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Industry
Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion
Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.
Telecommunications & Media
LG U+ to join Frieze Seoul as official partner, expand everyday art experiences
LG U+ will participate as an official partner of Frieze Seoul 2026, presenting a media art exhibition and a lounge for U+ customers. The company said it will operate a VIP lounge at the event through Sept. 5 at COEX in Seoul and partner the new Material Practice section. It will also reveal a new direction for its U+ culture space reopening on Sept. 16, including AI-based services such as an AI docent.
Industry
Samsung Electronics provides 3 billion won to support flood recovery in Gyeongsang
Samsung donated 3 billion won to support residents in areas hit by torrential rains, including Geoje and Tongyeong in South Gyeongsang and Andong and Uiseong in North Gyeongsang, it said on Aug. 28. Nine affiliates joined the donation. Separately, Samsung will provide 1,000 emergency relief kits and 300 tent-type disaster relief shelters via the Korean Red Cross. Samsung Card will offer payment deferrals, interest reductions and loan maturity extensions for affected customers.
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Industry
LG Innotek hosts Inno Connect in Los Angeles to recruit physical AI talent
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Mobility
Waymo unveils in-house 5 nm autonomous driving chip, keeps Nvidia and AMD ties
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Telecommunications & Media
Waymo robotaxi stockpile hits 953, with 684 ready for deployment
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Mobility
Tesla plans 124 V4 Superchargers in south San Francisco
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Mobility
Ford to launch sub-$30,000 electric pickup Fathom in 2027, take on Tesla
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Mobility
Waymo opens Dallas robotaxi service to all users
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Telecommunications & Media
LG Uplus to expand everyday benefits from roaming to tourism
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Mobility
Waymo robotaxi resumes highway routes
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Industry
Musk says Tesla Semi self-driving is not a priority
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Crypto
Trump fourth-term joke followed by $16.91 million TRUMP token transfer to exchanges
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AI & Enterprise
Nvidia revises DLSS 5 after criticism over distorted faces
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Games & Commerce
Nexon Games speeds up new release schedule, steps up second-half lineup
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Telecommunications & Media
Meta social media addiction lawsuit dropped
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Games & Commerce
Smilegate makes mark with new titles at Anime Expo, \'Miraesee\' draws 3-hour queues
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Finance
Woori Bank issues foreign currency bonds directly at overseas branches, raises $275 million