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Investments

October 9, 2025

How sky-high enrollment fees reproduce inequality in Japan

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media
Photo: Shutterstock, photo editor: Adelina Mamedova

Japan’s university admissions process includes an element that often surprises outsiders — the practice of charging «multiple enrollment fees,» a recent report on Eastasiaforum.org highlighted. At many private institutions, students who receive an acceptance offer must pay a nonrefundable enrollment fee, typically ranging from $1,360 to $2,040. This payment is…

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October 6, 2025

OpenAI looks beyond Nvidia, inks billion-dollar AI chip deal with AMD

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media
FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Advanced Micro Devices Inc. has secured a landmark deal with OpenAI to supply large-scale AI computing infrastructure, positioning AMD as a significant competitor in the highly lucrative artificial intelligence hardware market. The chipmaker states that this agreement could generate tens of billions of dollars in revenue, according to a Bloomberg…

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October 2, 2025

Central Asia’s largest wealth fund adds AI to its board of directors

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, has appointed an artificial intelligence system to its board of directors, giving it voting rights and decision-making authority. The neural network, known as SKAI (Samruk-Kazyna Artificial Intelligence), was formally introduced on Thursday at the Digital Bridge international forum in Astana, where it was presented to…

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October 2, 2025

Elon Musk becomes first person to reach $500 billion net worth

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media
PARIS, FRANCE - June 16, 2023: Elon Musk, founder, CEO, and chief engineer of SpaceX, CEO of Tesla, CTO and chairman of Twitter, Co-founder of Neuralink and OpenAI, at VIVA Technology (Vivatech)

Tesla CEO Elon Musk has become the first person to surpass a net worth of $500 billion. His wealth briefly hit $500.1 billion Wednesday before edging down to just above $499 billion, according to the BBC. Musk’s wealth primarily rose from Tesla’s stock gains as he owns over 12% of…

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September 30, 2025

AstraZeneca to list shares in New York while keeping UK base

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media
AstraZeneca

AstraZeneca will list its shares on the New York Stock Exchange, while maintaining its UK headquarters, its main listing on the London Stock Exchange and its tax base, according to Euronews. The Anglo-Swedish pharmaceutical giant stated that it will replace its current American Depositary Receipts (ADRs) on Nasdaq with a…

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September 29, 2025

Kazakhstan’s first unicorn: Local startup joins the billion-dollar club

Farid Veliyev

Farid Veliyev

Business News Correspondent f.veliev@kursiv.media

The Kazakh startup Higgsfield AI has achieved unicorn status, surpassing a $1 billion valuation. Aleksandr Mashrabov, the company’s co-founder and former head of generative AI at Snap Inc., announced the milestone at Nazarbayev University, according to Digital Business. Higgsfield AI has generated more than $50 million in revenue, officially becoming…

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September 25, 2025

Industrial hemp: 218 varieties you can cultivate in Central Asia

Danil Tumashevich

Danil Tumashevich

Copy editor d.tumashevich@kursiv.kz
shutterstock, бильд-редактор: Дастан Шанай

Kazakhstan has authorized the industrial production of 218 hemp varieties originating from 20 countries, including Russia, the U.S., Canada and Ukraine. The country permits industrial cultivation of cannabis only for uses unrelated to producing or manufacturing narcotic drugs or psychotropic substances. The approved list includes varieties categorized by country of…

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September 24, 2025

Indian healthcare giant NephroPlus enters Kazakhstan, targeting major expansion

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

NephroPlus, an Indian chain of dialysis clinics specializing in treating patients with kidney failure, plans to invest $10 million to $15 million in projects in Kazakhstan, according to the country’s Foreign Ministry. The agreement was reached during a meeting with Kazakhstan’s ambassador to India, Azamat Yeskarayev. NephroPlus aims to launch…

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September 19, 2025

SoftBank Vision Fund cuts 20% of staff, refocuses on AI investments

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media

SoftBank Group’s Vision Fund will reduce its global workforce by nearly 20% as it shifts its focus to large-scale artificial intelligence (AI) projects in the U.S. With over 300 employees, the fund confirmed these layoffs as part of a broader restructuring, according to Reuters. This restructuring follows Vision Fund’s strongest…

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September 19, 2025

Indian regulator dismisses fraud allegations against Adani Group

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media

India’s Securities and Exchange Board (SEBI) has rejected allegations of stock manipulation and financial misconduct against the Adani Group, initially raised by U.S. short-seller Hindenburg Research in 2023, stating there is no evidence to support the claims, according to the BBC. SEBI stated that its investigation revealed no violations of…

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September 19, 2025

China is leading the charge to bring humanoid robots home

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media

In mid-August, Beijing hosted the 10th World Robot Conference, where Shenzhen-based UBtech showcased how humanoid robots can be applied in real-world industrial settings, according to Lianhe Zaobao. The company demonstrated robots that not only handle tasks like sorting, material transfer and quality checks, but can also swap out their own…

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September 18, 2025

Gold prices are soaring. Should you be investing right now?

