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Cohere Gets a $500 Million Boost, More Than Doubles in Value to $5.5 billion

Canadian AI startup Cohere has secured a large $500 million in its latest funding round. This substantial investment solidifies Cohere's position as a serious player within the enterprise AI market.Founded in 2019 by ex-Google...

Simsys Global Attracts 3 Billion Investments with Digital Twin Technology

Simsys Global (CEO Kim Yun-je), a digital twin specialist, announced on the twenty seventh that it had attracted 3 billion won in Series A investment from enterprise capital firms including Hana Securities and iTrust...

Innatera Secures $21M to Drive Neuromorphic AI to 1 Billion Devices by 2030

Innatera, the trailblazer in ultra-low power neuromorphic processors, has announced the successful closure of an oversubscribed Series A funding round, attracting a cumulative $21 million. This substantial investment includes the initial $16 million secured...

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...

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