Samsung to Invest Over $70 Billion in Bid for Edge in AI Chips Race - WSJ
Hey there, little superstar! Guess what?
Imagine Samsung is like a super big toy factory! 🏭 They make cool phones and TVs, right?
Now, imagine computers have tiny, super-smart brains called "chips." These chips help computers think really fast, especially for something called "AI" – that's like making robots or smart toys that can learn! 🤖🧠
Samsung wants to make the best super-smart brains for these AI toys. So, they're spending a giant pile of money – like buying a million ice cream cones! 🍦🍦🍦 – to build new factories and make these special chips even better and faster than anyone else's.
They want to be the champion of making super-smart computer brains! Isn't that cool? 🎉
Samsung to Invest Over $70 Billion in Bid for Edge in AI Chips Race WSJ
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Korean company behind retina-based CVD risk AI plans to go public
Mediwhale, a medical AI startup in South Korea, has recently raised 20 billion won ($13 million) in a Series C funding round led by Seoul-based private equity firm, Premier Partners. KB Investment, Quad Asset Management, IMM Investment, Hana Ventures, AON Investment, and Startup Partners also joined the round. This brings its total investments raised to date to 51.2 billion won ($34 million).



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