South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and […]
In Seoul summit, heads of states and companies commit to AI safety
Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field, and establish an international safety research network. Nearly six months […]
Samsung Dunks On Apple’s Crushing iPad Commercial Fiasco
Every now and then a corporation is at least a bit funny when going about their late-stage capitalism. For instance, Samsung has released an absolutely perfect diss-ad response to Apple’s recent crushing PR disaster.
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AI chip startup DEEPX secures $80M Series C at a $529M valuation
DEEPX is a South Korean on-device AI chip (NPU, or neural processing unit) startup that makes hardware and software for various AI applications in electronic devices. The company […]
Samsung Medison to acquire French AI ultrasound startup Sonio for $92.7M
Samsung Medison, a medical device unit of Samsung Electronics that specializes in developing diagnostic imaging devices, said on Wednesday it plans to acquire Sonio, a Paris-based startup that […]
Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and […]
Meta’s Zuckerberg woos big tech in Asia to double down on AI chips
Meta CEO Mark Zuckerberg, who is touring Asia countries this week, said in a meeting with South Korean President Yoon Suk Yeol on Thursday that Meta wants to […]
Samsung chief Jay Y. Lee acquitted in 2015 merger case
Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung […]
Rebellions lands $124M to develop its new AI Rebel chip with Samsung
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its […]
South Korea to launch digital currency pilot with 100,000 residents next year
The Bank of Korea (BOK) rolled out details on its pilot program for its retail central bank digital currency (CBDC), stating that 100,000 selected Korean citizens will join […]