South Korea to combine 5 utilities by October 2027 to meet rising AI, chip power demand
Seoul plans to integrate five public power companies by October 2027, aiming to accelerate investments that will address the increasing energy demands from the country's growing artificial intelligence and chipmaking sectors. The government also seeks to streamline public corporations in the oil, gas, and port sectors.
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Asian stocks struggle as Hang Seng Index dives amid AI and geopolitical concerns
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Government websites in multiple countries are offline due to a critical vulnerability in the PHP programming language, with the U.S. National Security Agency issuing a warning.
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Coinbase status page shows send/receive delays on the TON network.
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Meta Q3 revenue beats expectations, but profit hit by $18B legal settlement and $25B New Mexico ruling; shares jump 7%
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AI Model Discovers Critical PHP Vulnerability, Taking Government and Corporate Websites Offline Globally
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Meta expects Reality Labs' operating losses to decrease to approximately $15 billion next year, and to trend towards profitability thereafter.
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Meta expects AI computing cost efficiency to improve tenfold or more next year.
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