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hot_img Samsung SDS plans to collaborate with Dunamu on stablecoin and AI payment, with a 17% growth in cloud computing business in Q2

Samsung SDS stated in its earnings call that its strategic investment in the South Korean cryptocurrency exchange Dunamu is a "strategic layout for entering the digital asset infrastructure business." Both parties are discussing cooperation on stablecoin infrastructure, next-generation AI payments, and virtual asset financial system integration (SI). Samsung SDS President Lee Joon-hee mentioned that they will combine Dunamu's blockchain operation experience with Samsung SDS's capabilities in IT services, AI, cloud computing, and security to strengthen the digital financial infrastructure business.The earnings report disclosed on the same day showed that Samsung SDS's revenue for the second quarter was 3.7178 trillion won (approximately 2.6 billion USD), a year-on-year increase of 5.9%; operating profit was 231.8 billion won (approximately 160 million USD), a year-on-year increase of 0.7%. Among them, the cloud computing business revenue was 779.4 billion won, a year-on-year increase of 17%, with external cloud computing business revenue surging 75% year-on-year. The company plans to expand its AI infrastructure from the current 110MW to 230MW by 2029, and further expand to over 800MW by 2031. Samsung SDS previously announced an investment of approximately 20 billion won in Dunamu in May 2024.

NVIDIA invests in OpenAI to co-establish a new AI laboratory, providing large-scale GPU computing power support

According to a report by the WSJ, Nvidia has invested in the AI laboratory Safe Superintelligence (SSI), founded by former OpenAI chief scientist Ilya Sutskever. The two parties have reached a long-term cooperation agreement aimed at expanding SSI's computing resources while helping Nvidia secure important clients in the AI field. Both companies stated that Nvidia made a "large-scale" investment after understanding some of SSI's research progress, but did not disclose the specific amount.As part of the collaboration, SSI will receive a significant amount of Nvidia's flagship GPU resources, with its computing power expected to increase by an order of magnitude. Previously, SSI primarily relied on TPU chips provided by Google for AI research and development. This collaboration indicates that Nvidia is further expanding its AI chip ecosystem and binding future computing power demands through investments in top AI laboratories.SSI was established in 2024 by Ilya Sutskever, with the goal of developing "Safe Superintelligence." The company has previously raised about $2 billion in funding, with investors including Andreessen Horowitz and Sequoia Capital, and reached a valuation of approximately $30 billion last year. This is not Nvidia's first investment in an AI company founded by former core members of OpenAI. In March of this year, Nvidia also invested in Thinking Machines Lab, founded by former OpenAI chief technology officer Mira Murati, whose first AI model is trained on Nvidia hardware.Ilya Sutskever is one of the important researchers in the field of modern artificial intelligence, having co-founded OpenAI and promoted the development of large model technologies such as ChatGPT. However, after leaving OpenAI, he began to question the approach of solely relying on expanding data and computing power to drive AI progress, turning instead to explore new directions in superintelligence research.

Kraken's parent company Payward acquires Magic Labs' embedded wallet business

According to The Block, Magic Labs has agreed to sell its embedded wallet business to cryptocurrency exchange Kraken's parent company Payward as part of a broader company restructuring, with Magic Labs simultaneously rebranding to Newton Labs. This transaction is in the form of an asset sale, and after the deal is completed, Magic Labs and Payward will continue to operate independently, with wallet customers being taken over by Payward Services.Since its establishment in 2018, Magic Labs has created over 60 million wallets, supporting more than 200,000 developers. Newton Labs will focus on developing the Newton Protocol, which is an authorization layer for on-chain finance that executes compliance, security, and risk strategies before transactions are settled on-chain. The protocol entered the mainnet testing phase in June 2026. The first product based on the Newton Protocol, VaultKit, is a set of composable strategy tools for institutional-grade vaults.This acquisition is another transaction in Payward's ongoing expansion of its financial infrastructure platform. Previously, the company completed the acquisition of the CFTC-licensed derivatives exchange Bitnomial for up to $550 million in cash and stock, and acquired the Hong Kong stablecoin payment company Reap Technologies for $600 million. In 2025, it also acquired the retail futures platform NinjaTrader for $1.5 billion.
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