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  • SK Group Chairman Chey Tae-won to Announce AI Leadership on Nasdaq Stage
    SK Group Chairman Chey Tae-won to Announce AI Leadership on Nasdaq Stage SK Group Chairman Chey Tae-won will take the stage at the Nasdaq in New York to declare SK Hynix's leadership in artificial intelligence (AI) to the world.According to industry sources, SK Hynix will hold a ceremony to celebrate its listing of American Depositary Receipts (ADR) on the Nasdaq at 9:15 a.m. local time (10:15 p.m. Korean time) on July 10.Chairman Chey is expected to attend the Nasdaq bell-ringing ceremony alongside key executives, including SK Hynix CEO Kwak Noh-jung.Following the ceremony, he will participate in a live-streamed discussion with global semiconductor experts to discuss future semiconductor strategies, marking the start of a comprehensive "top sales" initiative.Chey will appear on the online program "The Six Five," hosted by Daniel Newman, CEO of the technology analysis firm Futurum Group. Newman is a leading expert known for his in-depth analysis of AI strategies from major Silicon Valley companies like Nvidia, AMD, and Microsoft.During the live discussion, which will be broadcast worldwide, Chey plans to outline the company's competitive edge centered around high-bandwidth memory (HBM) and its long-term roadmap for next-generation AI data center solutions.Previously, Chey expressed in his writings that "SK Hynix must grow ten times larger than it is now," indicating his ambition to break the current undervaluation in the market.This event reflects Chey's strong commitment to repositioning SK Hynix from a general memory manufacturer to a key player in global AI infrastructure.In fact, the demand forecast for the Nasdaq listing attracted over seven times the amount of the offering, marking the second-largest foreign IPO in U.S. history (the largest for a foreign company).The final offering price was set at $149 per share, approximately 2.9% higher than the closing price of common shares on the Korean stock market. Through this, SK Hynix has secured a substantial capital of about 40 trillion won (approximately $26.57 billion). 2026-07-10 08:24:00
  • Bitcoin Recovers to $63,000 Amid Improved Investor Sentiment
    Bitcoin Recovers to $63,000 Amid Improved Investor Sentiment Bitcoin has rebounded. Despite ongoing geopolitical tensions in the Middle East, the limited impact of additional negative factors has led to a slight recovery in investor sentiment towards risk assets.According to CoinMarketCap, as of 8 a.m. on July 10, Bitcoin was trading at $63,168, up 1.56% from the previous day.The price of Ethereum rose 0.53% to $1,746. Binance Coin (BNB) and Solana also saw increases of 0.57% and 0.98%, trading at $569 and $78, respectively. Ripple (XRP) was up 0.52% at $1.09.Market analysts suggest that while tensions in the Middle East persist, concerns about further escalation have eased, contributing to a recovery in investor sentiment towards risk assets. Additionally, the steady inflow of institutional funds into U.S. Bitcoin spot exchange-traded funds (ETFs) has been cited as a supporting factor for prices.However, the market anticipates continued high volatility in the near term. External variables, including the situation in the Middle East and the direction of U.S. Federal Reserve monetary policy, remain significant factors.As of 8 a.m. on July 10, Bitcoin was trading at approximately 94,375,000 won ($63,208) on the domestic exchange Bithumb, reflecting a 0.18% increase from the previous day. The 'Kimchi Premium' stood at -0.902%, indicating that the price of Bitcoin in South Korea is lower than that in international markets.* This article has been translated by AI. 2026-07-10 08:20:00
  • Safety Takes Precedence Over Regulation in AI Content Environment Desired by Consumers
    Safety Takes Precedence Over Regulation in AI Content Environment Desired by Consumers Consumers who actively seek out AI-generated content report higher satisfaction and future consumption intentions compared to those who passively receive it through algorithmic recommendations. Additionally, consumers are calling on the government to establish a transparent labeling system rather than imposing strict commercial restrictions on AI content.The Korea Culture and Tourism Institute, led by Director Hwang Kyo-ik, published a report titled "AI-Generated Content: Perceptions Varying by Consumption Experience" based on a survey of 2,000 adults across the country.