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Anthropic is seeking a valuation of up to $1.4 trillion for its blockbuster initial public offering (IPO) expected later this month. In a new filing with the Securities and Exchange Commission (SEC), Anthropic said it is planning to sell 825 million shares between $70 and $78 a share. If the company lists shares at the...

Anthropic is seeking a valuation of up to $1.4 trillion for its blockbuster initial public offering (IPO) expected later this month. In a new filing with the Securities and Exchange Commission (SEC), Anthropic said it is planning to sell 825 million shares between $70 and $78 a share. If the company lists shares at the...

The Chinese and French winners of the 2026 Shaw Prize in Life Science and Medicine have highlighted the spirit of “borderless connections” and friendship behind their research – which turned a rare form of leukaemia from deadly to widely curable. At an awards ceremony at the Hong Kong Convention and Exhibition Centre on Tuesday attended by Chief Executive John Lee Ka-chiu, the life scientists celebrated their breakthrough as an “East meets West” success story and called for collaboration to...

The national average for the cost of gas dropped to less than $4 per gallon on Tuesday for the first time since July, as prices soared in the months following the start of the Iran war. According to AAA, the average price of gas hit $3.98 per gallon, the first time in 114 days that...

House Minority Leader Hakeem Jeffries (D-N.Y.) backed an effort Monday to pass new restrictions on China's access to advanced AI chips through an annual defense bill amid a scandal over Nvidia CEO Jensen Huang's relationship with an alleged Chinese spy. Jeffries, who could become Speaker in the next Congress, said he "strongly supports" chip restrictions...

House Minority Leader Hakeem Jeffries (D-N.Y.) backed an effort Monday to pass new restrictions on China's access to advanced AI chips through an annual defense bill amid a scandal over Nvidia CEO Jensen Huang's relationship with an alleged Chinese spy. Jeffries, who could become Speaker in the next Congress, said he "strongly supports" chip restrictions...

China hawks in Washington could weaponise allegations that Nvidia CEO Jensen Huang was targeted by Chinese intelligence, despite denials from Beijing, Chinese experts warn. They said controversy would give US hardliners fresh ammunition to push for tougher curbs on AI chip exports to China. One of them compared the potential fallout to the 2023 “spy balloon” incident, when the US shot down in its airspace what Beijing said was an off-course weather balloon, putting relations on ice for...

A fire at a massive building near Vernon sparked road closures as hundreds of firefighters swarmed the area to extinguish the blaze for a second day Tuesday.

A political storm sparked by US media reports alleging American intelligence agencies suspect Nvidia CEO Jensen Huang was targeted in an espionage operation – a claim Beijing has denied – threatens to intensify Washington’s tech blockade on China following a Democratic midterm victory. Analysts said the twin developments could give the US Congress the political momentum needed to plug loopholes in existing semiconductor restrictions, accelerating efforts to curb third-country chip smuggling and...

Defense Secretary Pete Hegseth dug in for a fight Tuesday against his potential impeachment in Congress, telling reporters that he's being targeted over “policy disagreements.”

Seoul's international theater community prepares for battle once again, as the 10-Minute Play Festival (10MPF) takes to the stage to find this year's top playwright. This will mark the 13th year of the contest, brought to the stage at Dulwich College in southern Seoul by Seoul Players, a not-for-profit, volunteer-run English-language theater group founded in 2001. For this year's contest, they received 410 submissions sent in March and April from 354 playwrights based all over the world. The number of submissions has exploded in recent years, peaking at more than 500 for last year's festival in just two weeks, before submissions had to be closed early. "Last year, one of the board [members] felt that many of the hundreds of plays we got were AI-generated," said Lorne Oliver, a producer for Seoul Players. He didn't disagree with the assessment, but he explained why it didn't affect their final decisions: "I just thought most of them were not up to snuff." He added, "We did not bother to run them through an AI check; we just went with the assessment results, since cream floats." This year, th

On paper, Korea's economy looks strong. Fueled by a semiconductor export boom, the country's annual exports are projected to top $1 trillion for the first time this year, making Korea only the fourth country to reach the milestone, after the United States, China and Germany. Forecasts from eight major investment banks put Korea's real gross domestic product growth at an average of 3.5 percent this year, with some expecting growth as high as 4 percent. Per capita gross national income is also expected to surpass $40,000 for the first time, potentially placing Korea sixth in the world by that measure. By those numbers, President Lee Jae Myung's approval ratings should be soaring. The economy, after all, is widely regarded as one of the biggest drivers of presidential popularity. Yet that is far from the case. A Realmeter survey of 2,528 adults nationwide, conducted from Nov. 2 to Friday for the Asia Business Daily, put Lee's approval rating at just 35.9 percent. His ratings have hovered between the high 30s and low 40s since October, a sharp decline from 67 percent seven months earlier. More