AI NewsWaveOct. 23 AI Briefing: OpenAI cuts target valuation, Jensen Huang on memory outlook
Key points
- OpenAI's lower target valuation highlights AI investment concerns
- Nvidia CEO expects memory demand to continue
- AI agent use and on-site adoption spread in Korea
OpenAI has reportedly lowered its target valuation in a new funding round from $1.4 trillion to $1.25 trillion. Chosun Biz and Newsis cited an FT report, while Digital Today cited CNBC and said a raise of up to $30 billion is in its final stage. Digital Daily calculated the cut at $150 billion, or about 11%.
EBN reported that the U.S. 10-year Treasury yield fell below 5% for the first time in about a month as a tech stock selloff spread over concerns about the profitability of AI investment and geopolitical tension in the Middle East rose. Kukmin Ilbo also wrote that doubts about the profitability of AI investment combined with Middle East tensions are sending funds toward U.S. Treasuries.
Nvidia CEO Jensen Huang forecast that a memory oversupply through 2029 is unlikely. Chosun Biz said this reflects his view that AI infrastructure investment will sustain demand for HBM and LPDDR, and Digital Today described it as a rebuttal made as memory stocks recently plunged.
Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon said the Frontier AI project is not one pursued on the president's instruction. iNews24 reported that whether to set up a special purpose company (SPC) has not been finalized either. The project's size is given differently: iNews24 wrote 16 trillion won, while Digital Today wrote 4.7 trillion won.
OpenAI held a developer event in Seoul on the 22nd and said Korea ranks third in the world by weekly active users of the AI agent dots. AI Times and Digital Today reported that Korea ranks among the top five in the world for ChatGPT Pro users.
AhnLab held AhnLab Tech Summit 2026 in Yangjae-dong, Seoul, on the 22nd and shared an AI-centered security strategy. Chosun Biz reported that it presented a strategy of developing AI as a core pillar of its entire product and service portfolio.
Dassault Systèmes and Vertiv are partnering to speed up the design and construction of AI factories. Chosun Biz explained that the effort will simulate and validate Nvidia AI factories in a virtual environment before they are built.
Hyundai AutoEver showcased a public safety solution combining patrol robots, AI video analytics and integrated control at the 2026 Korea Public Safety Industry Expo, which opened on the 21st. Techworld News reported that it uses MobED, the mobile robot platform of Hyundai Motor and Kia's Robotics LAB.