In a move to foster future growth and tap into competitive technologies, global chip designer Nvidia Corp. made its first investment in a South Korean startup specializing in generative artificial intelligence. This investment comes as giants in the tech industry, […]
In a move to foster future growth and tap into competitive technologies, global chip designer Nvidia Corp. made its first investment in a South Korean startup specializing in generative artificial intelligence. This investment comes as giants in the tech industry, including Google and Microsoft Corp., rush to provide capital to newly established firms in the sector.
Recently, Nvidia participated in the pre-Series A round for Twelve Labs, a South Korean startup aiming to raise 13 billion Korean won ($9.7 million), according to IT industry sources in Seoul. Samsung Next, the corporate venture capital division of the world’s largest memory chip manufacturer, Samsung Electronics Co., and Korea Investment Partners, a local venture capitalist, also joined the round. This follows Twelve Labs’ successful capital raising of 16 billion Korean won in its first round in December.
While Nvidia has been supporting South Korean startups by offering technical education and consultation, this marks their first direct investment in a South Korean generative AI startup.
Frequently Asked Questions (FAQ)
What is generative artificial intelligence?
Generative artificial intelligence is a branch of AI that focuses on creating or generating new content, such as images, texts, or music. This technology utilizes deep learning and neural networks to learn patterns from existing data and then generate new content based on those patterns.
What are the advantages of investing in generative AI startups?
Investing in generative AI startups allows major tech companies to access new technologies and establish partnerships with innovative companies that can enhance their products or services. This type of investment also helps support the development of local startups and fosters innovation in the technology sector.
How is generative artificial intelligence used for video understanding?
Generative artificial intelligence is used for video understanding by analyzing various elements within video content, such as conversations, behaviors, text, and logos. This technology enables better comprehension and categorization of video materials, which can be beneficial in various industries including security, marketing, and entertainment.