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Blaize Partners With Korea Telecom to Bring AI Transformation to Industrial and Enterprise Customers

Blaize | December 21, 2022 | Read time : 02:31 min

Blaize
Blaize® today announced a multi-year Memorandum of Understanding with Korea Telecom (KT) — Korea's leading AI, big data, and cloud service provider. The strategic collaboration brings AIoT (Artificial Intelligence of Things) edge device technical development cooperation for autonomous driving, robotics, and mobility AI vision surveillance management. Blaize and KT intend to coordinate, promote, and support the advancement of manufacturing and services requirements of AI development and education for on-device technology for AI market creation in Korea. The MOU will bolster their united relationship and foster a more robust channel for exchanging views on AIoT edge device manufacturing requirements.

KT plans to expand the development of on-device AI products at the terminal end that can minimize data usage and implement various functions to strengthen the AIoT (Artificial Intelligence of Things) service business that combines AI and IoT technology.

For this, Blaize's tightly coupled software and small form factor, low power, and high-speed data processing hardware deliver an end-to-end efficient, usable AI edge workflow that will help KT expand its AIoT efforts.

Through collaboration with development hardware partners like Blaize, KT plans to commercialize specialized terminals and services, such as intelligent IoT routing equipment, micro-mobility services incorporating AIoT technology, and AIoT autonomous driving logistics transport devices for use in distribution, logistics, and smart factories.

"Our expanded collaboration with KT in AIoT edge business advances our shared understanding of technical development in some of the key Blaize markets automotive, mobility, and smart vision, We look forward to further extending Blaize hardware and software solutions, serving the 5G+, MEC, and cloud-based AIoT markets."

Dinakar Munagala, CEO and Co-founder of Blaize

About KT
KT is the largest telecommunications company in South Korea. It began life as Korea Telecommunications Authority, established in 1981. As Korea's largest ISP business, KT is engaged in ICT, financial business, urban broadcasting service business, and other businesses. In addition to continuous growth in core businesses such as wireless communication, high-speed Internet, and IPTV, it is also generating results in B2B growth businesses such as IDC, cloud, and AI/DX. Listed NYSE as KT

About Blaize
Blaize is a leading provider of a proprietary purpose-built, full-stack hardware architecture and low-code/no-code software platform that enables edge AI processing solutions at the network’s edge for computing in multiple large and rapidly-growing markets automotive, mobility, retail, security, industrial automation, medical devices, and many others. Blaize’s novel solution solves the technical problem that edge AI processing requires across those verticals — very low latency and high thermal and power efficiency which previously relied on retrofitting sub-optimized AI solutions designed more for data centers and the cloud. Blaize has previously raised over $180MM from strategic investors such as DENSO, Daimler, Magna, and Samsung, and financial investors such as Franklin Templeton, Temasek, GGV, and others.

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The Internet of things (IoT) is a key lever of digital transformation that manufacturers can use to optimize their businesses from three perspectives. They can use IoT data to refine production processes, enhance supply chains, and improve products, including launching new as-a-service (aaS) business-based digital models that pr

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Spotlight

Transforming Your Business with the Right IoT Platform

The Internet of things (IoT) is a key lever of digital transformation that manufacturers can use to optimize their businesses from three perspectives. They can use IoT data to refine production processes, enhance supply chains, and improve products, including launching new as-a-service (aaS) business-based digital models that pr

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Semtech Corporation Acquires Sierra Wireless in $1.2 Billion All-Cash Deal, Boosting IoT Capabilities

Sierra Wireless | January 13, 2023

Semtech Corporation and Sierra Wireless, Inc. said that Semtech has finished buying Sierra Wireless in an all-cash deal that is worth about US$1.2 billion to the business as a whole. The acquisition positions Semtech as the leading provider of low-power, wide-area (LPWA) wireless IoT solutions, enabling it to better serve customers and markets across the globe. This nearly doubles Semtech's annual revenue and adds about $100 million in high-margin recurring revenue from IoT cloud services. The acquisition should immediately boost non-GAAP EPS and generate US$40 million in operational synergies within 12–18 months. Mohan Maheswaran, Semtech’s president and chief executive officer, said, “Sierra Wireless brings nearly 30 years of leadership in cellular IoT and a strong and diverse device-to-cloud IoT solutions portfolio." He added, "Combined with Semtech’s LoRa-enabled end nodes, we believe we are very well positioned to deliver a highly differentiated, end-to-end platform to enable the transformation to a smarter, more sustainable planet." He further added, “Our combined company will have strong expertise in high bandwidth cellular connectivity, ultra-low power LoRa connectivity, IoT software and services, and extensive knowledge of IoT hardware and software channels and vertical markets." "We believe that Semtech is uniquely positioned to deliver a strong product portfolio and service model to customers across high growth IoT segments.” (Source: Businesswire) The companies expect to enable the transformation to a smarter, more sustainable planet by creating a comprehensive Internet of Things (IoT) platform. By combining Semtech’s hardware-centric technologies with Sierra Wireless’ cloud-based software and services and advanced data analytics capabilities, the platform will provide customers with a unique, end-to-end IoT solution. About Semtech Corporation Semtech Corporation, a global leader in high-performance analog and mixed-signal semiconductors and advanced algorithms, provides solutions for infrastructure, high-end consumer, and industrial equipment. With 60 years of experience in designing and manufacturing proprietary platforms, the company is known for its innovative, efficient, and high-performing products. Original equipment manufacturers (OEMs) and their suppliers use their balanced portfolio of semiconductor products for a wide range of applications, such as in cars, data centers, the Internet of Things (IoT), and wireless infrastructure. Since its founding in 1960 as a manufacturer of high reliability products, Semtech has grown to become a multinational technology innovator, developing solutions that promote safety, productivity, sustainability, and social responsibility. The company's highly skilled teams work to develop new products that solve complex design challenges, making a positive impact on the world.

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Semtech Expands LoRa® Portfolio with New Transceiver Featuring Long Range, Low Power Consumption, LoRaWAN® Standard and Global Connectivity

Semtech | March 17, 2023

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emnify | March 02, 2023

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Sierra Wireless | January 13, 2023

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emnify | March 02, 2023

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