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Tencent leads $100M Series B funding round into China-based esport provider VSPN

Tencent leads 0M Series B funding round into China-based esport provider VSPN Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised what it describes as ‘close to’ $100 million in a Series B funding […]

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Hearings begin in Samsung vice chairman Jay Y. Lee’s accounting fraud trial

Hearings begin in Samsung vice chairman Jay Y. Lee’s accounting fraud trial The trial of Samsung leader Jay Y. Lee, who is accused of accounting fraud and stock price manipulating, held its first hearing today at the Seoul Central District Court. The Seoul Central District Court denied prosecutors’ arrest warrant request for […]

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Intel agrees to sell its NAND business to SK Hynix for $9 billion

Intel agrees to sell its NAND business to SK Hynix for billion SK Hynix, one of the world’s largest chip makers, announced today it will pay $9 billion for Intel’s flash memory business. Intel said it will use proceeds from the deal to focus on artificial intelligence, 5G and edge computing. “For […]

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US charges Russian hackers blamed for Ukraine power outages and the NotPetya ransomware attack

US charges Russian hackers blamed for Ukraine power outages and the NotPetya ransomware attack Six Russian intelligence officers accused of launching some of the “world’s most destructive malware” — including an attack that took down the Ukraine power grid in December 2015 and the NotPetya global ransomware attack in 2017 — have […]

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South Korean startup Cochlear.ai raises $2 million Series A to detect the sounds missed by speech recognition

South Korean startup Cochlear.ai raises million Series A to detect the sounds missed by speech recognition Sit quietly for a moment and pay attention to the different sounds around you. You might hear appliances beeping, cars honking, a dog barking, someone sneezing. These are all noises Cochlear.ai, a Seoul-based sound recognition startup, […]

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South Korea pushes for AI semiconductors as global demand grows

South Korea pushes for AI semiconductors as global demand grows The South Korean government has made no secret of its ambition to be a key player in the global artificial intelligence industry, including making the semiconductors powering AI functionalities. This week, the country’s information and communications technology regulator announced plans to develop […]

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Startups joining SK Telecom’s accelerator include AI-driven mapping and vision for delivery robots

Startups joining SK Telecom’s accelerator include AI-driven mapping and vision for delivery robots We don’t often cover telecom technology startups, but it’s periodically worth checking in to see what’s happening in that space. We can get a good indication from the latest cohort to emerge from an accelerator associated with South Korea’s […]

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Toss Lab raises $13 million Series B for its collaboration platform JANDI, the ‘Slack of Asia’

Toss Lab raises million Series B for its collaboration platform JANDI, the ‘Slack of Asia’ As Slack ramps up its investment in Asia, Toss Lab, the South Korea-based creator of enterprise collaboration platform JANDI, is preparing to become a more formidable rival. The startup announced today that it has raised a $13 […]

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Samsung will reportedly test remote work program as South Korea copes with new COVID-19 cases

Samsung will reportedly test remote work program as South Korea copes with new COVID-19 cases Samsung Electronics will reportedly begin trialing a work-from-home program for some employees next month as South Korea as the country deals with its largest increase in COVID-19 cases since March. According to Reuters, a company official said […]

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Samsung’s second-quarter profit grew 23% year-over-year, thanks to strong chip demand

Samsung’s second-quarter profit grew 23% year-over-year, thanks to strong chip demand Samsung Electronics sounded a cautiously optimistic note in its earnings report today. The company is continuing to deal with the fallout of the COVID-19 pandemic, but its memory business was fortified by demand for DRAM chips as data centers adapted to […]

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