Bloomberg South Korea’s dominant message-app operator is considering a private placement next month to raise funds from partners interested in helping to build its crypto platform. Ground X Corp., a blockchain subsidiary of Kakao Corp., may initially seek capital and business alliances with consumer-service companies, Jason Han, the unit’s chief executive officer, said in an interview. Ground X is targeting …

Bloomberg A self-driving shuttle bus ferrying workers in Detroit from a parking garage to their office has become the first autonomous vehicle to ply the roads of America’s automotive capital. May Mobility, an Ann Arbor, Michigan-based startup backed by Toyota and BMW, is deploying a small fleet of six-seat, electric-powered shuttles in downtown Detroit to transport the employees of Bedrock, …

Bloomberg Artificial intelligence is coming for the service economy, according to Allstate Corp. CEO Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said in an interview on Bloomberg TV from Aspen, Colorado. Automation will affect a wide swath of workers, from traders to taxi drivers. McKinsey & Co. estimates that more than 400 million people …