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AI & Enterprise

Big AI strikes back against open source as Nvidia targets AI development leadership

OpenAI and Anthropic are rolling out new AI models as open-source rivals press them on cost efficiency. Meta also unveiled its Muse Spark 1.3 large language model, saying it has narrowed performance gaps with major AI companies. Separately, interest in open-source AI is growing after Nvidia officially announced it would acquire open-source model-sharing platform Hugging Face for $12.9 billion. The article also rounds up moves by Google, Perplexity, Adobe and others, plus domestic developments and funding news.

AI & Enterprise

MegazoneCloud raises pre-IPO investment from Neowiz Partners

MegazoneCloud, an AI and cloud company, said on Tuesday it signed an investment agreement with Neowiz Partners, an investment-focused subsidiary of Neowiz Holdings. The investment is a pre-IPO stake purchase in ordinary shares with no conditions, it said. MegazoneCloud plans to use the funds for future growth businesses including AI and security. The company cited past funding rounds and said it is stepping up preparations for a listing.

AI & Enterprise

Megazone to support Hanmi Science AX in AI-based work innovation partnership

Megazone, the parent company of AI and cloud firm MegazoneCloud, agreed to cooperate with Hanmi Science to strengthen the company’s overall digital innovation capabilities, it said on Sunday. Under the deal, the two sides plan to jointly pursue AX-based work innovation tasks, cooperation to enhance digital transformation capabilities and other AI and digital innovation initiatives. They also plan to form a working-level consultative body to identify projects and review execution plans.