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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.

Industry

SK $500 billion, Samsung $200 billion: global AI deals unveiled

Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.

AI & Enterprise

South Korea forms $9,500 billion AI alliance with global big tech, seeks 5 GW AI data centres

Major South Korean companies and global big tech firms will pursue semiconductor supply and production cooperation worth a total of $9,500 billion and build AI data centres with a combined capacity of 5 gigawatts. The Ministry of Science and ICT said it held the San Francisco AI Summit on July 24 local time with key domestic and overseas companies. It said six agreements were signed and the government will support implementation.