Data analytics provider Hex Technologies, which says it has rebuilt its platform for AI agents, raised a $100M Series D led by Peak XV at a $1.2B valuation (Tim Keary/Forbes)

More in Artificial Intelligence

• South Korea’s president vows to make bold AI investment in record budget push

  As global technological competition intensifies, Seoul is leveraging surging semiconductor export earnings to accelerate long-term industrial and economic transformation. The administration seeks parliamentary backing for an unprecedented fiscal expansion aimed at securing leadership in next-generation computing infrastructure. Beyond technological dominance, policymakers are using surplus tax revenues to rectify growing regional and corporate wealth imbalances.

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• South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly twice the 2026 amount (Reuters)

  The national government is significantly accelerating public spending to enhance domestic technological capabilities across several key hardware and infrastructure sectors. This initiative directs substantial capital toward advanced computing facilities alongside specialized microchip fabrication and autonomous systems. Policymakers aim to secure long-term industrial strength by dramatically expanding public investment over consecutive fiscal cycles.

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• HSBC to open Hong Kong AI Institute following Singapore launch

  The banking giant is expanding its advanced technology footprint across key regional financial hubs. By establishing this dedicated center, the organization aims to build upon its existing network and strengthen operational innovation. This strategic rollout reflects an ongoing commitment to scaling artificial intelligence capabilities across major Asian markets.

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