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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

Logpresso, FuriosaAI partner on sovereign AI-based agentic SOC

Logpresso said on Tuesday it signed a memorandum of understanding with AI chipmaker FuriosaAI to cooperate in the NPU-based agentic SOC field and advance AI security monitoring technology. Agentic SOC is a next-generation security operations system in which AI agents autonomously detect, analyze and respond to security threats. The companies plan to jointly develop a reference architecture combining Logpresso’s integrated security platform with FuriosaAI’s RNGD inference chip.

AI & Enterprise

South Korea to spend 7.54 trillion won on AX Sprint to commercialise 229 AI products and services

The South Korean government will invest 7.54 trillion won to commercialise 229 artificial intelligence products and services aimed at labour shortages in farming, caregiving and industrial safety. The AX Sprint programme, overseen by the Office of Planning and Budget with 11 ministries involved, received 1,604 submissions across 246 projects. Most selected projects formed consortia with demand-side companies. Small firms made up 82.1 percent of selected companies.