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Industry

SpaceX IPO stirs U.S. luxury market as Rolex and private jet demand signs emerge

With SpaceX\'s initial public offering confirmed, U.S. markets for luxury homes, high-end watches and private jets are showing early reactions. CNBC reported that current and former employees cannot immediately cash out their stakes, but some are already making spending plans in anticipation of future liquidity. Realtors cite rising inquiries for upscale homes in Southern California and near Austin, Texas. Watch and private jet firms also report related inquiries.

AI & Enterprise

Dowoo Information to supply YMTC consumer SSD brand ZHITAI in South Korea

IT distributor Dowoo Information said on Thursday it signed an official distribution agreement in South Korea with ZHITAI, the consumer storage brand of NAND flash memory maker YMTC, and will launch a next-generation PCIe SSD lineup. The products include PCIe 5.0 models TiPro9000 and TiPlus9100, and the PCIe 4.0 TiPlus7100s. The company said competition is intensifying as AMD and Intel platforms support PCIe 5.0 SSDs.

AI & Enterprise

AI infrastructure financialisation gains momentum as major investment banks take interest

As hundreds of billions of dollars pour into AI infrastructure, financial markets are shifting and efforts are growing to financialise capital flowing into the sector. Products could emerge that allow trading of computing power costs, including futures tied to GPU rental prices. The Information reported that investment banks, exchanges and data providers are competing to make GPU rental rates an official tradable asset, with Goldman Sachs and JPMorgan exploring listings by year-end.