Latest news with #Incheon
Globe and Mail
2 days ago
- Business
- Globe and Mail
Amazon (AMZN) in $5B Investment to Boost AI in South Korea
E-commerce and cloud computing giant Amazon (AMZN) is teaming up with South Korea's SK Group to invest around $5 billion in building the country's biggest data center to handle domestic AI demand. Confident Investing Starts Here: AI Driver According to the country's Science Ministry, the deal involves a $4 billion spend from Amazon Web Services, Amazon's cloud services provider. The AI data center in the southern city of Ulsan is expected to begin construction in September and be fully operational with a capacity of 100 megawatts by 2029. It will also house four times as many GPUs as South Korea's National AI Computing Center, which aims to deploy 15,000 GPUs by 2027. SK Group Chairman Chey Tae-won said he planned to expand the data center's capacity to one gigawatt in the future and make it a global hub that handles domestic AI demand. He added that artificial intelligence was crucial for South Korea's growth. Asian Expansion According to Invest Korea, the size of the Korean AI market is estimated to grow by 12.1% this year to reach $2.25 billion. The market is expected to grow at an annual average growth rate of 14.3% to 2027, driven by its use in major industries such as information and communication, manufacturing, medical, public/defense, finance, and education. AWS has a cloud region in South Korea, located in Seoul, with four availability zones that launched in 2016. The company is also building a data center in Seo-gu, Incheon as it ramps up its expansion in Asia and Oceania. It recently announced that it is planning to invest A$20 billion, or US$13 billion, in Australia from 2025 to 2029 in order to improve the AI infrastructure in the country. It is the largest technology investment in Australia's history. What are the Best AI Stocks to Buy Now? We have rounded up the best AI stocks to buy using our TipRanks comparison tool. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
The National
2 days ago
- Sport
- The National
Niko Volavola hat-trick seals historic win for UAE in South Korea to keep Rugby World Cup dream alive
The UAE maintained their hopes of a Rugby World Cup debut in 2027 as they claimed a stunning win in South Korea. Niko Volavola scored a hat-trick of tries as the national team completed a late comeback to win 38-36 in Incheon. The Koreans were favourites ahead of the game based on the fact they were ranked 33rd in the World Rugby standings, compared to the UAE, who are 50th. They also had home advantage, and were coming off a win in their Asia Rugby Championship (ARC) opener against Sri Lanka last week. The UAE, by contrast, had been under-par in losing on home soil to Hong Kong last weekend. The tourists were, though, buoyed by the knowledge they had beaten Korea for the first time in their history in the corresponding fixture last season. The win in 2024 arrived via a late comeback when the Koreans wilted in the heat of Dubai summer. Although the game panned out in much the same way this time around, a first away win in Korea will likely mean even more to the UAE this time around. The Koreans are the highest ranked opposition they have ever beaten, and it breathes life back into their hopes of qualifying for the World Cup in Australia in two year's time. The ARC carries with it one automatic qualifying place for the World Cup. After their comprehensive win in Dubai last week, Hong Kong appeared certainties to take that berth. But the second placed side in the four-team league will enter a system of repechage matches to decide the final qualifier for the World Cup. That will be decided by a four-team event to be played in Dubai in November. Jacques Benade, the UAE coach, had demanded improvement after the loss to Hong Kong. His players answered his call emphatically. It was clear they had a point to prove as they raced into a 14-0 lead in the first 20 minutes in Incheon, via a try from hooker Michael Sejean, then the first of Volavola's three. All their endeavour threatened to go unrewarded when – for the second week running – they gave up a penalty try for illegally hauling down a rolling maul. Riaan Barnard, the prop, was shown a yellow card for the indiscretion. By the time he re-entered the fray 10 minutes later, the UAE had gone from a 14-0 lead to a 21-14 deficit. They showed great heart not to subside, though. Jack Stapley, the Dubai-born centre who plays Championship rugby for Nottingham in the UK, crossed for a try that allowed the UAE to go into half-time all square. The Koreans asserted control with two tries within five minutes of the restart, but, even at 33-21 down, the UAE refused to yield. Brad Janes powered over for his second try in a week, before a Korean penalty extended their lead to 10 points. With 11 minutes to go, Volavola ran in his second of the game. Vitally, Max Johnson, the Doha-based fly-half who was outstanding from the kicking tee for the UAE, nailed the conversion from the touchline. It meant that, when Volavola touched down his third, with a brilliant finish in the right-hand corner, they had a two-point lead. They managed to hold onto that to give them a thrilling win. 'Our backs were against the wall for the last couple of minutes, but hats off to the boys,' Andrew Semple, the UAE captain, said. 'We just dug deep and managed to come away with the win. We always had belief from [beating South Korea in Dubai] last year, so going into the game we felt we could win. 'It was the same thing in the changing room at half-time. We felt that if we kept the ball and played our game, we would come out on top.' The UAE's final game in the ARC will be against Sri Lanka – who face Hong Kong on Sunday – in Colombo in two weeks' time. A win could send them through to the repechage play-off. '[Qualification for the World Cup] was always the dream coming in for all of us,' Semple said. 'This win keeps the dream alive. Going to Sri Lanka, we need to keep building for the next few weeks so we can power into that, and make those dreams come alive.'
