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Government to speculate 11 billion won in super AI utilization support project in 2024

The Presidential Digital Platform Government Committee (Chairman Koh Jin) and the Ministry of Science and ICT (Minister Lee Jong-ho) are utilizing super AI to support government ministries, agencies, local governments, and personal firms to...

Upstage attracts Series B investment value 100 billion won

Upstage succeeded in attracting unprecedented investment and entered the ranks of potential unicorn corporations. Upstage (CEO Kim Seong-hoon), a specialist in artificial intelligence (AI), announced on the sixteenth that it had attracted Series B investment...

Samsung secures as much as $7 billion in U.S. government semiconductor support… third largest after Intel and TSMC

Samsung Electronics is predicted to receive as much as $7 billion (about 9.5 trillion won) in semiconductor subsidies from the U.S. government. That is the third largest after Intel and TSMC. Reuters reported on...

Launch of 'AI Strategy Highest Level Council'… “Invest KRW 700 billion in AI expansion”

Ministry of Science and ICT launches 'AI Strategy Highest Threat Council'... Investing greater than KRW 700 billion in AI expansion The federal government announced that it can invest a complete of KRW 710.2 billion...

Cima attracts KRW 100 billion in investment with ‘multimodal’ edge AI chip

Riding the sting artificial intelligence (AI) boom, startup Cima attracted large-scale investment. Based on this, the plan is to hurry up the event of multimodal edge AI chips. TechCrunch reported on the 4th (local...

Lambda receives 650 billion won in loan using ‘H100’ GPU as collateral

Cloud company Lambda received a loan using its NVIDIA GPUs as collateral, making it a hot topic. The loan amount amounts to a whopping $500 million (about 650 billion won). Reuters reported on...

LG Electronics strategically invests KRW 80 billion in Bear Robotics…”Focuses on upgrading robot business”

LG Electronics (CEO Jo Joo-wan) made a strategic investment price $60 million (about KRW 80 billion) and bought a stake in Bear Robotics, a man-made intelligence (AI)-based self-driving service robot startup headquartered in Redwood...

Gwangju, 'AI 2nd fund' formed with KRW 117.9 billion

Gwangju, a representative city of artificial intelligence (AI), has established a man-made intelligence investment fund of 117.9 billion won for the primary time in 4 years and is looking for to support local artificial...

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