SEOUL, May 2 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has invested 1 billion won (US$934,000) in the South Korean startup Acryl, which specializes in the development of artificial intelligence technologies. Under the deal, LG acquired a 10 percent stake, or 336,000 shares in the venture firm. Established in 2011, Acryl focuses [...]
PALO ALTO, Calif., Apr. 26 (Korea Bizwire) — Jumio Corporation, the leading AI-powered trusted identity as a service, today announced the best sales quarter in company history. Led by strong sales in telecom, financial services and the sharing economy, Jumio grew Q1 2018 sales of its Netverify® solution by more than 400 percent compared to [...]
SEOUL, Apr. 16 (Korea Bizwire) — SK Holdings Co. on Monday showcased a new human resources solution that utilizes artificial intelligence (AI) technology, allowing clients to simplify the process of reviewing resumes. The company said the program, “Aibril HR,” will be utilized by the local recruitment service provider Scout. Under the cooperation, the two companies [...]
SEOUL, Apr. 13 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. said Friday it has opened a research center specializing in artificial intelligence (AI) technology with Hong Kong University of Science and Technology (HKUST). The South Korean company said the research center, dubbed NAVER/LINE-HKUST AI Laboratory, will operate in Hong Kong and carry [...]
SEOUL, Apr. 10 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will showcase its new flagship smartphone, the LG G7 ThinQ, in early May, which will come with improved artificial intelligence (AI) features. The smartphone will be introduced in New York, the United States, on May 2, followed by another launch event in Seoul [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korea’s major security and safety solutions providers are making inroads into the integrated security services market with enhanced Internet security solutions combined with physical security, industry sources said Tuesday. The trend is in line with rising demand for better service and rapid growth of the information security market [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korean retail giant Lotte said Monday it will use artificial intelligence (AI) platform to review cover letters to find best candidates for its job positions as part of its efforts to boost accuracy and fairness in the hiring process. The system will be partly adopted for the recruitment [...]
SAN JOSE, Calif., Feb. 7 (Korea Bizwire) — Cadence Design Systems, Inc. (NASDAQ:CDNS) and NetSpeed Systems Inc. announced today a collaboration that enables highly optimized and validated interconnect IP solutions for customers developing advanced SoCs for AI and autonomous driving applications. Cadence’s Interconnect Workbench will now include support for performance analysis of NetSpeed IP to give [...]
SEOUL, JAN. 31 (Korea Bizwire) — A life-like AI robot captivated a South Korean audience at a technology conference on Tuesday in Seoul with its convincing appearance and proficient communication skills. Sophia, the world’s first artificial intelligence robot, made a first public appearance in South Korea yesterday at a forum held by the Artificial Intelligence Industry [...]
SAN JOSE, Calif., Jan. 30 (Korea Bizwire) — NetSpeed Systems, Inc. today announced that Horizon Robotics has licensed NetSpeed Orion and Gemini Interconnect IP for use in its industry-leading artificial intelligence (AI) chips for embedded AI applications such as autonomous driving and smart cameras. AI applications rely on extensive computing resources to emulate human intelligence [...]