◆ Active Consumers Show Higher Satisfaction and Intent to Continue Using AI ContentThe survey found that 78.0% of respondents had experience consuming AI-generated content. The institute categorized these individuals into 'active consumers' (47.4%) who search for content themselves and 'passive consumers' (30.7%) who encounter it through platform exposure or algorithmic recommendations.Overall satisfaction with AI-generated content averaged 4.29 out of 6. Among different genres, text-based content received the highest satisfaction score of 4.54, while video content scored lower at 4.14.Notably, active consumers reported a satisfaction level 0.20 points higher than passive consumers and expressed a significantly stronger intention to continue using AI-generated content. This indicates that relying solely on platform-driven recommendations may not effectively encourage voluntary content exploration and consumption.◆ Demand for Transparency Over Commercial Restrictions in AI Content SafetyWhen asked about their main concerns regarding AI content usage, over half of the respondents (51.6%) cited the generation and misuse of false or manipulated information. Active consumers were more concerned about copyright issues, while passive consumers expressed greater worry about privacy and portrait rights.Despite the varying concerns, there was unanimous agreement on the need for government intervention to create safety nets. More than 90% of respondents called for government action to block false information and protect copyrights.When asked about the most urgent policy, 66% of respondents indicated that mandatory labeling of AI-generated content should be prioritized. This was followed by support for technology to detect false or manipulated information (62.6%). In contrast, demands for restrictions on commercial use (31.8%) and the establishment of a compensation system for original creators (27.1%) ranked lower. The emphasis is on increasing transparency to clearly identify AI-generated outputs rather than imposing regulations that could stifle the market.Director Hwang Kyo-ik stated, "As AI-generated content rapidly permeates daily life, user behaviors and perceptions are diversifying. I hope this analysis will serve as a foundation for developing policies that can capture the changing market dynamics and support the continued growth of the content industry." 2026-07-10 08:12:00
  • SK hynxi ADR priced at $149 per share for Fri Nasdaq debut-report
    SK hynxi ADR priced at $149 per share for Fri Nasdaq debut-report SEOUL, July 10 (AJP) - SK hynix's American depositary receipts (ADRs) will be priced at $149 each when they debut on the Nasdaq on Friday, about 3 percent above Thursday's closing price of the chipmaker's common shares in Seoul, Bloomberg reported, citing people familiar with the matter. One ADR represents one-tenth of a common share, according to SK hynix's filing with the U.S. Securities and Exchange Commission. Following the reported pricing, SK hynix shares rose 6.4 percent in after-hours trading to 2,326,000 won. At $149 per ADR, the offering would raise about $26.5 billion, making it the largest-ever initial U.S. share sale by a foreign company, surpassing Alibaba Group's record $25 billion listing, according to Bloomberg-compiled data. Demand was robust, with the offering of 177.9 million ADRs, representing 17.79 million common shares, more than seven times oversubscribed, Bloomberg reported earlier. The ADRs are scheduled to begin when-issued trading on Friday on the Nasdaq Global Select Market under the ticker SKHYV before switching to SKHY when regular-way trading begins on July 13. SK Group Chairman Chey Tae-won is expected to ring the Nasdaq opening bell on Friday, a traditional ceremony marking major market debuts. 2026-07-10 08:09:38
  • Opposition Grows Against Military Academy Merger Despite Heavy Rain
    Opposition Grows Against Military Academy Merger Despite Heavy Rain The heavy rains did not deter voices opposing the government's plan to merge military academies. On July 8, approximately 2,000 protesters gathered in front of the National Assembly in Yeouido, Seoul, to oppose the government's proposal to merge the Army, Navy, and Air Force academies and relocate the Army Academy outside of Seoul.The rally, held on the steps of the National Assembly, was co-hosted by lawmakers Han Gi-ho and Lim Jong-deuk, alumni associations from the Army, Navy, and Air Force academies, parents of cadets, retired military personnel, and civic groups.Despite the pouring rain, attendance exceeded organizers' expectations. After the hour-long rally, representatives