China's State Council Office Moves to Cushion AI's Job Impact; South Korea's Memory Chip Giants Report Earnings This Week
BigGo Finance
China's State Council General Office has issued guidelines urging a cautious approach to AI implementation in labor-intensive industries and promoting unemployment buffer systems to mitigate job displacement. Meanwhile, South Korea's Samsung Electronics and SK Hynix are set to report strong third-quarter earnings driven by AI memory demand, though Goldman Sachs has lowered its Kospi index target due to concerns over the AI trade, while Nomura argues the market has overreacted. Chinese AI chip companies Cambricon and Demingli reported significant profit increases, and DeepSeek is reportedly raising substantial funds led by Tencent and CATL.
All articles from 29 October 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.