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
Haun Ventures Closes $1 Billion Fund on May 5, Targeting Crypto and AI Startups
According to Cointelegraph, Haun Ventures completed raising $1 billion for a new fund on May 5, with capital to be allocated equally between early-stage and late-stage investments. The fund will focus on startups in crypto, artificial intelligence, and alternative
GateNews22m ago
Anthropic, OpenAI Investments Top $1.1B in Retail Crypto Trading Since 2026 Start
According to Bloomberg, retail investors have poured approximately $1.13 billion into leveraged trading on private AI company derivatives since the start of 2026. Crypto platforms Ventuals and PreStocks enable 24-hour trading on firms including Anthropic, OpenAI, and SpaceX without granting direct e
GateNews27m ago
Qualcomm Veteran Alex Katouzian Joins Intel as EVP of Client Computing and Physical AI
According to Intel, on May 5, Alex Katouzian joined the company as executive vice president and general manager of the Client Computing and Physical AI division. Katouzian previously served as executive vice president and general manager of Qualcomm's mobile, computing and XR business. Intel also
GateNews27m ago
Google's AI Overview Delivers Tens of Millions of Wrong Answers Hourly; Gemini 3 Accuracy at 91%
According to The New York Times, Google's AI Overview feature has a 91% accuracy rate using Gemini 3, meaning it delivers tens of millions of incorrect answers hourly. Based on Google's processing of over 5 trillion searches annually, this translates to hundreds of thousands of inaccurate
GateNews35m ago
Anthropic Prepares Proactive Assistant Orbit Connecting Six Tools Including GitHub and Figma
According to code findings monitored by Beating, Anthropic is preparing a new proactive assistant feature called Orbit that connects to Gmail, Slack, GitHub, Calendar, Drive, and Figma. The feature uses an opt-in mechanism and generates personalized briefings from connected work tools while
GateNews1h ago
Vertex Ventures Backs Singapore AI Startup ReN3 with $5M on May 5
According to Vertex Ventures Southeast Asia and India, Singapore-based enterprise AI startup ReN3 raised US$5 million in seed funding on May 5 to expand in Southeast Asia and invest in product development. The company plans to deepen its channel partner
GateNews1h ago
