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AI & Enterprise

Global companies step up push into South Korea\'s sovereign AI market

Global AI companies are accelerating efforts to target South Korea’s sovereign AI market, focused on AI infrastructure controllable by governments and enterprises. Palantir held a second pop-up event in Korea, while Mistral began hiring in Seoul and Cohere outlined plans to set up local entities and double Asia-Pacific staff by year-end. The article also rounds up moves by OpenAI, Anthropic, Meta, Salesforce and others, including models, acquisitions, investments and cloud and AI agent infrastructure tools.

AI & Enterprise

DeepSeek raises $15 billion, aims for Shanghai IPO in early 2027

Chinese AI startup DeepSeek raised $15 billion in its second private funding round, the Wall Street Journal reported on Oct. 22, citing sources. Investor demand nearly doubled the fundraising from the initial target, the report said. DeepSeek is also moving up its timetable and is aiming for a Shanghai stock market listing in early next year. If the plan proceeds, it could list before OpenAI and China’s Moonshot AI, the report said.

AI & Enterprise

US removes DeepSeek from government systems; China says it will not stand idly by

China pushed back after the United States barred the use of products from Chinese AI startup DeepSeek in federal civilian agencies’ IT systems and ordered their removal. The U.S. Department of Homeland Security also banned new procurement of DeepSeek-related products and services. A notice cited threat pathways and concerns that servers in China could allow access to sensitive U.S. data. China’s foreign and commerce ministries condemned the move and vowed countermeasures.