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AI & Enterprise

Encore attends ISO/IEC standardisation meeting, shares global data technology direction

Encore, an AI and data company under SK Networks, said it took part as South Korea’s representative in the ISO/IEC JTC 1/SC 32 international standardisation meeting in Stockholm for five days from June 15. It said about 40 representatives from international organisations and nine member countries, including the United States and China, attended. Senior consultant Sung-jae Jung led the South Korean delegation and reflected domestic industry views in standards work on data management and metadata.

AI & Enterprise

Octave completes spin-off from Hexagon, starts independent Nasdaq listing

Octave Intelligence said it completed its spin-off from parent Hexagon AB on May 22 and began trading on Nasdaq Stockholm from May 25. Its class B common shares began trading on the Nasdaq Global Select Market in the United States from May 28, it said. Octave provides context-based intelligence solutions used by organisations managing complex operating environments such as power grids, rail networks, manufacturing plants, public safety systems and urban infrastructure.

Technology

European startups that once chose the U.S. now skip Silicon Valley

European tech startups are increasingly staying in Europe rather than moving to Silicon Valley, as AI adoption, improved access to capital and the ecosystem effects of success stories such as Spotify and Klarna reshape the market. Swedish startups cite customer wins and higher valuations, while investors and executives describe a broader structural shift. Late-stage funding remains a challenge, but AI is seen as helping firms scale faster with less capital. Talent flows and competing views on Silicon Valley persist.