News Summary

• South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering AI.
• The five-year investment package includes plans to build a new semiconductor facility, Pyeongtaek Plant 5.
• President Lee Jae Myung has vowed to ‘usher in the AI era’ and make the country one of the world’s top three AI powers, behind the United States and China.
• AI-related spending is soaring worldwide and sky-high tech share valuations have fed concerns of an AI market bubble that could eventually burst.