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Search results for World Foundation

Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

AI & Enterprise

Government steps up drive for physical AI full stack localisation

The government plans to localise physical AI full stack technology and expand its applications to manufacturing, agriculture, defence and caregiving. The Ministry of Science and ICT unveiled a strategy to build a cross-government data collection and use system and develop key technologies such as physical AI foundation models and world models. It also plans to develop specialised devices, networks, security and AI chip-based computing platforms, and to support investment, talent and standards and certification systems.

Games & Commerce

Jensen Huang calls Naver a global AI developer, expands AI cloud and robotics cooperation

Nvidia CEO Jensen Huang (젠슨 황) named Naver a key partner for expanding AI cloud in South Korea and globally, broadening cooperation beyond GPU supply to open AI model development, large-scale AI cloud and robotics. He outlined three areas: open frontier models through the Nemotron consortium, building a 200-megawatt AI factory with plans to expand to gigawatt scale, and advancing robotics. Naver chair Lee Hae-jin (이해진) said Naver is prepared to meet rising GPU and AI demand.