Why Chinese AI stars like Z.ai, MiniMax struggle to match Anthropic’s profit margin

South China Morning Post - Nov 3, 2026

US artificial intelligence giant Anthropic’s initial public offering prospectus has exposed a vast profitability gap between it and rivals Z.ai and MiniMax, highlighting the challenges facing China’s AI model developers in turning technological advances into sustainable businesses. The Claude developer’s filing with the US Securities and Exchange Commission (SEC) last week revealed a significant financial advantage over its most direct Chinese counterparts, despite the latter’s continued...

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Seeing is believing: LG’s envisioned AI Home comes to life at Harvey Norman’s flagship Singapore store

Nov 2, 2026

Seeing is believing: LG’s envisioned AI Home comes to life at Harvey Norman’s flagship Singapore store

You don’t have to imagine what an AI Home looks and feels like, because LG has it all set up for you at one of its most important Harvey Norman stores.

China touts AI milestone: models generate more tokens than used in training

Nov 2, 2026

China touts AI milestone: models generate more tokens than used in training

For the first time, the amount of inference data generated by artificial intelligence systems in China has surpassed the amount of data used to train those systems, according to a new government-backed report, illustrating how the country is increasingly adopting AI at scale. The report released on Saturday by the China Centre for Information Industry Development (CCID), which operates under China’s Ministry of Industry and Information Technology (MIIT), cited recent official data showing that...

Meta extends teen self-harm alerts from Instagram to Facebook and Messenger, giving parents more oversight

Nov 2, 2026

Meta extends teen self-harm alerts from Instagram to Facebook and Messenger, giving parents more oversight

The new safety measures alerts parents when their teenager’s searches or conversations with Meta AI suggest they might need help.

WhatsApp adds four features to make group chats easier to manage

Nov 2, 2026

WhatsApp adds four features to make group chats easier to manage

Find out how out how these new features make group chats easier to manage and help user keep up to date on conversations.

SK Hynix expects memory chip shortages to persist until 2030

Nov 2, 2026

SK Hynix expects memory chip shortages to persist until 2030

The next couple of years could be rough for users looking to upgrade their phones, laptops, and tablets.

Hanwha bags 1st US Navy shipbuilding order

Nov 1, 2026

Hanwha bags 1st US Navy shipbuilding order

Hanwha Group has won its first contract to build a warship for the United States Navy after its acquisition of Philadelphia-based Philly Shipyard in December 2024, marking a tangible step forward in the Korea-U.S. shipbuilding cooperation initiative known as Make American Shipbuilding Great Again (MASGA). Hanwha Group said Sunday that Hanwha Defense USA has signed a $269 million (357.5 billion won) contract with TOTE Services to build a landing ship medium (LSM). TOTE Services is a vessel construction manager entrusted by the U.S. Navy with overseeing shipbuilding contracts and managing vessel construction. The construction of the LSM is expected to begin in the fourth quarter of next year, and the contract also includes options for three additional vessels. The LSM is an expeditionary landing vessel designed to support the U.S. Navy's operations in contested coastal areas, including the Indo-Pacific region. It is tasked with transporting and deploying Marine Corps personnel, equipment and supplies to coastal areas. The U.S. Navy aims to secure 35 LSMs. The vessel measures 100 meters in

POSCO union to vote on tentative wage deal this week

Nov 1, 2026

POSCO union to vote on tentative wage deal this week

Unionized workers at South Korean steelmaker POSCO will vote this week on a tentative wage agreement reached with management, the union said Sunday. The two sides have held 30 rounds of negotiations since June, while the union staged two partial strikes in September to demand higher wages and bonuses. Last week, the union said it would launch an "indefinite" strike from Nov. 2 unless the company presented an acceptable wage offer. On Friday, the union reached a tentative agreement on the company's latest offer, which includes a 2.6 percent increase in base pay, a one-off payment of 6 million won ($4,500) and improved benefits. Union members are scheduled to vote on the deal on Saturday. The union had initially demanded a 7.1 percent increase in base pay, a performance bonus equivalent to 600 percent of base pay, 50 company shares per worker and a holiday bonus equivalent to 200 percent of base pay. In addition to higher wages, the union cited staffing shortages and aging facilities as factors that could heighten the risk of workplace accidents. Management's previous offer included a 2.5 pe

