MiniMax formally launched its next-generation Flash model, M3.1 Flash.

Seoul-based data-center infrastructure and cloud-services provider Elice Inc. will list on the KOSDAQ on Tuesday, seeking KRW 201 bln (≈$151m) in what would be the exchange’s largest IPO so far this year. The company priced the offering at KRW 90,500 per share — at the top of the marketed range — implying a post-listing market value above KRW 1 tln. The deal follows peer Firmus’s withdrawal of a high-profile IPO earlier this month and will be watched for demand from AI-focused investors.

Saudi Arabia’s Civil Defense said on the 18th a projectile launched by Yemen’s Houthi group landed in a residential area of Najran in the kingdom’s southwest, injuring six Saudi citizens and damaging three houses and three cars. Saudi forces and Houthi fighters have recently stepped up reciprocal strikes, and clashes between Houthi forces and Yemen government troops have intensified on multiple fronts.