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AI & Enterprise

Jensen Huang wraps up South Korea visit, stresses physical AI cooperation and startup support

Nvidia CEO Jensen Huang attended a \"Korea AI Ecosystem Reception\" on June 8 to wrap up a five-day visit, saying South Korea is unmatched in heavy industry, manufacturing, electronics and AI software and that hundreds of billions of dollars in revenue would flow into the country over the next five years. He urged venture capitalists and the government to support AI startups and highlighted physical AI cooperation. Deputy Prime Minister Bae Kyung-hoon cited plans on next-generation accelerators, GTC Korea and GPU price talks.

AI & Enterprise

Crowdworks joins shipbuilding AI foundation model project

AI technology company Crowdworks said on April 14 it has joined a consortium led by the Ulsan National Institute of Science and Technology (UNIST) and was selected as a participating organisation for a project to develop a large-scale industrial AI system for shipbuilding. The initiative is backed by the Ministry of Science and ICT and the Institute of Information & Communications Technology Planning & Evaluation (IITP). The 40.3 billion won project runs through 2030.

AI & Enterprise

Kakao Group to set up \'Kakao AI Sail\' with four science and technology institutes, using 50 billion won fund

Kakao Group will set up a new body, dubbed \'Kakao AI Sail\', with four national science and technology institutes to foster regional artificial intelligence talent and companies. The group signed an MOU in Daejeon on Monday with KAIST, GIST, DGIST and UNIST in the presence of Science and ICT Minister Bae Kyung-hoon. The initiative will use a 50 billion won AI development fund announced in September and aims to build AI ecosystems outside the Seoul area and promote industrialisation.