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AI & Enterprise

Utopai raises $60 million at $1 billion valuation, plans three feature-length AI films in theaters next year

AI film startup Utopai Studio has raised $60 million at a $1 billion valuation. A source close to the company said it has also received follow-on investment offers valuing it at $2 billion to $3 billion. Utopai is working on about 20 AI video projects, including two TV series and three feature-length films set for theatrical release next year, with plans to open in about 3,000 North American theaters.

AI & Enterprise

Ncorea wins GS certification for AI data governance automation solution

Ncorea said on Tuesday its AI-based data governance automation solution META# AI (AIMetaXSuite V7.0) received a first-grade GS (Good Software) certification from the Telecommunications Technology Association of Korea. The company said the product analyses databases, business documents, source code and metadata to automate data standardisation and model updating, supporting improved data quality and management efficiency. It also provides functions such as automated standard dictionary building and metadata management system integration.

AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.