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AI & Enterprise

Rableup eyes global market ahead of IPO, targets 57.9 billion won revenue in 2029

AI infrastructure software company Rableup plans to target global markets with integrated operations technology for heterogeneous AI accelerators and more than 10 years of experience. It aims to expand investment in next-generation AI semiconductor compatibility and overseas business after a KOSDAQ listing. Its flagship Backend.AI supports end-to-end AI infrastructure operations. Rableup reported 6.72 billion won revenue and 679 million won operating profit last year and set a 57.9 billion won revenue target for 2029.

AI & Enterprise

Anthropic Seoul office faces early test as export controls seen easing within days

Anthropic has opened a Seoul office, launching as U.S. government AI export controls put its coordination with South Korea to an early test. Executive Chris Chaoui said he did not think the controls would remain and expected the issue to be resolved within days. The firm said access work for South Korean companies and institutions linked to a cybersecurity project was halted. The office will focus on enterprise sales and partnerships.

AI & Enterprise

Upstage CEO Kim Sung-hoon says Fable5 foreign access ban highlights need for Korean sovereign AI

Upstage, a South Korean AI startup, said it aims to compete in global technology rivalry with sovereign AI. CEO Kim Sung-hoon said AI has become a national strategic asset and countries can cut off access. He cited a recent U.S. move to block foreigners from accessing Anthropic’s Fable5 and Mythos5. Upstage said its open-source Solar Open2 preview scored 44.4 on AAII 4.0 and is comparable to leading models.