U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Samsung Electronics and Naver Corp. are teaming up to develop a generative artificial intelligence (AI) together, which they hope can compete with OpenAI’s ChatGPT. The product would become the exclusive chatbot of the electronics firm.
According to The Korea Economic Daily, Samsung Electronics and Naver Corp. are also planning to release new AI semiconductors by the end of this year. The chips are reportedly intended to replace Nvidia’s GPU that will power their own AI platforms.
The South Korean companies agreed to the joint development of a generative AI platform designed exclusively for corporate uses. Once in operation, Samsung and Naver hope this can be used globally as an AI tool that can be another option or substitute for ChatGPT.
Under the partnership deal, Samsung will provide Naver with pertinent data related to semiconductors so the latter can create a generative AI. Later, the electronics firm will step in to further improve the product.
Once fully developed, the new AI tool would be offered in Korean and would be used by the Device Solutions (DS) division of the Samsung Group. The said business unit also includes the company’s chip business, and as per sources who have knowledge of the matter, the target date for the launch of the new AI tool is October this year.
“AI data are processed largely in English in advanced countries. Non-English-speaking countries such as Korea are being marginalized in utilizing generative AI tools,” the president and chief of Samsung’s chip business unit, Kyung Kye Hyun, said in a statement.
In any case, Alphabiz News reported that once the AI tool is launched, executives and staff of the DS will be allowed to use chatbots for their work again. They had been previously prohibited from using the chatGPT after confidential data were accidentally leaked through the tool. Meanwhile, the new technology is also expected to boost productivity in the office without worrying about security.
Photo by: Sanket Mishra/Unsplash
