■ Visiting Korea after 10 years… Meet Samsung and LG
‘Bibimbap meeting’ with LG Group executives
“Meta collaboration XR device to be commercialized next year”
Discussed AI chip cooperation with ‘alumni’ Lee Jae-yong
Private invitation to 5-6 startups
On the 29th, visit with President Yong and then head to India.
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Meta CEO Mark Zuckerberg is moving after having a dinner meeting with Samsung Electronics Chairman Lee Jae-yong at Seungjiwon, a Samsung Group guesthouse located in Itaewon-dong, Yongsan-gu, Seoul, on the afternoon of the 28th. yunhap news
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Samsung Electronics Chairman Lee Jae-yong is moving after having a dinner meeting with Meta CEO Mark Zuckerberg at Seungjiwon, a Samsung Group guesthouse located in Itaewon-dong, Yongsan-gu, Seoul, on the afternoon of the 28th. yunhap news
Mark Zuckerberg, CEO of Meta (formerly Facebook), visited Korea for the first time in over 10 years and had a series of meetings with top executives of Samsung Electronics and LG Electronics. Although Meta has secured core competitiveness in artificial intelligence (AI), metaverse, and extended reality (XR), which are classified as future industries, it is interpreted that it has reached out to domestic companies because it does not have the know-how in terms of semiconductors or hardware to implement them.
CEO Zuckerberg visited the LG Twin Tower in Yeongdeungpo-gu, Seoul on the 28th and had a luncheon for over an hour with key executives, including LG Electronics CEO Jo Joo-wan and LG LG Chief Operating Officer (COO) Kwon Bong-seok, at the restaurant on the 3rd floor of the east building, and discussed business such as AI and XR. Various opinions were exchanged. It is reported that Korean food such as bibimbap and noodles were on the table for the luncheon menu. He is well known for enjoying Korean food, often visiting Korean restaurants in the United States.
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Mark Zuckerberg, CEO of Meta, is getting into his car after meeting with Jo Joo-wan, CEO of LG Electronics, at LG Twin Tower in Yeongdeungpo-gu, Seoul on the 28th. Photo = Reporter Heo Jin
On this day, the two sides exchanged opinions for over an hour on ways to strengthen the competitiveness of XR devices and the direction of cooperation in the AI business sector. CEO Cho met with reporters after the luncheon and said, “The concept for the XR headset has already been developed and we are developing the product based on it, but if we take market requirements into account and reflect them, (the release date) may be delayed.” “It seems that the results of cooperation will come out only when it is possible,” he said. In response to the question, “It seems like the launch is later than expected,” he answered, “When we first release the product, we have to provide a competitive and differentiated product, so we are discussing these things taking those things into consideration.”
Meta is the company that has sold the most XR headsets in history around the world, and LG Electronics is a company that has accumulated a long history of know-how in the production and distribution of home appliances and electronic products, so industry expectations are rising for the XR headsets that the two companies will jointly release. In particular, interest is focused on Meta’s next work as Apple has recently taken on the challenge by releasing its first XR headset, ‘Vision Pro’. CEO Cho emphasized, “Vision Pro and other devices like this can open a new chapter for mixed reality (MR) devices in the future, and as they come up with new products, they will definitely feel threatened, but it can also be a good opportunity to bloom the market.” He added, “(Meta is also thinking of using this as an opportunity) to try to work well with us.”
The two companies said they also discussed in-depth their opinions on AI strategies. LG explained that they discussed ways to secure synergy between Meta’s AI competitiveness, which is having a profound influence on the lightweight LLM market with the open source large-scale language model (LLM) ‘Rama 2′, and LG Electronics’ products, which are distributed over 500 million units worldwide. . Park Hyeong-se, head of HE Business Division at LG Electronics, said, “CEO Zuckerberg was surprised that LG Electronics has more than 200 million TVs and that we cooperate with more than 3,500 content companies, and asked about collaborating as a media content partner. “We had a positive conversation,” he explained.
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Jo Joo-wan, CEO of LG Electronics, is answering questions from reporters at the LG Twin Tower in Yeongdeungpo-gu, Seoul, after having a luncheon meeting with Meta CEO Mark Zuckerberg on the afternoon of the 28th. yunhap news
After meeting with LG executives, CEO Zuckerberg had a dinner meeting with Samsung Electronics Chairman Lee Jae-yong at Seungjiwon in Yongsan-gu, Seoul. Seungjiwon is the renovated residence of former Chairman Lee Byung-cheol. Samsung Electronics announced that Chairman Lee personally served a meal to CEO Zuckerberg and his wife without anyone present. Unlike LG, which publicly disclosed the fact of the meeting, Samsung Electronics did not disclose the facts and topics of the meeting to the outside world. However, the industry believes that the two companies discussed the production of AI semiconductors.
While advanced computing capabilities are required to implement generative AI technology, AI service companies such as Facebook and Tesla have recently been scrambling to secure their own AI semiconductors. This is because purchasing all AI accelerators from a leading company like NVIDIA requires an astronomical budget. Meta also recently stepped into artificial general intelligence (AGI) research and announced that it would purchase more than 350,000 units of Nvidia’s AI chip, H100, within the year.
An official in the semiconductor industry explained, “In order for Meta to outperform competitors such as Open AI and Google in the AI market, semiconductor independence is ultimately necessary, and Samsung Electronics can be the best partner for this task.” This means that if we cooperate from the AI semiconductor design stage with Samsung, which has global level competitiveness from foundry (semiconductor consignment production) to memory, we can stay one step ahead in the AI competition.
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Meta CEO Mark Zuckerberg is entering the LG Twin Towers in Yeongdeungpo-gu, Seoul on the 28th to meet with LG Electronics CEO Jo Joo-wan, President and CEO. yunhap news
Meanwhile, prior to his visit to LG Electronics, CEO Zuckerberg invited 5 to 6 domestic XR startups to the Meta Korea office in Gangnam-gu, Seoul and held a meeting with them. Meta did not disclose the details of the event, but it is presumed that there was also discussion about ways to secure content for the company’s XR headset. In addition to being uncomfortable to wear and causing dizziness, XR headsets have been evaluated as having limitations in expanding the user base due to a lack of killer content. CEO Zuckerberg plans to visit President Yoon Seok-yeol on the 29th and then depart for India.
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