Gate News message, April 21 — South Korea’s Naver and Tata Consultancy Services (TCS), India’s largest IT services firm, have formed a strategic partnership to build and sell AI and cloud services in India. The agreement was signed during South Korean President Lee Jae Myung’s state visit to India at the Korea-India Business Forum in New Delhi, with Naver CEO Choi Soo-yeon and TCS country head Ujjwal Mathur in attendance.
The two companies will develop localized AI applications and cloud services targeting sectors including banking, manufacturing, and retail. The partnership gives Naver a route into India’s large enterprise market as it expands beyond South Korea. Naver has invested 1 trillion Korean won (US$756.8 million) in AI research and development over the past three to four years, with its flagship model HyperCLOVA X supporting Korean and multiple languages. TCS reported US$2.3 billion in annualized AI revenue in FY26 (fiscal year ending March 2026).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Google looks to scale AI chip ecosystem with Marvell as Nvidia competition heats up
Alphabet Inc.'s Google is reportedly in talks with Marvell Technology to develop two new chips designed to improve how artificial intelligence models are run.
Summary
Google is in talks with Marvell to develop two AI-focused chips, including a memory processing unit and a next-generation TPU, t
Cryptonews18m ago
Jeff Bezos' AI Startup Project Prometheus Nears $10B Funding at $38B Valuation
Jeff Bezos' AI startup, Project Prometheus, is nearing a $10 billion funding round, valued at $38 billion, with major backers like JPMorgan and BlackRock. The funds will enhance in-house AI models and support a $100 billion fund for industrial acquisitions.
GateNews1h ago
Deezer discloses that AI music accounts for 44% of new uploads, but actual plays are only about 3%
French music streaming platform Deezer announced on April 21 the most comprehensive AI music penetration data to date: AI-generated songs currently account for 44% of the platform’s daily newly uploaded tracks—up to 75k per day, or more than 2 million per month. Despite a large influx of AI music, its actual plays account for only 1-3% of the platform’s total plays, and 85% of AI-generated tracks are disqualified from earning revenue due to cancellations.
MarketWhisper1h ago
ByteDance Net Profit Drops 70% in 2025 as AI Spending Surges
In 2025, ByteDance's net profit fell over 70% due to high spending on AI infrastructure, despite a nearly 50% revenue growth from overseas and significant expansion in TikTok Shop. Challenges include regulatory headwinds impacting e-commerce.
GateNews1h ago
Tencent QClaw Launches Overseas Beta, Offers 40M Daily Tokens and 20K Founding Claw Slots
Tencent QClaw launched its overseas beta on April 21, featuring over 80 improvements from the domestic version. Users can earn daily tokens, with the initial launch available in multiple languages across various countries.
GateNews2h ago
Huawei Launches First AI Glasses in China as Market Grows 322% Globally
Huawei has launched AI glasses in China, featuring an in-house chip and various smart functions. The global AI glasses market saw a significant increase in shipments, with China becoming the second-largest market.
GateNews2h ago
