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AI & Enterprise

Upstage steps up IPO push after Daum acquisition

Upstage is accelerating plans for an initial public offering in the second half after acquiring AXZ, the operator of Daum, from Kakao through a share swap. Key variables include its AI portal strategy for Daum, meeting KOSPI listing requirements and whether collaboration turns into overseas revenue. Upstage plans to integrate its Solar large language model into Daum services and keep Daum as a separate entity under a model-supply partnership.

AI & Enterprise

Google Cloud emerges as Alphabet growth engine as quarterly revenue jumps 63 percent

Alphabet’s first-quarter revenue rose 22 percent, helped by growth in its cloud business, the Wall Street Journal reported. Revenue totaled about $110 billion, beating market expectations, and net profit climbed 81 percent to $62.6 billion. Google Cloud revenue rose 63 percent to $20 billion, and its backlog increased to $460 billion. Alphabet plans capital spending of $175 billion to $185 billion this year, nearly double its 2025 plan.

AI & Enterprise

Google AI Overviews wrong 1 in 10 times, raising risk of tens of millions of errors a day

Google’s AI Overviews, shown at the top of Search results, has been assessed at about 90 percent accuracy, but analysts warn the remaining error rate could translate into millions of incorrect answers an hour and tens of millions a day when applied to overall search traffic. The New York Times tested the feature using Oumi’s SimpleQA benchmark and found accuracy rose from about 85 percent under Gemini 2.5 to about 91 percent after Gemini 3.