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Baidu has open-sourced its Unlimited OCR model for long document parsing. It quickly topped four trending charts on GitHub and HuggingFace. The model achieved a 93.92% score on the OmniDocBench benchmark, setting a new record for end-to-end OCR performance. With 3B total parameters but only about 570M activated during inference, it balances power and efficiency.
Read MoreAnalysts at Capital Economics warn the recent rally in US Treasuries, which pushed yields lower, is likely to lose steam, while German Bunds may extend gains. A robust labor market reduces urgency for Fed rate cuts, posing a key near-term risk to US bonds.
Read MoreSamsung Chairman Lee Jae-yong announced plans to establish Gwangju as a key semiconductor production base, alongside major investments in HBM, batteries, substrates, robotics, and biotech across five Korean regions. The move aims to bolster national tech competitiveness and drive large-scale industrial upgrades.
Read MoreCiti strategists have modestly raised their year-end target for the 10-year US Treasury yield to 3.9% from 3.75%, reflecting the Fed's recent hawkish shift. However, they maintain a medium-term bullish view on bonds, citing contained core inflation risks from Middle East tensions and a labor market more likely to weaken than strengthen.
Read MoreSouth Korea unveils a massive national investment strategy targeting semiconductors, physical AI, and AI data centers. The plan involves trillions of won over decades, aiming to double DRAM production and build a comprehensive ecosystem from chip manufacturing to AI infrastructure, seeking global leadership and public benefit.
Read MoreUSDT is trading at a premium exceeding 8.5% in India due to a severe supply shortage. Recent regulatory actions against crypto-related services have disrupted channels, impacting remittances and creating a significant supply-demand gap in the local market.
Read MoreSouth Korea's KOSPI index experienced a volatile session on June 29, plunging 3% intraday before staging a sharp recovery. Strong buying interest emerged in the afternoon, allowing the benchmark to pare most losses and close just 0.5% lower.
Read MoreShipping traffic through the Strait of Hormuz has dropped sharply following recent vessel attacks, renewing safety concerns. Despite a temporary U.S.-Iran arrangement, renewed tensions have undermined carrier confidence. Global traders are monitoring this chokepoint as a key indicator for regional stability and supply chain security.
Read MoreJPMorgan has significantly raised its year-end 2026 target for the UK's FTSE 100 index from 10,300 points to 11,000 points. This upward revision signals growing confidence in the outlook for British equities, driven by reassessments of corporate earnings and economic fundamentals.
Read MoreThe 8-inch wafer foundry market faces sustained supply shortages, with strong demand and 3-5 month order visibility. Tight conditions are expected to last until 2026. A new Singapore fab has produced its first 40nm test chips with over 99% yield, paving the way for 2027 mass production.
Read MoreSouth Korean President Lee Jae-myung has declared that the nation must secure AI core components faster than its rivals in the intense global chip and AI competition. The government will accelerate semiconductor base construction and invest 5 to 20 trillion won in the southwest region to build a robust domestic supply chain.
Read MoreSouth Korea has announced a major strategic investment plan targeting AI semiconductors, physical AI, and AI data center infrastructure. The move aims to solidify its leadership in key future technologies and reshape the global tech supply chain through substantial funding and policy support.
Read MoreKorean chip design service firm ASICLAND has secured a contract with SK Hynix to develop its next-generation eSSD controller. The deal, valued at approximately 31.9 billion KRW, involves ASIC design and tape-out support, with plans to utilize TSMC's advanced manufacturing process for production.
Read MoreJ.P. Morgan has significantly raised STMicroelectronics' price target from €48 to €71.5, reflecting strong optimism about the semiconductor sector's recovery and the company's strategic positioning in automotive and industrial markets.
Read MoreRBC Capital Markets has raised its 12-month target for the S&P 500 index from 7900 to 8150, reflecting increased confidence in corporate earnings resilience and the broader economic outlook.
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