New Delhi, July 27 (IANS) US-based multinational technology company Nvidia is in talks to provide around $250 billion in financing guarantees to OpenAI as part of a massive artificial intelligence (AI) data centre project in the US, according to a report.As per report published in The Wall Street Journal, the proposed backing would help the ChatGPT maker lease a 10-gigawatt data centre campus being developed by SoftBank’s energy subsidiary in southern Ohio.It further showed that the project is e…
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San Francisco, July 26 (IANS) South Korean President Lee Jae Myung wrapped up a two-day visit to San Francisco aimed at promoting artificial intelligence (AI) cooperation on Saturday and departed for Brazil as part of a three-nation South America tour for summits with regional leaders. During his visit to San Francisco on Friday and Saturday, the South Korean President met with the chiefs of four global tech giants, including OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen …
San Francisco, July 25 (IANS) South Korean conglomerates and global tech giants, including Nvidia, have agreed to pursue a series of cooperation projects that together are worth $950 billion, a senior presidential official said.The projects include a long-term deal under which SK Group will supply $750 billion worth of high-performance semiconductors to global tech firms, including Nvidia, presidential chief of staff for policy Kim Yong-beom said at a press briefing, reports Yonhap news agency.T…
Seoul, July 24 (IANS) An appellate court on Friday ordered SK Group Chairman Chey Tae-won to pay 944 billion won ($644 million) in asset division to his former wife, Roh Soh-yeong, in a closely watched case stemming from their divorce.The Seoul High Court handed down the verdict following the Supreme Court’s decision in October to send the case back for review while finalizing the divorce and Chey’s alimony payment of 2 billion won to Roh.The amount in asset division was lower than the 1.38 tril…
Seoul, July 22 (IANS) South Korean President Lee Jae Myung will embark on a five-nation trip this week that will also take him to three South American nations for talks with their leaders, the presidential office said Wednesday. The President will depart Friday first for San Francisco where he will make a two-day visit for a meeting with the heads of global tech giants, including OpenAI Chief Executive Officer Sam Altman and Nvidia chief Jensen Huang, according to presidential chief of staff for…
Seoul, July 12 (IANS) Samsung Electronics is moving to begin operations at the first semiconductor fabrication plant in its Yongin chip cluster in 2029, one to two years earlier than planned, industry sources said on Sunday.The accelerated timeline comes as the government speeds up development of the Yongin National Industrial Complex, a national strategic project set to serve as the company’s next-generation semiconductor manufacturing hub, reports Yonhap news agency.Samsung is currently planni…
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
Seoul, June 8 (IANS) Nvidia and SK hynix said on Monday they have entered into a multi-year technology partnership to advance next-generation memory technologies for artificial intelligence (AI) factories.”We made a very significant and long-term partnership with SK,” Nvidia Chief Executive Officer (CEO) Jensen Huang told reporters at the SK Group headquarters in Seoul.Huang said the two companies will jointly develop technology road maps and deepen their collaboration beyond traditional memory …
Seoul, June 2 (IANS) Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence (AI) memory.The meeting took place in Taipei, according to a post on SK Group’s Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia’s largest technology trade shows.”With SK hynix reaching a market capitalisation of US$1 trillion, the executives of both comp…
New Delhi, April 20 (IANS) Lee Jae-yong, Executive Chairman of Samsung Electronics, on Monday took a selfie with Prime Minister Narendra Modi and South Korean President Lee Jae Myung, during a state luncheon at the company’s Noida facility.The gesture highlighted Samsung’s local manufacturing capabilities in India and came after the bilateral summit between the two leaders.Lee and Modi also interacted with business leaders from both countries, according to a statement from the South Korean p…