South Korea to Boost AI Spending for Economic Growth In a bid to stimulate economic growth and foster innovation, South Korea is set to significantly increase its spending on artificial intelligence (AI). With the country’s economy facing pressure, the government in Seoul has put forth a bold proposal to allocate a substantial budget of 728 […]
South Korea unveils five-year AI blueprint for ‘super-innovation economy’
South Korea’s Ambitious Plan: Investing $71 Billion in AI to Foster ‘Super-Innovation Economy’ South Korea, known for its technological advancements and innovative strategies, is set to embark on a transformative journey towards establishing a ‘super-innovation economy’ powered by artificial intelligence (AI). The East Asian nation has recently unveiled an ambitious five-year blueprint that outlines a […]
Japan’s AI adoption lags behind global trends
Japan’s AI Adoption Lags Behind Global Trends Japan, known for its technological advancements and innovation, seems to be falling behind when it comes to the adoption of Artificial Intelligence (AI). Despite the growing awareness of generative AI and its potential benefits, Japan remains hesitant to fully embrace this technology. Recent studies indicate that only a […]
LVMH and Stella McCartney Brand Part Ways
LVMH and Stella McCartney Brand Part Ways In a recent strategic move, Stella McCartney is set to buy back the minority stake in her eponymous label previously held by luxury conglomerate LVMH. Despite the separation, McCartney will maintain her advisory role within the group, focusing on sustainability initiatives. This decision marks a significant shift in […]
India’s Antitrust Watchdog Finds Zomato and Swiggy Violated Competition Laws
The Competition Commission of India (CCI) has uncovered significant violations of competition laws by leading food delivery platforms, Zomato and Swiggy. This investigation, which commenced in 2022 following complaints from the National Restaurant Association of India, reveals unethical practices that raise serious concerns regarding market fairness and consumer choice. The CCI’s findings indicate that Zomato […]