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my countrys foreign trade grew by 17.6% in the first eight months.On September 8th, according to Yonhap News Agency, Samsung SDS held its corporate AX conference, "Real Summit 2026," at the COEX Convention Center in Seoul, officially announcing its "Multi-Dimensional AI Full-Stack" strategy. The company became the first in Korea to join OpenAIs "Daybreak" security cooperation program and signed a strategic cooperation agreement with Anthropic to jointly expand its AX business. Furthermore, Samsung SDS announced its entry into the Robotics Transformation (RX) field, planning to launch a "Robot Orchestration Platform" in 2027 and forming the "Team REX" ecosystem alliance with 10 global physics AI companies, including Rainbow Robotics and Walden Robotics.On September 8th, Japanese Finance Minister Satsuki Katayama stated that Japans exchange rate stance remains unchanged despite the yens significant strengthening to its highest level since February, and the government will continue its commitment to maintaining an orderly foreign exchange market. Close communication with US Treasury Secretary Bessenter will continue. Katayama stated at a briefing on Tuesday, "As I said at a press conference in Japan on August 3rd, and as Secretary Bessenter also stated in Washington, our policy has remained completely unchanged since the joint intervention by Japan and the US." The recent strengthening of the yen is partly driven by rising market expectations of a Bank of Japan interest rate hike. This rally has pushed the yen well above the 155 level, and the government has not undertaken any significant new intervention. In early trading on Tuesday, the yen traded around 153 against the dollar, significantly stronger than the level of around 160 a week earlier. Data released earlier on Tuesday provided support for a Bank of Japan interest rate hike: the annualized quarter-on-quarter GDP growth rate for the second quarter was revised upward to 1.4%, and July wage growth was the fastest in nearly 30 years.According to Yonhap News Agency, the International Atomic Energy Agency (IAEA) stated that South Korea has notified it of its intention to hold consultations on safeguard arrangements for nuclear-powered submarines.According to Yonhap News Agency, Samsung SDS will expand its partnerships with OpenAI and Anthropic to drive the transformation of artificial intelligence.

Musk Asserts, "Tesla Is Always on My Attention" in Response to Twitter Distraction Concerns

Charlie Brooks

May 20, 2022 09:30

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Elon Musk, CEO of Tesla (NASDAQ:TSLA), stated on Thursday, "Tesla is always on my mind" in an effort to assuage investor concerns that he may be distracted by a Twitter (NYSE:TWTR) transaction that has weighed on the company's stock price.


Tweeting a picture of a woman (Tesla) concerned by her boyfriend's (Elon's) interest in another woman, he stated, "This may appear to be the case, but it is not."


"To be clear, I am devoting approximately 5 percent of my time to the Twitter acquisition. It requires no rocket science! "He sent a tweet.


"Yesterday, Giga Texas existed; today, Starbase does. Tesla is constantly on my mind."


Musk's rocket business SpaceX has a launch site near Boca Chica, Texas, known as Starbase. This year, Tesla established a new factory in Texas.


Tesla shares have lost one-third of their value since the billionaire disclosed his Twitter position in early April and sold $8.5 billion worth of Tesla shares to help finance his $44-billion Twitter transaction.


China's lockdown restrictions, which hampered Tesla's manufacturing, and Tesla's exclusion from a widely regarded S&P sustainability index weighed further on the stock market.


Tesla bull Wedbush analyst Daniel Ives reduced Tesla's share price estimate on Thursday owing to the China production setback and warned of "distraction risks" from Musk's Twitter agreement.


Major Tesla investor Leo KoGuan demanded on Thursday that the electric car manufacturer repurchase shares.


"Tesla must announce immediately and buy back $5 billion of Tesla shares from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing $18 billion cash reserves with ZERO debt," KoGuan said in a Twitter message to Martin Viecha, Tesla's head of investor relations.


Viecha was unavailable for quick comment.


KoGuan, the third largest individual stakeholder in Tesla, stated last year that he was investing billions in the company because he believed in Musk's "great objective, which I share." In March, he stated that he was purchasing further Tesla shares and not selling during the stock's decline.

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