hours Drop 16.7%, Yet "Workload Has Grown" — BigGo Finance
3+ week, 5+ day ago (431+ words) According to the "Survey on Generative AI and Working Styles" conducted by Persol Research and Consulting, AI adoption reduced task-specific work time by an average of 16.7%. However, only 25.4% of respondents reported that they were actually able to shorten their overall…...