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AI & Enterprise

Elice Group chases IPO, targets global AI infrastructure market with Korean-style neo-cloud

Elice Group, a full-stack AI company, is pursuing an initial public offering to expand into the global AI infrastructure market with what it calls a Korean-style neo-cloud. It plans to convert 130 MW of secured power capacity into AI computing resources by building modular AI data centres in regions with spare electricity and boosting GPU utilisation with its own software. The company also aims to sell domestic AI computing resources to overseas customers and target a KOSDAQ listing in October.

Mobility

Are electric trucks really cheaper to run than diesel trucks?

Electric trucks already have a lower total cost of ownership than diesel trucks in 6 of the European Union’s 9 major truck markets, an analysis showed. The six markets account for 46 percent of new EU heavy-duty truck sales. Savings over five years were estimated at up to 100,000 euros in the Netherlands, 85,000 euros in Germany and 69,000 euros in Denmark, with investment recovered in about two years in those markets.

AI & Enterprise

97 percent of U.S. companies still use databases past end of support

Most U.S. companies continue to run database software versions that are no longer officially supported, a survey showed. Percona’s poll of 300 U.S. database administrators, site reliability engineers and platform engineers found 97 percent said their organisations operate at least some end-of-support database versions. Respondents cited upgrade complexity, the need to check applications and infrastructure, and cost pressures such as cloud and licensing costs. Risks include missing security patches and performance issues.