AI News: OpenAI Expands into Korean Market with Kakao Partnership

OpenAI has announced a partnership with South Korea’s app operator “Kakao” to develop AI products for the Korean market.

Additionally, Kakao stated that it will incorporate OpenAI technology into its.

Key Points

OpenAI noted that Korea’s energy, semiconductor, and internet companies have made the country an important market for its products, with demand for AI products growing “super-fast.”

Kakao CEO, Shina Chung, expressed excitement about establishing a “strategic” with OpenAI.

Altman met with SK Group Chairman Chey Tae-won and hynix CEO Kwak Noh-jung in Seoul to discuss collaboration on AI memory chips, including high-bandwidth memory (HB), AI services.

Background

Kakao operates South Korea’s leading messaging app KakaoTalk, which holds a remarkable 97% domestic market share and has diversified into e-commerce, payments, and gaming.

Last month, the South government announced plans to construct a national AI computing center, which will receive investments from the and private sectors totaling up to2 trillion won ($1.4 billion).

Kakao shares by 0.2% on Tuesday after experiencing a 9% surge on Monday.

News Gist

OpenAI partners with Kakao in South Korea to develop AI products, targeting the country’s energy, semiconductor, and internet sectors.

CEO Shina Chung highlights the strategic collaboration.

CEO Sam Altman met with SK Group and Hynix leaders to discuss AI memory chips and potential service innovations.