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Games & Commerce

Korea Post Logistics Agency to launch Post Pick service to support SMEs in international shipping

Korea Post Logistics Agency will begin a pilot of its Post Pick service from Sept. 14 to support small and midsize exporters needing international freight transport. The service compares market freight rates based on shipment details and provides suitable shipping conditions and quotes. It links the full process from post office acceptance to customs brokerage, international transport and local delivery. During the pilot, it will cover shipments of 45 kg or more to five countries.

AI & Enterprise

AI data centres face power bottleneck, not servers; natural gas and electrical equipment stocks seen benefiting

The key variable in the race to build AI infrastructure is shifting from semiconductors and servers to securing electricity, as AI moves into large-scale operations. As AI data centres expand, the ability to deliver reliable power at the right place and time is becoming critical. Demand for natural gas is expected to rise, but multiple infrastructure steps are needed to turn gas into usable power. Developers also face permitting, grid connections and other bottlenecks.

Industry

Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion

Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.