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

Gold prices surged to a new all-time high of $3,720 per ounce during trading on Sept. 16. Analysts caution, however, that despite the metal’s rapid rise, investors should weigh the risks before jumping in. The real value of goldIndependent financial analyst Aman Alimbayev noted that while gold has repeatedly set…

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September 17, 2025

Welt Konnect expands to Central Asia with plans for a digital bank in Kazakhstan

Farid Veliyev

Farid Veliyev

Business News Correspondent f.veliev@kursiv.media

Pakistan-based Welt Konnect aims to establish a digital bank in Kazakhstan and participate in renewable energy and infrastructure projects, as revealed following a meeting between company executives and Kazakh Invest, the country’s investment promotion agency. The company also signaled interest in tourism, real estate, construction, and educational programs. Welt Konnect,…

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September 17, 2025

Forget beating ChatGPT: China’s DeepSeek is playing a different AI game

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media
FILE PHOTO: Nvidia and DeepSeek logos are seen in this illustration taken, January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Technology professional Akhmad Hanan is asking a critical question: Can China with its DeepSeek model bypass restrictions by innovating in software while building its own chip ecosystem? The country’s pioneering company in AI systems appears determined to prove it can. In late August, DeepSeek released version 3.1 of its large…

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September 15, 2025

OpenAI moves toward for-profit structure under new Microsoft deal

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media

Microsoft and OpenAI are revising their partnership with a new non-binding agreement that could transform OpenAI from a nonprofit into a for-profit entity. This is a significant move as OpenAI seeks new funding and considers going public, according to Reuters. While both companies are keeping quiet about the money details,…

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September 12, 2025

SEC moves to drop case against former Nikola CEO Trevor Milton

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media

The U.S. Securities and Exchange Commission (SEC) has filed a motion to dismiss its case against Trevor Milton, founder and former CEO of electric and hydrogen truck maker Nikola, Reuters reported. The SEC filed the civil case in 2021, with Milton accused of misleading investors by overstating Nikola’s technology, including…

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September 12, 2025

Albania appoints AI bot as minister to fight corruption

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media

Albania has appointed a new «minister» to oversee public procurement. Unlike any predecessor, this official resists bribery, intimidation or favoritism because Diella, an artificial intelligence–powered bot, fills the role, The News Daily reported. Prime Minister Edi Rama, preparing to enter his fourth term, announced on Thursday that Diella — whose…

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September 11, 2025

Oracle nears $1 trillion valuation on AI cloud boom

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media
Oracle stock soars on AI cloud boom

Oracle is on the verge of joining the trillion-dollar club as its stock surges, driven by soaring demand for cloud computing to support AI systems. The company’s market value is now $933 billion, after shares jumped 36% on Wednesday and continued to rise on Thursday, according to Reuters. The rally…

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September 11, 2025

Mercedes chief urges reality check on EU’s green transition

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media
Mercedes CEO calls for clearer rules in EU green transition

Europe’s carmakers face pressure from all sides: shrinking sales, rising energy costs and fierce international rivals. Mercedes-Benz boss Ole Källenius, who heads the European car industry association ACEA, warns that the EU’s green agenda risks undermining the auto industry unless it adopts a more pragmatic approach to reaching zero emissions.…

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September 10, 2025

Alzheimer’s breakthrough: Simple blood test hailed as ‘game-changer’ for diagnosis

Yerlan Iskakov

Yerlan Iskakov

ye.iskakov@kursiv.media

A clinical trial in the U.K. is evaluating a new blood test that could reshape how Alzheimer’s disease is diagnosed, according to The National. Participants showing early signs of dementia are being recruited through NHS memory clinics to evaluate the test’s effectiveness. Researchers expect to have conclusive results within the…

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September 3, 2025

Gold extends record rally on Fed rate-cut bets and trade uncertainty

Tanat Kozhmanov

Tanat Kozhmanov

t.kozhmanov@kursiv.media

Gold surged to another record high on Wednesday, breaking through $3,500 an ounce as traders increasingly bet on the Fed cutting rates and worried about growing political and trade tensions, according to Reuters. The precious metal reached $3,546.99 before settling at $3,534.88. Furthermore, U.S. gold futures for December delivery climbed…

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September 3, 2025

OpenAI competitor Anthropic secures $13 billion funding round

Nikolai Marchenko

Nikolai Marchenko

n.marchenko@kursiv.media

Anthropic, an artificial intelligence (AI) safety and research company founded by former OpenAI research executives including CEO Dario Amodei, reported closing a $13 billion funding round on Sept. 2, according to CNBC. The company’s valuation rose to $183 billion, marking nearly a threefold increase since its previous raise in March…

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August 22, 2025

Freedom Broker presents investment ideas for fall 2025

Farid Veliyev

Farid Veliyev

Business News Correspondent f.veliev@kursiv.media

Fall traditionally revives financial markets: the companies publish financial reports, investors revise their portfolios and stock prices gain fresh momentum. Analysts at Freedom Broker have highlighted key investment ideas for Kazakhstan and global markets.    Kazakhstan’s market One of the fall’s wild cards is the Kazakhstan Electricity Grid Operating Company…

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August 15, 2025

Lotte’s Kazakh factory profit falls 53.4%

Svyatoslav Antonov

Svyatoslav Antonov

Business News Correspondent s.antonov@kursiv.media

In the first six months of 2025, Lotte Rakhat Confectionery reported a profit of about $3.9 million, down 53.4%, or $4.4 million, from the same period last year, according to the company’s filing on the Kazakhstan Stock Exchange (KASE) website. The drop was largely due to a 23.4% fall in…

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Latest news
Photo: Shutterstock, photo editor: Adelina Mamedova
October 9, 2025

How sky-high enrollment fees reproduce inequality in Japan

October 7, 2025

Forbes Kazakhstan ranks Bulat Utemuratov the country’s most influential businessman

Woman using cash machine-ATM,close up view.
October 7, 2025

Kazakhstan sees massive cash outflow as foreign workers send billions home

October 7, 2025

Wind and solar surpass coal as world’s top power sources

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
October 6, 2025

OpenAI looks beyond Nvidia, inks billion-dollar AI chip deal with AMD

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