The Day After Tomorrow, Series B Investment of 30 Billion Won... Collaborating with US AMD

Role in Reducing Dependence on Nvidia
"Will Contribute to Next-Generation AI Development"

Artificial intelligence (AI) infrastructure solution company 'MOREH' has formed a strategic partnership with U.S. semiconductor company AMD and secured investment.

On the 26th, MOREH announced, "The Series B round investment was completed with a total of $22 million (approximately 30 billion KRW)," adding, "KT and AMD participated as strategic investors, while Forest Partners and Smilegate Investment participated as financial investors."

MOREH is considered a leading tech company representing the AI semiconductor ecosystem. It develops enterprise AI cloud solutions including AI infrastructure software. It enables reducing dependence on NVIDIA in developing and operating major AI services such as large language models (LLMs) like GPT-3.

Jangwon Cho, CEO of MOREH, said, "We are very pleased to establish a strategic partnership with AMD. Through close collaboration with AMD, which has GPUs with competitiveness equal to NVIDIA, MOREH will contribute to the AI industry developing and using next-generation AI more effectively and cost-efficiently."

Brad McCready, Vice President of AMD, stated, "We are pleased that MOREH has joined the AMD ecosystem, and we are confident that they will lead the future with optimal AI software solutions that are easy to use."

MOREH was founded in September 2020, led by members from the Seoul National University Manycore Programming Research Group, who developed the native supercomputer 'Cheondung'.

Recently, MOREH successfully completed training of a large language model (LLM) with 221 billion parameters based on the Korean language. They plan to release a Korean-specialized language model as open source by the end of this year.

This content was produced with the assistance of AI translation services.