Gov't to inject $380.6 mil. into Korean AI startup Upstage
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Financial authorities said Sunday they approved a 560 billion-won ($380.6 million) investment in Upstage, a local artificial intelligence (AI) startup, marking the second direct investment by the Korea National Growth Fund. The decision was approved at a deliberation committee for the fund held Thursday, the Financial Services Commission (FSC) said. Founded in 2020, Upstage is a unicorn startup valued at over 1 trillion won and develops AI solutions and large language models, or LLM. The startup
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