OpenAI to Open Office in Seoul Amid Growing Demand for ChatGPT 

The OpenAI logo is seen in this illustration taken February 8, 2025. (Reuters) 
The OpenAI logo is seen in this illustration taken February 8, 2025. (Reuters) 
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OpenAI to Open Office in Seoul Amid Growing Demand for ChatGPT 

The OpenAI logo is seen in this illustration taken February 8, 2025. (Reuters) 
The OpenAI logo is seen in this illustration taken February 8, 2025. (Reuters) 

OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service, the company said on Monday.

South Korea has the largest number of paying ChatGPT subscribers after the United States, according to OpenAI.

OpenAI has also begun hiring staff to support partnerships with the country and expects to announce further details on this in coming months, the company said.

"Korea's full-stack AI ecosystem makes it one of the most promising markets in the world for meaningful AI impact, from silicon to software, and students to seniors," Chief Strategy Officer Jason Kwon said in a statement.

Earlier this year, OpenAI announced it would develop artificial intelligence products for South Korea with chat app operator Kakao.

Kwon, who is visiting Seoul, is set to hold a meeting with officials from the main opposition Democratic Party and the ruling People Power Party, local media reported.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.