SEOUL, Dec. 9 (Korea Bizwire) — South Korean artificial intelligence startups are facing significant challenges, with fewer than six in ten surviving beyond three years, according to a new analysis released Sunday by the Korea Industrial Technology Association. The report examined more than 38,000 companies with in-house research institutes or dedicated R&D divisions, comparing young startups [...]
DUBAI, United Arab Emirates, Oct. 13 (Korea Bizwire) – Dubai, a major business hub of the United Arab Emirates, is committed to hosting globally competitive startups in the artificial intelligence (AI) sector, including those from South Korea, a senior official from the city’s foundation has said. Saeed Al Falasi, executive director of the Dubai Future [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday the launch of Hyundai Cradle Tel Aviv, an open innovation center, in Israel. Hyundai Cradle will begin making strategic investments in AI startups in Israel and will engage with companies possessing cutting-edge technology. Hyundai Cradle is Hyundai Motor’s third global open innovation center [...]