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Search results for M.AX Alliance

AI & Enterprise

RideFlux teams up with KGM and Hyundai Mobis to install AI self-driving software in finished cars

RideFlux, a developer of autonomous driving AI software, said on Tuesday it signed an MOU with KG Mobility (KGM), Hyundai Mobis and several industry bodies to advance KGM software-defined vehicles and software. Under the agreement, KGM will pursue installing Hyundai Mobis’ SDV platform and RideFlux’s AI-based autonomous driving solution in its vehicles. The deal is part of the Trade Ministry-led M.AX Alliance activities.

Finance

Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund

South Korea\'s Financial Services Commission and Ministry of Trade, Industry and Energy will link the National Growth Fund with a manufacturing AI transformation project to identify and support leading companies in physical AI. They discussed support measures at a joint public-private meeting at Korea Development Bank. The plan targets sectors including AI factories, robots and future vehicles, with about 16 trillion won to be supplied this year across six related fields.

AI & Enterprise

Physical AI alliance recast as execution platform, starts push for homegrown full stack

South Korea\'s government and industry will build a \"K-physical AI full stack\" linking local AI chips, models, software, robots, networks and data centres, shifting the alliance from policy discussion to an execution platform. The Ministry of Science and ICT launched the Physical AI Alliance\'s second term in Seoul. It will compress 40 tasks into three projects: a full stack platform, training centres and a physical AI promotion law. The alliance also reorganises its groups and links projects to R&D, pilots and policy finance.