Ethereum Metaverse Game ‘The Sandbox’ Hits $1 Billion Valuation in Funding Round The Sandbox, an Ethereum metaverse game platform, has raised $20 million in funding at a $1 billion valuation. The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The Sandbox plans to focus on improving creator tools, adding new features, and developing a mobile version

On June 6th, The Sandbox raised $20 million through convertible debt financing, with a market capitalization of $1 billion. This round of financing was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. Note holders have the option to convert their holdings into equity of Bacasable Global Limited on the same terms as the existing preferred shares.

1. Alibaba Cloud and Alibaba sued Shanzhai Tongyi Qianwen APP in the first instance 2. Report: China's Computing Power Scale Compound Growth Rate Will Reach 20% in the Next Three Years 3. Musk complains about too little stake in TSL, threatens to find another place to develop AI and robots 4. Zhipu AI launches a new generation of pedestal large model GLM-4 5. Microsoft CEO: Feel good about the partnership model with OpenAI 6. Vodafone will invest $1.5 billion over the next 10 years to develop AI services in partnership with Microsoft 7. IMF Managing Director Georgieva: AI risks lead to increased inequality and jeopardize financial stability 8. LG has established an XR division and is expected to release XR devices next year

According to a report by the Science and Technology Innovation Board Daily on January 16, LG has established an XR division, which is divided into LG's HE division (responsible for the TV business), and is expected to release XR devices as soon as next year and two years at the latest.

LG recently developed a small bipedal AI robot, which is scheduled to be displayed at CES in 2024, as reported by the webmaster's home on December 29. This robot is designed to monitor and interact with pets. The robot has a bipedal design that allows it to move freely around the home. It is equipped with cameras and artificial intelligence technology, which is able to monitor the behavior of pets and interact with them in real-time. Users can remotely control the robot through the mobile app, observe the pet's activities, and communicate with the pet through the robot. LG's bipedal AI robot also has other smart features. It can learn the preferences and habits of pets through AI technology and provide customized services according to their needs. In addition, the robot can also detect the health of the pet and provide relevant suggestions and reminders.

According to a report by Webmaster's Home on December 29, LG released a new Gram series of notebooks on CES2024, in which the Gram Pro is equipped with an Intel Core Ultra chip and a GeForce RTX3050 GPU, and has powerful artificial intelligence capabilities. It is reported that LG's artificial intelligence technology is not only reflected in the hardware specifications, but also integrated into its unique Link application to realize the automatic sharing of files and photos between devices.

On December 21, it was reported that South Korean game developer Wemade is about to launch WEMIX PLAY hosted games on LG smart TVs and monitors to expand its Web3 game ecosystem. LG Smart TV users will be able to download and experience Anipang Match, a puzzle game developed by subsidiary Wemade Play, as well as Every Farm, a farming simulation game by Wemade Connect.

Blockchain development platform QuickNode has entered into a strategic partnership with South Korean electronics giant LG CNS, which provides information technology services including Web3 and AI. According to a press release, "The partnership also includes a strategic investment in QuickNode, bringing the company's total funding to more than $100 million." "This collaboration marks the beginning of an era of blockchain infrastructure change, particularly in the influential Asia-Pacific market, with a focus on South Korea's vibrant tech scene," the team said in a message. ”（Coindesk）

Golden Finance reported that iQ3Connect, a metaverse training and collaboration platform, completed a seed round of financing, with the participation of NOVA Prime Fund, a venture capital fund under LG Electronics, with the specific amount not disclosed. iQ3Connect helps enable individuals, teams, and businesses to create, deploy, collaborate, and learn immersive, interactive 3D content on VR, AR, PC, or mobile devices, and also provides a training and experiential platform to help businesses leverage the 3D platform and metaverse for sustainable workforce training.

South Korean ICT service provider LG CNS on Thursday launched Data Analytics &_ AI Platform Generative AI (DAP GenAI), a generative artificial intelligence (AI) platform for commercial use that aims to provide users with product recommendations, document summaries, and data-based reports, Webmaster Home reported. The configuration of the DAP GenAI platform starts with the selection of a large language model (LLM), and users can choose a large language model (LLM), such as OpenAI's ChatGPT, Google's PaLM2, etc., and also supports the creation of product recommendation AI services. The platform also offers AI and LLMOps capabilities to provide accurate answers and optimize LLM scope for specific businesses.

Odaily Planet Daily reported that the NFT platform LABEL Foundation will cooperate with LG Electronics to launch the Web3 music streaming platform TRACKS music, which will be launched on the latest version of LG smart TVs. TRACKS will provide free background music (BGM) services to LG smart TV users around the world, and will also provide various rewards based on users’ listening time. According to previous news, LABEL Foundation has received venture capital from Web3 investment company DWF Labs. DWF Labs has invested $1 million in LABEL’s ecosystem.

Jinse Finance reported that at the K-Display industry conference, LG Display CEO Jeong Ho-young said: Although the current display panel market is very difficult, there is still an (upward) direction. LG Display plans to accelerate its transition to OLED and seek new opportunities in the fields of mobile phones and metaverse. At the same time, he also said that the company expects that in the next five years, the penetration rate of OLED panels in IT products will increase fivefold, and it will become the main solution in the smartphone and TV display panel markets. LG Display will announce the eighth generation of OLED panels later. Plans for OLED products.

