Search results for LB Investment
AI & Enterprise
Neocloud market shifts as SoftBank and Meta enter
The neocloud market for AI-focused cloud computing is shifting as major players enter. SoftBank Group and its telecom unit SoftBank plan to start a neocloud business next fiscal year, renting AI computing resources to U.S. companies. Meta is also stepping up plans to use its data centres for cloud services. Nvidia is expanding support for smaller cloud firms that lease its GPUs. Big cloud companies are also building forward deployed engineer teams for enterprise AI.
AI & Enterprise
Physical AI firm Carbonsix raises $40 million in Series A funding
Carbonsix, a physical AI company targeting manufacturers, said on Wednesday it raised $40 million (60 billion won) in a Series A round from Korean and U.S. venture capital firms including DSC Investment, LB Investment, IMM, KDB, SV Investment, Cortentia and A Squared. The company develops robot AI products and automation technology that can be deployed directly at manufacturing sites. It said its approach builds a data flywheel through tool use, data accumulation and model improvement.
AI & Enterprise
South Korea government meets NPU startups to hear on fiscal investment direction for next year
South Korea’s Budget Office said it held a meeting on the direction of fiscal investment in the AI semiconductor industry after its budget chief visited FuriosaAI’s Seoul office. Officials, AI chip company executives and finance experts attended. The office is running a project to visit more than 100 sites to reflect field views in next year’s budget proposal. It plans to reflect views from the meeting in the 2027 budget plan and fiscal management plan.