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Games & Commerce

Snap alumni launch early-stage AI fund targeting next-generation social media

About 20 people with backgrounds at Snap have formed an early-stage investment fund called Ghost Angels aimed at next-generation social media. TechCrunch reported the fund has already invested in at least five companies and plans to deploy remaining capital into more than 15 companies over the next year. The fund did not disclose its size. It targets pre-seed to seed AI startups in social media and consumer sectors.

AI & Enterprise

Cryptolab, KT to co-develop encrypted AI solution to automate medical insurance review

Cryptolab said on May 28 it signed a joint research and development agreement with KT to develop a medical multimodal agentic AI solution based on AI security technology. The companies aim to build a medical AI infrastructure that lets AI agents analyze and infer without exposing patient data externally by combining KT\'s security cloud infrastructure with Cryptolab\'s homomorphic encryption-based generative AI security middleware. They plan to develop a multimodal AI agent to support hospitals\' pre-review of insurance claims.

AI & Enterprise

AI talent is the competitive edge as Korean startups push companywide AI use

Korean startups are accelerating efforts to become AI-native organisations, moving beyond AI transformation to embed AI across their operations. Channel Corporation is providing unlimited Claude Code tokens to all staff and says AI-driven automation is spreading across roles. HwaHae Global has built an AI data analysis assistant that answers Slack queries and reduces repetitive analysis work. MyRealTrip is expanding internal AI support and programmes to roll out AI in services and workflows.