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AI & Enterprise

South Korea's AI full-stack push into Saudi Arabia gains pace with Aramco Digital MOU

South Korea's Ministry of Science and ICT and the Korea Artificial Intelligence Software Industry Association (KOSA) said on Feb. 2 they signed an AI full-stack cooperation MOU between Aramco Digital and seven South Korean AI companies. The agreement was signed on Feb. 1 at Aramco Digital's headquarters in Dammam. The partnership brings together AI semiconductors, models and infrastructure as a Korean AI full-stack package for practical market entry.

Telecommunications & Media

Private equity fund backing SpaceX sees 201 percent surge in inflows

Kevin Moss, who runs a private equity fund that offers early investment access to unlisted technology companies, is drawing attention for making Elon Musk's space company SpaceX a key holding. The roughly $1.1 billion fund had about $151 million invested in SpaceX as of December, its largest position. As SpaceX listing speculation grew, inflows to the fund surged 201 percent over a year, even as investors receive limited detail on valuations and contributions.

Finance

IBK Industrial Bank of Korea signs business agreement with GS Retail

IBK Industrial Bank of Korea said it signed a business cooperation agreement with GS Retail on Jan. 30 to pursue mutual cooperation and joint development. The two companies plan to work on platform promotion, charitable donation activities and identifying cooperative projects. IBK will provide a preferential coupon for its IBK D-day savings product via GS Retail’s Our Neighborhood GS app. They also plan donations tied to coupon issuance.