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S. Korean firm’s debut plunge adds to investor concerns about AI spending

The words “AI Artificial Intelligence” and a keyboard in this illustration taken Monday. Reuters-Yonhap A 32 percent drop in shares of South Korea’s Elice Group on Tuesday renewed investor concerns about the sustainability and the payoff cycle for the vast amount of capital pouring into the AI buildout amid growing scrutiny of company valuations. The…

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China says US’ DeepSeek ban disregards Xi-Trump consensus

A DeepSeek AI sign is seen at a building where the Chinese start-up’s office is located in Beijing, China, Feb. 19, 2025. Reuters-Yonhap BEIJING — China’s commerce ministry on Tuesday criticised a U.S. government order banning Chinese AI model DeepSeek from federal agency IT systems, saying it harmed Chinese firms’ interests and disregarded understandings reached…

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