Digital Daily has introduced the [DD Commute] segment, designed to be read around the time of commuting home. The key issues that occurred throughout the day are briefly summarized for light reading during your commute. The full articles are available via the ‘Related News (Outlink)’ section at the bottom of Digital Daily articles.
**Kakao AI ‘Kanana’ to be Unveiled in One Day, Could it Become the Next KakaoTalk?**
[I Nayoung Lee, Reporter] Following accusations of manipulation in SM Entertainment’s stock prices, Kakao is shifting gears with the introduction of a new AI service. On the first day of ‘If Kakao AI 2024’ developer conference in Yongin, Gyeonggi Province, CEO Jeon Shin Ah will unveil Kakao’s AI vision. The new AI service ‘Kanana’, led by Lee Sang-ho, will be introduced, aiming for release within this year as a B2C AI conversational platform, separate from the flagship service KakaoTalk. Industry insiders expect Kanana to feature its own characters, engaging users as AI assistants.
**OTT Partners with Korea Music Copyright Association: How It Differs from KMCIA**
[Koh Sohyeon, Reporter] The Association of Rights of Music Works (KAMRA) has signed a licensing agreement with major domestic OTT platforms like Tving, Wavve, and Watcha. This follows months of negotiations aimed at fair use of copyrighted material, differing from conflicts with the Korea Music Copyright Association (KMCIA) regarding royalty calculations. KAMRA plans to impose royalties only on components involving trust music, excluding certain content.
**AI Emerges as an Escape Route for Samsung Electro-Mechanics and LG Innotek Amid Cooling Peak Season**
[Seonghyun Koh, Reporter] Despite entering peak season, Samsung Electro-Mechanics and LG Innotek may report lower-than-expected Q3 performances due to sluggish IT product sales and a dip in currency exchange rates. However, market confidence in their long-term growth remains, as expanding AI infrastructure and device sector present potential benefits.
**KT Cloud Employees to Decide on ‘Return to Headquarters’ by Late November, Causing Internal Rumblings**
[Ha-Young Kwon, Reporter] Employees transferred to KT Cloud during its 2022 spin-off must soon decide on returning to the KT headquarters. This comes amidst evolving market conditions and leadership changes. A mass exodus is unlikely, given KT’s ongoing workforce restructuring, affecting a sizeable portion of its staff.
**Middle East Security Market Rises with AI Prowess Amidst Projected Cybercrime Losses of $10.5 Trillion**
[Bommin Kim, Reporter] The recently concluded GITEX 2024 has highlighted the essential role of AI in the Middle East’s security market, projecting cybercrime damages to reach $10.5 trillion by 2025. Global cybersecurity firms like Kaspersky and Fortinet are actively targeting this region, while domestic companies backed by the Ministry of Science and ICT also participated, showcasing advanced security solutions.