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AI & Enterprise

AI startups need markets, not technology; government should be first customer

Industry participants at the AXIS 2026 conference in Seoul said AI startups lack markets and first customers rather than ideas or technology, and urged the government to play an early-market role. Korea Startup Forum Chairman Jae-won Kim (김재원) said Korea has the layers needed for an AI powerhouse but needs the government to act as a customer. Companies cited public demand, regulation and domains such as defence and disaster response. Officials and lawmakers voiced support for first-use and purchase projects.

AI & Enterprise

Zhongji Innolight becomes top-weight stock in CSI300, pushing past CATL

Chinese optical module maker Zhongji Innolight has become the largest-weight constituent of China’s CSI300 index, as investment in AI infrastructure boosts demand for related shares. Its index weighting reached 5 percent, ahead of battery company CATL at 4.1 percent. Technology now accounts for 22 percent of the CSI300, while financials have slipped to 19 percent. The company’s shares have nearly doubled this year.

Industry

Elon Musk nears trillion-dollar wealth prospect as SpaceX IPO stirs control debate

Elon Musk\'s net worth could exceed $1 trillion ahead of SpaceX\'s initial public offering, as the company set an offer price of $135 a share that implies a $1.77 trillion valuation. Debate is also growing over Musk\'s concentration of voting power, eased rules for index inclusion and limits on shareholder rights. Filings also outline revenue and losses at Starlink, AI operations and NASA launch contracts, and provide details on X\'s performance.