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Archive by category AI & Big Data

Break Down of South Korea’s Ambitious Initiatives to Lead in Cutting-Edge Technologies

SEOUL, April 25 (Korea Bizwire) – South Korea’s government has finalized its blueprint to establish global leadership in three pivotal areas it deems “game changers” for the future: artificial intelligence semiconductors, advanced biotechnology and quantum technology. The Presidential Advisory Council on Science & Technology, the nation’s top decision-making body for science and technology issues chaired by [...]

South Korea to Pursue Global Dominance in AI Chip, Advanced Bio, and Quantum Technologies, States Government

SEOUL, April 25 (Korea Bizwire) — South Korea will launch an initiative to become one of three leading nations in the so-called game-changer industries that include artificial intelligence (AI) chip, advanced biology and quantum technologies by 2030, the science ministry said Thursday. The Presidential Advisory Council on Science & Technology held a meeting and decided [...]

SK Hynix Returns to Profit in Q1 on Solid Demand for AI Chips

SEOUL, Apr. 25 (Korea Bizwire) — SK hynix Inc. said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing. The world’s second-largest memory chipmaker posted an operating profit of 2.88 trillion won (US$2.09 [...]

S. Korea Donates AI Medical Image Analysis System to UAE

SEOUL, Apr. 22 (Korea Bizwire) — South Korea has donated an advanced medical imaging analysis system to a military hospital in the United Arab Emirates (UAE) to help improve its health care service, the defense ministry said Monday. The artificial intelligence (AI) powered medical image analysis system, jointly developed by the defense and ICT ministries [...]

South Korea Lags in AI Model Development Despite Human Capital Strengths

SEOUL, April 17 (Korea Bizwire) – While South Korea demonstrates robust human capital for artificial intelligence (AI) development, the country failed to produce any foundational AI models last year and is experiencing an outflow of talent to other nations, according to a new report from Stanford University’s Human-Centered Artificial Intelligence Institute (HAI). The “AI Index 2024″ [...]

World IT Show 2024 Kicks Off in Seoul

SEOUL, Apr. 17 (Korea Bizwire) — World IT Show 2024, the largest information and communications technology exhibition in South Korea, kicked off Wednesday in Seoul to showcase cutting-edge technologies of local and global companies, its organizer said. The three-day event is themed on “Innovation in everyday life, created by artificial intelligence (AI),” with 446 companies [...]

LG CNS Unveils Upgraded Enterprise AI Platform for Digital Transformation

SEOUL, Apr. 16 (Korea Bizwire) –LG CNS, a leading digital transformation company, has comprehensively enhanced its enterprise-grade generative artificial intelligence (AI) platform, which was initially launched in October of last year. The company announced on April 16 that it has added the Knowledge Lake, GenAI Image, and GenAI Talk solutions to its DAP GenAI (Generative [...]

LG Energy Solution Embraces Generative AI to Enhance Efficiency and Customer Focus

SEOUL, Apr. 15 (Korea Bizwire) — LG Energy Solution, a major battery manufacturer, announced on April 14 that it is adopting generative artificial intelligence technology across its operations to better analyze customer needs and maximize operational efficiency. One of the first AI-powered tools implemented is the “YouTube Trend Report,” which utilizes AI to analyze battery-related videos [...]

South Korea and U.S. Initiate New Bilateral AI Working Group

SEOUL, Apr. 12 (Korea Bizwire) — South Korea and the United States have launched a bilateral working group on artificial intelligence (AI) focused on boosting tech cooperation and advancing joint research, the foreign ministry said Friday. The launch of the working group was approved last December at the inaugural South Korea-U.S. Next Generation Critical and [...]

South Korea and Britain to Co-Host AI Seoul Summit in May

SEOUL, Apr. 12 (Korea Bizwire) —South Korea and Britain will jointly host a summit on artificial intelligence (AI) in May, the presidential office said Friday. The AI Seoul Summit, scheduled for May 21-22, is a follow-up to the AI Safety Summit held in England last November with the participation of countries including South Korea, the [...]