Hyundai Mobis

South Korea deputy PM: AI wealth must benefit the public

South Korea's Deputy Prime Minister Bae Kyung-hoon urged that wealth created by artificial intelligence should be distributed to benefit the wider public, warning AI could worsen inequality and lead to job losses. He linked those societal risks to recent labor tensions at Samsung Electronics, where a planned 18-day strike was suspended after government intervention and a tentative deal was reached with a union vote scheduled through May 27. Bae said Seoul is focused on building an "AI-inclusive society" and seeks to expand into "physical AI"—AI embedded in machines and robotics—while noting the market rally led by chipmakers such as Samsung and SK Hynix. The article also references a May 12 proposal by presidential aide Kim Yeong Beom to distribute excess AI/semiconductor tax revenue to citizens, which officials later characterized as the aide's personal opinion.

Qualcomm Stock Soars on AI Devices Boom

Qualcomm shares surged after investors reacted to the chipmaker’s expanding role in on-device and data-center AI. The stock jumped 12% on Friday and is up about 75% over the past month, trading at a record. Market momentum follows recent commercial developments: a new deal with automaker Stellantis to use Qualcomm’s Snapdragon processors across vehicle compute domains, an announced partnership with OpenAI to develop an AI chip for forthcoming devices, and Qualcomm’s planned AI200 and AI250 data‑center accelerators due later this year. Qualcomm reported automotive revenue rose 38% year‑over‑year to $1.3 billion, and the company says more than 1 million cars use its autonomous systems. Analysts and management pointed to shipments to a “large hyperscaler” and upcoming investor events (Computex keynote, investor day) as potential further catalysts for the business and share price.

Google unveils Googlebooks, Gemini features, vibe-coded widgets

Google previewed a set of Gemini-powered Android updates ahead of its I/O developer conference, repositioning Gemini from a chatbot into an operating-layer intelligence across phones, browsers, cars and laptops. Announcements include AI-powered app automation that can understand screen context and perform multi-step tasks (for example building shopping carts and booking reservations), a smarter Chrome on Android, new creator tools, a redesigned Android Auto experience, and expanded security controls. Rollout begins this summer on the latest Samsung Galaxy and Google Pixel phones, with broader expansion to watches, cars, glasses and laptops later in the year. Sameer Samat, who oversees Android, said Gemini will ask for user confirmation before completing transactions: “the human is always in the loop.” The push comes as Apple prepares its own Apple Intelligence reveal at WWDC and follows broader industry deals positioning Gemini as a foundational model across products.