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This Startup Is Building a Chip to Save Traders Vital Microseconds

This Startup Is Building a Chip to Save Traders Vital Microseconds
South Korea-based Rebellions aims to build a chip that runs AI more efficiently to speed up high-frequency trades.
Bloomberg | Apr 14, 2021
Hooyeon Kim and Whanwoong Choi (Bloomberg) In the unfathomably fast realm of high-frequency trading, a South Korean startup’s plan to build a microchip that speeds markets up by a few microseconds is bound to get some attention.
The company, Rebellions Inc., was set up six months ago in Seoul by Park Sunghyun, who used to work as a quant developer at Morgan Stanley in New York, with two partners. The chip they’re developing aims to run artificial intelligence more efficiently, which could cut precious millionths of a second off the reaction times of automatic-trading machines. ....

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SKT, Kakao to cooperate in AI, ESG, intellectual property

SKT, Kakao to cooperate in AI, ESG, intellectual property
Posted : 2021-03-14 13:37
Updated : 2021-03-14 19:01
Kakao CEO Yeo Min-soo, left, bumps fists with SK Telecom s head of mobile network operator business Yoo Young-sang after the two companies partnered to cooperate in AI, ESG and intellectual property at Kakao s office in Pangyo, south of Seoul. / Courtesy of SK Telecom
By Kim Bo-eun
SK Telecom and Kakao unveiled a partnership Sunday to co-develop technology in artificial intelligence (AI) and create a fund for environmental, social and governance (ESG) policies. The companies have also agreed to share intellectual property and open this up to small- and medium-sized companies and venture firms. ....

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Asia Digest: Ryde appoints adviser for 2022 IPO; S Korea's Standigm secures $44.5m in pre-IPO round

Asia Digest: Ryde appoints adviser for 2022 IPO; S Korea's Standigm secures $44.5m in pre-IPO round
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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Content discovery platform Dable closes $12 million Series C at $90 million valuation to accelerate its global expansion – TechCrunch

Content discovery platform Dable closes $12 million Series C at $90 million valuation to accelerate its global expansion
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States. Dable announced today that it has raised a $12 million Series C at a valuation of $90 million, led by South Korean venture capital firm SV Investment. Other participants included KB Investment and K2 Investment, as well as returning investor Kakao Ventures, a subsidiary of Kakao Corporation, one of South Korea’s largest internet firms. ....

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Dable Raises $12 Mn In A Series C Round

Dable Raises $12 Mn In A Series C Round
The platform plans to expand to Singapore, Hong Kong, Thailand, China, Australia, and Turkey this year
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South Korea-based global content discovery platform Dable announced on Tuesday to have raised $12 million in a Series C funding round led by SV Investment, KB Investment, K2 Investment Partners, and Kakao Ventures, with a valuation of more than $90 million and has raised $20 million, to date.
The content platform claims to collect and analyze real-time website log data of 150 million users per month. Driven by machine-learning technology, the company analyzes the interests of website visitors and recommends 5 billion high-quality content which results in 100 million clicks, monthly. ....

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