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“AI investment and profit gap is 690 trillion won per yr…Blind investment should be avoided”

In accordance with an evaluation, Big Tech's annual investment in the substitute intelligence (AI) boom is $600 billion (about 830 trillion won), but its profits are lower than $100 billion (about 138 trillion won)...

Gwangju holds ‘AI Startup Entrepreneurship Contest’… Total support of 750 million won to 10 teams

A stage was set to compete against the creative ideas and technical skills of prospective entrepreneurs who will lead the long run artificial intelligence (AI) industry. Gwangju City (Mayor Kang Ki-jung) held the 'K-Digital...

Last yr, the highest 1,000 corporations invested 72.5 trillion won in R&D… only ranked ninth globally, behind Taiwan.

The Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun) and the Korea Institute for Advancement of Technology (President Min Byeong-ju) announced on the twenty third the outcomes of an R&D investment survey of...

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...

Italy declares investment of 1.5 trillion won and Canada 2.4 trillion won in AI development

Governments in major countries all over the world are investing enormous government budgets to realize an edge within the race for artificial intelligence (AI) hegemony. The AI ​​competition, which began with the appearance...

Gwangyang provides 2 million won in wedding congratulatory money to young couples

Gwangyang City (Mayor Jeong In-hwa) announced on the third that it's implementing the 'Young Couple Marriage Celebration Fund' support program to alleviate the financial burden of young couples within the early stages of marriage...

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...

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