SEOUL, May 22 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong has expressed his commitment to joining the international community’s efforts for safe, innovative and inclusive artificial intelligence (AI) technology at a global summit, the company said Wednesday. “Beyond impacting industrial innovation and economic growth, AI is fundamentally changing the way we live, work [...]
SEOUL, May 22 (Korea Bizwire) — Foreign Minister Cho Tae-yul called Wednesday for concerted efforts for a “coherent” international governance framework to ensure the responsible and inclusive use of artificial intelligence (AI) amid complex ethical and economic challenges. Cho made the call during a forum held in the follow-up to Tuesday’s AI Summit, pointing out [...]
SEOUL, May 22 (Korea Bizwire) — A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The Seoul AI Business Pledge was announced by 14 companies, including Korea’s Samsung Electronics Co., Naver Corp., [...]
SEOUL, May 17 (Korea Bizwire) – Shinsegae Live Shopping, a leading home shopping platform in South Korea, has introduced an industry-first ‘AI Broadcast Summary’ service that leverages artificial intelligence to directly analyze and summarize live broadcasts, the company announced on May 16. This innovative service employs AI technology to identify key product features and points of [...]
BUCHEON, South Korea, May 14 (Korea Bizwire) — The Bucheon International Fantastic Film Festival (BIFAN) established an award category to judge films created using artificial intelligence technology, its organizer said Tuesday. The AI Film International Competition category will be added to the 28th edition of the festival, scheduled for July, according to BIFAN. This marks [...]
SEOUL, May 14 (Korea Bizwire) – Taihan Electric Wire emerged as the most actively traded stock on South Korea’s equity market on May 13, buoyed by expectations that the artificial intelligence boom will spur investment in power infrastructure to support expanding data centers. Shares of Taihan Electric Wire closed at 18,110 won on the main Kospi [...]
SAN FRANCISCO, May 13 (Korea Bizwire) – At Ridge Vineyards, a renowned winery in Cupertino offering a distant view of Apple’s headquarters, some 50 Korean AI experts gathered on May 11, lured by an LG Electronics recruiting initiative. The invitees included AI specialists working at major tech companies and startups in Silicon Valley, Seattle and Los [...]
SEOUL, Apr. 29 (Korea Bizwire) — South Korea’s telecommunications giant KT Corp. said Monday it will lead the transformation of the company’s media business by widely using its artificial intelligence capabilities and strengthening investments to spread Korean pop content in global markets. KT, the country’s No. 2 wireless carrier, said it is utilizing AI technology [...]
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 [...]
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 [...]