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AI & Enterprise

South Korea secures 9,704 advanced GPUs to be run by Naver Cloud, Samsung SDS and Elice Group

South Korea's Ministry of Science and ICT has selected Naver Cloud, Samsung SDS and Elice Group for a project to secure, build and operate advanced graphics processing units, it said on Sunday. The 2.08 trillion won programme will secure 9,704 GPUs, including 2,016 Nvidia Vera Rubin units and 7,688 B300 units. The ministry plans to support AI computing needs for public and private innovation and phase in services this year.

Finance

IBK Industrial Bank of Korea launches MyData-based home subscription service

IBK Industrial Bank of Korea has launched a MyData-based service to help customers prepare for real estate housing subscriptions, it said on Sunday. The service, called Cheongyak Lounge, offers functions needed for subscriptions, from diagnosing a subscription savings account to schedule alerts, linking to applications and checking winning results. The bank said it will continue to expand services that support customers’ financial lives as well as housing and overall asset management.

Industry

OpenAI, Anthropic and SpaceX IPOs loom, testing U.S. market’s ability to absorb supply

SpaceX and Anthropic have begun IPO procedures and OpenAI may follow, raising questions about whether U.S. markets can absorb new listings from large private tech firms. Market focus is on shifts in supply and demand after listings, including index inclusion and lock-up expiries that could release large volumes of shares. Estimates suggest up to $4 trillion in market value could be added if all three list.