SK Telecom and NVIDIA on June 8 announced plans to build a gigawatt-scale AI cloud in South Korea using NVIDIA’s DSX platform. The first AI factory is scheduled to enter service in 2027, with plans to expand more broadly across Asia. The AI cloud will use NVIDIA’s DSX full-stack reference architecture and support training, inference and agent workloads across sovereign AI, physical AI and enterprise AI use cases. SK Telecom will join NVIDIA’s cloud partner program. NVIDIA and SK Group will condu

An ECB Governing Council member and Cyprus central bank governor said on Sunday Europe should drop long-standing political resistance to joint debt issuance and create a large-scale common “safe asset” to strengthen EU sovereignty and stability. He argued the rare synchronicity of economic, geopolitical and institutional conditions strengthens the case for pooled bonds. A common instrument, he said, could lower borrowing costs, reduce market fragmentation and finance large-scale green, digital and AI investments, defence, public-health preparedness and energy-security projects. He acknowledged Germany and the Netherlands’ historical opposition over contingent taxpayer liability, and said the ECB is increasingly pushing the policy shift.

South Korea's foreign-exchange authorities warned they will not tolerate herd behavior in markets and will undertake strong countermeasures.