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AI & Enterprise

Orbital targets 2028 first launch for space AI data centre vision

Orbital, a startup aiming to build artificial intelligence data centres in space, has raised $5 million in seed funding. The company plans to run AI inference in orbit to avoid power and siting constraints on Earth and reduce regulatory and permitting burdens. Founder Euwyn Poon says the business depends on lower launch costs, with SpaceX\'s Starship seen as key. Orbital targets a first data-processing spacecraft launch in 2028.

AI & Enterprise

SKT forms AI fund with Japan\'s NTT, steps up Korea-Japan economic cooperation

SK Telecom said it will form a joint fund with Japan\'s NTT and Taiwan\'s Chunghwa Telecom to invest in next-generation AI technology. The IOWN AI Fund is expected to be worth $500 million, about 760 billion won. The companies plan to set up fund manager Catalight Capital with bases in Silicon Valley and East Asia. The fund will invest in startups across AI infrastructure, semiconductors, services and optical communications.

AI & Enterprise

IITCEN Global to work with Draper Startup House on AI and Web3 startup programme

IITCEN Global will jointly host an open innovation programme with Draper Startup House Korea Center, a global accelerator network led by Silicon Valley venture investor Tim Draper, to identify and foster promising AI and Web3 startups. Five affiliates within the group will participate. IITCEN Global plans to act as a control tower to support co-commercialisation and global expansion. About 10 startups will be selected and offered tailored investment reviews and club-deal investment opportunities.