Hanwha Aerospace
Hanwha Aerospace business and news from across the web.
After losing court battle and having to reinstate Subnautica 2 CEO, Krafton invests in $1B fund with South Korean missile manufacturer – #justsayingKrafton has announced a strategic partnership with South Korean defense company Hanwha Aerospace to invest in a $1 billion fund focused on developing and commercializing technology across various sectors, including defense. The collaboration will leverage Krafton's expertise in game data and physics-based virtual worlds to advance physical AI software and its real-world applications.
IOI Partners disowns MindsEye, Krafton collabs with arms dealer, and more cuts at Ubisoft - Patch Notes #44Several major gaming companies faced significant news this past fortnight. IOI Partners disowned the game MindsEye, Krafton announced a $1 billion partnership with a defense firm while simultaneously losing a lawsuit, and Ubisoft underwent restructuring leading to layoffs and the closure of Red Storm Entertainment's game development. Additionally, unionized game workers are petitioning for immigrant protections, Pokemon Pokopia achieved strong sales, and Nvidia's DLSS 5 technology faced backlash from developers.
PUBG maker Krafton is an AI defense company now, signs deal with Korean aerospace firm that includes investment of up to $1 billion aiming 'to expand the physical AI ecosystem'PUBG developer Krafton is expanding into the defense sector by signing an investment deal with Hanwha Aerospace, focusing on "physical AI" and autonomous systems. Krafton aims to become an "AI-first company" by investing in GPU clusters and developing technology for defense applications, with CEO Kim Chang-han expecting the partnership to create a global defense technology firm.- Krafton to invest $1 billion in a defence company that works with the US NavyKrafton, publisher of PUBG and The Callisto Protocol, is investing $1 billion in Hanwha Aerospace to focus on "Physical AI" and its applications in the defense sector. This partnership combines Krafton's AI research with Hanwha's industrial infrastructure. The news comes as Krafton recently lost a lawsuit against former executives of Unknown Worlds, the creators of Subnautica.
Krafton to invest $1 billion into South Korea defense company partnered with the U.S. navyKrafton has announced a strategic alliance and investment of approximately $1 billion into Hanwha Aerospace's global AI, robotics, and defense initiatives. The partnership aims to develop and commercialize technology across various sectors, including defense, and will involve Krafton investing in a fund managed by Hanwha Asset Management. The companies plan to leverage Krafton's experience with large-scale game data and virtual worlds for physical AI training and verification, and will establish a joint venture for seamless development and commercialization.