Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
LG CNS and Microsoft Korea announced on Wednesday this week that they will expand their partnership to scale up their security solutions business. For this new deal, the two companies held a meeting at the tech firm's headquarters located in Redmond, Washington.
The meeting was attended by senior executive officials of both companies, which include LG CNS' chief executive officer, Hyun Shin Gyoon and Microsoft's executive vice president and chief customer officer, Judson Althoff. This is their second Top Management Meeting since January which is aimed at continuing their partnership in AI and Cloud solution business.
LG CNS said that in collaboration with Microsoft Korea, it would step up its security solutions, mostly to prevent data leaks at companies that are looking to use artificial intelligence (AI) in their business operations.
The Korea Times reported that this is the latest deal between LG Group's IT affiliate, which specializes in digital transformation (DX) and Microsoft Korea. LG CNS previously signed an agreement with the American tech giant as a managed security service provider (MSSP). This MSSP provides management and outsourced system and security device monitoring services.
It was agreed that LG CNS would build security architectures designed for generative AI, including ChatGPT, based on Microsoft's Azure OpenAI Service. The companies will also work together on the development of managed detection and response (MDR) platform while boosting the cloud security business as well.
The project is expected to address and deal with data leak concerns of many businesses as they are looking to take on AI-generated business models. LG CNS will pin down the exposure points and risk levels before creating a security system that will provide effective protection. "To leverage Microsoft's innovative cloud infrastructure, data analysis capabilities, and Azure OpenAI Service, we will establish a cooperative foundation with Microsoft and create new AI services as quickly as possible to innovate customer values and lead the market," LG CNS' chief Hyun Shin Gyoon said in a statement.