According to Yonhap News Agency on July 25, LG Electronics announced the launch of the latest upgradeable home appliances equipped with a new operating system and artificial intelligence chipset. LG said the new operating system and chipset, which took more than three years to develop, will allow consumers to use their home appliances in a smarter and more personalized way, adding, upgrading or removing features according to their needs.

According to the Korea Herald, on July 25, the Ministry of Trade, Industry and Energy of South Korea stated that a group of leading companies in 10 major industries in South Korea, including automobiles, shipbuilding, batteries, robotics and steel, agreed to establish an artificial intelligence alliance to use the latest AI technology to establish connections and cooperate in cross-industry value chains, thereby enhancing competitiveness. It is reported that the Industrial AI Alliance is composed of the Ministry of Trade, Industry and Energy, public organizations and more than 400 domestic enterprises including 20 large companies. Industry representatives include Hyundai Motor Group, LG Electronics, Hyundai Steel, LG Energy Solutions, Samsung SDS and SK C&_C. To enable the rapid adoption of AI technologies across industries, the consortium will operate through three technical subcommittees: mobility, mechanics and optimization. The coalition will also operate through two policy subcommittees, one for industry data and one for laws and regulations.

According to "Kechuangban Daily" citing The Elec, a few days ago, Korean technology giant LG announced its AI model "ExaOne 2.0". Based on ExaOne 2.0, LG announced three AI platforms that it plans to commercialize: ExaOne Universe, ExaOne Discovery, and ExaOne Atelier. It is reported that LG AI Research plans to develop the platform in the chemical, biological, medical, medical, financial and patent fields, and the platform will be deployed to LG's chemical and biological subsidiaries in the fourth quarter of this year. As previously reported, LG released Captioning AI, the first generative AI commercialization service.

Odaily Planet Daily News A Spanish National Museum will issue an exclusive NFT featuring Van Gogh's masterpiece. Carlos Grenoir, CEO of metaverse platform Olyverse, said that these artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum. Additionally, through a partnership with tech giant LG, NFT holders will be able to showcase their digital artwork using blockchain-powered displays. (Decrypt)

According to news from PANews on July 15, according to Decrypt, a national museum in Spain will cast its own NFT for the first time: an exclusive collection featuring Van Gogh's masterpieces. These artworks were converted into high-definition NFTs using blockchain technology and certified by the Thyssen-Bornemisza National Museum. Each NFT represents an original work, part of a limited series, in partnership with Telefónica and Olyverse's NFT marketplace, and only 100 pieces will be available for purchase. Additionally, through a partnership with tech giant LG, van Gogh NFT owners will be able to showcase their digital artwork using a blockchain-powered display.

According to news from PANews on July 15, according to Decrypt, the National Museum of Spain will cast its own NFT for the first time: an exclusive collection featuring Van Gogh's masterpieces. Each NFT represents an original work, part of a limited series, in partnership with Telefónica and Olyverse's NFT marketplace, and only 100 pieces will be available for purchase. Additionally, through a partnership with tech giant LG, van Gogh NFT owners will be able to showcase their digital artwork using a blockchain-powered display.

According to IT House's report on June 19, at the world's largest computer vision conference CVPR 2023 held in Vancouver, Canada yesterday, LG Artificial Intelligence Research Institute, a subsidiary of South Korean technology giant LG, disclosed the company's first generative AI commercialization service, Captioning AI, Provides a more efficient solution for customers who need to manage a large number of images. According to LG, Captioning AI is based on zero-shot learning technology, which enables AI to use its previous accumulated experience and knowledge to explain the objects or scenes it sees for the first time, just like humans. On average, the service can generate 5 full descriptive sentences and 10 keywords for an image in 10 seconds. If the number of pictures is expanded to 10,000, these tasks will be completed within two days, so that a customized picture search and management system can be established in a short period of time. According to LG, Captioning AI was developed in-depth cooperation between LG Artificial Intelligence Research Institute and Shutterstock, one of the world's largest image galleries, which has extensive expertise in image labeling. In addition, the two parties also carried out AI ethics verification such as filtering and screening of learning data to ensure copyright transparency. Sezal Amin, Chief Technology Officer at Shutterstock, said: "We are currently developing this service further with an Early Access program for 10 clients around the world. The service is designed to help people focus on more important content and creative tasks, rather than repetitive mechanical tasks."

Jinse Finance reported that LG and Hashed withdrew from the Klaytn blockchain management committee.

12:00-21:00 Keywords: MetaMask, LG Electronics, Do Kwon, Zimbabwe 1. The EU plans to force encryption companies to provide tax authorities with details of assets held by their customers; 2. MetaMask now supports US users to purchase Ethereum through PayPal; 3. LG Electronics applied for a patent for its TV that can trade NFT; 4. Informed sources: Musk intends to appoint NBCUniversal advertising director as the new CEO of Twitter; 5. Jump Trading is facing a new class action accusing it of manipulating the algorithmic stablecoin UST; 6. Foreign media: The Montenegro court accepted Do Kwon's $436,000 bail and was released from prison awaiting trial; 7. The Central Bank of Zimbabwe issued a gold-backed digital currency worth 14 billion Zimbabwean; 8. The United States Patent and Trademark Office has approved Beckham's 3 NFT+ Metaverse trademark applications; 9. Comma3 Ventures' Web3 Fund completed the first round of financing of US$20 million.