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Industry

SpaceX IPO spurs millionaire employees as wealth managers compete for clients

SpaceX’s initial public offering has sharply lifted the value of shares held by current and former employees, prompting wealth managers to compete for them as new clients. Scott Morton (스콧 모턴), a former SpaceX employee and founder of Los Angeles-based software company Revel, said firms have contacted him through handwritten letters, gifts and LinkedIn messages. He said the IPO could also encourage more SpaceX alumni to launch startups.

AI & Enterprise

SKT to work with Arm, Rebellion on AI inference server solution

SK Telecom is developing an AI inference server solution that combines a graphics processing unit and a neural processing unit. The company signed an MOU with chip designer Arm and AI chip startup Rebellion to jointly develop a solution that uses Arm’s Arm AGI CPU and Rebellion’s Revel Card, due in the third quarter. SKT plans to validate the solution at its AI data center and review running its A.X K1 model on it.