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AI & Enterprise

Armstrong backs open-weight AI, responds to Huang\'s first X post

Coinbase CEO Brian Armstrong publicly voiced support for open-weight artificial intelligence models, responding to Nvidia CEO Jensen Huang\'s first post on X, blockchain outlet U.Today reported on July 24. Armstrong said open-weight models can outperform closed frontier models for internal corporate work when fine-tuned with company data. Huang’s open letter, backed by major tech firms, argued open-weight AI broadens access and strengthens U.S. leadership while acknowledging misuse risks.

AI & Enterprise

K-AI chips put to the test as global AI startups step up push into South Korea

South Korean neural processing unit makers are teaming up with domestic cloud companies to target the AI inference market, testing whether they can secure a foothold beyond Nvidia’s barriers. Samsung SDS launched an NPU-as-a-service offering on its Samsung Cloud Platform based on FuriosaAI’s second-generation chip. Rebellions is also partnering with KT Cloud and Gabia. Foreign AI startups are stepping up moves into Korea, including Genspark and China’s Kling AI.

Industry

SK $500 billion, Samsung $200 billion: global AI deals unveiled

Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.