Latest news with #Exaone
United News of India
6 days ago
- Business
- United News of India
LG shakes hands with FuriosaAI for an enterprise-grade launch
New Delhi, July 24 (UNI) FuriosaAI Inc., a South Korean Semiconductor startup with specialization in the development of AI inference chips, has partnered with LG Corporation (a South Korean conglomerate) for an ambitious launch of an enterprise-grade solution. LG Corp's large language model (LLM) Exaone (developed by LG's AI research division) fully acquired the second-generation AI inference model Renegade of FuriosaAI. Now, both companies plan to launch an enterprise-grade solution. This deal highlights that LG will integrate RNGD chips into Exaone servers. RNGD chips refer to a new line of AI inference chips developed by FuriosaAI. These chips are specially designed to deal with high-performing data centers with a focus on deep learning inference. June Paik (chief executive officer of FuriosaAI) termed this partnership as a 'watershed moment.' Paik also pointed out the efforts they put into this project over the previous eight years. He emphasized that now the product is ready for enterprise adoption. Analysts pointed out that LG's embrace of 'Renegade' is again showing a boom in the realm of major AI investments. It also showed the popularity of LLM (large language models) in handling complex technological processes with ease. UNI SAS PRS
Time of India
22-07-2025
- Business
- Time of India
Nvidia chip challenger FuriosaAI scores LG as first major customer
FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. The startup won final approval for its AI chip RNGD (pronounced 'Renegade') from LG AI Research after seven months of rigorous evaluation spanning performance and efficiency. The larger Korean company will use the chip to power its Exaone large-language models, FuriosaAI Chief Executive Officer June Paik told Bloomberg News. LG's approval is a validation for FuriosaAI, one of a handful of Korean chip designers hoping to ride a post-ChatGPT boom in AI infrastructure . The RNGD chip was designed to challenge not just industry leader Nvidia but also fellow startups Groq Inc., SambaNova Systems Inc. and Cerebras Systems Inc. 'For the last eight years, we worked very hard from R&D to product phases and finally this commercialisation phase,' Paik said. 'This signals that our product is ready for enterprise adoption.' Founded in 2017 by Paik, who previously worked at Samsung Electronics Co. and Advanced Micro Devices Inc., FuriosaAI develops semiconductors for AI inferencing or services. It claims to deliver 2.25 times better inference performance per watt compared to graphics processing units. Like Korean peers Rebellions Inc. and Semifive Inc., FuriosaAI is trying to tap a giant semiconductor ecosystem of talent, suppliers and government incentives that've sprung up around Samsung and SK Hynix Inc. over the past decade. As part of their partnership, FuriosaAI and LG intend to deploy RNGD servers using Exaone across a range of industries from electronics to finance. They will also power LG's in-house enterprise AI agent, ChatExaone, which the company plans to expand to external clients. FuriosaAI is working to secure its next customers in the US, the Middle East and Southeast Asia. It expects to reach similar agreements in the second half of this year, Paik said. FuriosaAI attracted public attention when news emerged in March that it had rejected Meta's advances, opting for independence. It plans to raise capital before eventually pursuing an initial public offering, according to people familiar with the matter.
Economic Times
22-07-2025
- Business
- Economic Times
Nvidia chip challenger FuriosaAI scores first major customer LG
FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. The startup won final approval for its AI chip RNGD (pronounced 'Renegade') from LG AI Research after seven months of rigorous evaluation spanning performance and efficiency. The larger Korean company will use the chip to power its Exaone large-language models, FuriosaAI Chief Executive Officer June Paik told Bloomberg News. LG's approval is a validation for FuriosaAI, one of a handful of Korean chip designers hoping to ride a post-ChatGPT boom in AI infrastructure. The RNGD chip was designed to challenge not just industry leader Nvidia but also fellow startups Groq Inc., SambaNova Systems Inc. and Cerebras Systems Inc. 'For the last eight years, we worked very hard from R&D to product phases and finally this commercialisation phase,' Paik said. 'This signals that our product is ready for enterprise adoption.'Founded in 2017 by Paik, who previously worked at Samsung Electronics Co. and Advanced Micro Devices Inc., FuriosaAI develops semiconductors for AI inferencing or services. It claims to deliver 2.25 times better inference performance per watt compared to graphics processing units. Like Korean peers Rebellions Inc. and Semifive Inc., FuriosaAI is trying to tap a giant semiconductor ecosystem of talent, suppliers and government incentives that've sprung up around Samsung and SK Hynix Inc. over the past part of their partnership, FuriosaAI and LG intend to deploy RNGD servers using Exaone across a range of industries from electronics to finance. They will also power LG's in-house enterprise AI agent, ChatExaone, which the company plans to expand to external clients. FuriosaAI is working to secure its next customers in the US, the Middle East and Southeast Asia. It expects to reach similar agreements in the second half of this year, Paik said. FuriosaAI attracted public attention when news emerged in March that it had rejected Meta's advances, opting for independence. It plans to raise capital before eventually pursuing an initial public offering, according to people familiar with the matter.
