Search results for National AI Computing Center
Finance
Look for winners from National Growth Fund as AI, bio and secondary batteries draw interest
South Korea’s National Growth Fund is stepping up support for sovereign AI, bio and secondary battery sectors, prompting investors to search for beneficiaries. The fund has approved 11 projects through April, with cumulative approvals of about 8.4 trillion won. Beneficiary candidates cited include POSCO Future M, Dong-A Socio Holdings, Foosung, Naver and Samsung SDS. Analysts said investors should check ownership ties, business links and actual inflows of funds.
Telecommunications & Media
Vacant presidential office AI post raises questions over South Korea\'s national AI plans
South Korea\'s presidential office is left without an AI future planning secretary after former secretary Ha Jung-woo moved into politics, drawing attention to the direction of the national AI strategy. Some in the industry warn that policy continuity could be affected for key initiatives tied to the government\'s goal of becoming one of the world\'s top three AI powers. Attention is also on how quickly a successor can be found and on the role of the Ministry of Science and ICT in implementation.
AI & Enterprise
Samsung SDS says cloud is biggest share of IT services revenue, to invest 10 trillion won by 2031
Samsung SDS on Wednesday reported preliminary first-quarter revenue of 3.35 trillion won and operating profit of 78.3 billion won. Revenue fell 3.9 percent from a year earlier, while profit slid 70.8 percent after it booked a 112.0 billion won retirement benefit provision following a change in severance pay calculation standards. Cloud revenue rose 5.8 percent to 690.9 billion won, becoming the largest share within IT services.
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AI & Enterprise
Govt GPU second-round bidding draws five contenders, Coupang re-entry in focus
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AI & Enterprise
Samsung SDS to partner with KKR, pursue physical AI and stablecoin businesses
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AI & Enterprise
Science ministry, Financial Services Commission hold joint meeting on \'K-Nvidia project\'
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AI & Enterprise
Samsung SDS consortium selected as preferred bidder for National AI Computing Center
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Finance
KB Financial completes arrangement for Sinan Ui offshore wind project, first National Growth Fund investment
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AI & Enterprise
NIPA steps up national AI infrastructure expansion, adds 15,000 GPUs
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AI & Enterprise
MSIT wraps up agency briefings, steps up public communication with live disclosure
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AI & Enterprise
Samsung SDS consortium makes first official site visit to national AI computing center