delivered a resolution to the Speaker of the National Assembly and then proceeded to the Ministry of National Defense to submit the resolution to Minister An Gyu-baek.Participants criticized the government's plans for the merger and relocation as "hasty and lacking sufficient review," calling for an immediate withdrawal of the proposals.This marks the first time the alumni associations of the Army, Navy, and Air Force academies have taken collective action on this issue. The government is considering a "2+2" model, where cadets from all branches would undergo common training in their first two years, followed by specialized training in their respective branches during their third and fourth years. The Ministry of National Defense is expected to announce a final plan as early as this month.The Ministry views the restructuring of the military academies not merely as a school merger but as a reconfiguration of the system for training future combat personnel. Minister An emphasized at a recent meeting of key military commanders that advanced technologies such as AI, drones, and quantum technology are changing the nature of warfare, stating the need to cultivate officers capable of designing drone battlefields and conceptualizing AI-based operational systems. He noted that the current educational methods may not adequately prepare the military for the future beyond 2040.Minister An also pointed to the decline in entrance exam scores for military academies as a signal of the need for reform, arguing that the current academies fail to instill confidence in talented individuals regarding their potential and vision. The Ministry maintains that while the expertise of each branch must be preserved, cadets should learn and train together from the academy stage to foster jointness. To achieve this, the Ministry is reviewing plans to enhance the educational goals, curriculum, faculty, facilities, and infrastructure of the academies, as well as to improve educational standards through partnerships with civilian universities.However, opponents argue that the assumption that merging the academies will directly lead to enhanced jointness is flawed. They contend that joint operations begin not with the blending of education across branches but with each branch developing its own expertise suited to its operational environment and missions before integrating.Alumni representatives from each military academy emphasized these concerns during the rally. They argued that Army officers need to develop field command capabilities to lead troops in ground operations, Navy officers must understand naval operations in the unique maritime environment, and Air Force officers should be trained in the speed and technical characteristics of aerospace operations from the outset.They believe that military academy education is not merely a classroom experience but a time to internalize each branch's culture and mission awareness. Just as Navy officers must grow by experiencing the sea and Air Force officers must learn the mindset of aerospace operations early on, they argue that each branch's identity cannot be formed solely through later-stage education.Debate continues over international examples. While countries like Canada and Australia operate integrated or common education-focused officer training systems, opponents argue that the scale of forces and security environments differ from South Korea, making direct comparisons difficult. Given South Korea's military standoff with North Korea, they assert that the ability to perform each branch's missions immediately upon commissioning is more critical.Some opponents cite Venezuela as a notable failure where the integration of military academies under former President Hugo Chávez was linked more to political control over the military than to military efficiency. Some retired military personnel point out that even North Korea, with its centralized military structure, operates separate training institutions for Air Force officers.Lawmaker Han Gi-ho stated, "National policy must have both justification and practical benefits," adding that the merger of military academies lacks both.A representative from the alumni association of the military academies described the proposal as a "hasty policy," arguing it would not aid in enhancing jointness or attracting top talent and would not yield significant financial benefits.He asserted, "National security cannot be a subject of experimentation" and should not become a scapegoat for political controversy.The resolution adopted at the rally emphasized that any