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Search results for ITCen CTS

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 to issue 5 billion won convertible bonds to ITCEN Global, repay debt

ITCEN CTS said on Monday it will issue 5 billion won ($3.7 million) of convertible bonds to its largest shareholder, ITCEN Global, and use the entire proceeds to repay borrowings. The company said ITCEN Global will subscribe to the full amount, with payment due on Sept. 16. ITCEN CTS said the funds will be used to repay part of a general loan from a financial institution, not for new business investment or working capital.

People & Appointments

ITCEN CTS named \'Gruteogi Honors Partner\' by Youth Gruteogi Foundation

ITCEN CTS said on Aug. 24 it has reached 100 million won in cumulative donations through “Sangsang Oneul,” a support project run with the Youth Gruteogi Foundation for young people preparing for independence. The company said it has provided scholarships to 4 students and completed housing environment upgrades for 32 rooms at a self-reliance facility in Busan. It also said it ran mentoring programs and was named a “Gruteogi Honors Partner.”