Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices 
OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries” 
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand 
Chinese Robotics Stocks React as Humanoid Robot Marathon Sparks Competition Concerns 
Japan Eyes Private Credit as Key Pillar in New Financial Strategy 
Asian Stocks Rise as Tech Gains Offset US-Iran Tensions, Oil Prices Add Pressure 
CATL Stock Hits Record High After Q1 2025 Earnings Surge 
Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom 
Iran Closes Strait of Hormuz Again After Brief Reopening, Rattling Global Energy Markets 
Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent 
JAPEX Shares Drop as Middle East Tensions Drive LNG Costs and Production Risks 
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips 
Oil Prices Surge as U.S.-Iran Tensions Escalate and Strait of Hormuz Closes 
Want to cut your energy bills? Here’s how five experts are doing it 
Netflix Q2 Profit Warning Sends Shares Tumbling as Reed Hastings Exits 
LG CNS and Microsoft Korea announced on Wednesday this week that they will expand their partnership to scale up their security solutions business. For this new deal, the two companies held a meeting at the tech firm's headquarters located in Redmond, Washington.
The meeting was attended by senior executive officials of both companies, which include LG CNS' chief executive officer, Hyun Shin Gyoon and Microsoft's executive vice president and chief customer officer, Judson Althoff. This is their second Top Management Meeting since January which is aimed at continuing their partnership in AI and Cloud solution business.
LG CNS said that in collaboration with Microsoft Korea, it would step up its security solutions, mostly to prevent data leaks at companies that are looking to use artificial intelligence (AI) in their business operations.
The Korea Times reported that this is the latest deal between LG Group's IT affiliate, which specializes in digital transformation (DX) and Microsoft Korea. LG CNS previously signed an agreement with the American tech giant as a managed security service provider (MSSP). This MSSP provides management and outsourced system and security device monitoring services.
It was agreed that LG CNS would build security architectures designed for generative AI, including ChatGPT, based on Microsoft's Azure OpenAI Service. The companies will also work together on the development of managed detection and response (MDR) platform while boosting the cloud security business as well.
The project is expected to address and deal with data leak concerns of many businesses as they are looking to take on AI-generated business models. LG CNS will pin down the exposure points and risk levels before creating a security system that will provide effective protection. "To leverage Microsoft's innovative cloud infrastructure, data analysis capabilities, and Azure OpenAI Service, we will establish a cooperative foundation with Microsoft and create new AI services as quickly as possible to innovate customer values and lead the market," LG CNS' chief Hyun Shin Gyoon said in a statement.
