ai chips South Korean Startup Rebellions Secures $400M to Rival Nvidia in AI Inference Samsung-backed AI chip startup Rebellions raises $400 million at a $2.34 billion valuation to focus specifically on AI inference. The company plans to use the funding to expand into the U.S. market and scale production of its Rebel100 platform.
south korea South Korea's Unified AI Law Faces Risk From Rigid Regulations South Korea pioneers a unified AI law combining strategy, promotion, and regulation, but overly strict compliance rules threaten to undermine its global competitiveness.
samsung Samsung Acquires Major Stake in Rainbow Robotics to Accelerate Humanoid Development Samsung Electronics invests $181 million to increase its ownership of Rainbow Robotics to 35%, making the South Korean maker a subsidiary. The deal establishes a new robotics office and pushes Samsung into the competitive humanoid robot market.
kakao Kakao Co-CEO Resigns Following Massive Data Center Fire Outage Kakao co-CEO Whon Namkoong steps down after a fire at an SK C&C data center knocks out major services for millions of South Koreans. The company pledges hundreds of millions to build its own server infrastructure.
do kwon South Korean Court Issues Arrest Warrant for Terraform Labs Founder Do Kwon South Korean authorities issue an arrest warrant for Do Kwon and five others over alleged capital market violations following the $40 billion collapse of the Terra crypto ecosystem. The news causes a sharp drop in the value of the revived LUNA token.
facebook Teens Abandon Facebook While Twilio Faces Major Phishing Hack A new Pew study shows teen usage of Facebook drops to just 32% as young users flock to TikTok and YouTube. Meanwhile, Twilio suffers a massive SMS phishing attack compromising employee credentials.
facebook Teens Abandon Facebook as Twilio Faces Major Phishing Attack A new Pew study shows teen usage of Facebook drops from 71% to just 32% since 2014. Meanwhile, Twilio suffers a security breach impacting 125 customers after employees fall victim to an SMS phishing scam.
samsung South Korea Pardons Samsung Leader Lee Jae-yong, Clearing Path to Formal Role South Korean President Yoon Suk-yeol grants a special pardon to Samsung's de facto leader Lee Jae-yong, lifting a five-year employment ban tied to a bribery conviction. The move allows the billionaire to officially guide the tech giant as the company focuses on new investments.
samsung South Korea Pardons Samsung Leader Lee Jae-yong, Clearing Path to Formal Control South Korean President Yoon Suk-yeol grants a special pardon to Samsung's de facto leader Lee Jae-yong, lifting a five-year employment ban tied to his bribery conviction. The move allows the billionaire to officially resume his duties at the tech giant ahead of the country's Liberation Day.
solana Solana Backs South Korean Web3 Startups With $100M Fund Solana Ventures and the Solana Foundation create a $100 million fund to invest in South Korean web3 startups, with a strong focus on gaming and DeFi.
south korea South Korea's Unusual Alliances Push Air Taxis Toward Early Commercialization Unlikely partnerships between telecom companies, ride-sharing platforms, and automakers are fast-tracking South Korea's urban air mobility industry. The government-backed initiative aims to beat other nations in launching commercial air taxi services by 2025.
ai chips South Korean AI Chip Startup Rebellions Raises $50M to Challenge Intel Rebellions secures $50 million in an oversubscribed Series A round led by Temasek's Pavilion Capital to mass-produce its ATOM chip and expand into the US market. The startup claims its ION chip already outperforms Intel's AI hardware in high-frequency trading environments.
samsung South Korean Carriers Halt Galaxy S20 Launch Events Due to Coronavirus South Korean telecom carriers are canceling their in-person Galaxy S20 launch events as a precaution against the spreading coronavirus outbreak.
coronavirus Coronavirus Spreads Rapidly Across Asia, Europe, and Middle East The novel coronavirus expands its global footprint with major spikes in South Korea and Italy, while Iran reports its first fatalities and the WHO warns the window for containment is narrowing.
coronavirus Coronavirus Spreads Rapidly Across Asia, Europe, and the Middle East The novel coronavirus continues its global expansion with significant new outbreaks in South Korea, Italy, and Iran. World Health Organization officials warn that the window to contain the virus is rapidly narrowing.