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AI & Enterprise

Naver Connect Foundation signs MOU with Seoul National University to train AI talent

Naver Connect Foundation has signed a memorandum of understanding with Seoul National University to foster AI talent and expand access to education, it said on Thursday. The partners aim to build customised education environments by combining the foundation’s experience in AI and software education with Seoul National University’s regional talent network. They plan to begin with an AI agent challenge for 200 students from 10 national universities and jointly develop programmes and research.

AI & Enterprise

National Growth Fund bets 800 billion won on FuriosaAI, backs SK Bioscience too

South Korea\'s National Growth Fund will support domestic AI chipmaker FuriosaAI to expand mass production and develop next-generation chips, while also providing funding to Smilegate for an AI data centre project and to SK Bioscience for vaccine development and plant expansion. The Financial Services Commission approved five projects worth 4.14 trillion won, raising the fund\'s cumulative approvals to 12.5 trillion won across 16 projects. Support also includes loans for L&F Plus and funding for switchboard maker Geunu.

AI & Enterprise

Cryptolab, KT to co-develop encrypted AI solution to automate medical insurance review

Cryptolab said on May 28 it signed a joint research and development agreement with KT to develop a medical multimodal agentic AI solution based on AI security technology. The companies aim to build a medical AI infrastructure that lets AI agents analyze and infer without exposing patient data externally by combining KT\'s security cloud infrastructure with Cryptolab\'s homomorphic encryption-based generative AI security middleware. They plan to develop a multimodal AI agent to support hospitals\' pre-review of insurance claims.