The esports industry continues to expand, drawing large audiences across game titles and appealing to an increasingly diverse range of people. The Business Research Company expects the global market to grow at an average annual rate of about 20 percent, from $3.02 billion in 2025 to $7.71 billion in 2030. However, few esports team operators have managed to turn that popularity into profits, as player salaries continue to rise while revenues from competition, such as prize money and league revenue sharing, remain volatile. DRX has remained profitable since 2024, helped by a diversified portfolio across multiple esports titles and a stable revenue base built through its advertising agency subsidiary. During an interview with The Korea Times, CEO Yang “Can” Sun-il said he is seeking to transform DRX into a broader digital entertainment company, expanding beyond esports through intellectual property (IP) and its esports academy, particularly in Southeast Asia. “K-culture has certainly become much more sophisticated and valuable than it was 10 years ago,” Yang said. “If you go to co
Read full articleThe new Urban Cruiser is smaller, not just in size, but also in price.
Southwest confirmed the news shortly after travelers began to report delays on Friday morning.
The White House said Friday there was no conflict of interest when President Trump's accounts bought more than $1 million in SpaceX debt two days before he signed an executive order on space transportation policy. The president's financial disclosure for August, published Thursday, shows Trump's accounts purchased between $1 million and $5 million in senior...
The automated license plate reader (ALPR) firm Flock Safety has offered employees voluntary separation packages ahead of its "next phase of growth," as the firm faces mounting scrutiny from communities and policymakers across the country. "Flock recently offered current employees a generous Voluntary Separation Program as part of our efforts to position the company for...
The artificial intelligence boom is no longer just a story about software models, cloud platforms, or the companies racing to build the next large language model. It is increasingly a story about where chips are made, how far they travel, and whether the supply chains behind them can withstand the next geopolitical shock. A new […] The post AI boom pushes chipmakers to expand across Asia Pacific, FedEx report finds appeared first on e27.
SAN FRANCISCO — Three former OpenAI security researchers on Thursday accused the ChatGPT maker of firing them for warning about the dangers of artificial intelligence, reigniting the debate over safety at a company whose software has been involved in security breaches. “I believe we were fired for prioritizing safety over the near-term interests of OpenAI
LOS ANGELES (AP) — The FBI has seized scanning and phishing tools used by a group of hackers that officials say is associated with the Chinese government and is believed responsible for disruptive cyber operations in the United States and abroad, including against the power industry, academia and critical infrastructure. The seizure of the tools,...
Chinese state funds are ramping up support for the country’s second-largest contract chipmaker, pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new manufacturing facility to fuel Beijing’s drive for self-reliance in mature-node chips. The capital blitz, spanning Hua Hong’s Shanghai-based parent company and a fabrication plant in Wuxi, highlights how government-coordinated financing is doubling down on domestic foundries, as Washington tightens technology...
Sales of winter products surged at South Korean convenience stores as temperatures fell sharply this month, industry sources said Friday. According to retailers, sales of disposable hand warmers at GS25 convenience stores, operated by GS Retail Co., rose more than elevenfold in the first seven days of this month compared with the previous week. Sales of tights, worn to keep warm, increased by a similar margin. Demand for popular winter snacks and beverages, such as instant fish cakes, baked sweet potatoes and traditional tea, climbed 653 percent, 132 percent and 50.2 percent, respectively, over the period. CU convenience stores, operated by BGF Retail Co., reported a 400 percent increase in sales of disposable hand warmers over the same period. "As cold weather sets in, sales of winter snacks and cold-weather gear are rising sharply," an industry official said.
SK Group Chairman Chey Tae-won said Friday his business group will make efforts to build a new semiconductor cluster in the southwestern part of the country as quickly as possible to meet growing global demand. Chey made the remarks during a visit to Gwangju Air Base in the southwestern Jeonnam-Gwangju region, where SK hynix Inc. has proposed building a new chip cluster. "Once the conditions are met, we plan to build (the new cluster) as quickly as possible," Chey said. "Demand for chips is growing rapidly, and the current situation requires us to accelerate the pace of supply to keep up with demand," he added. The chairman said the group still needs to determine when construction will begin but stressed that it intends to break ground as soon as possible. Chey noted that demand for chips is expected to grow significantly, adding that the proposed cluster will be around two-thirds the size of the one currently under construction in Yongin, just south of Seoul. It marked Chey's first visit to the region since the conglomerate unveiled its building plan in June. Earlier in the year, SK hynix
Asia’s AI founders do not lack investor attention. What they lack is the expensive plumbing frontier AI demands: models, compute, technical help and patient capital. Granite Asia and Google AI Futures Fund want to bundle all of it into one programme. The Singapore-headquartered VC firm, which manages around US$11 billion in assets and co-managed capital, […] The post Ecosystem Roundup: Granite Asia, Google bundle cash and compute for Asia’s AI founders appeared first on e27.
The crypto market is reeling. Bitcoin trades around US$80,550 to US$81,000. Ethereum trades near US$2,410 to US$2,470. Both assets dropped sharply on October 9, 2026. An aggressive deleveraging wave and broader macro risk-off sentiment drove the decline. Bitcoin fell about 3.3 per cent to 4 per cent over the last 24 hours. It dropped from […] The post From US$86,500 to US$81,000: The anatomy of a crypto deleveraging wave appeared first on e27.