Associated Press
2 days ago
- Business
- Associated Press
IBN Coverage: D-Wave Quantum (NYSE: QBTS) Signs MOU to Advance Quantum Computing in South Korea
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - June 20, 2025 ( NEWMEDIAWIRE ) - D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, announced that it has signed a memorandum of understanding (MOU) with Yonsei University and Incheon Metropolitan City aimed at accelerating quantum computing adoption in South Korea. Supporting the region's ambition to become a global quantum technology hub, the MOU outlines plans to work together on research, talent development, and use case exploration across biotechnology, materials science and other sectors. The MOU also facilitates the organizations' collaborative efforts towards the acquisition of a D-Wave Advantage2 quantum system at the Yonsei University International Campus in Songdo, Yeonsu-gu, Incheon. To view the full press release, visit About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to QBTS are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected]
The National
3 days ago
- Sport
- The National
Asia Rugby Championship: Brad Janes expects improvement from UAE in South Korea after Hong Kong humbling
Brad Janes is confident the UAE can bounce back from their opening night humbling in the Asia Rugby Championship (ARC) when they face South Korea on Saturday. The national team were soundly beaten 43-10 by Hong Kong in the first fixture of the campaign at The Sevens, Dubai at the weekend. History suggested the game was likely to be tough for the home team. Hong Kong have won the past five ARCs, and are the favourites to claim the 2027 Rugby World Cup qualifying place which is on offer to the winners of this year's tournament. However, the UAE had entered the competition full of optimism after a fine performance last season, when they finished second for the first time. That result encouraged the UAE Rugby Federation to arrange an unprecedented programme of matches to ready them for this ARC, given the prize on offer. The winners qualify directly for the World Cup, while the runners-up will also enter a system of repechage games for the final place at that event. The national team have had matches against Zimbabwe and Germany, as well as a tour to Kenya in preparation for the Hong Kong fixture. But they then fell flat when the ARC kicked off. Janes scored the lone try, as the UAE briefly threatened to fight back from a nervy start, only for Hong Kong to assert their class thereafter. The Jebel Ali Dragons flanker was not downcast after the defeat, though, and says there will be an improvement when they face Korea in Incheon on Saturday. 'This was our first 80 minutes together as a squad,' Janes said. 'We went to Kenya, which was a great challenge, but it was a bit disjointed being three 30-minute sections with rotating teams. 'This is our first platform to build off. Taking that in mind, there are positives to work with. There were good things. 'When we come to kick-off against Korea next week, that warming-up period should be out the way. We should be hitting the ground running.' Janes' personal performance was the most obvious positive for the national team. On debut, the openside flanker made yards every time he carried the ball, as was best shown when he powered over for the home side's only try. 'Brad was outstanding,' Jacques Benade, the UAE coach, said. 'He is a workhorse, and he used his feet well in the contact area. 'He is not the biggest boy, but when he carries, we actually make yards. We need to learn from that in what we are doing, because we do have the carriers. [Hong Kong's] defence was well organised, but it is something we need to fix.' Benade will be glad to have been able to call Janes into the side for his competitive debut. He has been one of the leading loose forwards in the domestic game in recent seasons, and has just become eligible under World Rugby's residency rules. 'It is a great opportunity and privilege to be in the national team with the boys now,' Janes said. 'It has always been an aspiration of mine since I arrived [in Dubai]. I knew a couple of the boys from the Dragons were playing, and it was something I looked up to. 'I had a goal in mind and I am happy to reach here, play for the national team, and represent the UAE. It is such an amazing opportunity and I am super grateful. Just to be here representing the country is such an honour. 'The management have given us the confidence to go after it, and that is what we are going to do next week.' Benade says his side need to work harder if they are to turn around their fortunes against the Koreans, who won their opening game against Sri Lanka. 'Our work rate wasn't good enough,' Benade said. 'You decide how quick you want to make that game. Are we going to get set fast? Are we going to get in positions where we need to be? 'Sometimes I thought we just weren't there. It is a lot of hard work. We have a big pack, but if you play a big pack you have to dominate the set piece. 'We will learn from this and get better. There are a lot of things we can do in the next few sessions.'
Yahoo
3 days ago
- Business
- Yahoo
AIFEEX Seoul AI Summit Concludes Successfully: AI for Everyone, Accelerating a New Global Ecosystem
New York, June 20, 2025 (GLOBE NEWSWIRE) -- The AIFEEX Seoul AI Summit: Your Personal AI Master was successfully held today in Incheon, South Korea. Organized by AIFEEX with support from the Seoul Artificial Intelligence Industry Association, the event brought together more than 5,000 professionals from 17 countries to explore how AI can become more accessible, practical, and globally on the theme "AI for Everyone", the summit addressed cutting-edge topics such as AI and edge computing integration, advanced algorithm optimization, and multi-scenario industry applications. Speakers emphasized the importance of translating AI research into real-world value and building an international platform for technological exchange. In his opening remarks, AIFEEX CEO Guilherme D.A.P. Marques announced the official launch of the AIFEEX Korea Operations Center on June 16, marking a major milestone in the company's global expansion. He encouraged partners worldwide to embrace AI-driven transformation and to co-create the future of the industry. Keynote presentations included COO Alex Jenson's call to action on leveraging AI for personal and financial empowerment, as well as CTO Ford Cooper's vision for a next-generation "world model" AI that integrates multiple modalities—text, images, audio, video, and data—to achieve a deeper understanding of the real world. By bringing together global thought leaders and practitioners, the AIFEEX Seoul AI Summit has laid a strong foundation for continued cross-border collaboration and the practical deployment of AI technologies. AIFEEX will leverage Seoul as a strategic hub to expand its international presence and drive the next wave of AI-enabled economic growth. CONTACT: Tori Ellis Marketing01@ +1 (347) 673-4886Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
