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South Korea's Ministry of Economy and Finance announced the creation of a 'Future Fund' to drive long-term growth, funded by record tax revenue from the AI boom. The fund will target technology investment, national competitiveness, and demographic challenges, with details to be unveiled in upcoming budget sessions.
Model distillation, a technique for creating smaller, more efficient versions of large AI models, has become a new hotspot in the US-China AI rivalry. It offers significant cost and resource savings, and its strategic importance is heightened by US export controls on advanced chips. Mastering it could help China counter sanctions, while the US aims to maintain its advantage.
South Korea's SK Hynix has become the second company in the country to hit a $1 trillion market cap, joining the club amid a surge in AI chip demand. The stock has soared 240% since early 2026, and the company posted record quarterly profits.
China’s cheap electricity and massive renewable buildout give it a strategic edge in the AI race, enabling faster data-center construction than the US. While America dominates advanced chip access, power constraints are slowing its data-center expansion. The AI race is now as much about energy as it is about chips.
