AIMMO bags $12M Series A to advance data labeling technology  

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine learning model, but at the same time, it can be time-consuming and tedious work. A Korean startup called AIMMO, which uses software and humans to label and […]

Covid news live: Omicron carries lower hospitalisation risk, studies suggest; South Korea marks deadliest day of pandemic

Two British studies report Omicron patients were hospitalised less than those with Delta; South Korea reports a record 109 deaths from Covid in one day as pressure on medical services mountsChina locks down 13 million people in northern city of Xi’anRi…

TamatemGames raises $11M Series B led by PUBG maker Krafton

Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). Venture Souq, Endeavor Catalyst and existing investors also participated in the round.  The Series B round brings its total […]

MrBeast’s ‘Real Life Squid Game’ and the price of viral stunts

First, everyone was talking about “Squid Game,” the Korean psychological thriller that became Netflix’s biggest series launch ever, with 142 million viewers. Now, everyone’s talking about YouTuber MrBeast’s recreation of the show’s titular fight-to-the-death, which racked up 142 million views in eight days. (Don’t worry, no one was killed). Jimmy Donaldson (MrBeast), the 23-year-old who […]

Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sachs. Returning investors in the round include CLSA Lending Ark Asia and 500 Global. The latest funding brings the total raised by PeopleFund to about $83.6 […]

LG Energy Solution gets Korea Exchange’s nod for planned IPO

LG Energy Solution, the battery unit wholly owned by LG Chem, received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is reportedly planning to submit its IPO application to Financial Supervisory Service as early as this week, aiming to list at the end of […]

Apple updates its App Store Guidelines to permit developers to contact customers about other payment methods

Apple today introduced a new set of App Store Guidelines that include three key changes. One of the changes is the result of a previously announced settlement agreement with a class of U.S. app developers. It clarifies that developers are allowed to communicate with their customers about other payment methods available outside their app. Related […]