South Korean IPO flop is the latest in a string of disappointments for the global AI trade
October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank. Investors are not convinced of the sustainability of the capex outlay.
Microsoft and the Institute of Information & Communications Technology Planning & Evaluation (IITP) have collaborated on an internship program aimed at assisting Korean AI talents in accessing global research resources. At the 2026 Korea Day presentation event held at Microsoft Korea Office in Seoul, over 100 students, mentors, and officials from Microsoft Research Asia (MSRA) and IITP showcased their work on various AI topics, including visual agentic AI, brain-inspired AI, AI-native systems, and spatial intelligence.
Lee Mi-ran, director of Microsoft Research Accelerator, emphasized the importance of interdisciplinary and cross-boundary research in Asia Pacific to define the new paradigm of computing and AI. The partnership between Microsoft and Korea has been steadily developed over the past 20 years, with the government providing the framework, universities offering the talent, and ideas, according to IITP.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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