AI
Seoul stocks open lower on renewed AI concerns and rising oil prices
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Seoul stocks opened lower on Wednesday as a report on OpenAI's underperformance reignited artificial intelligence sector concerns alongside rising oil prices. The benchmark KOSPI fell 0.09 percent to 6,635.09 in the first 15 minutes of trading. Major Wall Street indexes also declined overnight.
President Lee Jae Myung pledged unwavering commitment to workplace safety in his Labor Day address at Cheong Wa Dae on May 1. He stressed that worker welfare and business growth are mutually dependent. Amid AI job threats, he prioritized people over productivity.
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Meta has ended its outsourcing contract with Kenyan firm Sama on April 30, 2026, leaving over 1,100 workers jobless. The move follows February reports and a March class-action lawsuit alleging privacy breaches from Sama workers reviewing sensitive footage from Meta's Ray-Ban smart glasses. Sama disputes the claims, while Kenya's data watchdog investigates.
Hutchison Port Holdings Trust has deployed Hong Kong's first AI-powered driverless trucks at Kwai Tsing Container Terminal to address a chronic manpower shortage. The fleet of six electric autonomous vehicles has handled more than 8,000 container movements since January. Officials noted that the trucks can share roads with traditional vehicles without requiring designated lanes.
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IT services company Infosys has appointed seven-time Grand Slam champion Carlos Alcaraz as its global brand ambassador. The firm will collaborate with Alcaraz and his coaching team using Infosys Topaz to develop AI-powered match analytics and a personalised performance application.