Amazon, AMD Join Korean Development Bank to Infuse $45 Million Equity Into Upstage AI

MT Newswires Live

08/20

Amazon (AMZN) and AMD (AMD) joined Korean Development Bank, in a $45 million equity funding round for South Korean AI company Upstage, the latter said Thursday.

The company stated that this funding round brings its total capital to $157 million and will accelerate the development of its next-generation Solar language model, advance document AI products, and support go-to-market expansion in the US and Asia-Pacific.

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