Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
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 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Lee Soo Man, the founder of SM Entertainment in South Korea, has invested $5.2 million in Mindlogic Inc., a South Korean AI startup company.
Sole Investor for the AI Company
The Korea Economic Daily reported that the former chief producer of SM Entertainment was the only investor in Series B funding for Mindlogic. He said he could still raise his investment in the large language models (LLM) and AI startup up to $7.5 million or KRW10 billion.
Based on information from insiders, Lee is currently in talks for additional investment after emerging as the sole investor in January's Series B funding round. Now, Mindlogic has been able to raise a total of KRW12 billion since it was set up in 2019. Its other earlier investors include Strong Ventures, Partech Partners, DSC Investment Inc., and Tekton Ventures.
Deeper Look Into Mindlogic
The company was co-founded by Kim Young Woo and Kim Jin Wook in 2019. Before serving as co-CEOs at Mindlogic, both worked at McKinsey & Company.
Mindlogic is mainly focused on its Mindlogic Persona Chatbot, an AI chat service that was only launched in 2023. According to The Chosun Daily, this technology creates a "persona" by ingraining artificial intelligence with the personality and knowledge of certain individuals, making it possible to engage in worthwhile conversations with users.
Meanwhile, Mindlogic's Persona Chatbot's most remarkable feature is its cutting-edge long-term memory capability. The company uses its Persona Engram technology to allow the chatbot to retain all its user interactions.
To protect the privacy of users as well as intellectual property (IP), the company incorporated IP protection tech into its AI chatbots. This will ensure that all private data or IPs shared during conversations are separated and stored in a different secured place to avoid being used in AI training.
Photo by: Mindlogic Chat AI Website
