Search results for Magma
Industry
Genesis weighs entry-level EV priced in 44 million won range
Genesis is reviewing ways to expand into the mass market with a more affordable electric vehicle, keeping open the possibility of an entry-level model. Genesis executives leading its European business are assessing demand. A candidate is a model based on Hyundai Motor’s small electric hatchback Ioniq 3, using existing EV architecture rather than a new platform. Genesis says it is focusing on long-term growth, while its electrification strategy also includes hybrids and range-extended EVs.
AI & Enterprise
KT builds companywide AI analytics environment, wins global innovation award
KT said it won the Stratygy Digital Transformation Award at Stratygy World Seoul 2026, a global data and AI analytics conference held in Seoul on July 9. The award recognises KT’s ability to combine its data platform and AI technology to modernise companywide data use and extend it to AI transformation work for corporate clients. KT said it modernised its analytics environment using its MAGMA platform built on Azure Databricks.
Crypto
Amboss unveils Lightning Network-based P2P platform RailsX
Amboss Technologies unveiled RailsX, a new peer-to-peer trading platform based on Bitcoin’s Lightning Network, at the PlanB Forum in El Salvador, The Block reported. RailsX is a decentralised solution that lets bitcoin and stablecoin holders trade while keeping custody of their assets. It combines Amboss’ liquidity marketplace Magma with Taproot Assets to support trustless decentralised trading. The company said the structure aligns with a draft U.S. Clarity Act.
