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AI & Enterprise

Global companies step up push into South Korea\'s sovereign AI market

Global AI companies are accelerating efforts to target South Korea’s sovereign AI market, focused on AI infrastructure controllable by governments and enterprises. Palantir held a second pop-up event in Korea, while Mistral began hiring in Seoul and Cohere outlined plans to set up local entities and double Asia-Pacific staff by year-end. The article also rounds up moves by OpenAI, Anthropic, Meta, Salesforce and others, including models, acquisitions, investments and cloud and AI agent infrastructure tools.

Industry

Tesla Megapack supply sold out through 2027, production ramp speeds up

Most of Tesla\'s 2027 supply of its large energy storage system Megapack has been taken up, as demand rises, driven mainly by growth in AI data centres. The International Energy Agency expects global data centre power use to nearly double by 2030. Tesla has started production at its Texas Megapack plant and is strengthening its U.S. battery sourcing by shipping its first Megapack made only with LFP cells produced in Nevada.

Finance

Tech stocks stumble on Tesla outlook as China shares slip into bear market

Selling spread across global markets led by technology shares, with U.S. stock index futures down and Asian and European markets broadly weaker. Investors focused more on outlook than earnings as semiconductor shares came under pressure. Tesla shares fell in premarket trade despite beating forecasts, while China’s CSI300 entered a bear market. Long-term money flows into China increased, and AI infrastructure demand remained in focus.