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.

Market Impact

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.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: Asia

Countries: South Korea

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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