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AI & Enterprise

Elice Group chases IPO, targets global AI infrastructure market with Korean-style neo-cloud

Elice Group, a full-stack AI company, is pursuing an initial public offering to expand into the global AI infrastructure market with what it calls a Korean-style neo-cloud. It plans to convert 130 MW of secured power capacity into AI computing resources by building modular AI data centres in regions with spare electricity and boosting GPU utilisation with its own software. The company also aims to sell domestic AI computing resources to overseas customers and target a KOSDAQ listing in October.

AI & Enterprise

European AI firms warn slowing frontier AI would cement U.S. lead, push back on calls for brakes

Major European AI companies are pushing back against calls from leading U.S. labs to slow frontier AI development, saying it could hinder competition and cement a U.S. lead. They warn new evaluation rules and cooperation frameworks could raise costs for smaller European developers. The debate comes as Europe trails the United States and China in AI investment, computing infrastructure and top model performance, even as some European countries show higher generative AI use.

AI & Enterprise

Elice Group selected as GPU supplier for government AI research computing project

Elice Group said on Monday it has been selected as a GPU resource supplier for the Ministry of Science and ICT and the Institute for Information & Communications Technology Planning & Evaluation\'s 2026 AI research computing support project. The 15.3 billion won project aims to provide cloud-based high-performance GPU infrastructure so researchers at domestic universities and research institutes can develop large-scale and generative AI models.