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Korea’s policy chief warns chip windfall could inflate housing
A semiconductor boom is a fine problem for a country to have, until you start asking where the money goes. That is roughly the question South Korea’s top economic policymaker put to the public this week. Kim Yong-beom, who heads policy planning in the presidential office, warned that the
Canada buys Australian Arctic radar in A$2.5bn defence-export first
Australia has been refining the same unusual piece of radar for decades, a system that bounces signals off the ionosphere to see thousands of kilometres past the curve of the Earth, and for all that time it kept the technology to itself. On Sunday it sold it abroad for the
Seedcamp raises $320M and builds out a transatlantic bridge
Seedcamp has spent nearly two decades writing the first cheque into companies before anyone else was sure they were worth one. Revolut, Wise, UiPath, Synthesia, and Fluidstack all took early money from the London firm, and on Monday it said it had raised $320mn to keep doing the same thing
China’s green-power target for AI data centres runs into the grid
The cleanest way to power a data centre is also the least predictable. The sun sets, the wind drops, and a server hall full of AI accelerators does not care: it wants the same steady draw at three in the morning that it wanted at noon. That mismatch is the