Reuters reveals South Korean startup Rebellions Inc. launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. The company’s ATOM chip is the latest Korean attempt to challenge global leader Nvidia Corp (NVDA.O) in the hardware that powers the potentially revolutionary AI technology.
13 February 2023, 7:50 pm. 1 minute
The South Korean government wants to foster a domestic industry, investing more than $800 million over the next five years for research and development in a bid to lift the market share of Korean AI chips in domestic data centers from essentially zero to 80% by 2030.
Topics of Interest: Technology
Type: Reuters Best
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story