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AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.

AI & Enterprise

Hanssak swings to profit in Q2 on broader security portfolio and business diversification

Hanssak said on Sunday it swung to a profit in the second quarter on both separate and consolidated bases, citing an expanded security-solution portfolio and business diversification. Separate second-quarter revenue rose 39 percent to 6.4 billion won and operating profit was 1.3 billion won, versus an operating loss a year earlier. Consolidated revenue increased 44 percent to 7.6 billion won and operating profit was 800 million won.

Industry

Domestic NPU products cleared for public procurement as Rebellion, FuriosaAI named

Products from South Korean AI semiconductor companies including Rebellion, FuriosaAI and DeepX were designated as outstanding R&D innovative products, giving them an opportunity to enter the public procurement market. The Ministry of Science and ICT said it awarded certificates and plaques to 13 companies selected from 2025 through the first half of this year. Designated items can be purchased through private contracts for three years, extendable up to six years, and are included in the 83.9 billion won pilot purchase programme.