Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Naver Cloud and Qualcomm announced earlier this week that they have partnered to develop South Korea's first drone that will operate on a 5G wireless network. They have also teamed up with Korea's Argosdyne, a drone mobility platform that also provides IT services and consulting for the project.
According to The Korea Herald, Naver Cloud and the US-based chipmaker agreed that the former will build the 5G network infrastructure for the drone services, and Argosdyne will be making the drones that can run on Qualcomm's Flight RB5 5G platform, the first artificial intelligence and 5G-enabled platform in the world.
Moreover, Argosdyne is planning to be in charge of providing an autonomous drone control platform that can be connected to the cloud. It will also develop drones with artificial intelligence (AI) technologies and 5G based on Qualcomm's Flight RB5 5G platform.
Kim Tae Chang, Naver Cloud's business chief, said that the 5G-based cloud service is simply the perfect solution that supports communication between devices, processing of autonomous drones, and real-time analysis of data. He added that with the new cutting-edge drones, Naver would be creating new business opportunities for 5G drones.
Naver Cloud, Qualcomm, and Argosdyne will be unveiling the prototype drone in the second half of this year and will organize a testing event for it as well. The partners are aiming to officially launch the drone on the market by next year.
Pulse News reported that before the commercialization of the 5G drones, the technology will first be verified by the regulators. The goal is to build smarter and safer autonomous devices for logistics and Urban Aerial Mobility operating on the 5G network.
"Building on the successful growth and traction of Qualcomm Technologies' leading robotics solutions, our expanded roadmap of solutions will help bring enhanced AI and 5G technologies to support smarter, safer, and more advanced innovations across robotics, drones, and intelligent machines," Qualcomm Technologies' senior director of business development and head of autonomous robotics, drones and intelligent machines, Dev Singh, said in a press release last month.
He added, "We are fueling robotics innovations with 5G connectivity and premium edge-AI that will transform how we think and approach challenges and ever-evolving industry expectations in the digital economy."
