Plus: Nvidia partners with South Korean tech giants to boost AI infrastructure in Asia. And Chinese AI start up StepFun prepares Hong Kong IPO. Imani Moise hosts.
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[00:00:00] [SPEAKER_00] Is agentic AI an agent of change or an agent of chaos? What happens to sports when AI levels the playing field? And why does customer service still suck? Find out at Workflow, ServiceNow's new hub for AI insights that rise above the slop. Dig in at servicenow.com slash workflow.
[00:00:17] [SPEAKER_01] Here's your morning TNB Tech Minute for Monday, June 8th. I'm Imani Moise for The Wall Street Journal. We exclusively report that Senator Adam Schiff is introducing a bill to restrict how the Pentagon uses artificial intelligence. Schiff's proposed bill would ensure a human is involved when the Pentagon uses AI and weapons and protects against the use of the technology for domestic surveillance.
[00:00:40] [SPEAKER_01] It's the latest in a flood of AI proposals from Democratic lawmakers aimed at increasing oversight of powerful models and a preview of what tech companies can expect if Democrats win back control of Congress. While the Trump administration is unlikely to support many of the Democratic AI proposals, the White House has taken some steps to increase oversight of AI models, including an executive order signed last week.
[00:01:04] [SPEAKER_01] NVIDIA is deepening its relationship with major South Korean tech companies to build large-scale AI infrastructure in Asia. Mobile carrier SK Telecom today said that it's advancing plans with NVIDIA to develop their first gigawatt-scale AI cloud services in South Korea, with aim to expand to other parts of Asia. SK hynix separately struck a multi-year tech agreement with NVIDIA today to advance next-generation memory chips and accelerate semiconductor design and manufacturing.
[00:01:32] [SPEAKER_01] Additionally, the internet and cloud computing company Naver confirmed it will work with NVIDIA to construct AI factories. NVIDIA CEO Jensen Huang also held a series of meetings today with executives from major Korean conglomerates, including Doosan, LG, and Hyundai. And Chinese AI startup Stepfund is set to file for a Hong Kong IPO as soon as today. That's according to people familiar with the matter. Sources say key investors have proposed valuing the startup at as much as $12 billion.
[00:02:00] [SPEAKER_01] If successful, the prospective IPO could be one of Hong Kong's biggest in recent years. The rush to go public underscores a broader push by Chinese AI companies to tap buoyant investor appetite while market conditions remain favorable. Shares in Stepfund competitors GPIO AI and Minimax have surged since their market debuts in January. And that's your TNB Tech Minute. We'll be back this afternoon with more.
[00:02:25] [SPEAKER_00] Is agentic AI a change agent or an agent of chaos? What happens to sports when AI levels the playing field? And why does customer service still suck? Find out at Workflow, ServiceNow's new hub for AI insights that rise above the slop. Discover research and perspectives that help you walk into every room a step ahead. Crafted for leaders like you. Dig in at ServiceNow.com slash workflow.