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Search results for Lotte Innovate

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.

Industry

Lotte brings mobility value chain to Japan, from materials to logistics under one roof

Lotte said on Oct. 12 it will take part in Japan Mobility Show Bizweek 2026 at Makuhari Messe in Chiba. Six affiliates will join, including Lotte Chemical and Lotte Global Logistics. The group plans to present its mobility business spanning next-generation materials, AI and autonomous driving, and smart logistics. Lotte will set up an L.MoVE-themed booth to display its value chain from materials to infrastructure, logistics and services.