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Industry

Battery data becomes shield as recourse claims open in EV fire compensation

South Korea began an "EV Fire Peace-of-Mind Insurance" scheme in July that compensates damage before the cause is determined. Policy terms allow insurers to seek recourse from vehicle owners or drivers, manufacturers including parts makers, importers, charging-facility owners or managers, or other liable third parties once fault is confirmed. Battery makers are excluded from insured parties and premiums, but can face claims if defects are found or if losses exceed coverage limits.

AI & Enterprise

K-AI chips put to the test as global AI startups step up push into South Korea

South Korean neural processing unit makers are teaming up with domestic cloud companies to target the AI inference market, testing whether they can secure a foothold beyond Nvidia’s barriers. Samsung SDS launched an NPU-as-a-service offering on its Samsung Cloud Platform based on FuriosaAI’s second-generation chip. Rebellions is also partnering with KT Cloud and Gabia. Foreign AI startups are stepping up moves into Korea, including Genspark and China’s Kling AI.

Crypto

Aztec releases v5 alpha, says fully private transaction proofs possible on mobile phones

Crypto privacy project Aztec has released its v5 upgrade in an alpha stage. Co-founder Williamson Aztec (윌리엄슨 아즈텍) said the upgrade was pursued to make fully private transactions the default in the Ethereum ecosystem. Aztec said the update more than halves proof times, cuts average private transaction costs by about 50 percent and reduces average block times to 6 seconds from 14. It also lowers rollup proof verification costs by about 40 percent.