Kate Park
LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform.
The new funding comes nearly a year after LineNext released its browser-only beta service —...
South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina Chung, who had been running the company’s venture arm, is moving to the top role at the...
The increasing need to reduce carbon emissions drives many industries, including airlines and transportation, to seek sustainable alternatives to meet emission reduction targets and fulfill corporate social responsibility commitments. One of the solutions is sustainable aviation fuel (SAF), which can reduce greenhouse gas emissions by up to 80% compared to...
Many companies already use generative AI tools, like OpenAI’s ChatGPT, which can help improve workers’ performance by as much as 40% compared with workers who don’t use it. However, only businesses with large engineering teams can build their own AI workforces. An Australia-based startup, Relevance AI, wants to help companies...
ByteDance’s TikTok will take a 75.01% controlling stake in a joint venture entity formed in partnership with GoTo’s e-commerce unit Tokopedia, the two tech firms announced on Monday.
TikTok will invest $1.5 billion in the combined entity over time “to provide future funding required by the business, without any...
Just a few days after OpenAI’s developer event, Samsung unveiled its own generative AI model, Samsung Gauss, at the Samsung AI Forum 2023.
Samsung Gauss, developed by the tech giant’s research unit Samsung Research, consists of three tools: Samsung Gauss Language, Samsung Gauss Code and Samsung Gauss Image.
Samsung Gauss Language is...
Advanced Micro Devices (AMD) and Korean telco KT are among the investors of Moreh, which builds an AI software tool that optimizes and creates AI models. The Santa Clara- and Seoul-based startup said it has raised a $22 million Series B round, bringing its total raised to $30 million.
Moreh...
The central processing unit (CPU) and the graphics processing unit (GPU) handle different types of data. The CPU is used in almost all devices including computers, cellphones, tablets, smartwatches and TVs. It deals with processing general information on the device, making sure software is running correctly. While the...
Investing apps help anyone access the stock market to make trades. Alpaca, a San Mateo-based startup, offers stock and crypto brokerage trading services via API that enables investing fintech companies and others to embed this functionality into their apps. Today, the startup announced it has secured $15 million...
South Korea’s telecommunication regulator, the Korea Communications Commission (KCC), said Friday that it plans to levy fines on Google and Apple, which could total up to $50.5 million, for violating the country’s in-app payment law.
According to the KCC statement, the two Big Tech giants abused market dominance to...
