Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › South Korean Data Center Firm Elice Plunges in Trading Debut
Technology

South Korean Data Center Firm Elice Plunges in Trading Debut

Bloomberg Technology Tuesday 20 October 2026, 07:44 UTC 1 min read
Key Points

Oct 20th, 2026 South Korean Data Center Firm Elice Plunges in Trading Debut Seoul-based neocloud service provider Elice's shares plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into the industry. Bloomberg's Anthony Stephens reports.

Oct 20th, 2026 South Korean Data Center Firm Elice Plunges in Trading Debut Seoul-based neocloud service provider Elice's shares plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into the industry. Bloomberg's Anthony Stephens reports.
South Korean (ORG) South Korean Data Center Firm Elice Plunges (ORG) Seoul (LOCATION) neocloud service (ORG) Elice (ORG) Bloomberg (ORG) Anthony Stephens (PERSON)
Originally published by Bloomberg Technology Read original →

Related Stories

Revolut outage hits 'multiple services' as thousands of users report app issues

Some users of the British neobank reported being unable to make some payments or access funds in its app on Tuesday.

BBC Technology 9m ago

London’s mobile networks fall to bottom of Europe’s capital league

London's mobile network performance has slipped behind other European capitals as operators struggle to add capacity fast enough to meet demand. The city ranked seventh out of 18 in the continent for median download speed in 2021, but traffic has since expanded faster than available capacity. Other metropolises have improved; London now has the slowest speeds and the highest latency under load, according to mobile network testing firm Ookla.

The Register 25m ago

Germany news: Siemens warns on AI eliminating entry-level jobs

Germany news: Siemens warns on AI eliminating entry-level jobs October 20, 2026What you need to know - Entry-level jobs involving routine tasks often left to artificial intelligence (AI) are still vital for young people to learn basic skills, according to Siemens - Chancellor Merz is hosting an investment summit in Berlin, with AI a main focus This is a round-up of top stories from and about Germany on Tuesday, October 20, 2026: Tired of missing our real-time updates? Click here to add us as...

Deutsche Welle 34m ago

Aldi customers urged 'stop using immediately' as 'high risk' item recalled

Aldi customers urged 'stop using immediately' as 'high risk' item recalled The supermarket is providing refunds to affected customers Aldi has issued an urgent product recall notice for one of its Specialbuy items. The budget supermarket sells much more than just food and drink thanks to its special offers. Its middle aisles are often filled with products ranging from toys to camping equipment, home décor and appliances.

Daily Mirror 40m ago