South Korea Confirms Over $1 Trillion in AI Spending | Daybreak Europe 6/29/2026

Posted on 06/29/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

South Korea unveiled an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung and SK Hynix initiating large-scale investments in memory chips, data centers and robotics.

The US and Iran agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.

And Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as prime minister.

Today's guest: Fabricio Bloisi, CEO, Prosus and Naspers Group.



Chapters:

00:00:00 - Daybreak Europe

00:03:22 - Nikkei Slumps on AI Durability Worries

00:05:40 - US, Iran to Halt Attacks Ahead of Talks

00:10:16 - Traders Fully Price Fed Rate Hike This Year

00:13:39 - Anthropic Mythos 5 Cleared by US for Wider Use

00:16:00 - Lee: Massive Competition in Chips, AI Sectors

00:19:58 - Samsung, SK Hynix to Build 2 Chip Fabs Each in 800T Won Project

00:23:09 - Reeves Suggests Burnham Will Remove Her as UK Chancellor

00:26:21 - Andy Burnham Sets Out 10-Year-Mission to Raise Living Standards

00:29:43 - China's State Media Say EU Risks 'Freezing' of Ties Over Trade

00:34:42 - Greenland's Uneasy Investment Landscape

00:41:01 - Fabricio Bloisi, CEO, Prosus and Naspers Group

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