restructuring of the officer training system should be based on thorough research and consensus among the public, military experts, retired personnel, educators, and parents of cadets, rather than political considerations.The resolution stated, "National security must never be a subject of policy experimentation," and that the officer training system responsible for the future of South Korea should not be swayed by political interests.Lee Yang-gu, the chair of the rally organizing committee, criticized the government's proposal for misunderstanding the essence of military joint operations.In an interview, he stated, "Simply educating cadets together does not create jointness; jointness is only possible after each branch has developed its own expertise."He explained that in the current military education system, jointness training occurs after each branch has built its own specialization. He noted, "Each branch trains officers while preserving its unique traditions and expertise, and then jointness is reinforced at institutions like the Joint Military University or the Joint Staff College," adding that there are separate Army, Navy, and Air Force academies, and jointness is enhanced at the Joint Staff College after reaching a certain rank.He further pointed out that actual joint operations are primarily handled by officers at the rank of major or higher in joint or combined commands, emphasizing that focusing on jointness training at the military academy level does not align with reality.A representative of parents of cadets expressed concern, stating, "Our children are confused and hurt by reports that their chosen military academy may be merged and that the Army Academy will be relocated." He added that the Ministry of National Defense has not adequately explained the plans to cadets or gathered their opinions.He also argued that relocating the Army Academy outside of Seoul could further diminish its appeal, which is already struggling to attract top talent. Daejeon's military education and training facility, Jowondae, is being considered as one of the candidates for the common training program.Lee emphasized, "If the government is worried about declining application rates, it should improve the treatment of professional soldiers, especially junior officers, as that is the way to attract top talent." 2026-07-10 08:04:00
  • KOSDAQ Turns 30 Amid Declining Investor Interest and Market Challenges
    KOSDAQ Turns 30 Amid Declining Investor Interest and Market Challenges The KOSDAQ, launched in 1996 with aspirations of becoming "Korea's NASDAQ," marked its 30th anniversary, but the celebratory atmosphere was notably absent.Once a thriving platform for venture and biotech companies, the market is now experiencing a rapid decline in trading and liquidity as investments shift towards large-cap semiconductor stocks amid a surge in artificial intelligence (AI) investments. Retail investors, who once heavily favored KOSDAQ, are increasingly moving their funds to Samsung Electronics and SK Hynix, further weakening the market's support from individual investors. While discussions on market reforms continue, concerns are growing that without restoring investor confidence, the KOSDAQ may struggle to escape a prolonged downturn.The KOSDAQ's struggles have become more pronounced this year. While the KOSPI has surged over 80% due to the AI semiconductor rally, the KOSDAQ has fallen more than 10% since the beginning of the year, making it one of the worst-performing markets among major global exchanges. On its 30th anniversary on July 1, the KOSDAQ index remained at 929, failing to reach its initial launch index of 1,000 points in 1996, and it dropped to 785 on July 9. The market's overall health is rapidly deteriorating, with declines in trading volume, investor funds, and individual trading activity.One significant factor affecting market sentiment was the launch of a single stock leverage ETF for Samsung Electronics and SK Hynix on May 27. This high-risk product, which aims to double the daily returns of specific stocks, has faced criticism as a "gambling ETF" due to its volatility. However, amid the AI investment boom, retail investors have shifted their funds away from KOSDAQ growth stocks in biotech and healthcare towards semiconductor leverage ETFs and large-cap AI semiconductor stocks.Since the ETF's launch, the KOSDAQ has set new record lows seven times. During the same period, the KOSPI rose by 2.3%, while the KOSDAQ fell by 8.8%.The trend is also reflected in ETF performance. According to KOSCOM's ETF investment information