00:02you're listening to ai prism from seoul economic daily korea's mobility and fintech startups just
00:09posted their biggest week of the year a homegrown self-driving company signed an 11 billion won
00:16export deal with the uae cacao pay's operating profit jumped over 500 percent in a single quarter
00:25nine global cloud giants are about to pour nearly 900 billion dollars into ai infrastructure
00:32and washington just pulled anthropic and open ai into a room to talk ai security rules
00:40it's wednesday august 5th let's look at what this means for startups and entrepreneurs in korea
00:47korean founders are riding two waves at once this week outbound hardware exports and inbound
00:53ai infrastructure spending autonomous vehicle maker a2z closed a deal to replace an entire chinese
01:00built robotaxi fleet in abu dhabi while cacao pay's financial arm crossed the 50 revenue mark for the
01:07first time meanwhile the world's biggest cloud operators are set to lift ai capital spending by
01:14roughly 90 percent this year reshaping where compute hungry startups can find infrastructure partners
01:20here's what the numbers show a2z secured an 11 billion won contract about 7.9 million dollars to
01:29supply 19 autonomous vehicles replacing space 42's chinese-built robotaxi fleet in abu dhabi
01:37cacao pay posted 58.6 billion won in operating profit last quarter up 528 percent year on year as
01:46its financial services revenue crossed 50 of total sales for the first time the nine largest global
01:53cloud providers plan to raise capital spending 90 percent this year to roughly 886.7 billion dollars
02:00driven by ai data center build outs with the pace expected to slow to 50 percent growth next year on
02:07a
02:07higher base ai beauty device maker apr hit six million cumulative unit sales in home beauty devices
02:15with overseas sales now topping 60 percent of that business washington plans to bring anthropic open ai
02:23google and meta into voluntary cyber security testing talks this week a move that follows disclosed
02:30unauthorized system intrusions by ai models at both anthropic and open ai naver's cloud unit is in early
02:39talks on gpu and ai infrastructure partnerships in brazil and chile tied to a 4.75 gigawatt ai data center
02:47project led by scala data centers so what does this mean for founders and startup teams in korea
02:55earlier we said cacao pays operating profit jumped over 500 percent here's what that actually means for you
03:03fintech founders now have a concrete scaling case study to bring to investors right as hyperscaler capex
03:09growth of 90 percent signals more ai infrastructure and cloud credits will be available to plug into
03:15the regulatory watch item is washington's voluntary ai security testing framework korean ai startups
03:23exporting models abroad should expect similar scrutiny to follow within the next funding cycle
03:29that's today's ai prism founders this episode was produced with ai assistance based on soul economic
03:37daily reporting and reviewed by a human editor ai prism is a juan ifra award-winning series
03:43we'll be back tomorrow you've been listening to ai prism from soul economic daily
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