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Industry

Choi Tae-won of SK says AI can cut costs of measuring value, stresses performance-based incentives

Choi Tae-won (최태원), chairman of SK Group, said scaling solutions to social problems requires a compensation system based on results, not budgets and publicity. Speaking in Seoul at the first session of the Ecosystem Leadership Exchange, he also stressed the importance of accurately measuring social value and said advances in AI can help address the high transaction costs of precise measurement. He called for performance-based incentives and promoted the social performance incentive model.

AI & Enterprise

Power supply emerges as biggest bottleneck to AI expansion as Altman infrastructure warning revisited

Power constraints are again in focus as a key bottleneck that could hinder the development of more powerful AI. As AI models advance, demand for data centres and computing resources is surging, but power generation and transmission infrastructure is harder to expand at the same pace. TechRadar revisited past remarks by OpenAI CEO Sam Altman, who warned that AI would consume far more energy than expected and called for breakthroughs including fusion and cheaper solar and storage.

Industry

Tesla to build $10.12 billion solar cell plant in Texas, hire 9,712 in major investment

Tesla has filed plans to build a $10.116 billion solar cell plant in Fort Bend County, Texas, and said it would hire 9,712 workers. The company applied for a 10-year property tax break under the Texas JETI program and set commercial production for the first quarter of 2029. The filing describes a fully vertically integrated facility producing cells and modules from polysilicon, but Tesla said Texas is not yet the final site.