platform, "ETF CHECK," the KODEX KOSDAQ 150 ETF, which tracks the KOSDAQ 150 index, has dropped 13.9% in the past month. In contrast, a long-short strategy that bets on KOSPI strength and KOSDAQ weakness has yielded high returns, with the KODEX 200 Long KOSDAQ 150 Short Futures recording a 9.04% return, while the opposite strategy, KODEX KOSDAQ 150 Long KOSPI 200 Short Futures, has seen a 12.63% loss.This shift is also evident in the flow of funds. As of July 7, investor deposits had decreased to 112.2 trillion won, down from 139.7 trillion won a month earlier, marking the lowest level in nearly three months. During the same period, retail investors sold a net 1.41 trillion won worth of KOSDAQ stocks.Trading activity has also contracted sharply. According to data from the Korea Exchange (KRX), KOSDAQ trading volume was approximately 306 trillion won in the ten trading days leading up to the ETF launch from May 13 to 26. However, from May 27 to June 11, immediately after the launch, it dropped to 209 trillion won, and in the most recent ten trading days (June 24 to July 7), it fell to 145 trillion won. In just over a month, trading volume has shrunk to half its previous level.Retail investors have been leaving the KOSDAQ even more rapidly. In the ten trading days following the ETF launch, individual trading volume on the KOSPI increased by 4.1%, while KOSDAQ individual trading volume plummeted by 37.9%. In the most recent ten trading days, KOSDAQ individual trading volume has decreased by 60.6% compared to before the launch, while the KOSPI's decline was limited to 28.2%. Retail investors, often referred to as "ants," currently account for about 79% of KOSDAQ trading, down from 84-87% during the retail investment boom of 2020-2021. As individual funds exit, KOSDAQ's liquidity is inevitably shrinking.In the past, retail investors flocked to the KOSDAQ in search of growth stocks in biotech and healthcare. However, the current AI investment boom and the strong performance of Samsung Electronics and SK Hynix have drawn demand towards high-risk, high-reward single stock leverage ETFs.The KOSDAQ's structural limitations are becoming increasingly evident. Major companies like Naver, Kakao, and Celltrion have transitioned to the KOSPI after achieving growth, and Alteogen, currently the top company by market capitalization, is also seeking to move to the KOSPI. As quality companies continue to leave, the number of so-called "zombie companies" has increased, and repeated capital increases have undermined investor trust.In response to the 30th anniversary, the Korea Exchange held "KOSDAQ CONNECT 2026" and is pursuing reforms, including strengthening listing maintenance requirements, improving technology-based listings, and implementing a three-tier market structure divided into premium, standard, and managed markets. Jeong Eun-bo, chairman of the Korea Exchange, stated, "We will make KOSDAQ a trusted market through a 'many births, many deaths' structure."However, many in the market argue that institutional improvements alone are insufficient. Without nurturing new representative companies to lead in the AI era and restoring investor confidence, the KOSDAQ risks remaining a "transit point for companies heading to the KOSPI" rather than a market for future enterprises.Investment expert Kim Jeong-hoon noted, "As delisting requirements are tightened, it is crucial to create a structure where growth-validated companies can conduct proper IPOs rather than increasing technology-based listings. Recently, there have been numerous cases where companies that failed to attract institutional demand during the pre-IPO process traded below their offering price shortly after listing, further eroding trust in the IPO market."He also pointed out the lack of communication from companies with investors, stating, "Many KOSDAQ-listed companies lack dedicated investor relations personnel. A system for actively communicating with shareholders needs to be improved." He added, "Amid the AI investment boom, market attention is focused on Samsung Electronics and SK Hynix, making it difficult to feel the effects of policy changes."While it is too early to determine whether the shift of retail funds is a structural change, analysts warn that if the trend of capital concentration in AI semiconductor-related products continues and new investment inflows do not recover, a meaningful rebound for the KOSDAQ will be challenging.As the KOSDAQ celebrates its 30th anniversary, it continues to experience growing pains. The challenge now is to create reasons for investors who have left for AI semiconductors to return, and to foster the growth of companies and market trust that will serve as the starting point for that return. 2026-07-10 08:04:00
