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AI & Enterprise

SKT to spin off SK Broadband, launch AI data centre unit SK Horizon

SK Telecom will spin off its wholly owned unit SK Broadband to separate its AI data centre business into a new company, SK Horizon, and attract 3.08 trillion won in external investment. SK Broadband will continue wireline, media and enterprise operations, while SK Horizon will run AI data centre infrastructure, including 8 existing centres and projects under construction. KKR and an IMM-Stonebridge consortium will take 29 percent and 20 percent stakes after staged investment.

Industry

Nvidia Q2 net profit $59.7 billion, up 126 percent year on year

Nvidia posted fiscal 2027 second-quarter revenue of $96.2 billion and net profit of $59.7 billion, beating market expectations. Revenue rose 106 percent and net profit gained 126 percent from a year earlier, while gross margin increased to 75 percent. Data center revenue climbed to $89.0 billion, above a Bloomberg-compiled estimate. Nvidia forecast next-quarter revenue of $108.0 billion, plus or minus 2 percent, and said the outlook excludes China data center computing revenue.

AI & Enterprise

Nvidia weighs investment in Mercury at $20 billion valuation

Nvidia is moving to invest in Mercury, a supplier of training data for its AI models, in a deal that could value Mercury at $20 billion. Mercury sells training data used to build AI models, and General Catalyst is reported to be discussing leading the funding round. The company’s revenue has surged, with annual revenue topping $2 billion in June 2026 and first-half revenue at $614 million. The talks come as scrutiny of recycling finance resurfaces and market indicators have shifted.