SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has developed an artificial intelligence (AI) processor-embedded high bandwidth memory (HBM) chip that boasts low energy consumption and enhanced performance. Using processing-in-memory (PIM) technology, the South Korean tech giant said it integrated AI engines onto its HBM2 Aquabolt, becoming the first in the [...]
SEOUL, Feb. 17 (Korea Bizwire) — SK Telecom Co., the country’s largest mobile carrier, said Wednesday it joined hands with its security subsidiary ADT Caps Co. and local video management solution company Innodep Inc. to develop artificial intelligence (AI)-based video analysis services. Under an agreement, the three companies will develop such services to effectively manage [...]
DAEJEON, Feb. 17 (Korea Bizwire) — The Korean Intellectual Property Office (KIPO) has developed an artificial intelligence (AI)-based trademark and design image search system and started using it for trademark and design examinations on Monday. Thus far, the patent office’s trademark and design reviewers had to rely on their naked eyes when browsing thousands of [...]
SEOUL, Feb. 16 (Korea Bizwire) — Artificial intelligence (AI) and machine learning technology are altering the landscape of the banking industry. This year, Shinhan Bank has set out on building infrastructure for ‘digital innovation banks’ where customer services will be replaced with AI technology. These offices will replace staff with AI bankers, who will be [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean mobile carriers are expanding services integrated with artificial intelligence (AI) technology as they shift focus from telecommunications to find new growth drivers. Last week telecom giant KT Corp. joined hands with Hyundai Home Shopping Network Corp. to establish an AI call center at the retail company’s headquarters [...]
SEOUL, Feb. 2 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics firm, announced on Monday the launch of the CJ Logistics Cargo Tracking system that uses artificial intelligence (AI) technology to accurately calculate the arrival time of a cargo vessel. This system calculates vessels’ arrival time at ports by applying 18 machine [...]
SAN MATEO, Calif. and SAO PAULO, Brazil, Jan. 19 (Korea Bizwire) – BTG Pactual, the largest investment bank in Latin America, which has just launched its new retail bank BTG+, and Feedzai, the world’s leading financial crime management platform, just announced a partnership that will strengthen the bank’s ability to monitor financial transactions using advanced machine learning. [...]
SEJONG, Jan. 15 (Korea Bizwire) — Artificial intelligence (AI) will have replaced more than half of all business workforce and tasks in 20 years, a state-run think tank said Thursday. The Korea Development Institute conducted a survey of 1,000 businesses employing more than 20 workers, both large and small, many of which expected that AI [...]
SEOUL, Jan. 15 (Korea Bizwire) — Seoul’s southeastern Songpa district said Thursday it will collect and sort cans and plastic bottles automatically using artificial intelligence (AI)-based resource circulation and collection robots. The district office will install a couple of such robots within its district. The AI-based robots will automatically sort, compress and store cans and [...]
SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Engineering & Construction Co., a leading South Korean builder, said Monday it will make an equity investment in a local start-up specializing in artificial intelligence (AI)-based 3D design solution, as part of efforts to preemptively introduce smart construction technology. TENELEVEN Inc., founded in 2014, is a start-up with [...]