  • Korean Retail Investors Shift Strategies Amid Market Volatility
    Korean Retail Investors Shift Strategies Amid Market Volatility ◆Aju Economy Major News▷"Retail Investors Show Unusual Behavior"... Are Buying Low and Selling High Patterns Changing?- According to the Korea Exchange, individual investors purchased a net 7.465 trillion won on July 2, when the KOSPI index plummeted by 655.32 points. They continued to buy 3.5931 trillion won and 3.5222 trillion won on July 6 and 7, respectively, providing support against further declines.- As the index dropped sharply, individual investors broke from their usual patterns and sold off 6.914 trillion won. In contrast, foreign investors bought a net 8.109 trillion won, absorbing the sell-off.- The selling pressure from individuals also affected domestic semiconductor stocks. Samsung Electronics closed at 278,000 won, up 0.18% (500 won) from the previous trading day, but trading volume was only 29.7 million shares, far below the approximately 38.9 million shares on July 2 and 33.52 million shares on July 8.- Kim Doo-eon, a researcher at Hana Securities, noted, "Unlike in the past, the recent drop in the index has been rapid, while the recovery has been weak and trading volume is low. This is due to a combination of concerns about high valuations, worries about leading stocks, and fears regarding the memory cycle outlook, all of which are weighing on investor sentiment."- Choi Hyun-jae, head of the research center at Yuanta Securities, analyzed that the recent decline in stock prices is largely due to foreign investors realizing profits and rebalancing after a rapid rise in the KOSPI.- Looking ahead, as the concentration in semiconductors eases, there is a higher possibility of a rotation into undervalued sectors relative to earnings. Choi suggested sectors with solid earnings such as shipbuilding, defense, and heavy industry, along with securities, department stores, consumer goods, and, in the short term, bank stocks due to interest rate hikes as potential candidates.◆Major Reports▷Strategic Significance of SK Hynix Listing - SK Hynix's American Depositary Shares (ADS) began trading on Nasdaq on July 10. The issuance of new shares aims to create a distribution volume exclusively for U.S. investors, establishing a separate price during U.S. trading hours.- The bookbuilding process secured orders exceeding the public offering volume, confirming participation from large global institutions. This increases the likelihood that SKHY will trade at a higher level than the equivalent price of its Korean shares in the early days of listing.- Domestic investors expect a natural path. If a high price is established in the U.S., it is anticipated that the Korean shares will follow suit, reducing the discount multiple compared to Micron.- The key observation point is not just the initial day’s price increase. It will be crucial to see whether the high price established in the U.S. translates to the Korean shares or remains in the U.S. market, as this will determine domestic investors' profits and losses.◆Major Disclosures After Market Close (July 9)▷Jusung Corporation announces 15 billion won capital increase... allocated to BNP Jusung▷HS Hysolid announces "additional acquisition of 34.5 billion won in shares of Belgian subsidiary"▷Bitsrocell reports second-quarter operating profit of 19.6 billion won... up 21.3% from the same period last year▷Hanjin reports second-quarter revenue up 14.4% to 847.8 billion won... operating profit down 22.4%◆Fund Trends (as of July 8, excluding ETFs)▷Domestic equity funds: +870.5 billion won▷Overseas equity funds: +274.5 billion won◆Today's Key Schedule▷Meeting: Eurozone Finance Ministers' Meeting 2026-07-10 07:40:00
  • SK Hynix Raises $26.5 Billion in U.S. IPO, Setting Record for Foreign Companies
