Artificial Intelligence Archives | Be Korea-savvy
Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday declared that it will make investments worth a whopping 180 trillion won (US$160 billion) over the next three years, seeking to effectively overcome various challenges to its business and its relationship with a government that has maintained a tough stance on family-controlled firms. The [...]

LG Electronics Opens First Overseas AI Research Lab

LG Electronics Opens First Overseas AI Research Lab

SEOUL, Aug. 1 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has opened its first overseas research center devoted solely to the development of artificial intelligence (AI) technologies. The South Korean tech giant said the Toronto AI Lab in Canada will carry out various research through cooperation with the University of Toronto starting from [...]

Chatbots in Banking Unable to Offer Full Personal Data Protection: Watchdog

Chatbots in Banking Unable to Offer Full Personal Data Protection: Watchdog

SEOUL, Jul. 31 (Korea Bizwire) — Banks and other financial institutions that increasingly rely on chatbots to interact with customers are vulnerable to breaches of personal data protection, the financial watchdog said Tuesday. A chatbot is a computer program or artificial intelligence that is used in various business sectors, enabling customers to communicate with firms [...]

Naver to Launch AI-Based Music Service

Naver to Launch AI-Based Music Service

SEOUL, Jun. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., said Monday that it will launch a music recommendation service that uses artificial intelligence (AI). The service, called VIBE, makes recommendations according to each user’s music preferences and patterns, Naver said. The service collects data that is then used to improve recommendations [...]

NetSpeed and Esperanto Partner to Power SoCs for Artificial Intelligence

NetSpeed and Esperanto Partner to Power SoCs for Artificial Intelligence

SAN JOSE, Calif., May 7 (Korea Bizwire) — NetSpeed Systems and Esperanto Technologies today announced that Esperanto has licensed NetSpeed’s IP and intelligent design environment for its Supercomputer-on-a-Chip for Artificial Intelligence (AI) applications. Esperanto’s 7nm chip will integrate thousands of RISC-V compatible processors each with vector/tensor accelerators and all connected with NetSpeed’s NoC IP. AI [...]

South Korean Bourse Taps Artificial Intelligence

South Korean Bourse Taps Artificial Intelligence

SEOUL, May 4 (Korea Bizwire) — The Korea Exchange announced Thursday that it has initiated a new market surveillance system based on artificial intelligence. The main bourse operator said the construction of the new system, EXIGHT, was complete and a kickoff celebration was held the same day. EXIGHT is a portmanteau of the words “exchange” [...]

LG Acquires Shares in S. Korean AI Startup Acryl

LG Acquires Shares in S. Korean AI Startup Acryl

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 [...]

Naver Opens AI Research Lab with HKUST

Naver Opens AI Research Lab with HKUST

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 [...]