A globally competitive homegrown Indian AI model is set to be released by next year, according to venture capital firm Lightspeed.

Yotta Data Services Pvt has the ability to deploy about $20 billion in graphics processing units as it races to meet surging global demand for artificial intelligence computing.

South Korea expects to deploy more than 1 trillion won ($707 million) of fresh capital into a new sovereign wealth fund targeting AI and other strategic industries next year, joining a global push by governments to mobilize investment and gain an edge in high-tech sectors.

Japan’s spending plans will provide a long-term boost for the yen, Japanese Growth Strategy Minister Minoru Kiuchi said, pushing back against market concerns over the nation’s finances.

Iran believes it holds the upper hand in its conflict with the US after the Trump administration repeatedly held off following through on its most severe threats, said Mona Yacoubian, Middle East program director at the Center for Strategic and International Studies.

Mitsubishi Electric Corp. seeks to reach a deal by September with rivals Toshiba Corp. and Rohm Co. to combine their power semiconductor operations.

Bain Capital has sold its entire stake in flash memory chipmaker Kioxia Holdings Corp., closing a chapter on a deal that’s transformed the Japanese tech and investment landscape.

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Musinsa Co., the KKR & Co.-backed South Korean fashion retailer, is rolling out an aggressive physical store expansion in China and Japan as it seeks to challenge Uniqlo and build momentum ahead of a closely watched initial public offering.

South Korean stocks are expected to bounce back after a drop that triggered a circuit breaker, said Timothy Moe, Goldman Sachs chief Asia-Pacific regional equity strategist.

Morgan Stanley’s Japan chief said he is hoping that the yen strengthens to around 140 against the dollar, and that Bank of Japan action is key for that to happen.

Japan’s Finance Minister Satsuki Katayama warned that officials are in close contact around the clock with their US counterparts as Tokyo remains on high alert over speculative moves that are keeping the yen weak.

Japan’s Finance Minister Satsuki Katayama warned that officials are in close contact around the clock with their US counterparts as Tokyo remains on high alert over speculative moves that are keeping the yen weak.

Japan’s Mitsui OSK Lines Ltd., one of the world’s largest shipping companies, said it would need to scrutinize details of a US-Iran ceasefire agreement and its implementation before allowing its vessels to test the Strait of Hormuz.

Japan’s Mitsui OSK Lines Ltd., one of the world’s largest shipping companies, said it would need to scrutinize details of a US-Iran ceasefire agreement and its implementation before allowing its vessels to test the Strait of Hormuz.

The global oil market is “in for a shock” as the Middle East conflict will likely extend for a prolonged period with Iran leveraging control of the Strait of Hormuz, said Randa Fahmy, a former US associate deputy energy secretary.

South Korea will use extra tax revenue to fund a supplementary budget to cushion households and businesses from surging oil prices triggered by the Iran war, the nation’s finance minister said.

Samsung Electronics Co. expects memory chip supply shortages to raise prices across the electronics industry, including potentially among its own consumer products.

Tokyo Gas Co., Japan’s biggest distributor of the fuel, plans to invest in US downstream assets to lift earnings and reinforce the last leg of its energy supply chain.

Mizuho Financial Group Inc.’s chief executive officer expressed optimism that momentum in investment banking will continue both at home and in the US, where Japan’s third-biggest lender has been expanding.