    SK Hynix Raises $26.5 Billion in U.S. IPO, Setting Record for Foreign Companies SK Hynix is set to raise approximately 40 trillion won (about $26.5 billion) through its initial public offering (IPO) on the U.S. Nasdaq. The company’s strength in high-bandwidth memory (HBM) for artificial intelligence (AI) semiconductors has led to a record-breaking IPO for a foreign company in the U.S.On July 10, SK Hynix announced that it has finalized the offering price for its American Depositary Receipts (ADRs) at $149 per share. ADRs allow foreign companies to trade their shares on U.S. stock exchanges. The total number of shares being issued is 177.9 million, resulting in a total fundraising amount of $26.57 billion, equivalent to about 40 trillion won.The offering price is slightly higher than the domestic stock price. Ten ADRs correspond to one share of SK Hynix common stock. On the previous day, SK Hynix's common stock closed at 2,186,000 won. Based on an exchange rate of 1,509.9 won to the dollar, the ADR offering price is approximately 2.9% higher than the domestic closing price.This IPO surpasses the previous record held by Alibaba, which raised $25 billion, making it the largest IPO for a foreign company in the U.S. It is also the second-largest IPO in U.S. history, following SpaceX's $85.7 billion.Investor demand has been robust. Reuters reported that orders exceeded seven times the available shares. The expansion of the AI server market and increasing demand for HBM have contributed to heightened investor interest in SK Hynix.SK Hynix's ADRs will begin trading under the temporary ticker symbol 'SKHYV' on the first day. From July 13, they will trade under the official ticker symbol 'SKHY.' The entire offering process is expected to conclude on July 14.The lead underwriters for the offering are Bank of America, Citigroup, Goldman Sachs, and JP Morgan.* This article has been translated by AI. 2026-07-10 07:36:00
  • France Defeats Morocco 2-0 to Reach World Cup Semifinals
    France Defeats Morocco 2-0 to Reach World Cup Semifinals France secured a spot in the semifinals of the 2026 North America World Cup by defeating Morocco 2-0.According to Yonhap News on July 10, France triumphed in the quarterfinal match held at Boston Stadium in Foxborough, Massachusetts, thanks to second-half goals from Kylian Mbappé and Ousmane Dembélé.In the first half, France had a golden opportunity to take the lead when Mbappé earned a penalty kick after being fouled by Noussair Mazraoui in the 25th minute.Mbappé stepped up to take the penalty, but after a video review delayed the kick, his right-footed shot was saved by Morocco's goalkeeper Yassine Bounou.Both teams engaged in a back-and-forth battle, but in the 60th minute, Mbappé scored a 'redemption goal' to give France the lead.Receiving a pass from Marcus Thuram, Mbappé skillfully fired a right-footed shot from the left side of the penalty area, beating Moroccan defender Ilias Chair.Just six minutes later, Dembélé added a second goal with a right-footed shot from outside the penalty arc, solidifying France's advantage.France, a two-time World Cup champion (1998, 2018) and runner-up in the previous 2022 Qatar tournament, demonstrated its strength by reaching the semifinals for the third consecutive tournament.France will face the winner of the Spain-Belgium match on July 11 in a bid for a spot in the final, scheduled for July 15 at Dallas Stadium in the United States.* This article has been translated by AI. 2026-07-10 07:32:00
  • New York Fed President: AI Demand May Require Policy Response to Inflation
    New York Fed President: AI Demand May Require Policy Response to Inflation John Williams, President of the Federal Reserve Bank of New York, stated that if demand related to artificial intelligence (AI) stimulates prices, the Federal Reserve may need to respond with monetary policy. According to Bloomberg, Williams made these remarks during an event at the New York Fed on July 9. He noted, "If AI continues to provide persistent demand-side stimulus relative to supply, it will be a situation we cannot overlook." He added, "If inflation persists longer and rises to a significant level beyond our baseline outlook, monetary policy will need to respond." This comment reflects concerns that the AI investment boom could increase demand for data centers, electricity, semiconductors, and labor, thereby exerting upward pressure on prices. However, Williams did not immediately signal an interest rate hike. He remarked, "If the situation unfolds more moderately, the current monetary policy remains appropriately positioned." Williams also described the task force led by Fed Chair Kevin Warsh, which is reviewing communication, balance sheet, and inflation models, as a "unique and timely opportunity to assess the Fed's core functions." These comments indicate that the expansion of AI investment is emerging as both a growth driver and a variable in assessing inflation and interest rates. It suggests that the Fed is closely monitoring whether AI demand could disrupt the trend of declining inflation.* This article has been translated by AI. 2026-07-10 07:32:00