Alphabet Shares Climb 1.4% on DeepMind's Seoul AI Campus MoU with Korean Giants

Alphabet Inc - Class C shares rose about 1.35% to 342.32 amid news of Google DeepMind's first global AI campus in Seoul, confirmed by presidential adviser Kim Yong-beom. The deal, signed via MoU with South Korea's Science Ministry after a meeting between President Lee Jae Myung and CEO Demis Hassabis, includes requests for 10 U.S. engineers and collaborations with Samsung, SK Hynix, Hyundai's Boston Dynamics, and LG. Initial reports highlighted the partnership's R&D focus, evolving to emphasize market-positive AI expansion and supply-chain ties, boosting intraday gains.