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AI & Enterprise

Cerebras Systems tops $100 billion in market value on Nasdaq debut

Cerebras Systems began trading on Nasdaq well above its IPO price, jumping 68 percent to push its market value past $100 billion. CNBC reported the stock opened at $350 versus an offering price of $185. The company sold 30 million shares to raise $5.55 billion, potentially rising to $6.38 billion if underwriters exercise an option. Cerebras posted 2025 revenue growth and a return to profit but still faces customer-concentration risks.

AI & Enterprise

MegazoneCloud selected as lead operator for Korea's AI semiconductor overseas demonstration support project

MegazoneCloud said on Thursday it was selected as the lead operator for the 2026 AI semiconductor overseas demonstration support project for server-type systems run by South Korea's Ministry of Science and ICT and the National IT Industry Promotion Agency. It formed the KRFSAI consortium with FuriosaAI, NC AI, Upstage, Uracle and others to design, build and operate an overseas server demonstration environment based on Korean AI semiconductors at Aramco Digital in Saudi Arabia.

AI & Enterprise

HancomWITH joins zero trust pilot to support identity and data domains

HancomWITH said it will join the 2026 zero trust adoption pilot project jointly promoted by the Ministry of Science and ICT and the Korea Internet & Security Agency, forming a consortium with Amjin, SK Broadband, Basestone and DST International. The consortium plans to propose a SASE-based zero trust model for high-risk global work environments and apply it at HanaTour to verify effectiveness. HancomWITH will support the identity and data domains, including AI-based continuous authentication and PQC-based data encryption.