Cloud and AI Daily Briefing — 2026-05-02
China's Meituan has successfully developed a massive 1.6 trillion parameter AI foundation model without relying on Nvidia chips. A Dell Technologies report reveals 93% of South Korean companies are considering cloud repatriation. Meanwhile, the MSIT has announced a strategy to lead the nation's AI transformation (AX) through cross-departmental data and AI collaboration.
Cloud and AI Daily Briefing — 2026-05-02
Corporate Tech and Product Trends
China’s Meituan builds 1.6 trillion parameter AI model without Nvidia chips
Meituan, China’s leading delivery and lifestyle platform, has successfully built a massive AI model with 1.6 trillion parameters without relying on Nvidia semiconductors. Amidst tightening chip export restrictions against China, this serves as a notable example of Chinese companies securing independent AI capabilities.
Public cloud era fades? 93% of Korean firms consider cloud repatriation
According to a report released by Dell Technologies on April 30, 93% of companies in South Korea are planning for cloud repatriation. This survey data highlights a growing shift away from public cloud-only strategies toward on-premises or hybrid environments.
Snowflake completes 'AI & Data Hackathon 2026' finals
Snowflake held the final round of its 'Snowflake AI & Data Hackathon 2026' on April 29. Starting on the 17th of last month, the event involved participants building ideas using real-world data on the Snowflake platform over the course of a month.
SoftBank plans US listing for new AI/robotics firm 'Roze', eyes $100B valuation
Japan's SoftBank Group is establishing 'Roze', a new entity specializing in AI and robotics, and plans to take it public in the US. By targeting a $100 billion valuation, SoftBank aims to attract global investment through a dedicated AI and robotics-focused publicly traded company.
Google presents blueprint for AGI and scientific innovation at 'Google for Korea 2026'
At the 'Google for Korea 2026' event, Google shared its AI achievements from the 10 years following AlphaGo and laid out its vision for the AGI era. The company also announced strategies to expand the Korean AI ecosystem through new AI education brands and research hubs.
Government Policy and Public Projects
MSIT unveils strategy to lead national AI transformation (AX) with data and AI
The Ministry of Science and ICT (MSIT) has announced a plan to lead national AI transformation (AX) by fostering inter-departmental collaboration and industrial expansion based on data and AI. The plan includes specific collaborative measures for the cross-government adoption and industrial application of AI technology.
Market Insights and Key Trends
Accelerating Cloud Repatriation trend
According to the April 30 report from Dell Technologies, 93% of Korean enterprises are considering cloud repatriation, accelerating the transition from public-cloud-only strategies to hybrid or on-premises mixes. This is attributed to a complex combination of factors, including cost optimization, data sovereignty, and performance requirements.
China accelerates independent AI ecosystem amidst US chip export curbs
Meituan's success in developing a massive AI model without Nvidia chips suggests that US semiconductor export restrictions are paradoxically serving as a catalyst for Chinese firms to strengthen their independent AI chip and infrastructure capabilities. The move toward establishing a proprietary technology ecosystem in the Chinese AI industry is gaining momentum.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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