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AI & Enterprise

AI bubble fears sweep tech, boosting open-weight AI

Concerns about excessive investment in AI infrastructure weighed on tech markets, pushing down AI-related stocks, while Apple, seen as investing less in AI, reached a $5 trillion market value after Nvidia. Some observers warn today’s AI data-centre shortages could turn into long-term overcapacity that shocks equities, with investors shifting toward U.S. Treasuries. The report also cites slowing revenue growth at Anthropic and increased moves by U.S. firms into open-weight AI models.

AI & Enterprise

ITCEN CTS steps up expansion of AI data centre business

ITCEN CTS, an IT infrastructure unit of ITCEN Group, is working with Lotte Innovate to expand its artificial intelligence data centre business, starting with operations at the Ansan Global Cloud Center due for completion in 2027. The centre is being built to meet rising data-processing demand driven by wider use of AI and cloud services. The two companies plan joint sales and marketing and aim to pursue hyperscale and edge data centre opportunities.

People

ITCEN Group chairman Kang Jin-mo to run for Korea Billiards Federation president, unveils four pledges

Kang Jin-mo, chairman of ITCEN Group, is running in the election for president of the Korea Billiards Federation (KBF). Ahead of the vote, he announced four pledges and 12 detailed tasks under the vision of connecting billiards with the wider world. Kang said South Korean billiards has world-class skill and participation but lacks matching industrial foundations and international standing. The election will be held by online voting on Oct. 1.