πŸ’° Coupang’s Major Investment in AI Startups

Coupang’s collaboration with the South Korean government involves a significant investment of 75 billion won in AI startups, aiming to foster innovation in AI technology. This investment may enhance the capabilities of local tech businesses, influencing AI development strategies in South Korea and promoting economic growth.

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πŸ“œ California Bill on AI Companion Chatbots Nears Approval

California’s SB 243 aims to mandate safety protocols for AI companion chatbots, focusing on user privacy and ethical AI usage. The legislation could set a precedent for regulating AI technologies across the US, specifically targeting the development and deployment of conversational agents by tech companies.

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πŸ“ˆ Oracle Surges in AI Moneymaking with Record Gains

Oracle experienced its largest single-day stock gain in over 30 years, attributed to new AI-centric deals and investments. The surge is indicative of the potential profitability of AI technologies across sectors, particularly in enterprise software. The developments signal a broader trend of corporate AI adoption and investment.

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