North Korea has taken drastic measures to combat soaring exchange rates by punishing money changers for manipulating the currency market. The government’s crackdown on illegal currency trading comes as the country grapples with economic challenges exacerbated by international sanctions. The move aims to stabilize the economy and prevent further devaluation of the North Korean won.
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Former Huawei ‘Genius Youth’ recruit says new venture can now mass produce humanoid robots
Shanghai-based start-up Agibot, founded by former Huawei recruit Peng Zhihui, has begun mass production of its AI-powered humanoid robots, producing 962 units by December 15. Peng, known for viral inventions like an Iron Man-inspired robotic arm, left Huawei in 2022 to start Agibot, which is backed by investors like Hillhouse Investment and BYD. The move by Agibot intensifies competition in China's robotics industry, with local governments supporting the sector's growth. Full Article
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