Korea Herald
22-07-2025
- Business
- Korea Herald
LG aims for global AI elite with next-gen Exaone platform
Following founder's Cabinet appointment, LG AI Research's new leaders set sights on global top-three status LG AI Research unveiled on Tuesday its evolving Exaone ecosystem, introducing a series of its latest and newly developed Exaone-based AI models and services co-developed with global partners. At the 'LG AI Talk Concert 2025' held at LG Sciencepark in Seoul, the institute showcased its lineup of AI innovations built on proprietary foundation models, including Exaone 4.0, Korea's first hybrid AI model combining reasoning and generative capabilities and Exaone Path 2.0, a precision medical AI system. To secure global competitiveness, the institute aims to expand its Exaone across all major industries, including biotechnology and finance. "The evolution of agentic AI directly leads to physical AI, a technology that transforms the real world. LG AI Research will accelerate the development of physical AI technology, enabling AI to perceive, judge, and alter actual environments,' Lee Hong-lak, co-president who was newly appointed Monday, said. While LG largely kept its Exaone models out of the public's reach as a B2B product, the company first unveiled its cutting-edge Exaone 4.0 model via API through the Friendly AI inference platform for companies and institutions, enabling real-world business integration. Another major unveiling was Exaone 4.0 VL, a multimodal vision-language model. It is capable of interpreting complex professional documents, images and molecular structures. LG AI Research said the model outperformed Meta's Llma 4 Scout in internal benchmarks, positioning it as a key component of the Exaone ecosystem – serving as its 'eyes' in real world applications. Also unveiled for the first time include the beta version of ChatExaone, an enterprise AI agent designed for secure internal use and previously limited to LG Group employees. The beta is currently available only to enterprise or business accounts. Exaone Data Foundry, a platform that streamlines the production of high-quality training data, and Exaone On-Premise, a full-stack enterprise AI solution built entirely with Korean hardware and software for deployment in secure and independent environments, were also unveiled for the first time during the event. Arman Sahovic, APAC Head of Data Platform Solutions at the London Stock Exchange Group, introduced business intelligence services developed with Exaone. Sahovic explained that LSEG and LG AI Research are collaborating to create a service that predicts investment asset return trends and generates reports based on LSEG's data, news and disclosure information, thereby aiding investment decisions globally. At the event, chief researchers at LG AI Research expressed their ambition to become one of the global top three players in the AI field. Their immediate goal is to lead in generative and agentic AI, with a longer-term vision to pioneer the era of physical AI, where systems can reason autonomously and take action to solve real-world problems. 'The race to secure AI technology is no longer just a corporate issue — it has expanded into a competition between nations. Without a self-sustaining ecosystem, dependency deepens, and we risk falling behind. Building our own ecosystem is essential,' said Kim Yoo-chul, head of Strategic Division at the institute. Lee Hwa-young, vice president leading AI Biz Dev and DX Group, also urged for government support in infrastructure. 'To build good AI, you need data, talent, technology and infrastructure. LG has everything except infrastructure,' Lee said. 'The government is now stepping in to build that infrastructure, and we are working hard to stay at the forefront of technology and become one of the global top three in AI.' The institute's two co-Presidents succeeding Bae Kyung-hoon following his appointment as Minister of Science and ICT, also made their first official appearance since their appointments. Lim Woo-hyung, one of the co-presidents, said he was proud of Bae's new role and vowed to continue leading the institute with dedication. 'Our goal is not just to advance AI technology, but to apply it directly in industrial settings and create real business value. We're actively exploring how to strengthen AI capabilities across LG affiliates and accelerate digital transformation,' Lim said. Co-head Lee Hong-lak said, 'I will work to elevate LG AI Research to global excellence. We will continue developing Exaone into a world-class technology, support its adoption across the group and help uncover new growth engines.'
Time of India
22-07-2025
- Business
- Time of India
Nvidia chip challenger FuriosaAI scores first major customer LG
Synopsis FuriosaAI, a Seoul-based startup, will supply its AI chip RNGD to LG AI Research. This follows a rejection of an $800 million acquisition bid from Meta. LG will use the chip for its Exaone large-language models. FuriosaAI aims to challenge Nvidia and other AI chip companies.