From 'Lake of Death' to Clavius, Korea searches moon for 2032 landing sites

Nov 1, 2026

From 'Lake of Death' to Clavius, Korea searches moon for 2032 landing sites

Korea is shopping for real estate on the moon, and its newly established space agency has its eye on some of the lunar surface’s most forbidding neighborhoods. At a recent academic symposium, the Korea AeroSpace Administration (KASA) revealed a shortlist of prospective landing sites for two robotic missions scheduled for 2032. The agency is weighing 20 candidate zones for its flagship lunar lander and nine for a precursor soft-landing demonstration craft, signaling a decisive shift toward boots-on-the-surface ambitions for a nation long playing catch-up in deep-space exploration. Rather than sticking strictly to the lunar south pole — a crowded target for NASA’s Artemis program and rival missions seeking water ice — Korean scientists are eyeing a broader, strategically varied grid. The candidate list spans ancient impact basins, jagged basaltic plains, and deep pit craters that could house underground lava tubes. Among the standout targets for the early 2032 verification probe is Lacus Mortis, or the "Lake of Death," a pitted plain that scientists suspect holds collapsed lava tub

Hana sponsors autism awareness race for 7th straight year

Nov 1, 2026

Hana sponsors autism awareness race for 7th straight year

Hana Financial Group said Sunday it participated in the 2026 Autism Race the day before to promote public understanding of autism and foster a culture of respect and inclusion. The group has officially sponsored the annual running campaign, organized by the Autism Society of Korea, for seven consecutive years since 2020. About 100 participants, including Hana Financial Group Vice Chairman Lee Eun-hyung, employees and their families, voluntarily joined Saturday’s event, running alongside participants with autism. All registration fees paid by the group’s employees will be donated to the association to support people with autism. The campaign aims to encourage people to view differences not as barriers or grounds for discrimination, but as diversity that enriches society. “It is meaningful to join efforts to broaden understanding and respect for people with autism and build an inclusive society,” Lee said. “We will continue providing sincere attention and support so that people with autism and other members of society can grow together as respected members of our communities.” Han

Samsung chairman highlights chip packaging, visits Japanese unit

Nov 1, 2026

Samsung chairman highlights chip packaging, visits Japanese unit

Samsung Electronics Executive Chairman Lee Jae-yong visited the company’s semiconductor advanced packaging technology laboratory in Japan, Sunday, pledging to continue expanding its research workforce there and develop the lab into a global R&D hub for next-generation packaging technologies. According to Samsung Electronics, Lee visited Advanced Package Lab (APL) in Yokohama and discussed with researchers the latest developments in technologies for advanced packaging materials and processes, as well as ways to strengthen cooperation with Japan's materials, parts and equipment industries. Lee stressed the importance of securing advanced packaging technologies, as they are emerging as critical for artificial intelligence (AI) processor chips. APL was established in 2023 and held its official opening ceremony in September this year. Starting in 2024, Samsung Electronics has been investing 40 billion yen ($254 million) over five years to establish its research infrastructure in Japan and strengthen its competitiveness in advanced packaging technologies. APL specializes in developing and va

ISS backs Lee Jae-keun's appointment as KB Financial chairman

Nov 1, 2026

ISS backs Lee Jae-keun's appointment as KB Financial chairman

Institutional Shareholder Services (ISS) has recommended that shareholders vote in favor of appointing Lee Jae-keun as chairman of KB Financial Group. In its voting recommendations report obtained by The Korea Times, Sunday, the world's largest proxy advisory firm said "a vote for this resolution is warranted given the absence of any known issues concerning the nominee and the company's board dynamics." ISS also noted that KB Financial Group maintains good disclosure practices regarding committee meetings, voluntarily providing attendance records to help shareholders better assess directors' effectiveness and contributions. Most companies in Korea follow a disclosure template provided by the Korea Exchange that does not require companies to disclose committee meeting attendance records. As a result, it is common for companies to omit such information from regulatory filings, ISS added. The recommendation comes ahead of KB Financial Group's extraordinary shareholders' meeting on Nov. 20, when shareholders will vote on Lee's appointment as group chairman. If appointed, Lee will lead the gr

CJ Olive Young expands Olive Better wellness chain to 5 locations

Nov 1, 2026

CJ Olive Young expands Olive Better wellness chain to 5 locations

CJ Olive Young has expanded its Olive Better wellness retail platform to five locations, adding branches tailored to office workers and tourists as it seeks to make wellness products part of consumers’ everyday routines. The expansion comes nine months after the first store opened in Seoul’s Gwanghwamun area in January. The company added stores at Starfield Coex Mall in southern Seoul and in Seongsu in eastern Seoul both last month, adapting product selections and experiences to each neighborhood’s customers. The Coex store focuses on “office wellness,” targeting workers seeking convenient ways to maintain healthy habits during busy schedules. Healthy snacks and protein products occupy the front of the store, helping shoppers quickly find items suited to their needs. A Daily Routine Bar offers products for individual purchase, allowing customers to try wellness items during commutes or lunch breaks. The Seongsu store, which opened Friday, is the chain’s largest and emphasizes experiences for trend-conscious shoppers and foreign tourists. It includes Better Bar, a food and beve

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