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AI & Enterprise

Global companies step up push into South Korea\'s sovereign AI market

Global AI companies are accelerating efforts to target South Korea’s sovereign AI market, focused on AI infrastructure controllable by governments and enterprises. Palantir held a second pop-up event in Korea, while Mistral began hiring in Seoul and Cohere outlined plans to set up local entities and double Asia-Pacific staff by year-end. The article also rounds up moves by OpenAI, Anthropic, Meta, Salesforce and others, including models, acquisitions, investments and cloud and AI agent infrastructure tools.

AI & Enterprise

Daytona raises funding at $1 billion valuation, says AI agents need cloud built for them

AI agent-focused cloud startup Daytona has reached unicorn status after securing a $1 billion valuation, TechCrunch reported on Oct. 23. The company raised $60 million in a Series B round led by FirstMark Growth, which also led a $24 million Series A in February. Total funding rose to $91 million. Founders and executives of tech firms joined as angel investors, alongside Qualcomm Ventures, Samsung Next and Octa Ventures.

AI & Enterprise

Flapping Airplanes says megakernel that keeps GPUs busy boosts AI training efficiency

Flapping Airplanes, a one-year-old AI startup, raised a $1 billion Series A round, TechCrunch reported. Index and Lux co-led the investment, and the company was reported to be valued at $6 billion. The startup launched nine months ago after a $180 million seed round from GV, Sequoia and Index at a $1.5 billion valuation. Existing backers including Sequoia, GV and Kleiner Perkins joined, and Nvidia also invested.