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Industry
LG Electronics cooling distribution unit wins Nvidia quality certification, first in Korea
LG Electronics said it has obtained final quality certification from Nvidia for its 600-kW coolant distribution unit (CDU) for AI data centres, the first South Korean company to do so. The CDU circulates coolant to cold plates attached to GPUs and CPUs to absorb heat. The company said it will expand Nvidia certification across higher-capacity CDU models and broaden its data-centre thermal management portfolio from chillers to cold plates.
Industry
South Korea science ministry breaks ground on Korea New Light Accelerator, aims for 2029 completion
South Korea's Ministry of Science and ICT and the Korea Basic Science Institute on July 27 held a groundbreaking ceremony for the Korea New Light Accelerator in Ochang, Cheongju. The fourth-generation circular synchrotron will use radiation generated by accelerating electrons close to the speed of light to analyse materials at the atomic level. The ministry plans to invest 1.16 trillion won, aiming to complete the project by end-2029, with KBSI overseeing construction.
AI & Enterprise
LG CNS joins global AI materials alliance, backs AX for South Korean firms
LG CNS said on July 27 it was selected as a founding member of the AI Materials Foundry, a global materials development collaboration led by British AI startup CuspAI. The alliance includes 48 companies and research institutes including Nvidia, Meta, AMD, 3M and Merck. LG CNS will oversee the platform’s introduction and operations in South Korea, supporting data integration, result interpretation, and platform deployment and maintenance for firms developing new materials.
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Mobility
Tesla finalises $2 billion AI hardware acquisition, keeps target undisclosed
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AI & Enterprise
Armstrong backs open-weight AI, responds to Huang's first X post
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Finance
KB Financial to expand investment in advanced industries with 150 billion won unicorn fund
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Games & Commerce
Pearl Abyss' Crimson Desert ranks No.1 in Steam revenue among new IPs released this year
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Industry
Woowa Brothers renews ISO 37301 compliance management certification
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Finance
K Bank launches 'AI transfer' for sentence- and voice-based remittances
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AI & Enterprise
Hecto Group steps up Hecto Academy in-house growth platform to share AI and global industry insights
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Crypto
NHN KCP joins Project Hangang phase 2 with Shinhan Bank
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Crypto
Musk's 'former trillionaire' joke draws Zhao's 'pre-rich' quip
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Games & Commerce
AXZ changes name to Daum, steps up shift to AI portal
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Crypto
Coinbase CEO says bitcoin not under immediate quantum threat but preparations should speed up
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Crypto
Shiba Inu lead ambassador Shytoshi Kusama silent for 74 days, community watches for update
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Finance
Samsung Asset Management FunETF expands information to 5,500 U.S.-listed ETFs
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Crypto
U.S., UK listed companies sell bitcoin to repay $31.7 million in debt
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Crypto
Strategy says it can cover interest and dividends even if bitcoin falls for six straight years